NASDAQ$PCAR
Paccar Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
PACCAR reported excellent revenues and net income.
PACCAR's Q1 2024 results reflect ongoing demand for premium quality trucks, aftermarket parts, and financial services, leading to excellent revenues and net income.
- Consolidated revenues reached $8.74 billion.
- Net income was $1.20 billion.
- PACCAR Parts achieved record revenue of $1.68 billion.
- Cash provided by operations totaled $1.47 billion.
Headline financials
Revenue & EPS history
Paccar · Revenue · Quarterly
$8.74B
Revenue by segment
Paccar · $8.22B total across 2 segments · Q3 2023
- Truck$6.64B+27.7%80.7%
- Parts$1.58B+7.5%19.3%
Forward guidance
Capital expenditures are projected to be in the range of $700-$750 million and research and development expenses are estimated to be in the range $460-$500 million in 2024.
Tailwinds
- Increasing investment in new powertrains
- Advanced manufacturing capabilities and capacity
- Aftermarket distribution capabilities
- Construction of 21-gigawatt hour (GWh) factory in Marshall County, Mississippi, in the second quarter of 2024
- Factory start production in 2027
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
-0.4%
Avg return
Earnings day
-0.4%
Avg return
5 days after
-0.1%
Avg return
30 days after
40%
29 / 73 earnings
Positive
+9.5%
Q3 2012
Best reaction
-9.3%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.3% | -8.7% | -12.1% | |
| Q4 2025 | -0.1% | +0.7% | +1.6% | |
| Q3 2025 | +2.5% | +2.7% | +0.1% | |
| Q2 2025 | -1.0% | -1.2% | +1.8% | |
| Q1 2025 | -1.9% | -2.3% | +2.4% | |
| Q4 2024 | -2.4% | +0.9% | -4.0% | |
| Q3 2024 | -5.3% | -3.4% | +4.1% | |
| Q2 2024 | -9.3% | -9.0% | -12.6% | |
| Q1 2024 | -6.4% | -7.8% | -6.9% | |
| Q4 2023 | +3.9% | +4.8% | +13.8% | |
| Q3 2023 | +3.9% | +2.4% | +12.1% | |
| Q2 2023 | -4.6% | -3.8% | -5.0% | |
| Q1 2023 | -0.9% | +1.2% | -3.7% | |
| Q4 2022 | +8.4% | +8.2% | +7.7% | |
| Q3 2022 | +0.8% | +4.7% | +15.1% | |
| Q2 2022 | +3.5% | +6.4% | +7.5% | |
| Q1 2022 | -2.3% | -3.8% | -2.6% | |
| Q4 2021 | +3.0% | +2.8% | +0.9% | |
| Q3 2021 | -1.7% | +2.7% | +1.7% | |
| Q2 2021 | -4.8% | -4.5% | -6.3% | |
| Q1 2021 | -2.9% | -3.7% | -2.1% | |
| Q4 2020 | -1.6% | -6.9% | -5.3% | |
| Q3 2020 | -0.2% | +1.7% | -1.1% | |
| Q2 2020 | +7.0% | +7.6% | +9.4% | |
| Q1 2020 | -1.6% | +0.4% | +1.5% | |
| Q4 2019 | +1.3% | -1.3% | -9.8% | |
| Q3 2019 | +2.9% | +5.3% | +9.3% | |
| Q2 2019 | +4.3% | +3.6% | -6.8% | |
| Q1 2019 | -0.7% | +0.1% | -4.6% | |
| Q4 2018 | +5.6% | +6.0% | +10.6% | |
| Q3 2018 | -9.2% | -8.6% | -0.9% | |
| Q2 2018 | +2.0% | +5.0% | +5.9% | |
| Q1 2018 | -6.5% | -7.2% | -6.0% | |
| Q4 2017 | -5.6% | -8.1% | -12.6% | |
| Q3 2017 | -5.9% | -3.7% | -9.1% | |
| Q2 2017 | -0.8% | -1.4% | -7.7% | |
| Q1 2017 | -3.5% | -1.5% | -7.4% | |
| Q4 2016 | +1.5% | +1.3% | -0.4% | |
| Q3 2016 | -1.9% | -1.7% | +10.0% | |
| Q2 2016 | +5.7% | +5.5% | +7.2% | |
| Q1 2016 | +7.4% | — | — | |
| Q4 2015 | +2.5% | — | — | |
| Q3 2015 | -2.1% | — | — | |
| Q2 2015 | +1.6% | — | — | |
| Q1 2015 | +5.5% | — | — | |
| Q4 2014 | -4.1% | — | — | |
| Q3 2014 | +3.4% | — | — | |
| Q2 2014 | -1.4% | — | — | |
| Q1 2014 | -2.8% | — | — | |
| Q4 2013 | -6.0% | — | — | |
| Q3 2013 | -4.5% | — | — | |
| Q2 2013 | -2.8% | — | — | |
| Q1 2013 | -0.1% | — | — | |
| Q4 2012 | -1.2% | — | — | |
| Q3 2012 | +9.5% | — | — | |
| Q2 2012 | -0.2% | — | — | |
| Q1 2012 | +1.5% | — | — | |
| Q4 2011 | -1.0% | — | — | |
| Q3 2011 | +1.0% | — | — | |
| Q2 2011 | -4.8% | — | — | |
| Q1 2011 | +3.0% | — | — | |
| Q4 2008 | -2.5% | — | — | |
| Q4 2010 | -2.5% | — | — | |
| Q3 2010 | -3.0% | — | — | |
| Q2 2010 | +0.8% | — | — | |
| Q4 2009 | +0.8% | — | — | |
| Q1 2009 | -7.0% | — | — | |
| Q1 2010 | +0.0% | — | — | |
| Q4 2007 | +0.9% | — | — | |
| Q3 2009 | +3.2% | — | — | |
| Q3 2008 | +3.2% | — | — | |
| Q2 2009 | -1.7% | — | — | |
| Q2 2008 | -1.7% | — | — |
Discussion
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