NASDAQ$PCAR
Paccar Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
PACCAR achieved very good revenues and net income, with PACCAR Parts and Financial Services delivering record quarterly results.
PACCAR reported very good revenues and net income for Q2 2021, driven by record quarterly sales and profits at PACCAR Parts and record profits at PACCAR Financial Services. Net sales and financial services revenues increased by 91% compared to the same period last year.
- PACCAR achieved net income of $492.9 million ($1.41 per diluted share).
- Net sales and financial services revenues were $5.84 billion, up 91% year-over-year.
- PACCAR Parts revenues reached a record $1.21 billion with a pretax income of $265.6 million.
- Financial Services earned record pretax income of $106.5 million.
Headline financials
Revenue & EPS history
Paccar · Revenue · Quarterly
$5.84B
Revenue by segment
Paccar · $5.36B total across 2 segments · Q2 2021
- Truck$4.15B+123.4%77.4%
- Parts$1.21B+47.1%22.6%
Forward guidance
Class 8 industry retail sales in the U.S. and Canada are estimated to be in a range of 260,000-280,000 trucks in 2021. European truck industry registrations in the above 16-tonne segment are estimated to be in a range of 270,000-290,000 vehicles this year. The 2021 South American above 16-tonne truck market is projected to be in the range of 110,000-120,000 units.
Tailwinds
- Freight tonnage is strong.
- Industry truck utilization is high.
- Customer demand for new trucks is strong.
- Customers appreciate the enhanced fuel efficiency in new trucks.
- Customers appreciate the advanced technology in new trucks.
Headwinds
- Truck markets are tempered by the industry-wide undersupply of semiconductor chips.
- 6,500 trucks awaiting components at quarter-end.
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 Q2 2021
-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% | — | — |
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