NASDAQ$PCAR
Paccar Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
PACCAR achieved record quarterly revenues and profits driven by new truck models and record PACCAR Parts profits.
PACCAR reported record net income for the third quarter of 2022, driven by strong demand for new truck models and record PACCAR Parts results. PACCAR Financial Services also delivered excellent results.
- PACCAR achieved record net income for the third quarter of 2022.
- PACCAR Parts reported record quarterly sales and profits.
- PACCAR Financial Services delivered excellent results.
- PACCAR increased the regular quarterly cash dividend by 9%.
Headline financials
Revenue & EPS history
Paccar · Revenue · Quarterly
$7.06B
Revenue by segment
Paccar · $6.67B total across 2 segments · Q3 2022
- Truck$5.2B+50.6%77.9%
- Parts$1.47B+16.8%22.1%
Forward guidance
U.S. and Canada Class 8 truck industry retail sales are estimated to be in a range of 265,000-285,000 vehicles in 2022. Class 8 truck industry retail sales for 2023 are estimated to increase to a range of 260,000-300,000 vehicles. European truck industry registrations in the above 16-tonne segment are estimated to be in the range of 275,000-295,000 units this year. The market in 2023 is expected to be in a range of 260,000-300,000 trucks. The South American above 16-tonne truck market is projected to be in a range of 125,000-135,000 units this year, and in a similar range in 2023.
Tailwinds
- Strong industry truck utilization
- Increased freight tonnage
- Customers are replacing older vehicles with new fuel-efficient trucks
- New DAF XD, XF, XG and XG+ trucks deliver industry-leading fuel efficiency, safety and driver comfort
- PFS is leveraging investments in its 13 worldwide used truck centers to sell an increased number of used trucks at higher retail prices
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 Q3 2022
-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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