NASDAQ$PCAR
Paccar Inc · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
PACCAR reported good annual revenues and profits driven by strong truck deliveries and aftermarket sales
PACCAR reported Q4 2020 revenues of $5.57 billion and net income of $405.8 million ($1.17 per diluted share), compared to revenues of $6.12 billion and earnings of $531.3 million ($1.53 per diluted share) in Q4 2019. The results reflect PACCAR's premium-quality products and services, excellent operational efficiency and strong aftermarket parts sales.
- PACCAR achieved quarterly revenues of $5.57 billion in the fourth quarter of 2020.
- The company earned $405.8 million ($1.17 per diluted share) in the fourth quarter of 2020.
- PACCAR Parts achieved record fourth quarter pre-tax income of $222.5 million, 8% higher than the $205.2 million earned in the fourth quarter of 2019.
- PACCAR Financial Services (PFS) achieved fourth quarter 2020 pretax income of $63.8 million, compared to $68.1 million in the fourth quarter of 2019.
Headline financials
Revenue & EPS history
Paccar · Revenue · Quarterly
$5.14B
Revenue by segment
Paccar · $5.12B total across 2 segments · Q4 2020
- Truck$4.04B-13.8%79.0%
- Parts$1.07B+8.1%21.0%
Forward guidance
PACCAR has increased its estimate of 2021 U.S. and Canada Class 8 truck industry retail sales to a range of 250,000-280,000 trucks. European truck industry registrations in the above 16-tonne market in 2021 will be in the range of 250,000-280,000 trucks. The South American above 16-tonne truck market is projected to be in a range of 100,000-110,000 trucks in 2021.
Tailwinds
- Strong rebound in manufacturing.
- Increase in housing starts.
- Growth in automotive production.
- Rise in consumer spending.
- Good freight tonnage.
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 Q4 2020
-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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