Articles from PACCAR Inc

“PACCAR reported strong annual revenues and net income in 2024,” said Preston Feight, chief executive officer. “PACCAR’s results reflect the enhanced profitability of the latest generation of DAF, Peterbilt and Kenworth trucks, record PACCAR Parts revenue and profit, and good financial services performance. I am very proud of our employees and dealers who delivered outstanding trucks and transportation solutions to our customers. In 2025, PACCAR is celebrating the 120th anniversary of the company’s founding in 1905 by William Pigott.”

PACCAR Inc’s Board of Directors today declared an extra cash dividend of three dollars ($3.00) per share, payable on January 8, 2025, to stockholders of record at the close of business on December 20, 2024.

PACCAR Inc’s Board of Directors today approved an increase of 10% in the regular quarterly cash dividend from thirty cents ($.30) per share to thirty-three cents ($.33) per share. The dividend will be payable on March 5, 2025, to stockholders of record at the close of business on February 12, 2025.

“PACCAR achieved excellent revenues and net income in the third quarter of 2024,” said Preston Feight, chief executive officer. “PACCAR’s truck and Parts operations achieved robust quarterly sales and profits due to industry-leading trucks and strong aftersales performance. PACCAR Financial Services achieved good results due to its high quality portfolio. I am very proud of our employees for producing the highest quality trucks and transportation solutions for our customers.”

PACCAR Inc’s Board of Directors today declared a regular quarterly cash dividend of thirty cents ($.30) per share, payable on December 4, 2024, to stockholders of record at the close of business on November 13, 2024.

“PACCAR achieved excellent revenues and net income in the second quarter of 2024,” said Preston Feight, chief executive officer. “PACCAR’s truck and Parts operations achieved robust quarterly sales and profits due to industry-leading trucks and strong aftersales performance that enhanced customer uptime. PACCAR Financial Services delivered good profitability due to its growing, high quality portfolio. I am very proud of our employees for delivering industry-leading trucks and transportation solutions to our customers.”

PACCAR Inc’s Board of Directors today declared a regular quarterly cash dividend of thirty cents ($.30) per share, payable on September 5, 2024, to stockholders of record at the close of business on August 15, 2024.

PACCAR will hold meetings with research analysts and institutional shareholders commencing at 9:00 a.m. Eastern time on June 5, 2024, in New York, New York. A real-time Webcast of these events will be available at www.paccar.com. Webcast replays will be available following the event at the same link until June 30, 2024.

PACCAR Inc’s Board of Directors today approved an increase of 11% in the regular quarterly cash dividend from twenty-seven cents ($.27) per share to thirty cents ($.30) per share. The dividend will be payable on June 5, 2024, to stockholders of record at the close of business on May 15, 2024.

Mr. Luiz Pretti has been elected to the PACCAR Inc Board of Directors, effective September 1, 2024, according to Mark Pigott, PACCAR executive chairman. Mr. Pretti will succeed Franklin L. Feder, who will retire from the Board on August 30, 2024. “PACCAR is very pleased that Luiz Pretti will be joining the Board. His years of management experience in international business, especially in South America, finance and manufacturing will benefit PACCAR in its global growth,” said Mark Pigott. “The Board thanks Frank Feder for his six years of excellent service to the company. Frank has provided superb judgment and counsel as a director and was instrumental in enhancing PACCAR’s business in Brasil and South America. We will miss him.”

Mr. Pierre Breber and Mr. Brice Hill have been elected to the PACCAR Inc Board of Directors, effective July 1, 2024, according to Mark Pigott, PACCAR executive chairman. “PACCAR is very pleased that Pierre Breber and Brice Hill will be joining the Board. Mr. Breber’s finance and international operations experience in the energy industry, and Mr. Hill’s years as a senior finance and operations executive in the technology industry, will benefit PACCAR in its global growth,” said Mark Pigott.

“PACCAR reported record annual revenues and net income in 2023,” said Preston Feight, chief executive officer. “PACCAR’s excellent results reflect record deliveries of premium quality DAF, Peterbilt and Kenworth trucks worldwide, record Truck, Parts and Other gross margins and strong financial services performance. I am very proud of our employees and dealers who delivered outstanding trucks and transportation solutions to our customers.”

Accelera™ by Cummins, Daimler Trucks & Buses US Holding LLC and PACCAR have selected Marshall County, Mississippi, as the future site of advanced battery cell manufacturing for their planned joint venture. The joint venture will localize battery cell production for commercial electric vehicles and is expected to create more than 2,000 U.S. manufacturing jobs, with the option for further expansion as demand grows. The 21-gigawatt hour (GWh) factory is expected to begin producing battery cells in 2027.

PACCAR Inc’s Board of Directors today declared an extra cash dividend of three dollars and twenty cents ($3.20) per share, payable on January 4, 2024, to stockholders of record at the close of business on December 15, 2023.

PACCAR Inc’s Board of Directors today declared a regular quarterly cash dividend of twenty-seven cents ($.27) per share, payable on March 6, 2024, to stockholders of record at the close of business on February 15, 2024.

“PACCAR achieved record net income for the third quarter of 2023,” said Preston Feight, chief executive officer. “PACCAR’s third quarter results reflect excellent Truck, Parts and Other gross margins of 19.5% and strong PACCAR Parts profits. PACCAR’s investments in innovative new DAF, Kenworth and Peterbilt trucks and enhanced manufacturing efficiency are benefiting truck owners’ operating performance and delivering strong financial results. PACCAR Parts’ excellent performance is the result of providing industry-leading technology that enhances customer uptime. PACCAR Financial Services achieved strong results due to its high quality portfolio. I am very proud of our employees for producing the highest quality trucks and transportation solutions for our customers.”

PACCAR Inc’s Board of Directors today declared a regular quarterly cash dividend of twenty-seven cents ($.27) per share, payable on December 6, 2023, to stockholders of record at the close of business on November 15, 2023.

PACCAR Inc’s Board of Directors today approved an increase of 8% in the regular quarterly cash dividend from twenty-five cents ($.25) per share to twenty-seven cents ($.27) per share. The dividend will be payable on September 7, 2023, to stockholders of record at the close of business on August 17, 2023.

PACCAR Inc’s Board of Directors today declared a regular quarterly cash dividend of twenty-five cents ($.25) per share, payable on June 7, 2023, to stockholders of record at the close of business on May 17, 2023.

“PACCAR reported record revenues and excellent net income in the first quarter of 2023,” said Preston Feight, chief executive officer. “PACCAR’s results reflect ongoing strong demand for premium quality DAF, Peterbilt and Kenworth trucks, aftermarket parts and financial services worldwide. I am very proud of our employees and dealers who have delivered outstanding trucks and transportation solutions to our customers.”

PACCAR announced today that it has made a minority equity investment in its connected truck partner, Platform Science. This strategic investment complements the partnership recently launched by PACCAR and Platform Science to integrate Platform Science’s Virtual Vehicle technology with the PACCAR Connect telematics system.

“PACCAR reported record annual revenues and net income in 2022,” said Preston Feight, chief executive officer. “PACCAR’s excellent results reflect the strong demand for premium quality DAF, Peterbilt and Kenworth new truck models worldwide, record aftermarket parts profits and strong financial services performance. I am very proud of our employees and dealers who have delivered outstanding trucks and transportation solutions to our customers.”

PACCAR Inc’s Board of Directors today declared a 50 percent stock dividend of the Company’s common stock (i.e., one additional share for each two shares held). The new shares will be issued on February 7, 2023, to stockholders of record at the close of business on January 17, 2023. “PACCAR has earned a net profit for 83 consecutive years and paid a dividend every year since 1941,” said Mark Pigott, PACCAR executive chairman. “PACCAR has generated excellent shareholder returns due to its focus on the profitable growth of its business segments including premium quality trucks, aftermarket parts and financial services.”

PACCAR Inc’s Board of Directors today declared an extra cash dividend of two dollars and eighty cents ($2.80) per share, payable on January 5, 2023, to stockholders of record at the close of business on December 16, 2022.

“PACCAR achieved record net income for the third quarter of 2022,” said Preston Feight, chief executive officer. “PACCAR’s third quarter results reflect the strong demand for premium, fuel-efficient DAF, Peterbilt and Kenworth new truck models and record PACCAR Parts results. PACCAR Parts reported record quarterly sales and profits due to industry-leading technology and logistics performance that enhanced customer uptime. PACCAR Financial Services delivered excellent results due to its high quality portfolio and strong used truck prices. I am very proud of our employees for delivering the highest quality trucks and transportation solutions to our customers.”

PACCAR Inc’s Board of Directors today approved an increase of 9% in the regular quarterly cash dividend from thirty-four cents ($.34) per share to thirty-seven cents ($.37) per share. The dividend will be payable on December 6, 2022, to stockholders of record at the close of business on November 15, 2022.

PACCAR will work with Cummins Inc. to offer the new Cummins X15N natural gas engine in Kenworth and Peterbilt trucks. The X15N is the first natural gas engine to be specifically designed for heavy-duty truck applications with up to 500 horsepower output. The engine will include the integration of the Cummins Clean Fuel Technologies fuel delivery system.

“PACCAR achieved record revenues and net income in the second quarter of 2022 due to increased deliveries of new truck models, excellent gross margins and record PACCAR Parts results,” said Preston Feight, chief executive officer. “PACCAR Parts achieved record quarterly sales and profits due to high truck utilization and industry-leading logistics performance that enhanced customer uptime. PACCAR Financial Services delivered excellent profitability due to its high quality portfolio and strong used truck prices. I am very proud of our employees for delivering the highest quality trucks and transportation solutions to our customers.”

PACCAR Inc’s Board of Directors today declared a regular quarterly cash dividend of thirty-four cents ($.34) per share, payable on September 7, 2022, to stockholders of record at the close of business on August 17, 2022.

PACCAR Inc’s Board of Directors today declared a regular quarterly cash dividend of thirty-four cents ($.34) per share, payable on June 1, 2022, to stockholders of record at the close of business on May 11, 2022.

“PACCAR reported excellent revenues and net income for the first quarter of 2022,” said Preston Feight, chief executive officer. “PACCAR Parts achieved record quarterly sales and profits as its outstanding operational performance enhanced uptime for customers. PACCAR Financial Services delivered record profitability due to excellent portfolio quality, strong new business volume and high used truck prices. I am very proud of our employees and their dedication to delivering the highest quality products and services to our customers.”

“PACCAR reported very good annual revenues and net income in 2021,” said Preston Feight, chief executive officer. “PACCAR’s results reflect record aftermarket parts and financial services profits. Customer demand for the new Kenworth, Peterbilt and DAF trucks introduced in 2021 is very strong. Kenworth, Peterbilt and DAF delivered 47,600 trucks in the fourth quarter, 45% higher than in the third quarter, reflecting an improvement in the global supply chain. I am very proud of our employees who have delivered outstanding trucks and transportation solutions to our customers while demonstrating the highest commitment to health and safety.”

PACCAR leads the industry in electric, connected and autonomous commercial vehicles, and is exhibiting three vehicles with these innovative technologies at CES, the world’s largest showcase for technological innovation. The three vehicles include a battery electric Kenworth T680E along with its PACCAR battery charger; the DAF XG+, which recently was honored as International Truck of the Year 2022, featuring state-of-the-art connected services; and a Peterbilt Model 579 equipped with the Aurora self-driving system. Visitors are welcome to explore these advanced vehicles at PACCAR’s booth, near the Convention Center monorail station.

PACCAR Inc’s Board of Directors today declared a regular quarterly cash dividend of thirty-four cents ($.34) per share, payable on March 1, 2022, to stockholders of record at the close of business on February 8, 2022. The Board of Directors declared an extra cash dividend in the amount of one dollar and fifty cents ($1.50) per share, payable on January 5, 2022, to stockholders of record at the close of business on December 17, 2021.

PACCAR was honored as a 2021 “Top Company for Women to Work for in Transportation,” and three PACCAR executives were recognized for their industry leadership, by the Women in Trucking Association (“WIT”). WIT is a non-profit organization that encourages the employment and promotes the accomplishments of women in the trucking industry.

“PACCAR reported good revenues and net income for the third quarter of 2021,” said Preston Feight, chief executive officer. “PACCAR’s third quarter results reflect PACCAR Parts and PACCAR Financial Services record profits. Customer demand for the new Kenworth, Peterbilt and DAF trucks introduced this year is very strong. Kenworth, Peterbilt and DAF delivered 32,800 trucks in the third quarter even as the ongoing industry-wide undersupply of semiconductors reduced PACCAR’s truck deliveries by approximately 7,000 vehicles. PACCAR expects global truck production to improve as supply chain deliveries are resolved. I am very proud of our employees for delivering the highest quality products and services to our customers.”

The ongoing global semiconductor shortage continues to affect some industries including the automotive sector. The semiconductor shortage has reduced PACCAR’s truck deliveries in the third quarter of 2021 by approximately 7,000 vehicles. PACCAR’s third quarter 2021 truck deliveries are estimated to be approximately 33,000 vehicles, compared to 40,100 vehicles delivered in the second quarter of 2021.

PACCAR has teamed up with Aurora, a leading autonomous driving technology company, and FedEx, one of the largest transportation and logistics companies in the world, to launch a commercial pilot of autonomous trucks in linehaul trucking operations. This is the first collaboration of its kind between a truck manufacturer, an autonomous technology developer and a logistics provider.

PACCAR Inc’s Board of Directors today declared a regular quarterly cash dividend of thirty-four cents ($.34) per share, payable on December 7, 2021, to stockholders of record at the close of business on November 16, 2021.

“PACCAR achieved very good revenues and net income in the second quarter of 2021,” said Preston Feight, chief executive officer. “PACCAR Parts achieved record quarterly sales and profits due to strong industry truck utilization, an increased number of Kenworth, Peterbilt and DAF trucks with the PACCAR Powertrain, and the growth of PACCAR Parts’ e-commerce platform. PACCAR Financial Services earned record quarterly profits due to excellent portfolio quality and strong used truck demand. I am very proud of our employees for delivering the highest quality products and services to our customers.”

PACCAR Inc’s Board of Directors today declared a regular quarterly cash dividend of thirty-four cents ($.34) per share, payable on September 8, 2021, to stockholders of record at the close of business on August 18, 2021.

PACCAR Inc’s Board of Directors today approved an increase of 6% in the regular quarterly cash dividend from thirty-two cents ($.32) per share to thirty-four cents ($.34) per share. The dividend will be payable on June 2, 2021, to stockholders of record at the close of business on May 12, 2021.

“PACCAR (Nasdaq: PCAR) reported very good revenues and net income for the first quarter of 2021,” said Preston Feight, chief executive officer. “PACCAR Parts achieved record quarterly sales and profits due to robust freight activity, high truck utilization, investments in distribution and innovative technology such as its e-commerce platform. PACCAR Financial Services increased its profitability due to excellent portfolio quality and strong used truck demand. I am very proud of our employees and their dedication to delivering the highest quality products and services to our customers.”