Paccar Inc. is a leading global manufacturer and designer of heavy-duty trucks, primarily focusing on commercial vehicles under well-known brands such as Peterbilt, Kenworth, and DAF
The company also provides comprehensive after-sales support, including parts and services for its trucks. Beyond its core business in truck production, Paccar has a presence in financial services, offering financing solutions for dealerships and customers to facilitate the acquisition of their vehicles. With a commitment to technology and sustainability, Paccar actively invests in innovations such as electric and autonomous vehicle development, enhancing its position in the evolving transportation landscape.
Trucking company PACCAR (NASDAQPCAR) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 14.3% year on year to $7.36 billion. Its GAAP profit of $1.66 per share was 1.5% below analysts’ consensus estimates.
“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.”
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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.
Trump-era shifts may accelerate autonomous vehicles, benefiting stocks like Mobileye, Ouster, and Aurora with opportunities in the growing AI-driven market.
