PACCAR Inc. - Common Stock (PCAR)

“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.

Amplify Cell Technologies, a joint venture between Accelera, Daimler Trucks & Buses US Holding LLC and PACCAR, recently broke ground at its new battery cell manufacturing plant in Marshall County, Mississippi.

Accelera by Cummins, the zero-emissions business unit of Cummins Inc. [NYSE: CMI], Daimler Trucks & Buses US Holding LLC [a Daimler Truck Group Company; DAX: DTR0CK; “Daimler Truck”] and PACCAR [NASDAQ: PCAR] have completed the formation of their joint venture, now known as Amplify Cell Technologies, to localize battery cell production and the battery supply chain in the United States. This strategic collaboration will advance zero-emissions technology for electric commercial vehicles and industrial applications. Amplify will soon begin construction of a 21-gigawatt hour (GWh) factory in Marshall County, Miss., with potential for further expansion as demand grows. The factory is expected to create more than 2,000 U.S. manufacturing jobs and is targeting the start of production in 2027.

Accelera by Cummins, Daimler Trucks & Buses US Holding LLC and PACCAR have completed the formation of their joint venture, now known as Amplify Cell Technologies, to localize battery cell production and the battery supply chain in the United States. This strategic collaboration will advance zero-emissions technology for electric commercial vehicles and industrial applications. Amplify will soon begin construction of a 21-gigawatt hour (GWh) factory in Marshall County, Miss., with potential for further expansion as demand grows. The factory is expected to create more than 2,000 U.S. manufacturing jobs and is targeting the start of its production operations in 2027.

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 excellent revenues and net income in the first quarter of 2024,” said Preston Feight, chief executive officer. “PACCAR’s results reflect ongoing demand for premium quality DAF, Peterbilt and Kenworth trucks, aftermarket parts and financial services. I am very proud of our employees and dealers who have delivered outstanding trucks and transportation solutions to our customers.”

Shares of PACCAR Inc. (NASDAQPCAR) traded at a new 52-week high today and are currently trading at $119.13. So far today, approximately 100.31k shares have been exchanged, as compared to an average 30-day volume of 2.11M shares.

PACCAR utilizes its comprehensive Supplier Performance Management Program (SPM) to evaluate supplier achievements in the areas of product development, operations and aftermarket support, and alignment with PACCAR’s key business objectives.

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“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 will exhibit its next generation of commercial vehicles that feature advanced, customer-focused technologies at the annual Consumer Electronics Show in Las Vegas. CES 2024 runs from January 9-12, with PACCAR’s exhibit located in booth #3501, West Hall of the Las Vegas Convention Center.

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.