PCAR - Why Truck Manufacturer PACCAR Shares Are Up Today | Benzinga
PACCAR Inc (NASDAQ:PCAR) shares are trading higher after it reported fourth-quarter FY23 sales of $8.59 billion, beating the consensus of $8.35 billion.
PACCAR Financial Services revenues rose to $484.8 million from $394.8 million a year ago. EPS of $2.70 beat the analyst consensus of $2.22.
Globally, the company delivered a record of 204,200 vehicles in the year. The company witnessed Class 8 truck industry retail sales in the U.S. and Canada of 297,000 units in 2023.
PACCAR invested $698 million in capital projects and $411 million in ...