PCAR - PACCAR GAAP EPS of $2.64 beats by $0.44 revenue of $8.13B beats by $970M
- PACCAR press release ( NASDAQ: PCAR ): Q4 GAAP EPS of $2.64 beats by $0.44 .
- Revenue of $8.13B (+21.5% Y/Y) beats by $970M .
- PACCAR Parts revenue of $1.47 billion.
- Record PACCAR Parts pretax income of $379.5 million.
- Record PACCAR Financial Services pretax income of $151.3 million.
- Cash provided by operations of $1.25 billion.
- “Good freight markets and an increased fleet age are driving strong demand for fuel-efficient Kenworth and Peterbilt trucks. Class 8 truck industry retail sales in the U.S. and Canada were 283,500 units in 2022. Kenworth and Peterbilt achieved market share of 29.8% in 2022 compared to 29.2% in 2021,” said Darrin Siver, PACCAR executive vice president.
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PACCAR GAAP EPS of $2.64 beats by $0.44, revenue of $8.13B beats by $970M