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Stock impact report

PACCAR Achieves Excellent Financial Performance [Yahoo! Finance]

PACCAR Inc. (PCAR) 
Last paccar inc. earnings: 1/28 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: paccar.com/investors
Company Research Source: Yahoo! Finance
"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." PACCAR achieved quarterly revenues of $8.74 billion in the first quarter of 2024, compared to the $8.47 billion reported in the same period in 2023. The company achieved net income of $1.20 billion ($2.27 per diluted share) in the first quarter of 2024. PACCAR reported net income of $733.9 million ($1.40 per diluted share) in the first quarter last year, including a $446.4 million after-tax, non-recurring charge related to civil litigation in Europe. Excluding the non-recurring charge, the company earned adjusted net income (non-GAAP) of $1.18 billion ($2.25 per diluted share) in the first quarter of 2023. Feight added, "PACCAR's long-term investments in new truck models, advanced manufacturing and technology-enable Show less Read more
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