PACCAR has reported its fourth-quarter earnings for 2024, achieving earnings of $1.68 per share, exceeding the Zacks Consensus Estimate of $1.66, although this marks a decline from the $2.70 per share reported in the previous year. The company’s consolidated revenues totaled $7.9 billion, down from $9 billion in Q4 2023. Notably, truck, parts, and other sales accounted for $7.36 billion of this revenue.

Looking ahead to 2025, PACCAR anticipates a capital expenditure budget between $700 million and $800 million, along with research and development expenses projected to range from $460 million to $500 million. Despite the decline in both profit and revenue over the past year, PACCAR remains committed to investing in the commercial vehicle sector, which may position them well for future growth.

Investors should watch PACCAR's strategic decisions and investments throughout 2025, especially in R&D and capital expenditures, as these could be critical in bolstering the company's market position amid ongoing challenges.

PACCAR Reports Q4 2024 Earnings of $1.68 per Share, Exceeding Estimates Despite Revenue Decline

PACCAR has released its earnings report for the fourth quarter of 2024, revealing key figures that investors should consider. The company reported earnings of $1.68 per share, which slightly exceeded the Zacks Consensus Estimate of $1.66. However, this figure represents a notable decline from $2.70 per share reported in the same quarter last year.

In terms of financial performance, PACCAR's consolidated revenues totaled $7.9 billion, down from $9 billion in the fourth quarter of 2023. A substantial portion of this revenue, approximately $7.36 billion, came from truck, parts, and other sales. This decline in revenues indicates challenging market conditions relative to the previous year.

Looking ahead to 2025, PACCAR has outlined its financial expectations, anticipating capital expenditures in the range of $700-$800 million. The company also plans to invest between $460-$500 million in research and development. Despite lower earnings and revenues, PACCAR continues to focus on future investments and growth opportunities within the commercial vehicle sector, positioning itself for potential recovery and advancement in a competitive industry.

These insights should help investors weigh their options regarding PACCAR, especially as the company navigates a tougher economic landscape while maintaining its commitment to innovation and expansion.

PACCAR Reports Q4 2024 Earnings of $1.68 per Share, Exceeding Estimates but Lowering Year-Over-Year Revenue Expectations

PACCAR Inc is a global leader in the design and manufacturing of premium commercial vehicles, including trucks and related parts. The company's mission is to deliver innovative and sustainable transportation solutions that enhance the productivity and profitability of its customers. PACCAR's strategy focuses on leveraging advanced technology, such as electric and autonomous vehicles, while maintaining a commitment to quality and customer service. With a strong operational presence in North America, Europe, and Asia, PACCAR continues to expand its market reach and invest in research and development to drive future growth and efficiency in the trucking industry.

PACCAR INC