Actionable Stock Market Trading Newswire. Built for Traders, by Traders.
All news is property of their respective owners.

PACCAR Beats On Q1 Driven By Good Freight Markets & Strong Customer Demand

PACCAR Inc (NASDAQ:PCAR) reported first-quarter FY23 sales growth of 31% year-on-year to $8.47 billion, beating the consensus of $7.71 billion. Revenues…
byShivani Kumaresan
April 25, 2023
1 minute read
Total
0
Shares
0
0
0
0
0
0
  • PACCAR Inc (NASDAQ:PCAR) reported first-quarter FY23 sales growth of 31% year-on-year to $8.47 billion, beating the consensus of $7.71 billion.
  • Revenues from Financial Services rose 15.6% to $423.2 million.
  • Revenue from U.S. and Canada rose 34% Y/Y to $5 billion, and Europe grew 21.5% to $2.3 billion.
  • The company held $5.9 billion in cash and equivalents as of March 31, 2023. Cash provided by operating activities for the quarter totaled $684.8 million.
  • Adjusted EPS of $2.25 beat the analyst consensus of $1.81.
  • “PACCAR’s results reflect ongoing strong demand for premium quality DAF, Peterbilt and Kenworth trucks, aftermarket parts and financial services worldwide,” said CEO Preston Feight.
  • Price Action: PCAR shares are trading higher by 1.15% at $74.62 on the last check Tuesday.
  • Photo Via Company
 
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
Share 0
Related Posts
Read More

Victoria’s Secret & Co. Presents Strategic Growth Plan Designed To Strengthen The Core, Ignite Growth And Transform The Foundation; Earnings To Be Towards The High End Of Its Previously Communicated Guidance Range Of $10M-$40M, Adj. EPS Of $0.00-$0.25

By Benzinga Newsdesk
October 12, 4:15 PM
Third Quarter 2022 Financial Guidance Update Based on quarter to date trends and expectations for the balance of the quarter, the Company now estimates third quarter 2022 operating income to be

VSCO