Electrification & Mobility▲
UPS Declines to Raise Domestic Guidance While PACCAR Lifts H2 Truck Delivery Forecast
UPS declined to guide its domestic business meaningfully higher for the second half of the year, unsettling Wall Street despite resilient consumer freight demand and robust volumes across the broader market. Portfolio manager Chris Frusciante called the restrained outlook a red flag, noting that Amazon's expansion into business freight and delivery through its Flex service continues to raise questions about UPS's long-term volume trajectory. UPS attempted to frame its second-quarter results by arguing that, excluding volumes it intentionally ceded to the market, it actually grew, but Frusciante dismissed that as trying to put lipstick on a pig. In contrast, PACCAR reported 105,000 heavy trucks delivered in the first half of the year and guided for 145,000 in the second half, a roughly 38% sequential increase, prompting Frusciante to raise his price target on the stock. The 2027 EPA engine mandate is shaping OEM strategy, with PACCAR planning to continue selling current engines through 2026 and gradually phase in compliant 2027 powertrains to avoid a sharp pre-order cliff, while rising capital expenditures at carriers like Werner and TFI point to a mix of fleet replacement and pre-buy activity.
FreightWaves·28dRead more ▾
PACCAR Q2 profit climbs as class 8 truck demand firms
PACCAR reported higher second-quarter profit on essentially flat revenue, with net income of $752 million up 4 percent from a year earlier and 24 percent from the first quarter. Earnings per diluted share reached $1.43, 6 cents higher than a year ago, while revenue of $7.55 billion was up less than 1 percent. The company delivered 38,700 trucks globally, down about 2 percent, with U.S. and Canada deliveries falling to 22,000 units, but record parts revenue of $1.75 billion and a nearly 17 percent increase in truck segment pretax profit drove results. PACCAR put U.S. and Canada Class 8 industry retail sales at 230,000 to 270,000 units for 2026, and noted that build rates increased during the quarter due to strong orders and improved freight rates. The company also highlighted an improving used truck market and an EPA emissions clarification that may aid customer purchasing decisions.
FreightWaves·28dRead more ▾
PCAR▼
Ford, PACCAR, Oshkosh, and Asbury face mixed earnings prospects ahead of Q2 reports
Ford, PACCAR, Oshkosh, and Asbury Automotive are set to report second-quarter 2026 results tomorrow, with none of the four showing a conclusive earnings beat signal according to Zacks Investment Research. Ford carries an Earnings ESP of negative 5.58 percent and a Zacks Rank of 3, with consensus estimates pegging earnings at 33 cents per share on automotive revenues of 45.72 billion dollars, both below year-ago levels. PACCAR has an Earnings ESP of negative 0.05 percent and a Zacks Rank of 3, with consensus earnings of 1.33 dollars per share and Truck, Parts and Other revenues of 7.10 billion dollars. Oshkosh holds an Earnings ESP of negative 1.54 percent and a Zacks Rank of 4, with consensus earnings of 2.60 dollars per share on revenues of 2.57 billion dollars. Asbury Automotive shows an Earnings ESP of negative 0.46 percent and a Zacks Rank of 3, with consensus earnings of 6.30 dollars per share on revenues of 4.46 billion dollars.
Zacks Investment Research·30dRead more ▾
PCAR
PACCAR to report Q2 earnings with flat revenue expected
PACCAR is set to report its quarterly results this Tuesday morning. Analysts expect the trucking company's revenue to be roughly flat year over year, an improvement from the 14.4% decline recorded in the same quarter last year. Last quarter, PACCAR missed revenue expectations with $6.78 billion, down 8.9% year on year, while earnings per share met estimates. The company rarely misses Wall Street's revenue estimates, and analysts have generally reconfirmed their forecasts over the past 30 days. PACCAR's stock is up 10.6% over the last month, heading into earnings with an average analyst price target of $128.44 compared to a current share price of $132.33.
Yahoo Finance·31dRead more ▾
PCAR▲
PACCAR declares $0.35 quarterly dividend
PACCAR has declared a regular quarterly cash dividend of $0.35 per share, matching the previous payout. The dividend is payable on September 2 to shareholders of record as of August 12, with the ex-dividend date also set for August 12.
Seeking Alpha·43dRead more ▾
PCAR▼
Heavy Machinery Stocks' Q1 Earnings: Terex Revenue Up 41.1%, Douglas Dynamics Leads, Lindsay Lags
The heavy machinery industry's first-quarter earnings season saw mixed results among the 21 companies tracked, with aggregate revenues beating analyst estimates by 1.2% while next-quarter guidance was in line. Terex reported revenues of $1.73 billion, a 41.1% year-on-year increase that exceeded expectations by 2.6%, though it missed on EPS and full-year EBITDA guidance. Douglas Dynamics was the best performer, with revenues of $137.8 million up 19.8% year-on-year and beating estimates by 3.4%, alongside the highest full-year guidance raise among peers. Lindsay was the weakest, with revenues of $157.7 million down 15.7% year-on-year and missing estimates by 4.2%, along with significant misses on adjusted operating income and EPS. Other notable results included PACCAR's revenues of $6.78 billion, down 8.9% and slightly below estimates, and Titan International's revenues of $505.1 million, up 2.9% and beating estimates, though it had the weakest guidance update.
StockStory·62dRead more ▾
PCAR▼
StockStory flags PACCAR, Blink Charging, and T. Rowe Price as cash-heavy stocks with warning signs
StockStory identifies PACCAR, Blink Charging, and T. Rowe Price as companies with large net cash positions that also face operational challenges. PACCAR holds $8.60 billion in net cash, equal to 13.9% of its market cap, but its sales fell 11.4% annually over the last two years and earnings per share dropped 30.2% annually over the same period. Blink Charging has a net cash position of $33.19 million, representing 33.9% of its market cap, yet its sales declined 18.7% annually over two years and it faces cash burn and a short runway that could lead to shareholder dilution. T. Rowe Price sits on $3.71 billion in net cash, or 16% of its market cap, while its five-year revenue growth of 2.6% lagged the typical financials company and earnings per share fell 1.4% annually over that stretch.
StockStory·66dRead more ▾