PACCAR IncPCAR
▲ PositiveDemandrelevance
Strong orders and improved freight rates drove higher build rates and record parts revenue, indicating firm demand for Class 8 trucks.
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PACCAR IncPACCAR 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.
PACCAR IncStrong orders and improved freight rates drove higher build rates and record parts revenue, indicating firm demand for Class 8 trucks.