PACCAR GAAP EPS of $2.07 beats by $0.23, revenue of $7.16B beats by $590M

Jul. 26, 2022 8:04 AM ETPACCAR Inc (PCAR)By: Niloofer Shaikh, SA News Editor1 Comment
  • PACCAR press release (NASDAQ:PCAR): Q2 GAAP EPS of $2.07 beats by $0.23.
  • Revenue of $7.16B (+22.6% Y/Y) beats by $590M.
  • Global truck deliveries of 46,900 units.
  • “Strong freight tonnage, excellent industry truck utilization and ongoing customer demand for new Kenworth and Peterbilt trucks highlighted the second quarter. Customers appreciate the enhanced fuel efficiency and advanced technology in Kenworth and Peterbilt’s new heavy- and medium-duty trucks,” commented Darrin Siver, senior vice president. Class 8 industry retail sales in the U.S. and Canada are estimated to be in a range of 260,000-290,000 trucks this year. Kenworth and Peterbilt’s Class 8 retail sales market share is 29.4% year-to-date.

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