PACCAR (PCAR) Tops Q2 EPS by 24c
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PACCAR Achieves Record Quarterly Revenues and Profits
July 26, 2022 8:00 AM EDTIncreased Deliveries of New Truck Models and Record Parts Performance Drive Results
BELLEVUE, Wash.--(BUSINESS WIRE)-- PACCAR achieved record revenues and net income in the second quarter of 2022 due to increased deliveries of new truck models, excellent gross margins and record PACCAR Parts results, said Preston Feight, chief executive officer. PACCAR Parts achieved record quarterly sales and profits due to high truck utilization and industry-leading logistics performance that enhanced customer uptime. PACCAR Financial Services delivered excellent profitability due to its high quality portfolio and strong used truck prices. I am very proud of our... More
