Paccar's Revenue Drops 14% in Q2
Paccar (NASDAQ:PCAR), the U.S.-based maker of Kenworth, Peterbilt, and DAF commercial trucks, reported its second-quarter results on July 22, 2025. The most important news: the company surpassed analyst forecasts for both profit and revenue (GAAP) in Q2 2025. Earnings per share (GAAP) came in at $1.37 compared to the estimate of $1.29, while revenue (GAAP) reached $7.51 billion versus the $7,001.8 million consensus. Still, each metric fell significantly from last year, with net income (GAAP) at $723.8 million, a 35.5% decrease compared to Q2 2024. The quarter highlights a company navigating a cyclical industry downturn and higher costs, but with stability from its Parts and Financial Services businesses.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report.
Paccar is a leading global manufacturer of heavy-duty and medium-duty trucks, operating mainly through its Kenworth, Peterbilt, and DAF brands. Its vehicles are key for long-haul freight, construction and vocational purposes. In addition, the company supplies aftermarket parts and offers financing and leasing through its financial services arm. Products such as Kenworth trucks, Peterbilt trucks, and DAF heavy vehicles are sold in North America, Europe, and select global markets.
Source Fool.com
