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PACCAR reports record revenues of $35B, net income of $5B in 2023

BELLEVUE, Wash. PACCAR achieved record-breaking annual revenues and net income for 2023, said company CEO Preston Feight in a Jan. 23, 2024, release. ....

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PACCAR Achieves Record Annual Revenues and Net Income

“PACCAR reported record annual revenues and net income in 2023,” said Preston Feight, chief executive officer. “PACCAR’s excellent results reflect record deliveries of premium quality DAF,. ....

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PACCAR beats quarterly profit, revenue estimates on demand for newer truck models

Shares of the U.S. truck maker were up 1.5% in premarket trading. The company, which makes trucks under the Kenworth, Peterbilt and DAF brand names, saw a growing demand for its hydrogen fuel cell and battery-powered vehicles as more consumers shifted to electric vehicles and emission-free engines. PACCAR's order book remains strong as demand for industrial equipment in the U.S. has gotten a boost from the Biden administration's $1.2 trillion push to improve transportation and infrastructure. ....

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PACCAR Achieves Record Annual Revenues and Net Income | Consumer Electronics Net

PACCAR Achieves Record Annual Revenues and Net Income | Consumer Electronics Net
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Paccar 4Q Net Rises on Robust Demand for Heavy Trucks

By Rob Curran Paccar's fourth-quarter net income rose 54% as demand for its semi-tractor trucks increased worldwide, reflecting replacement of aging fleets,. ....

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