PACCAR Inc. ( PCAR ) shares are trading lower on Tuesday. The company reported fourth-quarter earnings per share of $1.66, missing the street view of $1.69. Quarterly sales of $7.36 billion missed the analyst consensus estimate of $7.62 billion.

“Infrastructure spending is driving steady demand for Kenworth and Peterbilt’s industry-leading vocational trucks,” said Laura Bloch, PACCAR ( PCAR ) senior vice president. “The less-than-truckload segment is also performing well.”

For the fourth quarter of 2024, PACCAR ( PCAR ) reported a net income of $872.0 million. PACCAR Parts generated revenue of $1.67 billion, with a pretax income of $428.2 million.

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PACCAR Financial Services achieved a pretax income of $104.0 million. The company also reported operating cash flow totaling $1.45 billion.

PACCAR ( PCAR ) invested $796 million in capital projects and $453 million in research and development expenses in 2024.

Kevin Baney, PACCAR ( PCAR ) executive vice president, added, “Kenworth, Peterbilt and DAF trucks deliver premium quality, industry-leading fuel efficiency and low operating costs to our customers. PACCAR ( PCAR ) is investing in the next generation of diesel and alternative powertrains, and aftermarket transportation solutions, that enable customers to achieve their operational and environmental goals.”

PACCAR ( PCAR ) declared cash dividends of $4.17 per share, which included a $3.00 per share year-end cash dividend paid on January 8, 2025.

In December 2024, PACCAR ( PCAR ) announced a 10% increase to its regular quarterly cash dividend to 33 cents per share, payable on March 5, 2025.

The company estimates that it will invest $700 million-$800 million in capital projects and $460 million-$500 million in research and development expenses in 2025.

Price Action: PCAR stock is down 1.87% at $107.85 at last check Tuesday.

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