Overview

* Paccar ( PCAR ) Q3 revenue of $6.67 bln beats analyst expectations

* Net income for Q3 was $590 mln, down from $972.1 mln last year

* Company highlights strong performance in parts and financial services divisions

Outlook

* Company projects 2025 capital expenditures of $750-$775 mln

* Company expects 2026 R&D expenses to be $450-$500 mln

* Company sees 2026 U.S. and Canada Class 8 truck industry retail sales at 230,000-270,000 units

Result Drivers

* TRUCK BRANDS - Peterbilt, Kenworth, and DAF trucks contributed to revenue and net income, per CEO Preston Feight

* PARTS AND FINANCIAL SERVICES - Strong performance in PACCAR Parts and Financial Services divisions contributed to profits

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $6.67 $6.37

Revenue bln bln (10

Analysts

)

Q3 EPS $1.12

Q3 Net $590 mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy", 12 "hold" and 2 "sell" or "strong sell"

* The average consensus recommendation for the heavy machinery & vehicles peer group is "buy."

* Wall Street's median 12-month price target for Paccar Inc ( PCAR ) is $102.50, about 4.9% above its October 20 closing price of $97.48

* The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)