Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nasdaq  >  Paccar    PCAR

Mes dernières consult.
Most popular
News SummaryMost relevantAll newsSector newsTweets

PACCAR Inc : Paccar 1st-Quarter Net Drops 28% on Lower Revenue

share with twitter share with LinkedIn share with facebook
share via e-mail
04/23/2013 | 02:40pm CEST
   By Saabira Chaudhuri 

Paccar Inc.'s (PCAR) first-quarter earnings sank 28% as the maker of Kenworth and Peterbilt heavy-duty commercial trucks reported a sharp decline in revenue.

Paccar had seen its profits surge in recent quarters on sharply higher truck sales revenue in the U.S. and Canada, as well as growth at its financial-services unit. However in January, the company's bottom line was hit by a slump in revenue in Europe, the U.S. and Canada., and in the latest quarter, U.S. and Canada sales again disappointed.

Overall, revenue from the truck segment declined 23% while parts revenue edged down 1.9%. Revenue at the company's financial services business was a relative bright spot, rising 12% to $293.1 million.

"Paccar's truck segment results compared to last year reflect a decline in industry truck sales in North America due to slower economic growth," Chief Executive Mark Pigott said.

Paccar reported a quarterly profit of $236.1 million, or 67 cents a share, versus $327.3 million, or 91 cents a share, a year earlier.

Truck and other sales fell 20% to $3.63 billion.

Analysts polled by Thomson Reuters most recently forecast earnings of 69 cents on truck and other sales of $3.72 billion.

Geographically, sales were down 25% in the U.S. and Canada, but rose 1% in Europe.

Shares closed Monday at $49.04 and were inactive in recent premarket trading. The stock has risen 17% in the past 12 months.

Write to Saabira Chaudhuri at [email protected]

Order free Annual Report for PACCAR, Inc.

Visit http://djnweurope.ar.wilink.com/?ticker=US6937181088 or call +44 (0)208 391 6028

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on PACCAR
10/05 PACCAR : Researchers Submit Patent Application, "Cyclonic Thermal Diffuser and M..
10/04 PACCAR : FAA Considers Proposal from Burlington, Washington to Release Airport L..
10/04 PACCAR : Public Notice for Land Release; Skagit Regional Airport, Burlington, WA
09/29 PACCAR : September Marks Milestone for The Larson Group
09/28 PACCAR : Patent Issued for Vocational Hood Latch Assembly (USPTO 9765555)
09/28 PACCAR : Patent Issued for Self-Stowing Rectangular Pontoon Trailer Skirts (USPT..
09/22 ERIN LUKE : Fleet Sales Administration Manager at Peterbilt Motors Co.
09/14 PACCAR INC (NASDAQ : PCAR) Files An 8-K Submission of Matters to a Vote of Secur..
09/13 PACCAR : Submission of Matters to a Vote of Security Holders (form 8-K/A)
09/12 PACCAR : Declares Regular Quarterly Cash Dividend
More news
News from SeekingAlpha
10/18 Increase in Class 8 truck build rates
10/03 UBS sees positive trend for PACCAR
09/12 PACCAR declares $0.25 dividend
09/05 Tesla seen disrupting truck pricing
08/11 The Case For North American Cyclical Stocks
Financials ($)
Sales 2017 17 355 M
EBIT 2017 1 810 M
Net income 2017 1 424 M
Debt 2017 1 410 M
Yield 2017 2,36%
P/E ratio 2017 18,07
P/E ratio 2018 16,30
EV / Sales 2017 1,55x
EV / Sales 2018 1,45x
Capitalization 25 545 M
Duration : Period :
Paccar Technical Analysis Chart | PCAR | US6937181088 | 4-Traders
Technical analysis trends PACCAR
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 76,5 $
Spread / Average Target 5,2%
EPS Revisions
Ronald E. Armstrong Chief Executive Officer & Director
Mark Charles Pigott Executive Chairman
Harrie C. A. M. Schippers Chief Financial Officer & Executive Vice President
A. Lily Ley Chief Information Officer & Vice President
Charles R. Williamson Lead Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
PACCAR13.76%25 545
KOMATSU LTD33.40%30 399
KUBOTA CORP22.36%22 293
CNH INDUSTRIAL21.36%16 270
KION GROUP42.28%10 657