Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Paccar    PCAR

PACCAR (PCAR)

Delayed Quote. Delayed  - 06/27 10:00:00 pm
62.8 USD   -0.62%
06/17 PACCAR : Recognizes Supplier Quality Award Winners
06/15 PACCAR : Recognizes Supplier Quality Award Winners
06/15 NASDAQ 100 MOVE : Mat, pcar
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
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
0
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
0
Latest news on PACCAR
06/17 PACCAR : Recognizes Supplier Quality Award Winners
06/15 PACCAR : Recognizes Supplier Quality Award Winners
06/15 NASDAQ 100 MOVERS : Mat, pcar
06/09 PACCAR : Kenworth of Pennsylvania Offers Customers Kenworth Gold Certified Servi..
06/06 NASDAQ 100 MOVERS : Fast, pcar
06/05 PACCAR : Pete 579 EPIQ attains new levels of fuel efficiency. Driver comfort
06/05 PACCAR : Red, White, Blue T680 stars in Kenworth booth at MATS
06/01 PACCAR : Patent Issued for Systems and Methods for Determining Speed Control Man..
05/25 PACCAR : Patent Application Titled "Diesel Oxidation Catalyst with Minimal Plati..
05/23 PACCAR : to build new plant in Texas
More news
Sector news : Heavy Machinery & Vehicles - NEC
06/23DJSAMSUNG ELECTRONICS : Discusses Adding U.S. Factory -- WSJ
06/22DJSAMSUNG ELECTRONICS : in Late-Stage Talks to Open South Carolina Factory
06/05DJHow to Invest in the Hidden Value of Big Trucks -- Heard on the Street
06/02DJDEERE MPANY : Branches Out With Deal for Road-Equipment Maker -- WSJ
06/01DJDEERE MPANY : to Buy German Road Construction Equipment Maker--2nd Update
More sector news : Heavy Machinery & Vehicles - NEC
News from SeekingAlpha
06/15 Terex downgraded to Neutral from Buy at Goldman in valuation call
06/15 PACCAR on watch after Goldman upgrade
06/06 UBS sees 20% upside for PACCAR
06/05 Top Dividend Raises & Cuts For May 2017
05/21 8 DIVIDEND INCREASES : May 15-19, 2017
Advertisement
Financials ($)
Sales 2017 16 335 M
EBIT 2017 1 676 M
Net income 2017 1 293 M
Debt 2017 2 050 M
Yield 2017 2,67%
P/E ratio 2017 17,07
P/E ratio 2018 14,81
EV / Sales 2017 1,48x
EV / Sales 2018 1,40x
Capitalization 22 060 M
More Financials
Chart PACCAR
Duration : Period :
Paccar Technical Analysis Chart | PCAR | US6937181088 | 4-Traders
Full-screen chart
Technical analysis trends PACCAR
Short TermMid-TermLong Term
TrendsNeutralBearishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 22
Average target price 70,4 $
Spread / Average Target 12%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
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
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
PACCAR-1.72%21 958
CATERPILLAR12.26%61 337
DEERE & COMPANY18.40%39 535
KOMATSU LTD4.93%23 893
KUBOTA CORP12.56%20 977
CNH INDUSTRIAL24.38%15 395
More Results