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By John Millar
Posted about 2 months ago
PACCAR Achieves Good Quarterly Revenues and Profits
“PACCAR delivered good revenues and net income in the third quarter of 2025. Peterbilt, Kenworth and DAF’s excellent trucks contributed to the good results,” said Preston Feight, chief executive officer.
“PACCAR Parts and PACCAR Financial Services continued to deliver excellent performance and strong profits. I am very proud of our employees and dealers who delivered outstanding trucks and transportation solutions to our customers.”
PACCAR achieved net income of $590.0 million ($1.12 per diluted share) in the third quarter of this year compared to $972.1 million ($1.85 per diluted share) earned in the same period last year. Third quarter revenues were $6.67 billion, compared to $8.24 billion reported in the third quarter of 2024.
PACCAR’s net income in the first nine months of 2025 was $1.82 billion ($3.45 per diluted share), including the $264.5 million after tax non-recurring charge related to civil litigation in Europe. PACCAR achieved adjusted net income (non-GAAP)[1] of $2.08 billion ($3.95 per diluted share) in the first nine months of 2025. Net sales and financial services revenues for the first nine months of 2025 were $21.62 billion.
Feight added, “The new Section 232 truck tariffs that are scheduled to begin in November should bring clarity to the market in the coming months. PACCAR is proud to produce over 90% of its U.S. sold trucks in Texas, Ohio and Washington.”
Financial Highlights – Third Quarter 2025
Highlights of PACCAR’s financial results for the third quarter of 2025 include:
PACCAR’s net income in the first nine months of 2025 was $1.82 billion ($3.45 per diluted share), including the $264.5 million after tax non-recurring charge related to civil litigation in Europe. PACCAR achieved adjusted net income (non-GAAP)[1] of $2.08 billion ($3.95 per diluted share) in the first nine months of 2025. Net sales and financial services revenues for the first nine months of 2025 were $21.62 billion.
Feight added, “The new Section 232 truck tariffs that are scheduled to begin in November should bring clarity to the market in the coming months. PACCAR is proud to produce over 90% of its U.S. sold trucks in Texas, Ohio and Washington.”
Financial Highlights – Third Quarter 2025
Highlights of PACCAR’s financial results for the third quarter of 2025 include:
- Consolidated net sales and revenues of $6.67 billion.
- Consolidated net income of $590.0 million.
- Global truck deliveries of 31,900 units.
- Record PACCAR Parts revenues of $1.72 billion.
- PACCAR Parts pretax income of $410.0 million.
- PACCAR Financial Services pretax income of $126.2 million.
- Capital investments of $156.0 million and R&D expenses of $111.0 million.
- Cash generated from operations of $1.53 billion.
Financial Highlights – Nine Months 2025
Highlights of PACCAR’s financial results for the first nine months of 2025 include:
Highlights of PACCAR’s financial results for the first nine months of 2025 include:
- Consolidated net sales and revenues of $21.62 billion.
- Consolidated net income of $1.82 billion and adjusted net income of $2.08 billion.
- PACCAR Parts pretax income of $1.25 billion.
- PACCAR Financial Services pretax income of $370.5 million.
- Capital investments of $549.0 million and R&D expenses of $339.3 million.
- Cash generated from operations of $3.27 billion.
Global Truck Markets
U.S. and Canada Class 8 truck industry retail sales in 2025 are estimated to be in a range of 230,000-245,000 vehicles. Class 8 truck industry retail sales for 2026 are expected to increase to a range of 230,000-270,000 vehicles. “Kenworth and Peterbilt’s 30.3% market share this year reflects the superior quality and operating performance of our trucks,” said Kevin Baney, PACCAR executive vice president.
U.S. and Canada Class 8 truck industry retail sales in 2025 are estimated to be in a range of 230,000-245,000 vehicles. Class 8 truck industry retail sales for 2026 are expected to increase to a range of 230,000-270,000 vehicles. “Kenworth and Peterbilt’s 30.3% market share this year reflects the superior quality and operating performance of our trucks,” said Kevin Baney, PACCAR executive vice president.
European truck industry registrations in the above 16-tonne segment are estimated to be in the range of 275,000-295,000 trucks this year, and in the range of 270,000-300,000 trucks in 2026. “DAF trucks’ aerodynamic, fuel-efficient vehicles and unparalleled driver comfort improves customers’ operational performance,” said Bart Bosmans, DAF sales director. “The DAF XF truck was named ‘Fleet Truck of the Year’ at the prestigious Motor Transport Awards ceremony in London in the third quarter, with one judge noting a 7-8% higher fuel efficiency over competitors’ trucks in his fleet.”
The South American above 16-tonne truck market is projected to be in a range of 95,000-105,000 units this year, and in a similar range in 2026. Lance Walters, PACCAR assistant vice president of South America, noted, “South American customers appreciate DAF and Kenworth trucks’ industry-leading durability and reliability.”
