PACCAR Inc

PCAR: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$15.00	Kbtks	Pxbqqdjd

Paccar Earnings: Fourth-Quarter Sales and Profits Close at Strong Levels; We See Moderation in 2024

Dawit Woldemariam

Jan 23, 2024

Paccar increased sales by 11% year on year (excluding financial services) to nearly $8.6 billion in the fourth quarter. Truck sales were up over 11%, while parts sales grew over 9%. Segment operating margins were relatively close to what the company reported last quarter. Operating margins for the truck segment came in at 14.3% and 26.9% for the parts business.

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