PACCAR Inc

PCAR: XNAS (USA)

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Paccar Earnings: Margins Take a Hit as Slowdown in Truck Sales Persists

Matthew Young ,

Oct 22, 2024

Paccar’s third-quarter truck, parts, and other revenue fell 6% year over year to $7.7 billion, below our expectations. This signifies a considerable slowdown from robust 22% growth in full-year 2023 due in part to the US truckload industry pullback and resulting normalization in new heavy-duty truck orders.

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PACCAR Inc

Paccar Earnings: Margins Take a Hit as Slowdown in Truck Sales Persists

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