The company achieved quarterly revenues of $7.44 billion (AUD 11.6 billion) in the first quarter of 2025, compared to $8.74 billion (AUD 13.6 billion) reported in the same period in 2024.
The company also reported net income of $505.1 million (AUD 788.2 million) in the first quarter of 2025, including a $264.5 million (AUD 412.8 million) after-tax charge related to civil litigation in Europe.
“PACCAR reported good revenues and net income in the first quarter of 2025,” PACCAR chief executive officer Preston Feight says.
“Peterbilt, Kenworth and DAF delivered good results, PACCAR Parts delivered record revenue and strong profits, and PACCAR Financial Services achieved good results due to its high-quality portfolio.
“I am very proud of our employees and dealers who have delivered outstanding trucks and transportation solutions to our customers.”
PACCAR Parts brought in a record number of revenue totalling $1.69 billion (AUD 2.6 billion), compared to $1.68 billion reported in the same period last year.
PACCAR vice president Bryan Sitko says PACCAR Parts provides aftermarket parts and transportation solutions that deliver greater uptime and profitability for customers.
“PACCARParts’ excellent performance reflects investments in new parts distribution centers (PDCs), TRP all-makes parts and TRP stores, and world-class logistics capabilities,” he says.
PACCAR Parts’ 20 global parts distribution centres support more than 2,000 DAF, Kenworth and Peterbilt sales, parts and service locations, and more than 350 TRP stores.
“The truck industry is in an exciting, dynamic time of technological change. PACCAR’s long-term investments in new truck models, advanced manufacturing and technology-enabled aftermarket solutions will support customers’ and the company’s growth,” Feight says.
Read more ATN:
Centurion and Uniforms 4 Kids: Cross-country collaboration
Volvo Group lauded for ‘smart transport’
2024 Women in Industry winner reflects on achievements