Last $64.30 USD
Change Today +0.75 / 1.18%
Volume 1.1M
PCAR On Other Exchanges
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As of 8:10 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

paccar inc (PCAR) Key Developments

PACCAR Inc. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Capital Expenditure Guidance for the Year 2014

PACCAR Inc. reported consolidated earnings results for the second quarter and six months ended June 30, 2014. The company earned $319.2 million or $0.90 per diluted share for the second quarter of 2014, an increase of 9% compared to $291.6 million or $0.82 per diluted share earned in the second quarter of 2013. Second quarter net sales and financial services revenues were $4.57 billion, a 6% increase compared to $4.30 billion in the second quarter of 2013. Total income before income taxes was $481.0 million against $432.9 million reported last year. Cash generated from operations of $555.1 million. For the first six months of 2014, PACCAR reported net income of $593.1 million or $1.67 per diluted share compared to $527.7 million or $1.49 per diluted share in 2013, an increase of 12%. Net sales and financial services revenues for the first six months of 2014 were $8.95 billion, 9% higher than the $8.22 billion last year. Total income before income taxes was $887.5 million against $770.1 million reported last year. Net cash provided by operating activities was $840.8 million against $1,152.6 million reported last year. Payments for property, plant and equipment were $158.0 million against $269.7 million reported last year. Capital investments of $250-$300 million and R&D expenses of $200-$225 million are targeted in 2014 for enhanced powertrain development and increased operating efficiency of PACCAR assembly facilities.

PACCAR Parts Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Plans to Begin Construction of Foot Distribution Center in Renton, Washington

PACCAR Parts reported earnings results for the second quarter and six months ended June 30, 2014. The company generated record quarterly revenues of $778.0 million in the second quarter of 2014, a 10% increase compared to $709.5 million of revenues achieved in the second quarter of 2013. Second quarter 2014 pre-tax income was $126.7 million, an increase of 16% compared to the $109.4 million earned in the second quarter of 2013. For the first half revenues were up 9% to $1.50 billion, compared to $1.38 billion for the same period last year. Pretax profit increased 17% to $238.8 million in the first six months of 2014, compared to $204.7 million in the first six months of 2013. PACCAR Parts is planning to begin construction of a new 176,000 square-foot distribution center in Renton, Washington in the fourth quarter 2014. This new facility will more than double the distribution capacity for dealers and customers in northwestern United States and western Canada.

PACCAR Inc. to Report Q2, 2014 Results on Jul 29, 2014

PACCAR Inc. announced that they will report Q2, 2014 results on Jul 29, 2014

PACCAR Inc., Q2 2014 Earnings Call, Jul 29, 2014

PACCAR Inc., Q2 2014 Earnings Call, Jul 29, 2014

PACCAR Declares Quarterly Cash Dividend, Payable on September 5, 2014

PACCAR's board of directors declared a quarterly cash dividend of $0.22 per share payable on September 5, 2014, to stockholders of record at the close of business on August 15, 2014.

 

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PCAR

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Valuation PCAR Industry Range
Price/Earnings 18.3x
Price/Sales 1.3x
Price/Book 3.1x
Price/Cash Flow 18.2x
TEV/Sales 0.6x
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