PACCAR Q2 record net income $1.22B, revenue $8.88B; dividend raised 8%

PACCAR INC

2023-Q2 EPS reported $3.73 revenue$17,354,400,000

Record net income $1.22B ($2.33 diluted EPS), up 70% vs $720.4M ($1.37) a year ago.
Record revenue $8.88B, up 24% YoY; truck deliveries 51,900 units.
Truck, Parts & Other gross margin 18.8% vs 14.4% in Q2 2022.
Quarterly dividend increased 8% to $0.27/share, payable Sep 7 to holders of record Aug 17.
PACCAR Parts pretax income $419.3M; Financial Services pretax $144.7M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PACCAR INC reported second quarter of 2023 results: revenue $8.88 billion, net income $1.22 billion, EPS $2.33 per diluted share.

Period: second quarter of 2023
Revenue: $8.88 billion
Net income: $1.22 billion
EPS: $2.33 per diluted share
Result: reported results

Exact text from the filing

PACCAR earned record net income of $1.22 billion ($2.33 per diluted share) in the second quarter, an increase of 70% compared to $720.4 million ($1.37 per diluted share) earned in the same period last year. Second quarter net sales and financial services revenues were $8.88 billion, 24% higher than the $7.16 billion achieved in the second quarter of 2022.

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Source: SEC EDGAR

accession 0000950170-23-034227

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