PACCAR reports record annual revenue of $35.13B, net income of $4.60B for 2023

PACCAR INC

2023-FY EPS reported $8.76 revenue$35,127,400,000

Q4 2023 revenue $9.08B (+12% YoY); net income $1.42B ($2.70 EPS) vs $0.92B ($1.76 EPS) in Q4 2022.
Full-year adjusted net income (non-GAAP) $5.05B ($9.61 diluted EPS), excluding $446.4M European litigation charge.
Record 204,200 vehicles delivered worldwide in 2023.
Declared $3.20/share extra cash dividend paid Jan 4, 2024; total dividends $4.24/share for 2023.
Joint venture with Cummins, Daimler Truck, EVE Energy for U.S. battery cell manufacturing announced.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PACCAR INC reported 2023 results: revenue $35.13 billion, net income $4.60 billion ($8.76 per diluted share), EPS $8.76 per diluted share.

Period: 2023
Revenue: $35.13 billion
Net income: $4.60 billion ($8.76 per diluted share)
EPS: $8.76 per diluted share
Result: reported results

Exact text from the filing

PACCAR achieved record revenues of $35.13 billion in 2023, compared to revenues of $28.82 billion in 2022. The company earned $4.60 billion ($8.76 per diluted share) in 2023, including a $446.4 million after-tax, non-recurring charge related to civil litigation in Europe, compared to $3.01 billion ($5.75 per diluted share) earned in 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PACCAR INC reported the fourth quarter of 2023 results: revenue $9.08 billion, net income $1.42 billion ($2.70 per diluted share), EPS $2.70 per diluted share.

Period: the fourth quarter of 2023
Revenue: $9.08 billion
Net income: $1.42 billion ($2.70 per diluted share)
EPS: $2.70 per diluted share
Result: reported results

Exact text from the filing

PACCAR achieved quarterly revenues of $9.08 billion in the fourth quarter of 2023, compared to the $8.13 billion reported in the same period in 2022. The company earned $1.42 billion ($2.70 per diluted share) in the fourth quarter of 2023, 54% higher than the $921.3 million ($1.76 per diluted share) earned in the fourth quarter of 2022.

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Source: SEC EDGAR

accession 0000950170-24-006258

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