PACCAR Q2 net income falls to $1.12B ($2.13 EPS) from $1.22B; revenue edges down to $8.77B

PACCAR INC

2024-Q2 EPS reported $4.40 revenue$17,516,400,000

Net income $1.12B ($2.13 diluted EPS) vs $1.22B ($2.33) in Q2 2023; revenue $8.77B vs $8.88B.
Global truck deliveries 48,400 units; PACCAR Parts revenue $1.66B, pretax income $413.8M.
PACCAR Financial Services pretax income $111.2M; capital investments $219.6M, R&D $117.1M.
First half 2024 net income $2.32B ($4.40 EPS) vs $1.96B ($3.73) in 2023 (which included $446.4M non-recurring charge).
Cash from operations $440M; stockholders' equity $17.70B.

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