PACCAR Q3 net income $377.7M ($1.08 EPS) vs $385.5M ($1.11) a year ago; record Parts and Financial Services profits

PACCAR INC

2021-Q3 EPS reported $3.85 revenue$16,836,200,000

Net income $377.7M ($1.08 diluted EPS) down 2% from $385.5M ($1.11); revenues $5.15B up 4.3% from $4.94B.
Record PACCAR Parts pretax income $280.8M (+34%); record Financial Services pretax income $120.1M (+116%).
Global truck deliveries 32,800 units; semiconductor shortage reduced deliveries by ~7,000 vehicles.
U.S./Canada Class 8 truck market estimated 230K–250K units in 2021; 250K–290K in 2022; Europe 260K–280K in 2021.
Capital investments estimated $525M–$550M in 2021; R&D $320M–$330M; 2022 capex $425M–$475M and R&D $350M–$400M.

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