PACCAR reports record Q2 2022 revenue $7.16B, EPS $2.07 up 45% YoY

PACCAR INC

2022-Q2 EPS reported $3.79 revenue$13,631,300,000

Net income $720.4M ($2.07 diluted EPS), up 45% from $495.5M ($1.42) YoY.
Revenue $7.16B, up 23% from $5.84B; gross margin improved to 14.4% from 13.5%.
Q2 global truck deliveries 46,900 units; Parts revenue $1.43B (+18%), pretax $353.3M (+32%).
Quarterly dividend $0.34/share payable Sept 7 to holders of record Aug 17.
Management guides US/Canada Class 8 sales 260-290k units; European >16t 270-300k.

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