PACCAR Q3 net income up 102% to $769.4M; raises dividend 9%

PACCAR INC

2022-Q3 EPS reported $5.99 revenue$20,690,200,000

Record net income $769.4M ($2.21 diluted EPS) vs $380.5M ($1.09) YoY; revenue $7.06B vs $5.15B.
PACCAR Parts pretax profit $373.6M, up 32%; revenues $1.47B, record quarterly.
Board increased quarterly dividend 9% to $0.37/share, payable Dec 6 to Nov 15 record.
Global truck deliveries 44,400 units; US/Canada Class 8 retail est. 265K-285K for 2022.
FY2022 capex est. $475-500M, R&D $330-340M; FY2023 capex est. $525-575M, R&D $350-400M.

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