PACCAR reports record Q1 revenue $8.47B, adjusted EPS $2.25 vs $1.15 YoY

PACCAR INC

2023-Q1 EPS reported $1.40 revenue$8,473,300,000

Consolidated revenues of $8.47B, a record, up 31% from $6.47B in Q1 2022.
Reported net income $733.9M ($1.40 EPS); adjusted net income $1.18B ($2.25 EPS) excluding $446.4M European litigation charge.
Record PACCAR Parts revenue $1.62B, pretax income $438.6M; Financial Services pretax income $148.8M.
Cash from operations $684.8M; capital investment $132.9M; R&D expense $97.2M.
Stockholders' equity $13.88B (record); manufacturing cash & marketable securities $5.92B.

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 the first quarter of 2023 results: revenue $8.47 billion, net income $733.9 million, EPS $1.40 per diluted share.

Period: the first quarter of 2023
Revenue: $8.47 billion
Net income: $733.9 million
EPS: $1.40 per diluted share
Result: reported results

Exact text from the filing

PACCAR achieved record quarterly revenues of $8.47 billion in the first quarter of 2023, compared to the $6.47 billion reported in the same period in 2022. The company reported net income of $733.9 million ($1.40 per diluted share) in the first quarter of 2023

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Source: SEC EDGAR

accession 0001564590-23-006137

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