PACCAR (PCAR) second-quarter earnings miss estimates amid lower-than-expected pre-tax profit from Trucks and Financial Services segments.

PACCAR Inc. (NASDAQ:PCAR ) Q2 2024 Earnings Conference Call July 23, 2024 12:00 PM ET Company Participants Ken Hastings - Director of Investor Relations Preston Feight - Chief Executive Officer Harrie Schippers - President and Chief Financial Officer Brice Poplawski - Vice President and Controller Conference Call Participants Steven Volkman - Jefferies Steven Fisher - UBS Tami Zakaria - JPMorgan Angel Castillo - Morgan Stanley Jamie Cook - Trist David Raso - Evercore ISI Jerry Revich - Goldman Sachs Chad Dillard - Bernstein Rob Wertheimer - Melius Research Nicole DeBlase - Deutsche Bank Kyle Menges - Citigroup Scott Group - Wolfe Research Michael Feniger - Bank of America Merrill Lynch Jeffrey Kauffman - Vertical Research Partners Miguel Borrega - BNP Paribas Tim Thein - Raymond James Operator Good morning and welcome to PACCAR's Second Quarter 2024 Earnings Conference Call. All lines will be in a listen-only mode until the question-and-answer session.

Paccar stock beat on sales and missed on earnings this morning. Both sales and earnings declined year over year however.

U.S. truckmaker PACCAR Inc reported a fall in its second-quarter profit on Tuesday, marginally missing estimates, hurt by inflationary pressures and high capital spending.

While the top- and bottom-line numbers for Paccar (PCAR) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Paccar (PCAR) came out with quarterly earnings of $2.13 per share, missing the Zacks Consensus Estimate of $2.15 per share. This compares to earnings of $2.33 per share a year ago.

The Zacks Consensus Estimate for PACCAR's (PCAR) second-quarter EPS and revenues is pegged at $2.14 and $8.33 billion, respectively.

Paccar (PCAR) reachead $109.21 at the closing of the latest trading day, reflecting a +0.29% change compared to its last close.

Paccar stock has outperformed the S&P 500 over the past 5 years, delivering close to 160% total return. Paccar is a truck manufacturer with a strong dividend history, low yield, and low payout ratio, offering a real combined yield of 4-5%. Despite being in a cyclical market, Paccar's diverse revenue streams and financial strategies have attracted investors and supported stock growth.

Paccar (PCAR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

In the closing of the recent trading day, Paccar (PCAR) stood at $103.23, denoting a +1.7% change from the preceding trading day.

BELLEVUE, Wash.--(BUSINESS WIRE)--PACCAR Inc's Board of Directors today declared a regular quarterly cash dividend of thirty cents ($.30) per share, payable on September 5, 2024, to stockholders of record at the close of business on August 15, 2024. PACCAR is a global technology leader in the design, manufacture and customer support of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates. PACCAR also designs and manufactures advanced powertrains, p.