Q1 25 EPS
$1.46
MISS 8.43%
Est. $1.59
Q1 25 Revenue
$7.44B
BEAT +4.93%
Est. $7.09B
vs S&P Since Q1 25
+3.7%
BEATING MARKET
PCAR +33.6% vs S&P +30.0%
Market Reaction
Did PCAR Beat Earnings? Q1 2025 Results
PACCAR turned in a mixed first quarter for 2025, beating revenue expectations while falling short on earnings, as a hefty litigation charge clouded otherwise resilient operating results. The Bellevue-based truck maker posted adjusted earnings of $1.4… Read more PACCAR turned in a mixed first quarter for 2025, beating revenue expectations while falling short on earnings, as a hefty litigation charge clouded otherwise resilient operating results. The Bellevue-based truck maker posted adjusted earnings of $1.46 per diluted share, missing the $1.59 consensus by 8.43%, while revenue of $7.44 billion cleared analyst estimates of $7.09 billion by 4.93%, though it still represented a steep 14.9% decline from the year-ago period. The central story was a $350 million pretax charge tied to European civil litigation stemming from EC-related damages claims, which compressed GAAP net income to $505.10 million from $1.20 billion a year earlier. Lower truck deliveries compounded the pressure, with global unit volumes falling to 40,100 from 48,100, including a sharp North American drop to 22,200 from 29,500. PACCAR Parts provided a notable counterweight, delivering quarterly revenue of $1.69 billion. Looking ahead, PACCAR projected 2025 North American Class 8 retail sales of 235,000 to 265,000 units, flagging tariff uncertainty and softening economic conditions as ongoing headwinds for fleet buying patterns.
Key Takeaways
- • PACCAR Parts achieved record quarterly revenue of $1.69 billion
- • PACCAR Financial Services pretax income rose 6% year-over-year driven by high-quality portfolio
- • $264.5 million after-tax charge for EU civil litigation reduced GAAP earnings significantly
- • Lower global truck deliveries (40,100 vs 48,100 year-over-year) impacted Truck segment revenue
- • North American truck deliveries declined sharply from 29,500 to 22,200 units
PCAR YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
PCAR Revenue by Segment
With YoY comparisons, source: SEC Filings
PCAR Revenue by Geography
With YoY comparisons, source: SEC Filings
“PACCAR reported good revenues and net income in the first quarter of 2025. Peterbilt, Kenworth and DAF delivered good results, PACCAR Parts delivered record revenue and strong profits, and PACCAR Financial Services achieved good results due to its high-quality portfolio. I am very proud of our employees and dealers who have delivered outstanding trucks and transportation solutions to our customers.”
— Preston Feight, Q1 2025 Earnings Press Release
PCAR Earnings Trends
PCAR vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
PCAR EPS Trend
Earnings per share: estimate vs actual
PCAR Revenue Trend
Quarterly revenue: estimate vs actual
PCAR Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $1.15 | — | $6.78B | +6.03% |
| Q4 25 BEAT FY | $1.06 | $1.06 | +0.00% | $6.82B | +51.41% |
| FY Full Year | $4.49 | $4.51 | +0.52% | $28.44B | +8.86% |
| Q3 25 MISS | $1.15 | $1.12 | -2.46% | $6.67B | +11.05% |
| Q2 25 MISS | $1.37 | $1.37 | -0.26% | $7.51B | +6.76% |
| Q1 25 MISS | $1.59 | $1.46 | -8.43% | $7.44B | +4.93% |