PACCAR (PCAR) Tops Q4 EPS by 12c

PACCAR (NASDAQ: PCAR) reported Q4 EPS of $1.65, $0.12 better than the analyst estimate of $1.53. Revenue for the quarter came in at $5.93 billion versus the consensus estimate of $5.74 billion.

PACCAR’s consistent long-term profits, strong balance sheet, and intense focus on quality, technology and productivity have enabled the company to invest $6.1 billion in new and expanded facilities, innovative products and new technologies during the past decade. Capital investments of $437.1 million and research and development expenses of $306.1 million in 2018 were invested in new vehicles and technologies, enhanced manufacturing and parts distribution facilities and innovative aftermarket support programs. George West, PACCAR vice president, said, “We are increasing our capital and research and development investments in 2019. Capital expenditures are projected to be $525-$575 million and research and development expenses are estimated to be $320-$350 million. PACCAR is investing for long-term growth in new truck models, integrated powertrains including zero emission electrification and hydrogen fuel cell technologies, enhanced aerodynamic truck designs, advanced driver assistance systems and truck connectivity, and expanded manufacturing and parts distribution facilities.”

For earnings history and earnings-related data on PACCAR (PCAR) click here.

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