Overview
- PACCAR reported Tuesday that first‑quarter revenue fell to $6.78 billion as per‑share profit rose to $1.15.
- U.S. and Canada deliveries dropped to 17,800 from 22,200 a year earlier, and truck sales revenue fell 13.4% to $4.53 billion.
- Aftermarket parts sales rose 1.2% to $1.71 billion because older trucks stayed on the road longer.
- Management forecast 37,000 to 38,000 deliveries in the second quarter with margins near 13.5%, and it estimated the 2026 U.S. and Canada market at 230,000 to 270,000 units.
- Leaders flagged fuel‑cost volatility tied to Middle East tensions and industry overcapacity as headwinds, and the stock fell about 6% Tuesday after the update.