- PACCAR Inc PCAR reported first-quarter FY22 sales growth of 10.6% year-on-year, to $6.47 billion, beating the consensus of $5.91 billion.
- Net sales and revenues from Truck, Parts, and Other improved 12.8% to $6.1 billion, and the corresponding gross margins were 13.4%.
- Revenues from Financial Services fell 15% to $366.2 million.
- Revenue from U.S. and Canada rose 6.4% Y/Y to $3.8 billion, and Europe grew 17.8% to $1.9 billion.
- Selling, general and administrative expenses increased 14% Y/Y to $183.7 million.
- The company held $3.3 billion in cash and equivalents as of March 31, 2022. Cash provided by operating activities totaled $459.3 million.
- EPS of $1.72 beat the analyst consensus of $1.54.
- Price Action: PCAR shares are trading lower by 2.66% at $84.05 on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
