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PACCAR Reports Q2 Revenue of $7.546B, Beating Estimates
Reports Q2 revenue $7.546B, consensus $7.03B. U.S. and Canada Class 8 truck industry retail sales are estimated to be in a range of 230,000-270,000 trucks in 2026. "Customers are benefiting from higher freight rates due to constrained industry freight capacity. Fleet age has increased as well, providing an opportunity for customers to refresh their fleets with newer, more fuel-efficient trucks," said John Rich, PACCAR executive vice president and chief technology officer. "On July 9, the U.S. EPA provided helpful clarification of emissions regulations that will be beneficial to customers as they make truck purchasing decisions for the second half of this year and 2027."
Paccar Shares Up 3.3% After Daimler Truck Reports Preliminary Q2 Results
Paccar shares up 3.3% after Daimler Truck reports preliminary Q2 results
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