PACCAR announced its first-quarter 2025 financial results, with revenues of $7.44 billion, a decrease from $8.74 billion reported in Q1 2024. The company's net income for the quarter was $505.1 million, or $0.96 per diluted share, which included a $264.5 million after-tax charge related to civil litigation in Europe.
Excluding this charge, adjusted net income (non-GAAP) was $769.6 million, or $1.46 per diluted share, still a notable decline from $1.20 billion, or $2.27 per diluted share, in Q1 2024. The company also lowered its estimate for U.S. and Canada Class 8 truck industry retail sales in 2025 to a range of 235,000-265,000 trucks, down from a previous estimate of 250,000-280,000 units.
Global truck deliveries in Q1 2025 totaled 40,100 units, a decrease from 48,100 units in the prior-year quarter. Despite these challenges, PACCAR Parts achieved record quarterly revenues of $1.69 billion, and PACCAR Financial Services reported a 6% increase in pretax income to $121.1 million, demonstrating resilience in diversified segments.
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