Every material Form 8-K Paccar has filed with the SEC since October 22, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
PACCAR reported third quarter 2026 net income of $847.5 million, or $1.61 per diluted share, up from $590.0 million, or $1.12 per diluted share, a year earlier. Revenue rose to $7.94 billion from $6.67 billion, and the company attributed the profit gain to higher truck segment margins and strong overall business performance.
Q3 2026 net income $847.5 million ($1.61 per diluted share) vs. $590.0 million ($1.12) in Q3 2025
Q3 2026 revenue $7.94 billion vs. $6.67 billion in Q3 2025; PACCAR Parts reported record quarterly revenue of $1.78 billion
Nine-month 2026 net income $2.20 billion ($4.18 per diluted share) vs. $1.82 billion in 2025, which included a $264.5 million after-tax European litigation charge
PACCAR reported second quarter 2026 net income of $752.0 million, or $1.43 per diluted share, up from $723.8 million, or $1.37 per diluted share, a year earlier. Net sales and financial services revenues were $7.55 billion, compared with $7.51 billion in the second quarter of 2025, though global truck deliveries fell to 38,700 units from 39,300.
Second quarter net sales and financial services revenues of $7.55 billion, versus $7.51 billion a year earlier
Global truck deliveries of 38,700 units, compared with 39,300 in the second quarter of 2025
PACCAR Parts reported record quarterly revenues of $1.75 billion and pre-tax income of $417.0 million
For 2026, capital expenditures are projected at $700-$750 million and R&D expenses at $450-$480 million
At its April 28, 2026 annual meeting, PACCAR shareholders elected all 12 director nominees to terms expiring in 2027, approved the advisory executive compensation resolution, and ratified the independent auditors. The 8-K also discloses that the Compensation Committee approved 2023-2025 long-term cash awards, which raise the CEO's reported total compensation to $19,453,009.
All 12 nominees elected; M. A. Schulz received the most against votes at 63,686,066
Advisory say-on-pay approved: 432,025,578 for and 25,777,225 against
Auditor ratification: 459,284,605 for and 22,031,967 against
LTIP cash awards for 2023-2025 approved April 27, 2026; CEO R. P. Feight's total pay recalculated to $19,453,009, a 198 to 1 ratio to the median employee's $98,350
PACCAR reported first quarter 2026 revenue of $6.78 billion, down from $7.44 billion a year earlier, and net income of $605.3 million ($1.15 per diluted share), up from $505.1 million ($0.96) in the first quarter of 2025. The prior-year figure included a $264.5 million after-tax charge for European civil litigation, so the company's adjusted prior-year net income was $769.6 million ($1.46 per diluted share), which is above the current quarter.
Q1 2026 revenue of $6.78 billion vs. $7.44 billion in Q1 2025.
Q1 2026 net income of $605.3 million ($1.15 per diluted share) vs. $505.1 million ($0.96) in Q1 2025.
Q1 2025 adjusted net income (non-GAAP) was $769.6 million ($1.46 per diluted share), excluding the EC-related claims charge.
Truck segment pretax profit was $176.2 million vs. $364.9 million; 2026 capital expenditure is projected at $725-$775 million.
PACCAR reported fourth-quarter 2025 revenues of $6.82 billion and net income of $556.9 million ($1.06 per diluted share), down from $7.91 billion and $872.0 million ($1.66 per share) a year earlier. Full-year 2025 net income was $2.38 billion ($4.51 per diluted share), including a $264.5 million after-tax charge for civil litigation in Europe, while full-year revenue was $28.44 billion versus $33.66 billion in 2024. Both revenue and profit declined, and the filing gives industry ranges for 2026 but no company earnings guidance.
Q4 2025 revenues were $6.82 billion versus $7.91 billion in Q4 2024; diluted EPS was $1.06 versus $1.66.
2025 net income of $2.38 billion ($4.51 per diluted share) included a $264.5 million after-tax charge; adjusted net income (non-GAAP) was $2.64 billion ($5.01 per diluted share).
PACCAR declared $2.72 per share in dividends for 2025, including a $1.40 year-end dividend paid January 7, 2026.
Company estimates 2026 U.S. and Canada Class 8 retail sales of 230,000-270,000 trucks and capital spending of $725-$775 million.
PACCAR said Executive Vice President C. Michael Dozier announced on January 14, 2026 that he will retire effective April 1, 2026, after 37 years with the company. The filing also says W. Lance Walters, promoted to Vice President, will take responsibility for operations in Australia, Mexico and South America, and Raja Shembekar will assume responsibility for international business development, both effective the same date. The filing does not discuss financial effects.
C. Michael Dozier announced his retirement on January 14, 2026, after 37 years of service; it takes effect April 1, 2026.
W. Lance Walters, currently Assistant Vice President, will be promoted to Vice President effective April 1, 2026.
Walters will oversee operations in Australia, Mexico and South America; Raja Shembekar, Vice President, will lead international business development, both effective April 1, 2026.
PACCAR said Kevin D. Baney will be promoted to President effective January 1, 2026, and John N. Rich to Executive Vice President and Chief Technology Officer on the same date. The changes reshape senior leadership responsibilities, with Baney taking on PACCAR Parts and Rich overseeing global technology initiatives and Peterbilt Motors Company.
Kevin D. Baney, 55, promoted to President effective January 1, 2026; has worked at PACCAR 31 years
Baney keeps DAF Trucks, PACCAR Financial Services and Investor Relations, and adds PACCAR Parts
John N. Rich promoted to Executive Vice President and Chief Technology Officer effective January 1, 2026
Rich oversees global technology initiatives and Peterbilt Motors Company; Laura J. Bloch keeps Kenworth and adds Dynacraft
PACCAR reported third quarter 2025 net income of $590.0 million, or $1.12 per diluted share, down from $972.1 million, or $1.85 per diluted share, in the same quarter of 2024. Revenues fell to $6.67 billion from $8.24 billion, as truck pretax income dropped to $102.5 million from $630.8 million, while parts and financial services pretax income rose, for shareholders the quarter shows a sharp decline in profit.
Q3 2025 net income was $590.0 million ($1.12 per diluted share) versus $972.1 million ($1.85) in Q3 2024.
Q3 2025 revenues were $6.67 billion versus $8.24 billion; truck pretax income was $102.5 million versus $630.8 million.
PACCAR Parts pretax income rose to $410.0 million from $406.7 million, and PACCAR Financial Services pretax income rose to $126.2 million from $106.5 million.
Nine-month 2025 net income of $1.82 billion includes a $264.5 million after-tax charge for European civil litigation; adjusted net income (non-GAAP) was $2.08 billion.
PACCAR said Executive Vice President Darrin C. Siver announced his retirement on September 2, 2025, after 32 years with the company, effective January 5, 2026. The filing also reassigns responsibilities for two senior vice presidents, effective the same date, including John N. Rich taking on Peterbilt Motors Company. The filing does not report any financial results or change to guidance.
Darrin C. Siver, Executive Vice President, announced retirement on September 2, 2025, after 32 years of service
Retirement effective January 5, 2026
John N. Rich, SVP and Chief Technology Officer, will also assume responsibility for Peterbilt Motors Company effective January 5, 2026
Laura J. Bloch, SVP, will add Corporate Quality and Purchasing while keeping Kenworth Truck Company and PACCAR Parts
PACCAR reported second-quarter 2025 net income of $723.8 million, or $1.37 per diluted share, down from $1.12 billion, or $2.13 per share, in the same quarter of 2024. Second-quarter net sales and financial services revenues fell to $7.51 billion from $8.77 billion, although PACCAR Parts reported record quarterly revenue of $1.72 billion. The filing does not revise guidance, but the lower profit and revenue are the main points for shareholders.
Q2 2025 net income of $723.8 million ($1.37 per diluted share) versus $1.12 billion ($2.13 per diluted share) in Q2 2024.
Q2 2025 net sales and financial services revenues of $7.51 billion versus $8.77 billion a year earlier.
PACCAR Parts reported record quarterly revenue of $1.72 billion and pre-tax income of $416.5 million.
First-half net income of $1.23 billion includes a $264.5 million after-tax charge for civil litigation in Europe; adjusted net income (non-GAAP) was $1.49 billion.
At its April 29, 2025 annual meeting, PACCAR shareholders elected 12 directors with terms expiring in 2026, approved the advisory executive compensation resolution, and ratified the independent auditors. A stockholder proposal for a shareholder vote on excessive golden parachutes did not pass. The filing also recalculates CEO R. P. Feight's 2024 total compensation to $17,364,223 after including 2022-2024 long-term cash awards approved on April 28, 2025.
Annual meeting held April 29, 2025; 12 directors elected with terms expiring in 2026
Advisory say-on-pay resolution: 430,942,525 shares for and 27,601,495 against
Golden parachute proposal failed: 145,604,574 shares for and 311,616,163 against
Feight's recalculated 2024 total compensation: $17,364,223; CEO-to-median-employee pay ratio of 189 to 1
PACCAR reported first quarter 2025 revenue of $7.44 billion, down from $8.74 billion a year earlier, and net income of $505.1 million ($0.96 per diluted share), down from $1.20 billion ($2.27 per diluted share). The results include a $264.5 million after-tax charge for civil litigation in Europe, and the company said it is making progress on substantially resolving that litigation.
Consolidated revenue was $7.44 billion versus $8.74 billion in the first quarter of 2024.
Net income was $505.1 million ($0.96 per diluted share), including a $264.5 million after-tax EC-related litigation charge; adjusted net income (non-GAAP) was $769.6 million ($1.46 per diluted share).
PACCAR Parts reported record first quarter revenue of $1.69 billion, with pretax income of $426.5 million versus $455.8 million a year earlier.
PACCAR's President and Chief Financial Officer, Harrie Schippers, announced his retirement after 39 years of service, effective June 2, 2025. Controller Brice Poplawski will be promoted to Senior Vice President and Chief Financial Officer on the same date, and Kevin Baney will take on PACCAR Financial Services and Investor Relations responsibilities. The filing describes a planned leadership transition and does not report any financial results.
Harrie Schippers, President and CFO, retires effective June 2, 2025, after 39 years at PACCAR.
Brice Poplawski, 61, becomes Senior Vice President and CFO effective June 2, 2025; he has been Vice President and Controller since June 2023 and has worked at the company 27 years.
Kevin Baney, Executive Vice President, keeps DAF Trucks and adds PACCAR Financial Services and Investor Relations, effective June 2, 2025.
PACCAR reported fourth-quarter 2024 revenue of $7.91 billion and net income of $872.0 million ($1.66 per diluted share), down from $9.08 billion and $1.42 billion ($2.70 per diluted share) a year earlier. For full-year 2024, revenue was $33.66 billion and net income was $4.16 billion ($7.90 per diluted share), versus $35.13 billion and $4.60 billion ($8.76) in 2023, a year that included a $446.4 million after-tax charge tied to European civil litigation. The company also raised its regular quarterly dividend 10% to 33 cents per share, payable March 5, 2025.
Q4 2024 net income was $872.0 million ($1.66 per diluted share), versus $1.42 billion ($2.70 per diluted share) in Q4 2023.
Full-year 2024 net income was $4.16 billion ($7.90 per diluted share), versus $4.60 billion ($8.76) in 2023.
Regular quarterly dividend raised 10% to 33 cents per share, payable March 5, 2025.
Conference call with securities analysts on January 28, 2025, at 9:00 a.m. Pacific time.
PACCAR's board elected Craig R. Gryniewicz, 57, to succeed Todd R. Hubbard as Vice President of Global Financial Services. Hubbard announced his retirement on December 10, 2024, after 17 years of service, effective February 14, 2025. The filing describes a routine senior-officer succession and does not report any change to financial results or guidance.
Todd R. Hubbard announced his retirement on December 10, 2024, after 17 years at PACCAR; it takes effect February 14, 2025.
The board elected Craig R. Gryniewicz, 57, on December 10, 2024, to succeed Hubbard as Vice President of Global Financial Services.
Gryniewicz has served as President of PACCAR Financial Corp. since December 4, 2018.
PACCAR reported third quarter 2024 net income of $972.1 million ($1.85 per diluted share), down from $1.23 billion ($2.34 per diluted share) a year earlier, on revenue of $8.24 billion versus $8.70 billion. Lower truck and financial services pretax income drove the decline, while parts pretax income was roughly flat. For shareholders, the quarter's earnings and revenue both fell year over year, though nine-month net income rose because the 2023 period included a $446.4 million after-tax European litigation charge.
Q3 2024 net income of $972.1 million ($1.85 per diluted share) vs. $1.23 billion ($2.34) in Q3 2023
Q3 2024 revenue of $8.24 billion vs. $8.70 billion in Q3 2023
Truck pretax income of $630.8 million vs. $960.9 million; PACCAR Parts $406.7 million vs. $412.3 million
Nine-month 2024 net income of $3.29 billion ($6.25 per diluted share) vs. $3.18 billion ($6.07) in 2023
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