PACCAR Q3 net income falls to $972.1 million; revenue down to $8.24 billion
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.
Key points
- 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
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 22, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.