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Free Post Earnings Research Report: PACCAR Reported Q1 Results; Topped Estimates

Stock Monitor: Hyster-Yale Materials Handling Post Earnings Reporting

LONDON, UK / ACCESSWIRE / May 9, 2018 / If you want access to our free earnings report on PACCAR Inc. (NASDAQ: PCAR), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=PCAR. The Company posted its financial results on April 24, 2018, for the first quarter of the fiscal year 2018 (Q1 FY18). The Bellevue, Washington-based Company's total sales and revenues surged 33% y-o-y, beating analysts' estimates. Register today and get access to over 1,000 Free Research Reports by joining our site below:


Active-Investors.com is currently working on the research report for Hyster-Yale Materials Handling, Inc. (NYSE: HY), which also belongs to the Consumer Goods sector as the Company PACCAR. Do not miss out and become a member today for free to access this upcoming report at:


Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, PACCAR most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:


Earnings Highlights and Summary

During Q1 FY18, PACCAR reported record quarterly total sales and revenues of $5.65 billion, which came in above the $4.24 billion recorded at the end of Q1 FY17. The Company's total sales and revenue numbers for the reported quarter outperformed Wall Street's expectations of $5.03 billion. The Company benefited from record quarterly truck deliveries, which were driven by a strong market share and a robust global truck demand.

The truck maker's total income before income taxes came in at $669.4 million, rising from the $448.2 million in the year-ago same period. The Company's net income also rose to $512.1 million, or $1.45 per diluted share, during Q1 FY18 from $310.3 million, or $0.88 per diluted share, in Q1 FY17. Moreover, market analysts had expected the Company to report a net income of $1.31 per diluted share for the reported quarter.

Segment Performance

During the quarter ended March 31, 2018, PACCAR's Truck segment's net sales and revenues increased to a record $4.35 billion from $3.13 billion in Q1 FY17, primarily attributable to higher truck deliveries in the US, Canada, Europe, and Australia, and favorable currency translation effects. The segment's income before income taxes rose to $395.2 million, or 9.1% of segment sales and revenues, in Q1 FY18 from $231.2 million, or 7.4% of segment sales and revenues, in Q1 FY17.

Due to higher aftermarket demand and successful marketing programs, the Company's Parts segment's sales and revenues rose to $939.9 million in Q1 FY18 from $786.7 million in Q1 FY17. The segment's income before income taxes came in at $191.8 million, or 20.4% of segment sales and revenues, in the reported quarter versus $150.8 million, or 19.2% of segment sales and revenues, in the last year's comparable quarter.

PACCAR's Financial Services segment generated sales and revenues amounting to $332.2 million in Q1 FY18, which came in above the $302.2 million recorded in Q1 FY17. For Q1 FY18, the segment's income before income taxes improved to $67.5 million from $56.8 million in Q1 FY17.

Geographical Revenues

During the reported quarter, the United States and Canada regions' revenues increased to $3.45 billion from $2.52 billion in Q1 FY17. Europe region's contribution to the Company's sales and revenues grew to $1.59 billion in Q1 FY18 compared to $1.23 billion in Q1 FY17. Furthermore, the Company's Other regions' sales and revenues were $621.2 million in Q1 FY18, up from $484.2 million in Q1 FY17.

Cash Flow and Balance Sheet

For the quarter ended March 31, 2018, PACCAR generated cash from operations of $528.5 million compared to $610.5 million in the previous year's corresponding quarter. The Company had a cash and cash equivalents balance of $2.50 billion as on March 31, 2018, compared to $2.36 billion at the close of books as on December 31, 2017.


In a separate press release on May 01, 2018, PACCAR's Board of Directors declared a hike to the regular quarterly cash dividend per share of 12% to $0.28 from $0.25, payable on June 05, 2018, to stockholders of record at the close of business on May 15, 2018.

Stock Performance Snapshot

May 8, 2018 - At Tuesday's closing bell, PACCAR's stock slightly fell 0.39%, ending the trading session at $64.25.

Volume traded for the day: 1.53 million shares.

Stock performance in the past twelve-month period – up 0.22%

After yesterday's close, PACCAR's market cap was at $22.65 billion.

Price to Earnings (P/E) ratio was at 13.32.

The stock has a dividend yield of 1.56%.

The stock is part of the Consumer Goods sector, categorized under the Trucks & Other Vehicles industry.


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SOURCE: Active-Investors