PACCAR GAAP EPS of $2.64 beats by $0.44, revenue of $8.13B beats by $970M
PACCAR press release  (NASDAQ:PCAR): Q4  GAAP EPS of $2.64  beats by $0.44.
Revenue of $8.13B (+21.5% Y/Y)  beats by $970M.
PACCAR Parts revenue of $1.47 billion.
Record PACCAR Parts pretax income of $379.5 million.
Record PACCAR Financial Services pretax income of $151.3 million.
Cash provided by operations of $1.25 billion.
âGood freight markets and an increased fleet age are driving strong demand for fuel-efficient Kenworth and Peterbilt trucks. Class 8 truck industry retail sales in theÂ U.S.Â andÂ CanadaÂ were 283,500 units in 2022. Kenworth and Peterbilt achieved market share of 29.8% in 2022 compared to 29.2% in 2021,â saidÂ Darrin Siver, PACCAR executive vice president.Â