PACCAR points to strong demand across truck brands in Q4
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PACCAR (NASDAQ:PCAR) swings lower after reporting Q4 results that came in ahead of expectations.
The company pointed to very strong customer demand in the quarter across the new Kenworth, Peterbilt and DAF trucks introduced last year. The PACCAR Parts segment achieved record Q4 pre-tax income of $306.4M, which was 38% higher than the tally from a year ago. The PACCAR Financial Service segment also achieved record Q4 pretax income by generating $134.6M, more than double last year's level.

Looking ahead, PACCAR (PCAR) says it is investing in new technologies that deliver enhanced operational efficiency and environmental benefits to its customers.
Shares of PCAR are down 0.45% premarket to $90.74 following the earnings topper.