PACCAR (PCAR) reported fourth-quarter net profit of $511.4 million or $1.47 per share compared to $405.8 million or $1.17 per share, prior year. On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of $1.32, for the quarter. Analysts' estimates typically exclude special items.
Truck, Parts and other net sales and revenues increased to $6.30 billion from $5.14 billion, a year ago. Quarterly revenues were $6.69 billion, compared to the $5.57 billion. Analysts on average had estimated $5.5 billion in revenue.
Harrie Schippers, chief financial officer, said, "Capital expenditures are projected to be in the range of $425-$475 million and research and development expenses are estimated to be in the range $350-$400 million in 2022."
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.