Paccar Inc (PCAR) Earnings Report, Financial Results, Financial analysis

Paccar Inc reported in the first quarter of 2023 net earnings per share of $1.40 a decrease by -18.6 % year on year from $1.72 and an improvement of 59.18 % from $0.88 realized in IV. Quarter (Dec 31 2022).

*first quarter of 2023*
Earnings Per Share	Revenues
$ 1.4	$ 8,473 Mill
$-0.32 -18.6 %	$+2,001M +30.91 %

Paccar Inc's Revenue rose by 30.91 % in first quarter of 2023 (Mar 31 2023) year on year, to $8,473 million and advanced by 4.23 % sequentially.

Paccar Inc is Expected to report next financial results on October 27, 2023.

More on PCAR's Income Statement

PCAR's NET INCOME

Paccar Inc's net income of $733.900 million in the first quarter of 2023 increased by 22.21 % from net earnings of $600.500 million achieved in I. Quarter a year ago.

Sequentially net earnings fell by -20.34 % from net income of $921.300 million realized in previous quarter.

More on PCAR's Growth

Paccar Inc Inventories
In Mar 31 2023 company's net cash and cash equivalents decreased by $-281 million, capital expenditures grew by -20.84%, to $-292 millions compare to same quarter a year ago and rose by -5.47% from IV. Quarter (Dec 31 2022).

More on PCAR's Cash flow Statement

Earnings quality

Paccar Inc payed out dividend of $3.03 per share in last 52 weeks representing 46.19 % of net earning per share in trailing twelve-month period.

During the same period Paccar Inc earned $ 6.20 cash per share, on a free-cash flow basis 94.55 % of net earning per share.

Book value grew by 5.30 % sequentially to $26.47 per share, -127.18% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 26.47 per share from $ 25.14.

Company issued 0.64 million shares or 0.12 % in Mar 31 2023.
Debt Coverage Ratio was 0.53.

• More on PCAR's Dividends

Market Capitalization (Millions)	44,537
Shares Outstanding (Millions)	524
Total Debt (Millions $)	8,057
Revenue (TTM) (Millions $)	30,820
Net Income (TTM) (Millions $)	3,145
Cash Flow (TTM) (Millions $)	1,095
Capital Exp. (TTM) (Millions $)	-1,314
Dividend TTM ($)	3.03 $
Dividend Yield TTM (%)	9.93 %
Employees (TTM) $	28,500

Earnings quality

Paccar Inc payed out dividend of $3.03 per share in the last 52 weeks representing 46.19 % of net earning per share in trailing twelve-month period.

During the same period Paccar Inc had $ 6.20 cash flow per share, on a free-cash flow basis 94.55 % of net earning per share.

Book value grew by 5.30 % sequentially to $26.47 per share, -127.18% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 26.47 per share from $ 25.14.

Company issued 0.64 million shares or 0.12 % in Mar 31 2023.
Debt Coverage Ratio was 0.53.

• More on PCAR's Balance Sheets

Market Capitalization (Millions)	44,537
Shares Outstanding (Millions)	524
Total Debt (Millions $)	8,057
Revenue (TTM) (Millions $)	30,820
Net Income (TTM) (Millions $)	3,145
Cash Flow (TTM) (Millions $)	1,095
Capital Exp. (TTM) (Millions $)	-1,314
Dividend TTM ($)	3.03 $
Dividend Yield TTM (%)	9.93 %
Employees (TTM) $	28,500

Paccar Inc

PCAR's Financial Statements and Analysis