Paccar - US Commercial Vehicle Manufacturer With Strong Figures Despite Challenging Market Conditions!

Business drivers: Paccar (PCAR) is one of the leading truck manufacturers and is particularly well-established in the premium segment with brands such as Kenworth, Peterbilt, and DAF. While the core business has struggled under challenging conditions, particularly in the US market, the high-margin spare parts business has recently been registering significant gains. On July 22, Paccar surprised with a better than expected Q2 result. The adjusted earnings per share were $1.37, above consensus expectations of $1.34. In terms of revenue, it also...