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AI English summary of an SEC filing — figures as filed

PACCAR logoPACCAR PCAR

The company said its revenue for Q4 2023 was $9.08 billion and its net income was $1.42 billion ($2.70 per diluted share). In the same quarter of 2022, revenue was $8.13 billion and net income was $921.3 million, and net income was 54% higher.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said its revenue for Q4 2023 was $9.08 billion and its net income was $1.42 billion ($2.70 per diluted share). In the same quarter of 2022, revenue was $8.13 billion and net income was $921.3 million, and net income was 54% higher.

  2. PACCAR said its full-year 2023 net income was $4.60 billion ($8.76 per diluted share), including a $446.4 million after-tax, non-recurring charge related to civil litigation in Europe. Excluding that charge, it said adjusted net income (non-GAAP) was $5.05 billion ($9.61 per diluted share).

  3. The company said PACCAR Parts pretax income was $432.4 million for Q4 2023, which was 14% higher than the $379.5 million earned in Q4 2022. Full-year pretax income was $1.70 billion, and full-year revenue was $6.41 billion.

  4. The company said its operating cash flow for 2023 was $4.19 billion, and it declared dividends of $2.23 billion ($4.24 per share). The per-share dividends include an extra cash dividend of $3.20 per share paid on January 4, 2024.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Q4 2023 Revenue and Net Income

The company said its revenue for Q4 2023 was $9.08 billion and its net income was $1.42 billion ($2.70 per diluted share). In the same quarter of 2022, revenue was $8.13 billion and net income was $921.3 million, and net income was 54% higher.

Source · Based on the filing body and exhibits

2023 Full-Year Net Income and EC-Related One-Time Charge

PACCAR said its full-year 2023 net income was $4.60 billion ($8.76 per diluted share), including a $446.4 million after-tax, non-recurring charge related to civil litigation in Europe. Excluding that charge, it said adjusted net income (non-GAAP) was $5.05 billion ($9.61 per diluted share).

Source · Based on the filing body and exhibits

PACCAR Parts Q4 and Full-Year Results

The company said PACCAR Parts pretax income was $432.4 million for Q4 2023, which was 14% higher than the $379.5 million earned in Q4 2022. Full-year pretax income was $1.70 billion, and full-year revenue was $6.41 billion.

Source · Based on the filing body and exhibits

2023 Full-Year Operating Cash Flow and Dividends

The company said its operating cash flow for 2023 was $4.19 billion, and it declared dividends of $2.23 billion ($4.24 per share). The per-share dividends include an extra cash dividend of $3.20 per share paid on January 4, 2024.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.