PACCAR Inc. Company Profile
PACCAR, Inc
Manufacturing
- Type
Public
- Headquarters
The US
- Founded
1905/p>
- Key Management
Mr.Preston R Feight(CEO)
- Revenue
~23,522.3(2021)
- Headcountz
~26,000(2021)
- Website
Business Description
PACCAR, Inc., a global technology company, is involved in the design and manufacturing of medium, light, and heavy-duty trucks. The Financial Services segment offers financing and leasing products, as well as services to truck dealers and customers. William Pigott Sr. founded the company in 1905. It is located in Bellevue WA. It has three segments: Parts, Truck, and Financial Services. The Truck segment designs and produces heavy, medium, and light-duty diesel trucks that are sold under the Peterbilt, DAF, and Kenworth brands. Parts distributes aftermarket parts and accessories for trucks and commercial vehicles.
Key Financials
Revenue (US$ Mn):
- US$ 23,522 Mn was the annual revenue generated by PACCAR, Inc. in 2021
- PACCAR, Inc.’s annual revenue for 2020 was US$ 18,729 Mn, a -26.84% decrease from 2019
- From 2018’s annual revenues, PACCAR, Inc. registered an 8.95% increase in 2019, amounting to US$ 25,600 Mn
- Total revenue of US$ 23,496 Mn was generated in 2018 by PACCAR, Inc.
Operating Income (US$ Mn):
- PACCAR, Inc.’s operating income for 2021 was US$ 1,926 Mn, a 22.8% increase from the 2020
- The operating income generated by PACCAR, Inc. in 2020 was US$ 1,568 Mn
- At a 10.64% increase from , PACCAR, Inc.’s operating income of US$ 2,975 Mn was indexed in 2019
- PACCAR, Inc. generated an operating income of US$ 2,689 Mn in 2018
Net Income (US$ Mn):
- PACCAR, Inc.’s net income for 2021 was US$ 1,852 Mn, a 42.69% increase from the 2020
- The net income generated by PACCAR, Inc. in 2020 was US$ 1,298 Mn
- At an 8.79% increase from , PACCAR, Inc.’s net income of US$ 2,388 Mn was indexed in 2019
- PACCAR, Inc. generated a net income of US$ 2,195 Mn in 2018
Operating Margin %:
- 8% was the operating margin generated by PACCAR, Inc. in 2021
- PACCAR, Inc.’s operating margin for 2020 was 8%, a -27.59% decrease from 2019
- From 2018’s operating margins, PACCAR, Inc. registered a 1.75% increase in 2019, amounting to 12%
- An operating margin of 11% was generated in 2018 by PACCAR, Inc.
Gross Margin %:
- PACCAR, Inc.’s gross margin for 2021 was 13%, a -24.7% decrease from 2020
- The gross margin generated by PACCAR, Inc. in 2020 was 17%
- At a 0.53% increase from , PACCAR, Inc.’s gross margin of 19% was indexed in 2019
- PACCAR, Inc. generated a gross margin of 19% in 2018
SWOT Analysis
Strength:
Extensive manufacturing and distribution network
PACCAR boasts a large manufacturing and distribution network. PACCAR has 31 manufacturing plants and parts distribution centers worldwide. There are eight in the US, twelve in Europe, three in Canada, Australia, Central, and South America, and two in Mexico. It produces trucks at three of its European plants, three in the US, and one in Brazil, Australia, and Mexico. It also produces engines at its Ponta Grossa, Brazil, Eindhoven, and Columbus, Mississippi plants. It supplies aftermarket parts for trucks and commercial vehicles to 2200 Kenworth, Peterbilt, and DAF dealers across 103 countries.
PACCAR Financial Services (PFS), provides finance, leasing, and insurance services to dealers in 24 countries in North America, Europe, and Australia, through wholly-owned finance companies that operate under the PACCAR Financial trademark. PFS also operates full-service leasing operations in North America, Germany, and Australia through wholly owned subsidiaries. PFS also has its own full-service lease outlets. PFS’s strong manufacturing network and distribution network allows for better supply chain management and faster delivery of perishable products.
Get this premium content
