PACCAR INC. overview

PACCAR Inc’s Board of Directors today declared a regular quarterly cash dividend of twenty-five cents ($.25) per share, payable on June 7, 2023, to stockholders of record at the close of business on May 17, 2023. PACCAR is a global technology leader in the design, manufacture and customer support of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates. PACCAR also designs and manufactures advanced powertrains, provides financial services and...

“PACCAR reported record revenues and excellent net income in the first quarter of 2023,” said Preston Feight, chief executive officer. “PACCAR’s results reflect ongoing strong demand for premium quality DAF, Peterbilt and Kenworth trucks, aftermarket parts and financial services worldwide. I am very proud of our employees and dealers who have delivered outstanding trucks and transportation solutions to our customers.” This press release features multimedia. View the full release here:...

PACCAR announced today that it has made a minority equity investment in its connected truck partner, Platform Science. This strategic investment complements the partnership recently launched by PACCAR and Platform Science to integrate Platform Science’s Virtual Vehicle technology with the PACCAR Connect telematics system. The integrated product will offer Kenworth and Peterbilt customers a standardized telematics operating system and application store, enabling customers to access software...

PACCAR utilizes its comprehensive Supplier Performance Management program (SPM) to evaluate supplier achievements in the areas of product development, operations and aftermarket support, and alignment with PACCAR’s key business objectives. Each year, PACCAR recognizes its top performing suppliers in the SPM program. This honor is given to suppliers that reach the SPM Master, Leader and Achiever status. The SPM program drives collaboration and continuous improvement between PACCAR and its...

PACCAR annually recognizes suppliers who exceed PACCAR’s 10 ppm quality standard, or the equivalent of 10 defective parts for every million components shipped to PACCAR. To qualify, suppliers must also meet demanding criteria for customer support and continuous improvement. For 2022, PACCAR recognizes 453 suppliers in 34 countries on five continents for achieving this high level of quality performance. “PACCAR’s 10 ppm suppliers achieved and sustained exceptional quality in 2022,...

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