Ttruck maker Paccar has reported a strong increase in third-quarter sales and revenue but said gross margins fell sequentially amid rising commodity costs, according to CBS Marketwatch.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The company reported third-quarter earnings of $US246.7 million, or $1.41 a share, up from $132.5 million, or 75 cents, in the year earlier period as revenue rose 42% to $2.92 billion, due mostly to solid economic growth in North America and a strong vehicle replacement market.


Wall Street expected earnings of $1.36 a share, on average, with sales of $2.6 billion, CBS Marketwatch said, citing Thomson First Call.


Analysts, for the most part, reportedly lauded results but said that gross margins were weaker than expected.

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now