PACCAR (PCAR) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter was lower than the immediately preceding quarter but higher than the same quarter one year earlier. The sequential decline followed a period of growth in the prior quarter, while the year-over-year increase continued a trend of expansion.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter was lower than the immediately preceding quarter but higher than the same quarter one year earlier. The sequential decline followed a period of growth in the prior quarter, while the year-over-year increase continued a trend of expansion.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$8.7B
Revenue reported for this quarter.
Quarter-over-quarter
-3.7%
Change from the immediately preceding quarter.
Year-over-year
+3.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$35.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $8.9B | +24.1% |
| Sep 30, 2023 | $8.7B | +23.2% |
| Dec 31, 2023 | $9.1B | +11.7% |
| Mar 31, 2024 | $8.7B | +3.2% |
Revenue performance
Reported revenue decreased compared to the prior quarter, reflecting a reversal from the previous quarter's growth. On a year-over-year basis, revenue increased, maintaining a positive trajectory relative to the same period last year.
Quarterly comparison
Compared to the immediately preceding quarter, revenue declined. Compared to the same quarter one year earlier, revenue rose.
What to watch
The sequential revenue decline warrants attention given the prior quarter's growth.