PACCAR (PCAR) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter was slightly higher than the immediately preceding quarter but lower than the same quarter one year earlier. The sequential increase was modest, while the year-over-year decline reflects a reversal from the prior year's growth.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter was slightly higher than the immediately preceding quarter but lower than the same quarter one year earlier. The sequential increase was modest, while the year-over-year decline reflects a reversal from the prior year's growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$8.8B
Revenue reported for this quarter.
Quarter-over-quarter
+0.3%
Change from the immediately preceding quarter.
Year-over-year
-1.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$35.3B
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 |
|---|---|---|
| Sep 30, 2023 | $8.7B | +23.2% |
| Dec 31, 2023 | $9.1B | +11.7% |
| Mar 31, 2024 | $8.7B | +3.2% |
| Jun 30, 2024 | $8.8B | -1.2% |
Revenue performance
Reported revenue moved higher compared to the prior quarter, continuing a pattern of sequential gains seen in recent periods. However, the year-over-year comparison turned negative after several quarters of positive annual comparisons.
Quarterly comparison
Compared to the immediately preceding quarter, revenue increased slightly. Relative to the same quarter one year earlier, revenue declined, marking the first year-over-year decrease in the available trend data.
What to watch
Monitor whether the year-over-year revenue decline persists in upcoming quarters or if the sequential growth trend resumes.