PACCAR announced its second-quarter 2025 financial results, reporting net income of $723.8 million, or $1.37 per diluted share. This represents a decrease from $1.12 billion, or $2.13 per diluted share, earned in the same period last year. Net sales and financial services revenues for the quarter were $7.51 billion, down from $8.77 billion in Q2 2024.
For the first half of 2025, net income was $1.23 billion, or $2.33 per diluted share, including a $264.5 million after-tax non-recurring charge related to civil litigation in Europe. The company further lowered its estimate for U.S. and Canada Class 8 truck industry retail sales in 2025 to a range of 230,000-260,000 trucks, down from the previous estimate of 235,000-265,000 units.
Despite the challenging truck market, PACCAR Parts achieved record quarterly revenues of $1.72 billion and excellent pretax income of $416.5 million. PACCAR Financial Services also delivered strong results, with pretax income increasing to $123.2 million. PACCAR launched next-generation battery-electric trucks at ACT Expo and DAF introduced 2025 model year trucks with 3% improved fuel efficiency.
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