Paccar's Premium Brand Strategy Continues to Benefit From a Robust Heavy-Duty Truck Market
Despite ongoing supplier constraints, narrow-moat Paccar delivered a record 50,400 trucks during the fourth quarter, representing a 13.8% increase in volume from the fourth quarter in 2017. The company handily beat consensus quarterly GAAP EPS by $0.13 or approximately 8%. Backlog is at a record level and the company has already taken some orders for 2020. Paccar also expects the overall market for Class 8 trucks in U.S. and Canada to expand further in 2019, to a range of 285,000 to 315,000 unit...PACCAR is a multinational company operating in three principal industry segments: the Truck segment includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks, which are configured with engine in front of cab or cab-over-engine; the Parts segment includes the distribution of aftermarket parts for trucks and related commercial vehicles; and the Financial Services segment includes finance and leasing products and services provided to customers and dealers. The company's other business includes the manufacturing of industrial winches in two United States plants and marketing them under the Braden, Carco and Gearmatic nameplates.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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