Trucking equipment recovery puts Paccar back on the road to stronger profitability.
Narrow-moat Paccar posted strong second-quarter earnings boasting record deliveries and profits. The firm capitalized on tight truck market capacity and grew second-quarter earnings per share by 50% to $1.59. Global deliveries reached a record 46,400 and North America deliveries climbed 22% over last year. The manufacturer also gained market share in the European above 16-tonne segment with its DAF brand, expanding from 15% to 17% during the past year.Paccar's truck segment turned in strong res...
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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