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Stock impact report

PACCAR Provides Business Update

PACCAR Inc. (PCAR) 
Last paccar inc. earnings: 1/28 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: paccar.com/investors
Company Research Source: Business Wire
BELLEVUE, Wash.--(BUSINESS WIRE)--PACCAR Inc (Nasdaq: PCAR) is providing a business update in response to recent changes in customer demand and a weaker outlook for the global economy, as a consequence of the coronavirus pandemic.The Company will suspend truck and engine production at its factories worldwide from March 24 until April 6, 2020. The company will review future actions on a regular basis. PACCAR will continue to provide aftermarket support to its customers who deliver essential infrastructure services to our communities.PACCAR’s financial results for the first quarter and the remainder of 2020 will be impacted by lower production schedules due to changes in customer demand and the impact of government regulations or mandates. The Company will provide an update on its 2020 outlook and first quarter results during the earnings call scheduled for April 21, 2020.The Company is in a strong financial position, with excellent liquidity and investment-grade credit ratings of A Show less Read more
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