Paccar operates one plant each in Mexico, Brazil, and Australia and also runs a handful of parts distribution centers in those countries. In 2024, the company delivered about 33,500 trucks in those markets, which was about 18% of Paccar’s total for the year. Parts sales in those markets came in at $695 million that year, a little more than 10% of the company’s total, while financial services revenues were $627 million, 30% of Paccar’s total from that line of business.
Dozier’s planned retirement means that all three of Paccar’s executive vice presidents at the beginning of 2025 will have moved on from those roles by spring. One, Kevin Baney, on January 1 stepped up to the role of president, which had been held by recently retired CFO Harrie Schippers. (As part of that transition, Chief Technology Officer John Rich was elevated to EVP.) The remaining EVP, as of a year ago, Darrin Siver, retired early this month after working 32 years at Paccar.
Paccar executives will report the company’s fourth-quarter results January 27. Shares of the company (Ticker: PCAR) were down about 1% to $120.05 on the afternoon of January 20, which was a bright red day for the broader markets. Over the past six months, however, they have been up nearly 30%, a move that has grown the company’s market capitalization to about $63 billion.
