Please ensure Javascript is enabled for purposes of website accessibility

5 Revealing Quotes From PACCAR Inc.'s CEO

By Neha Chamaria - May 17, 2016 at 5:06PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

PACCAR's trucks are selling fast, and its engines business is growing faster than you think.

Kenworth T680 Advantage is among PACCAR's most fuel-efficient trucks. Image source: PACCAR.

PACCAR (PCAR 0.67%) stock appears to have lost momentum after the truck maker reported a surprising loss for its first quarter around three weeks ago. While the loss was because of a one-time charge that affected several truck companies in Europe, declining sales have dimmed the chances of PACCAR's earnings hitting another record after 2015.

However, if you think PACCAR is slowing down, you probably didn't hear what CEO Ron Armstrong said during the earnings call. Not only did Armstrong reveal the name of the surprising market where PACCAR's trucks are selling fast, he also hinted at how the company is on its way to almost entirely eliminating its need to source engines from Cummins (CMI 0.30%).

Take a look at the slideshow below for five such revealing quotes from PACCAR's CEO that you can't afford to miss.


Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Cummins Inc. Stock Quote
Cummins Inc.
$194.11 (0.30%) $0.58
PACCAR Inc Stock Quote
$82.89 (0.67%) $0.55

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 07/04/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.