Paccar (PCAR) AGM 2026 summary

Opening remarks and agenda

• Meeting called to order with protocol outlined and inspectors of election appointed.

• Recognition of employees' achievements and introduction of board members and independent auditors.

• Nomination of 12 directors for election as per the proxy statement.

• Presentations scheduled on financial results, business segments, and first quarter performance.

Financial performance review

• Achieved revenues of $28.4 billion and net income of $2.4 billion in 2025, marking the fifth best year.

• Generated $4.4 billion in operating cash flow and reached record $19.3 billion in stockholder equity.

• Increased regular quarterly dividend by 13% and paid an extra $1.40 per share.

• Market capitalization more than tripled over the past decade.

• After-tax return on revenues was 8.4% and return on invested capital averaged 47% over five years.

Board and executive committee updates

• Introduction of new director Dietmar Schneider and other board members.

• Board nominated 12 individuals for election.