In other words, PACCAR is often best measured in terms of its performance in relation to the overall truck market (pretty good based on its market share gains), as well as its historical profitability (also strong, when adjusted for the one-time EU settlement impact).
Bottom line: PACCAR's results this year may seem middling at best, compared to 2015. But from a historical perspective, the company has executed quite well given the market conditions.
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Jason Hall has no position in any stocks mentioned. The Motley Fool owns shares of and recommends Paccar. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.