Daimler Truck Cuts Full-Year Guidance to €48-51B Amid North American Uncertainty

Daimler Truck Holdings has revised its full-year guidance downwards, citing increasing economic uncertainty in North America. The company reported a first-quarter adjusted EBIT of €1.16 billion, surpassing estimates of €992.8 million. However, it has lowered its industrial business revenue forecast for the year to between €48 billion and €51 billion. The company anticipates that its truck volumes in North America for the second quarter will remain roughly in line with the first quarter, although profitability is expected to be lower than in Q1 but towards the upper end of the full-year margin range. This adjustment reflects the challenges Daimler Truck faces in its key North American market.