Key Takeaways:
Daimler Truck will launch the second €1.1 billion ($1.3 billion) tranche of its share buyback program immediately after completing the first by mid-September.
"The next phase of the buyback plan will run through the end of June 2027," Chief Financial Officer Eva Scherer said in a statement.
The truck maker confirmed its pre-announced second-quarter results, including an 18% drop in adjusted operating profit to €838 million. Group incoming orders rose 27% in the second quarter, according to the company.
The buyback follows a July raise to the 2026 profit forecast, after the U.S. Department of Commerce approved the company's U.S. Content application, updating its tariff framework with an effective date of November 1, 2025. Daimler cited higher expected unit sales at its North American arm and a lower tariff burden for the rest of the year as reasons for the outlook hike.
The owner of U.S. truck brand Freightliner said Thursday it would build a new manufacturing facility in the U.S. as part of a plan to expand its North American footprint. It is evaluating several potential locations and expects to start construction in late 2026, with production scheduled to start in 2029.
The buyback's size as a share of outstanding stock was not disclosed. Daimler shares trade on the Frankfurt exchange under the ticker DTG.
The second tranche reflects management confidence in cash flow generation despite a softer quarter. Investors will watch the U.S. plant site selection and any further tariff framework updates through the rest of 2026.
This article is for informational purposes only and does not constitute investment advice.
