From CNBC:

Daimler Trucks faces production backlog due to supply chain disruptions. Stock hits all-time high, surging over 13.5% after announcing $2.16 billion share buyback program and record full-year profit of 5.5 billion euros for 2023. Dividend proposed at 1.9 euros per share. Company projects flat revenue and earnings for 2024 amidst tough economic conditions.

Mercedes-Benz and General Motors also engaging in share buybacks and dividend increases to return cash to investors. Daimler chairman warns of challenging economic conditions ahead despite strong performance in 2023. Shares dip slightly after initial spike, still up 12.4% by 10:15 a.m. London time.



Read more at CNBC:: Daimler Truck earnings Q4 2023