Rush Enterprises

Rush Enterprises, Inc. engages in the provision of commercial vehicle industry solutions through its network of commercial vehicle dealerships The firm provides an integrated, one-stop approach to the service and sales of new and used heavy- and medium-duty trucks, aftermarket parts, service, collision center capabilities, chrome accessories, tires, engineered vehicle modification solutions, and a range of financial services including financing, insurance and leasing, and rental options. Its also sells commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, Mitsubishi Fuso, IC Bus, and Blue Bird. The company was founded by W. Marvin Rush in 1965 and is headquartered in New Braunfels, TX.

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Rush Enterprises, Inc. engages in the business of retailing commercial vehicles. It operates under the Truck and All Other segments. The Truck segment includes an operating network of commercial vehicle dealerships that provide an integrated one-stop source for the commercial vehicle needs of its customers, including retail sales of new and used commercial vehicles, aftermarket parts, service, and collision center facilities, and financial services, including the financing of new and used commercial vehicle purchases, insurance products, and truck leasing and rentals. The All Other segment focuses on the retail tire company, an insurance agency, and a guest ranch operation. The company was founded by W. Marvin Rush in 1965 and is headquartered in New Braunfels, TX.

Rush Enterprises, Inc. (NASDAQ:RUSHA ) Q2 2023 Earnings Conference Call July 26, 2023 10:00 AM ET Company Participants Marvin Rush - President, CEO and Chairman Steve Keller - CFO Conference Call Participants Jamie Cook - Credit Suisse Andrew Obin - Bank of America Justin Long - Stephens Operator Good day, and thank you for standing by. Welcome to the Rush Enterprises, Inc. Reports Second Quarter 2023 Earnings Results Conference Call.

Rush Enterprises, Inc. (RUSHA) Q2 2023 Earnings Call Transcript

SAN ANTONIO, July 25, 2023 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America, today announced that for the quarter ended June 30, 2023, the Company achieved revenues of $2.003 billion and net income of $98.3 million, or $1.75 per diluted share, compared with revenues of $1.791 billion and net income of $110.2 million, or $1.92 per diluted share, in the quarter ended June 30, 2022. On May 2, 2022, the Company closed on its acquisition of an additional 30% interest in Rush Truck Centres of Canada Limited, which resulted in a $9.8 million gain. Excluding the one-time gain related to the acquisition, the Company's adjusted net income for the quarter ended June 30, 2022 was $100.4 million, or $1.75 per diluted share. The Company's Board of Directors declared a three-for-two stock split with respect to both the Company's Class A and Class B common stock. The stock split will be effected in the form of a stock dividend payable on August 28, 2023, to shareholders of record as of August 7, 2023. Holders of the Company's common stock will receive an additional one-half share for each share of common stock held as of the record date. The stock split will increase the number of outstanding shares of Class A common stock from approximately 41,690,232 to approximately 62,535,348 and will increase the number of outstanding shares of Class B common stock from approximately 12,140,108 to approximately 18,210,161. Additionally, the Company's Board of Directors declared a cash dividend of $0.17 per share of Class A and Class B common stock, to be paid on September 22, 2023, to all shareholders of record as of September 7, 2023. “We remain dedicated to returning capital to our shareholders, and we are pleased to announce a post-stock split cash dividend of $0.17 per share. After the stock split, this represents a 21.4% increase in the quarterly cash dividend paid to our shareholders compared to the prior quarterly dividend,” said W.M. “Rusty” Rush, Chairman, Chief Executive Officer and President of Rush Enterprises, Inc.

Rush Enterprises, Inc. Reports Second Quarter 2023 Results, Announces Three-For-Two Stock Split and $0.17 Per Share Dividend (Post-Stock Split)

SAN ANTONIO, Texas, July 12, 2023 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc., (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America will host a conference call to discuss earnings for the second quarter of 2023 on Wednesday, July 26, 2023 at 10:00 a.m. Eastern/9:00 a.m. Central. Earnings will be reported after the close of market on Tuesday, July 25, 2023.

Rush Enterprises, Inc. Conference Call Advisory for Second Quarter 2023 Earnings Results

Despite high inflation and interest rates, Rush Enterprises, a company focused on the sale of commercial vehicles, has outperformed the broader market due to strong revenue and cash flow data. Rush Enterprises' Q1 2023 revenue increased by 22.3% to $1.91 billion, driven by a 28.6% surge in new vehicle units sold. Despite a decline in net income, other profitability metrics improved, with operating cash flow nearly tripling and EBITDA growing.

Rush Enterprises Continues To Justify A Bullish Stance

As a Peterbilt dealer, Rush Enterprises helped its own business and the Paccar brand with blowout sales of truck parts in the first quarter. The nation's largest commercial truck dealership network reported first-quarter revenues of $1.91 billion compared to $1.56 billion a year ago.

Parts sales drive Q1 profits at Rush Enterprises

Rush Enterprises, Inc. (RUSHA) Q1 2023 Earnings Call Transcript.

Rush Enterprises, Inc. (RUSHA) Q1 2023 Earnings Call Transcript

SAN ANTONIO, April 25, 2023 (GLOBE NEWSWIRE) --  Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America, today announced that for the quarter ended March 31, 2023, the Company achieved revenues of $1.912 billion and net income of $90.5 million, or $1.60 per diluted share, compared with revenues of $1.563 billion and net income of $92.5 million, or $1.60 per diluted share, in the quarter ended March 31, 2022. On January 3, 2022, Cummins, Inc. and the Company closed on Cummins' acquisition of a 50% equity interest in Momentum Fuel Technologies that resulted in a $12.5 million gain. Excluding the one-time gain related to the joint venture transaction, the Company's adjusted net income for the quarter ended March 31, 2022 was $82.9 million, or $1.43 per diluted share. Additionally, the Company's Board of Directors declared a cash dividend of $0.21 per share of Class A and Class B Common Stock, to be paid on June 9, 2023, to all shareholders of record as of May 10, 2023.

Rush Enterprises, Inc. Reports First Quarter 2023 Results, Announces $0.21 per Share Dividend

Purcell & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of Rush Enterprises, Inc. (NASDAQ: RUSHA).

SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Is Investigating Rush Enterprises, Inc. for Potential Breaches of Fiduciary Duty By Its Board of Directors

SAN ANTONIO, April 12, 2023 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc., (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America will host a conference call to discuss earnings for the first quarter of 2023 on Wednesday, April 26, 2023 at 10:00 a.m. Eastern/9:00 a.m. Central. Earnings will be reported after the close of market on Tuesday, April 25, 2023.

Rush Enterprises, Inc. Conference Call Advisory for First Quarter 2023 Earnings Results

Rush Enterprises is trading at a significant discount to market at 7.22x EV/EBITDA as compared to the market value of 11x. Through significant growth in aftermarket parts and service and their backlog in Class 8 trucks, Rush has a strong growth potential.

Rush Enterprises Can Still Be Bought At A Significant Discount

Rush Enterprises, Inc. (NASDAQ:RUSHA ) Q4 2022 Earnings Conference Call February 16, 2023 10:00 AM ET Company Participants Marvin Rush - Chairman, CEO & President Steven Keller - CFO & Treasurer Conference Call Participants Justin Long - Stephens Inc. Operator Good day, and thank you for standing by. Welcome to the Rush Enterprises Reports Fourth Quarter and Year-end 2022 Earnings Results.

Rush Enterprises, Inc. (RUSHA) Q4 2022 Earnings Call Transcript

SAN ANTONIO, Texas, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America, today announced that for the year ended December 31, 2022, the Company achieved revenues of $7.1 billion and net income of $391.4 million, or $6.85 per diluted share, compared with revenues of $5.1 billion and net income of $241.4 million, or $4.17 per diluted share, for the year ended December 31, 2021. Additionally, the Company's Board of Directors declared a cash dividend of $0.21 per share of Class A and Class B common stock, to be paid on March 16, 2023, to all shareholders of record as of February 27, 2023.

Rush Enterprises, Inc. Reports Fourth Quarter and Year-End 2022 Results, Announces $0.21 Per Share Dividend

SAN ANTONIO, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc., (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America will host a conference call to discuss earnings for the fourth quarter and year-end 2022 on Thursday, February 16, 2023 at 10:00 a.m. Eastern/9:00 a.m. Central. Earnings will be reported after the close of market on Wednesday, February 15, 2023.

Rush Enterprises, Inc. Conference Call Advisory for Fourth Quarter and Year-End 2022 Earnings Results

SAN ANTONIO, Dec. 02, 2022 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America, today announced that its Board of Directors approved a new stock repurchase program authorizing the Company to repurchase, from time to time, up to an aggregate of $150 million of its shares of Class A common stock, $.01 par value per share, and/or Class B common stock, $.01 par value per share.

Rush Enterprises, Inc. Adopts $150 Million Stock Repurchase Program

Rush Enterprises, Inc. (NASDAQ:RUSHA ) Q3 2022 Earnings Conference Call October 26, 2022 10:00 AM ET Company Participants Rusty Rush - Chairman, CEO and President Steve Keller - CFO Mike McRoberts - COO Conference Call Participants Jamie Cook - Credit Suisse Andrew Obin - Bank of America Operator Good day and thank you for standing by. Welcome to the Rush Enterprises Incorporated Reports Third Quarter 2022 Earnings Results.

Rush Enterprises, Inc. (RUSHA) Q3 2022 Results - Earnings Call Transcript

SAN ANTONIO, Oct. 25, 2022 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America, today announced that for the third quarter ended September 30, 2022, the Company achieved revenues of $1.86 billion and net income of $90.4 million, or $1.59 per diluted share, compared with revenues of $1.27 billion and net income of $69.4 million, or $1.20 per diluted share, in the quarter ended September 30, 2021. Additionally, the Company's Board of Directors declared a cash dividend of $0.21 per share of Class A and Class B common stock, to be paid on December 9, 2022, to all shareholders of record as of November 10, 2022.

Rush Enterprises, Inc. Reports Third Quarter 2022 Results, Announces $0.21 Per Share Dividend

SAN ANTONIO, Texas, Oct. 11, 2022 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc., (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America will host a conference call to discuss earnings for the third quarter of 2022 on Wednesday, October 26, 2022 at 10:00 a.m. Eastern/9:00 a.m. Central. Earnings will be reported after the close of market on Tuesday, October 25, 2022.

Rush Enterprises, Inc. Conference Call Advisory For Third Quarter 2022 Earnings Results

SAN ANTONIO, Texas, Oct. 05, 2022 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc. (NASDAQ: RUSHA and RUSHB), which operates the largest network of commercial vehicle dealerships in North America, is offering limited-edition pink mudflaps to raise awareness for Breast Cancer Awareness Month. The pink mudflaps, which feature the Rush Truck Centers logo and iconic ribbon are available at all Rush Truck Centers locations throughout October. For every mudflap sold, Rush Truck Centers and mudflap manufacturer Roechling Industrial Gastonia will donate $4 to the Breast Cancer Research Foundation.

Rush Enterprises supports the Breast Cancer Research Foundation; Company launches limited-edition pink mudflaps in honor of Breast Cancer Awareness Month

Rush Enterprises, Inc. (NASDAQ:RUSHA ) Q2 2022 Earnings Conference Call July 27, 2022 10:00 AM ET Company Participants Rusty Rush - Chairman, Chief Executive Officer & President Steve Keller - Chief Financial Officer Conference Call Participants Justin Long - Stephens Jamie Cook - Credit Suisse Andrew Obin - Bank of America Matthew Brooklier - Gamco Rusty Rush Good morning. I hope everyone has been able to get through obviously a little new technology to the lakes this morning.

Rush Enterprises, Inc. (RUSHA) CEO Rusty Rush on Q2 2022 Results - Earnings Call Transcript

SAN ANTONIO, July 26, 2022 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America, today announced that for the quarter ended June 30, 2022, the Company achieved revenues of $1.791 billion and net income of $110.2 million, or $1.92 per diluted share, compared with revenues of $1.316 billion and net income of $58.0 million, or $1.00 per diluted share, in the quarter ended June 30, 2021. On May 2, 2022, the Company closed on its acquisition of an additional 30% interest in Rush Truck Centres of Canada Limited, which resulted in a $9.8 million gain. Excluding the one-time gain related to the acquisition, the Company's adjusted net income for the quarter ended June 30, 2022 was $100.4 million, or $1.75 per diluted share. Additionally, the Company's Board of Directors declared a cash dividend of $0.21 per share of Class A and Class B Common Stock, to be paid on September 12, 2022, to all shareholders of record as of August 12, 2022.

Rush Enterprises, Inc. Reports Second Quarter 2022 Results, Announces $0.21 Per Share Dividend

SAN ANTONIO, July 13, 2022 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc., (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America will host a conference call to discuss earnings for the second quarter of 2022 on Wednesday, July 27, 2022 at 10:00 a.m. Eastern/9:00 a.m. Central. Earnings will be reported after the close of market on Tuesday, July 26, 2022.

Rush Enterprises, Inc. Conference Call Advisory for Second Quarter 2022 Earnings Results

Rush Enterprises is near a buy zone with earnings due on or around Jul. 20. The post Stocks To Watch Ahead Of Earnings: Rush Enterprises appeared first on Investor's Business Daily.

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Rush Enterprises, Inc. (NASDAQ:RUSHA ) Q1 2022 Earnings Conference Call April 27, 2022 10:00 AM ET Company Participants Rusty Rush – Chairman, Chief Executive Officer and President Steve Keller – Chief Financial Officer Conference Call Participants Justin Long – Stephens Jamie Cook – Credit Suisse Andrew Obin – Bank of America Operator Good day. And thank you for standing by and welcome to the Rush Enterprises' First Quarter 2022 Earnings Results Call.

Rush Enterprises' (RUSHA) CEO Rusty Rush on Q1 2022 Results - Earnings Call Transcript

SAN ANTONIO, April 26, 2022 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America, today announced that for the quarter ended March 31, 2022, the Company achieved revenues of $1.563 billion and net income of $92.5 million, or $1.60 per diluted share, compared with revenues of $1.232 billion and net income of $45.3 million, or $0.79 per diluted share, in the quarter ended March 31, 2021.   On January 3, 2022, Cummins, Inc. and the Company closed on Cummins' acquisition of a 50% equity interest in Momentum Fuel Technologies that resulted in a $12.5 million gain. Excluding the one-time gain related to the joint venture transaction, the Company's adjusted net income for the quarter ended March 31, 2022 was $82.9 million, or $1.43 per diluted share. Additionally, the Company's Board of Directors declared a cash dividend of $0.19 per share of Class A and Class B Common Stock, to be paid on June 10, 2022, to all shareholders of record as of May 12, 2022.

News for Rush Enterprises Stock (RUSHB)