Rush Enterprises Inc - RUSHB STOCK NEWS

Rush Enterprises reported record annual revenues of $7.1 billion for 2022, with a net income of $391.4 million, equating to earnings of $6.85 per diluted share. This reflects a significant increase from $5.1 billion in revenues and $241.4 million in net income in 2021. The board declared a cash dividend of $0.21 per share for both Class A and Class B stock, to be paid on March 16, 2023. The strong performance was attributed to increased dealership numbers and robust demand for Class 8 trucks and aftermarket services. Aftermarket revenues rose 32.3% year-over-year, contributing to overall profitability.

Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB) will host a conference call on February 16, 2023, at 10:00 a.m. Eastern to discuss its earnings for the fourth quarter and year-end 2022. Earnings results will be released after market close on February 15, 2023. The call is accessible online, and participants are encouraged to register in advance. Rush Enterprises operates the largest commercial vehicle dealership network in North America, with 139 locations in 23 states, offering services from vehicle sales to aftermarket support. For further details, visit their investor relations website.

Rush Enterprises has announced a new stock repurchase program of up to $150 million for its Class A and Class B common stock. This program, which represents a 50% increase over the previous plan, demonstrates the company's confidence in achieving its five-year strategy aiming for $10 billion in revenue and a 6% pre-tax return on sales. The prior program, which saw $93.1 million in shares repurchased, was terminated to make way for this new initiative, effective until December 31, 2023.

Rush Enterprises reported strong Q3 2022 results with revenues reaching $1.86 billion and net income of $90.4 million, translating to $1.59 per diluted share. This reflects a 47.2% increase in revenues compared to Q3 2021. The Board declared a cash dividend of $0.21 per share, payable on December 9, 2022. The company continues to experience robust demand for commercial vehicles and aftermarket services, while also managing supply chain challenges. Additionally, aftermarket services generated approximately 63.8% of gross profits, indicating a strategic focus on this segment.

Rush Enterprises will host a conference call on October 26, 2022, at 10:00 a.m. Eastern/9:00 a.m. Central to discuss its Q3 2022 earnings. Earnings will be reported after the market close on October 25, 2022. Interested participants can register for the call through the provided link. A replay of the webcast will be available after the call. Rush Enterprises operates the largest network of commercial vehicle dealerships in North America, with 139 locations across 23 states, offering comprehensive services for various truck and bus manufacturers.

Rush Enterprises is promoting limited-edition pink mudflaps during Breast Cancer Awareness Month, with $4 from each sale going to the Breast Cancer Research Foundation. The mudflaps feature the Rush Truck Centers logo and are available in three sizes across North America. The initiative, led by CEO W.M. Rush, aims to raise awareness and support for breast cancer research. The company has previously raised over $9,000 through sales of graphic tees. This campaign highlights Rush Enterprises’ commitment to social causes while engaging customers and employees.

Rush Enterprises reported record revenues of $1.791 billion and net income of $110.2 million for Q2 2022, marking a 36.1% increase from the previous year. Earnings per share were $1.92, or $1.75 when excluding a $9.8 million one-time gain from an acquisition. The Board declared a cash dividend of $0.21 per share, a 10.5% increase over the prior quarter, payable on September 12, 2022. The company continues to face challenges with supply chain constraints but anticipates strong ongoing demand for commercial vehicles.

Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB) is set to announce its second-quarter 2022 earnings after the market closes on July 26, 2022. A conference call will follow on July 27, 2022, at 10:00 a.m. Eastern Time. Rush Enterprises operates the largest network of commercial vehicle dealerships in North America, with 139 locations across 23 states. They provide a comprehensive range of services including sales of new and used vehicles, aftermarket parts, and financing options.

Rush Enterprises reported strong first quarter results for 2022, achieving revenues of $1.563 billion and net income of $92.5 million, with earnings per diluted share of $1.60. The results reflect a significant increase from $1.232 billion in revenues and $45.3 million in net income from the previous year.

The board declared a cash dividend of $0.19 per share, payable on June 10, 2022. Despite production challenges, Class 8 truck sales rose by 17.8%, highlighting strong demand across various market segments.