Welcome to our dedicated page for Rush Enterprises news (Ticker: RUSHA), a resource for investors and traders seeking the latest updates and insights on Rush Enterprises stock.
Rush Enterprises Inc. (RUSHA) operates North America's largest commercial vehicle dealership network, providing integrated solutions from sales to aftermarket services. This news hub delivers official updates on strategic developments impacting the transportation sector.
Access curated press releases and verified announcements covering quarterly earnings, dealership expansions, and industry partnerships. Investors will find material disclosures about operational milestones, fleet management innovations, and financial services updates relevant to commercial vehicle markets.
Our repository includes updates on new vehicle launches, service network growth, and leadership changes, maintained for easy reference. Bookmark this page for direct access to RUSHA's corporate communications without third-party commentary.
Rush Enterprises reported Q1 2023 revenues of $1.912 billion and net income of $90.5 million, maintaining earnings per diluted share at $1.60. Compared to Q1 2022, revenues rose by 22.3%, while net income slightly declined. The company benefited from strong demand for new commercial vehicles, particularly Class 4-7 trucks, achieving a significant aftermarket revenue growth of 19.3% to $648.2 million. A cash dividend of $0.21 per share was declared, payable on June 9, 2023, to shareholders recorded by May 10, 2023. The backlog for trucks stands at $4.210 billion. Despite challenges in the used truck market, Rush remains optimistic about continued production recovery and strong demand.
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