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 reports recurring developments tied to its commercial vehicle dealership network, Rush Truck Centers, and related services for truck and bus customers. The company sells new and used commercial vehicles from manufacturers such as Peterbilt, International, Hino, Isuzu, Ford, IC Bus and Blue Bird, and provides aftermarket parts, service, collision repair, financing, insurance, leasing and rental solutions across U.S. markets and Ontario, Canada.
Company news commonly covers quarterly and annual operating results, aftermarket gross profit and absorption-ratio metrics, Class A and Class B common stock dividends, share repurchase authorization, dealership network activity, vehicle technology offerings, and executive leadership updates.
Rush Enterprises will host a conference call on April 22, 2021, at 10:00 a.m. Eastern to discuss its Q1 2021 earnings. Earnings will be reported post-market on April 21, 2021. Interested parties can listen live by calling 914-495-8522 or 877-638-4557 (toll-free) and entering the Conference ID 4369865. The call will also be accessible via the investor website.
The company operates the largest network of commercial vehicle dealerships in North America.
Rush Enterprises, Inc. (NASDAQ: RUSHA, RUSHB) announced the retirement of Senior Vice President of Truck Sales, Jim Thor, effective March 12, 2021. Thor has been pivotal since joining in 2004, overseeing significant growth in vehicle sales from 9,856 in 2004 to 30,513 in 2020. He contributed to the establishment of dedicated sales teams and enhanced training programs. Jody Pollard will replace Thor, bringing extensive management experience within the company. Rush Enterprises operates over 100 commercial vehicle dealerships in 22 states, representing major manufacturers.
Rush Enterprises reported annual revenues of $4.7 billion and net income of $114.9 million for 2020, with earnings per diluted share at $2.04. This represents a decline from 2019's revenues of $5.8 billion and net income of $141.6 million. The 4th quarter revenues stood at $1.3 billion, with $41 million in net income. The Board declared a $0.18 cash dividend per share, a 29% increase from the previous quarter. Despite challenges from the COVID-19 pandemic, strategic initiatives helped sustain performance and strengthen the balance sheet.
Rush Enterprises, Inc. (NASDAQ: RUSHA, RUSHB) announced a conference call set for October 22, 2020, at 10:00 a.m. Eastern to discuss their third-quarter earnings, with reports available after market close on October 21, 2020. Investors can participate by calling 914-495-8522 or toll-free at 877-638-4557, using conference ID 3757724. The company operates over 100 commercial vehicle dealerships across North America, representing major manufacturers like Peterbilt and Ford, providing comprehensive services including sales, parts, and financing.
Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB) announced a three-for-two stock split on both Class A and Class B common stocks, effective October 12, 2020. Stockholders of record as of September 28, 2020, will receive an additional half share for each share held. This split will increase the number of Class A shares from approximately 28.1 million to about 42.2 million and Class B shares from roughly 8.4 million to 12.6 million. Additionally, the CEO stated plans to maintain a quarterly cash dividend of $0.14 per share, effectively raising the dividend by 50%.