Welcome to our dedicated page for Rush Enterprises news (Ticker: RUSHB), a resource for investors and traders seeking the latest updates and insights on Rush Enterprises stock.
Rush Enterprises Inc (RUSHB) operates North America's largest network of commercial truck dealerships, providing integrated retail solutions and aftermarket services. This page aggregates official announcements and verified updates about the company's operations, financial performance, and industry leadership.
Investors and industry professionals will find timely updates on quarterly earnings, strategic partnerships, dealership expansions, and technological initiatives. All content is sourced directly from company filings and authorized communications to ensure accuracy.
The repository includes press releases about new service offerings, financial disclosures detailing operational results, and strategic announcements regarding fleet solutions and manufacturer partnerships. Content is organized chronologically for transparent tracking of corporate developments.
Bookmark this page for streamlined access to Rush Enterprises' latest business updates. Combine these verified reports with Stock Titan's financial analysis tools for comprehensive investment research.
Rush Enterprises (NASDAQ: RUSHA & RUSHB) reported Q2 2024 results with revenues of $2.027 billion and net income of $78.7 million, or $0.97 per diluted share. This compares to revenues of $2.003 billion and net income of $98.3 million, or $1.17 per diluted share, in Q2 2023. The company faced challenging market conditions, including weak demand for Class 8 trucks and aftermarket parts due to the ongoing freight recession and high interest rates. Despite this, Rush Enterprises maintained strong performance in certain sectors, such as public and vocational segments. The company's Board declared a cash dividend of $0.18 per share, a 5.9% increase over the prior quarter. Rush Enterprises sold 4,128 new Class 8 trucks and 3,691 Class 4-7 medium-duty vehicles in Q2 2024. The company achieved an absorption ratio of 134.0% and expects market conditions to remain challenging in the near term.
Rush Enterprises, operator of the largest commercial vehicle dealership network in North America, will release its Q2 2024 earnings on July 31, 2024, after market close. A conference call to discuss the results is scheduled for August 1, 2024, at 10:00 a.m. Eastern/9:00 a.m. Central. Interested parties can register for the call online, and a replay will be available for those unable to attend the live broadcast.
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