Rush Enterprises, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024
April 24, 2024 at 06:14 am EDT
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Rush Enterprises, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 87.92 million compared to USD 86.67 million a year ago. Revenue was USD 1,872 million compared to USD 1,911.77 million a year ago.
Net income was USD 71.61 million compared to USD 90.46 million a year ago. Basic earnings per share from continuing operations was USD 0.91 compared to USD 1.1 a year ago. Diluted earnings per share from continuing operations was USD 0.88 compared to USD 1.07 a year ago.
Rush Enterprises, Inc. is an integrated retailer of commercial vehicles and related services. The Company operates through the Truck Segment, which includes its operation of a network of commercial vehicle dealerships under the name Rush Truck Centers. Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, IC Bus, Blue Bird and Dennis Eagle. Through its network of Rush Truck Centers, the Company provides one-stop service for the needs of its commercial vehicle customers, including retail sales of new and used commercial vehicles, aftermarket parts sales, service and repair facilities, financing, leasing and rental, and insurance products. It operates over 125 franchised Rush Truck Centers in 23 states. It also owns and operates over 14 international dealership locations in Ontario. It provides aftermarket parts, service and body shop operations plus financing, insurance, leasing and rental, and chrome accessories and tires.
RUSH ENTERPRISES, INC. 
