Rush Enterprises

Rush Enterprises, Inc. Reports Third Quarter 2023 Results, Announces $0.17 Per Share Dividend

Retrieved on: 
Tuesday, October 24, 2023
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In addition, we believe our fourth quarter Class 8 new truck sales results will be consistent with our third quarter results,” Rush added.

Key Points: 
  • In addition, we believe our fourth quarter Class 8 new truck sales results will be consistent with our third quarter results,” Rush added.
  • The Company sold 1,797 used commercial trucks in the third quarter of 2023, an increase of 1.9% over the third quarter of 2022.
  • Lease and rental revenue increased 4.4% in the third quarter of 2023 compared to the third quarter of 2022.
  • Rush Enterprises will host its quarterly conference call to discuss earnings for the third quarter on Wednesday, October 25, 2023, at 10 a.m. Eastern/9 a.m. Central.

Rush Enterprises, Inc. Announces Additions to Board of Directors

Retrieved on: 
Tuesday, October 10, 2023
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Ms. Boerger, 61, served as Vice President and General Manager at Cummins Inc. until her retirement in March 2023.

Key Points: 
  • Ms. Boerger, 61, served as Vice President and General Manager at Cummins Inc. until her retirement in March 2023.
  • She will serve as an independent member of the Board of Directors.
  • Mr. McRoberts, 64, was appointed to the position of Chief Operating Officer of Rush Enterprises, Inc. in July 2016.
  • Both Amy and Michael bring new, important and valuable perspectives to our Board and their insights will be crucial to guiding and growing the Company in the future,” said Rush.

The Shyft Group Signs Agreement With Rush Enterprises Commercial Vehicle Dealer Group for Sales and Service of Blue Arc™ Electric Vehicles

Retrieved on: 
Monday, October 2, 2023
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NOVI, Mich. and SAN ANTONIO, Oct. 02, 2023 (GLOBE NEWSWIRE) -- The Shyft Group, Inc. (NASDAQ: SHYF), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, today announced it has finalized an agreement with Rush Enterprises, which operates the largest network of commercial vehicle dealerships in North America, to sell and service the Company’s Blue Arc™ Class 3, 4 and 5 all-electric delivery vehicles.

Key Points: 
  • “The Shyft Group’s 50 years of experience in the last mile delivery market makes them uniquely qualified to create an impressive EV solution from the ground up.
  • We are happy to offer The Shyft Group’s Blue Arc EVs to our Class 3-5 customers across the country,” Rush added.
  • The Blue Arc portfolio includes Class 3 all electric delivery vehicles offering 600, 700 or 800 cubic feet of cargo capacity and up to 5,000 lbs of payload.
  • Vehicle sales and service support will be offered through authorized dealerships strategically located across Rush Truck Centers’ nationwide network.

Rush Enterprises announces limited-edition pink mudflaps and monetary donation in support of the Breast Cancer Research Foundation

Retrieved on: 
Tuesday, September 5, 2023
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The pink mudflaps, which feature the Rush Truck Centers logo and iconic ribbon are available at all Rush Truck Centers locations in September and October.

Key Points: 
  • The pink mudflaps, which feature the Rush Truck Centers logo and iconic ribbon are available at all Rush Truck Centers locations in September and October.
  • For every mudflap sold, Rush Truck Centers and promotional marketing company Boundless will donate $2 to the Breast Cancer Research Foundation.
  • Founded in 1993, the Breast Cancer Research Foundation is the largest private funder of breast cancer research in the world.
  • There are more than 4 million breast cancer survivors in the U.S., and deaths from breast cancer have declined 43% since 1989.

Rush Enterprises, Inc. Reports Second Quarter 2023 Results, Announces Three-For-Two Stock Split and $0.17 Per Share Dividend (Post-Stock Split)

Retrieved on: 
Tuesday, July 25, 2023
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The stock split will be effected in the form of a stock dividend payable on August 28, 2023, to shareholders of record as of August 7, 2023.

Key Points: 
  • The stock split will be effected in the form of a stock dividend payable on August 28, 2023, to shareholders of record as of August 7, 2023.
  • The Company sold 1,869 used commercial trucks in the second quarter of 2023, an increase of 14.7% over the second quarter of 2022.
  • Lease and rental revenue increased 9.9% in the second quarter of 2023 compared to the second quarter of 2022.
  • During the second quarter of 2023, the Company repurchased $40.3 million of its common stock pursuant to its stock repurchase plan.

Rush Enterprises, Inc. Reports First Quarter 2023 Results, Announces $0.21 per Share Dividend

Retrieved on: 
Tuesday, April 25, 2023
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SAN ANTONIO, April 25, 2023 (GLOBE NEWSWIRE) --  Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America, today announced that for the quarter ended March 31, 2023, the Company achieved revenues of $1.912 billion and net income of $90.5 million, or $1.60 per diluted share, compared with revenues of $1.563 billion and net income of $92.5 million, or $1.60 per diluted share, in the quarter ended March 31, 2022. On January 3, 2022, Cummins, Inc. and the Company closed on Cummins’ acquisition of a 50% equity interest in Momentum Fuel Technologies that resulted in a $12.5 million gain. Excluding the one-time gain related to the joint venture transaction, the Company’s adjusted net income for the quarter ended March 31, 2022 was $82.9 million, or $1.43 per diluted share. Additionally, the Company’s Board of Directors declared a cash dividend of $0.21 per share of Class A and Class B Common Stock, to be paid on June 9, 2023, to all shareholders of record as of May 10, 2023.

Key Points: 
  • The Company achieved a quarterly absorption ratio of 136.5% in the first quarter of 2023, compared to 136.3% in the first quarter of 2022.
  • The Company sold 1,684 used commercial vehicles in the first quarter of 2023, a 29.7% decrease compared to the first quarter of 2022.
  • Lease and rental revenue increased 21.5% in the first quarter of 2023 compared to the first quarter of 2022.
  • Rush Enterprises will host its quarterly conference call to discuss earnings for the first quarter on Wednesday, April 26, 2023, at 10 a.m. Eastern/9 a.m. Central.

EDUARDO CONRADO AND ELAINE MENDOZA NOMINATED TO JOIN SOUTHWEST AIRLINES' BOARD OF DIRECTORS

Retrieved on: 
Thursday, April 6, 2023
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DALLAS, April 6, 2023 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) announced today that its Board of Directors has named Eduardo Conrado and Elaine Mendoza as candidates to join the Board.

Key Points: 
  • DALLAS, April 6, 2023 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) announced today that its Board of Directors has named Eduardo Conrado and Elaine Mendoza as candidates to join the Board.
  • Both Conrado and Mendoza, along with the other Board nominees, will be on the ballot at the 2023 Annual Shareholders Meeting.
  • Conrado and Mendoza are being considered to succeed current Board members John Denison and Nancy Loeffler who have announced they will not stand for re-election to the Board.
  • Conrado is currently on the board of directors of ArcBest Corporation (Nasdaq: ARBC), and he has also served on the board of directors for Ascension and the Chicago Red Cross.

Rush Enterprises, Inc. Reports Fourth Quarter and Year-End 2022 Results, Announces $0.21 Per Share Dividend

Retrieved on: 
Wednesday, February 15, 2023
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In the fourth quarter of 2022, the Company’s revenues totaled $1.9 billion, compared to revenues of $1.3 billion reported for the fourth quarter of 2021.

Key Points: 
  • In the fourth quarter of 2022, the Company’s revenues totaled $1.9 billion, compared to revenues of $1.3 billion reported for the fourth quarter of 2021.
  • Aftermarket products and services revenues were $608.7 million in the fourth quarter of 2022, compared to $469.1 million in the fourth quarter of 2021.
  • The Company’s absorption ratio was 136.5% in the fourth quarter of 2022, compared to 133.3% in the fourth quarter of 2021.
  • Lease and rental revenue increased 30.5% in the fourth quarter of 2022, compared to the fourth quarter of 2021.

Rush Enterprises, Inc. Adopts $150 Million Stock Repurchase Program

Retrieved on: 
Friday, December 2, 2022
Security (finance), Form 10-K, Person, Rush Enterprises, International, IC Bus, Isuzu, Ford Motor Company, Securities and Exchange Commission (Nigeria), Growth, Annual report, CNG, SAN, Acquisition, Share repurchase, Insurance, Car rental

I am pleased to announce the approval of a new $150 million stock repurchase program, an increase of 50% over the amount authorized for the prior stock repurchase plan,said W.M.

Key Points: 
  • I am pleased to announce the approval of a new $150 million stock repurchase program, an increase of 50% over the amount authorized for the prior stock repurchase plan,said W.M.
  • This new stock repurchase program replaces the Companys prior $100 million stock repurchase program.
  • The actual timing, number and value of repurchases under the new stock repurchase program will be determined by management in its discretion and will depend on a number of factors, including market conditions, stock price and other factors.
  • The new stock repurchase program expires on December 31, 2023, and may be suspended or discontinued at any time.

Rush Enterprises, Inc. Conference Call Advisory For Third Quarter 2022 Earnings Results

Retrieved on: 
Tuesday, October 11, 2022
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SAN ANTONIO, Texas, Oct. 11, 2022 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc., (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America will host a conference call to discuss earnings for the third quarter of 2022 on Wednesday, October 26, 2022 at 10:00 a.m. Eastern/9:00 a.m. Central.

Key Points: 
  • SAN ANTONIO, Texas, Oct. 11, 2022 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc., (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America will host a conference call to discuss earnings for the third quarter of 2022 on Wednesday, October 26, 2022 at 10:00 a.m. Eastern/9:00 a.m. Central.
  • Earnings will be reported after the close of market on Tuesday, October 25, 2022.
  • The call will be available at http://investor.rushenterprises.com/events.cfm on Wednesday, October 26, 2022 at 10:00 a.m. Eastern/9:00 a.m. Central.
  • Rush Enterprises' operations also provide CNG fuel systems, telematics products and other vehicle technologies, as well as vehicle up-fitting, chrome accessories and tires.