Rush Enterprises Q1 revenue $1.912B (+22.3% YoY), EPS $1.60; declares $0.21 dividend

RUSH ENTERPRISES INC \TX\

2023-Q1 EPS reported $1.60 revenue$1,911,767,000

Revenue $1.912B, net income $90.5M, diluted EPS $1.60 (vs adjusted $1.43 in Q1 2022).
Aftermarket revenue $648.2M (+19.3% YoY); absorption ratio 136.5%.
New Class 8 truck sales up 23.7% to 4,365 units; Class 4-7 sales up 41.9% to 3,038 units.
Board declares $0.21/share dividend payable June 9, 2023 to holders of record May 10, 2023.
Company repurchased $25.3M of common stock in Q1.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RUSH ENTERPRISES INC \TX\ reported the quarter ended March 31, 2023 results: revenue $1.912 billion, net income $90.5 million, EPS $1.60 per diluted share.

Period: the quarter ended March 31, 2023
Revenue: $1.912 billion
Net income: $90.5 million
EPS: $1.60 per diluted share
Result: reported results

Exact text from the filing

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

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Source: SEC EDGAR

accession 0001437749-23-011018

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