Rush Enterprises Q2 revenue $2.0B (+11.8% YoY), EPS $1.75; announces 3:2 stock split and 21.4% dividend hike

RUSH ENTERPRISES INC \TX\

2023-Q2 EPS reported $3.35 revenue$3,914,819,000

Net income $98.3M ($1.75 diluted EPS); adjusted prior-year EPS also $1.75 after excluding a $9.8M Canada acquisition gain.
Aftermarket revenue $651.1M (absorp. ratio 139.7%); 4,300 new Class 8 and 3,477 new Class 4-7 trucks sold.
Board declares 3-for-2 stock split payable Aug 28, 2023 to holders of record Aug 7, 2023.
Post-split quarterly dividend raised 21.4% to $0.17/share, payable Sep 22, 2023 to record Sep 7, 2023.
Company repurchased $40.3M of common stock during Q2; used truck demand/values remain weak.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

RUSH ENTERPRISES INC \TX\ reported the quarter ended June 30, 2023 results: revenue $2.003 billion, net income $98.3 million, EPS $1.75 per diluted share.

Period: the quarter ended June 30, 2023
Revenue: $2.003 billion
Net income: $98.3 million
EPS: $1.75 per diluted share
Result: reported results

Exact text from the filing

for the quarter ended June 30, 2023, the Company achieved revenues of $2.003 billion and net income of $98.3 million, or $1.75 per diluted share

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Source: SEC EDGAR

accession 0001437749-23-020622

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