Rush Enterprises Q3 rev $1.98B (+6.2%); EPS $0.96 vs $1.06; declares $0.17 dividend

RUSH ENTERPRISES INC \TX\

2023-Q3 EPS reported $3.19 revenue$5,895,559,000

Revenue $1.981B (+6.2% YoY); net income $80.3M ($0.96 diluted EPS) down from $90.4M ($1.06).
Aftermarket revenue $643.6M (+3.5% YoY); absorption ratio 132.8% vs 136.2%.
New Class 8 truck sales 4,326 units (+3% YoY); new medium-duty 3,244 (+0.7%).
Board declared $0.17 per share dividend, payable Dec 12, 2023 to holders of record Nov 9.
Company repurchased $43.5M of stock in Q3; ended with $192M cash.

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 third quarter ended September 30, 2023 results: revenue $1.981 billion, net income $80.3 million, EPS $0.96 per diluted share.

Period: third quarter ended September 30, 2023
Revenue: $1.981 billion
Net income: $80.3 million
EPS: $0.96 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 third quarter ended September 30, 2023, the Company achieved revenues of $1.981 billion and net income of $80.3 million, or $0.96 per diluted share, compared with revenues of $1.86 billion and net income of $90.4 million, or $1.06 per diluted share, in the quarter ended September 30, 2022.

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Source: SEC EDGAR

accession 0001437749-23-028864

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