Rush Enterprises reports record annual revenue of $7.9B; net income falls to $347M

RUSH ENTERPRISES INC \TX\

2023-FY EPS reported $4.15 revenue$7,925,024,000

Annual revenue $7.9B (up from $7.1B in 2022); net income $347.1M ($4.15 diluted EPS) vs $391.4M ($4.57) in 2022.
Q4 revenue $2.0B; net income $78.0M ($0.95 diluted EPS) vs $98.3M ($1.16) in Q4 2022.
Aftermarket revenue $2.6B (+8.0%); absorption ratio 135.3% (136.6% in 2022); added 215 technicians.
Board declares $0.17/share quarterly dividend, payable March 18, 2024 to holders of record Feb 27, 2024 (unchanged).
Company repurchased $211.7M of stock in 2023; new $150M repurchase authorization through Dec 31, 2024.

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 0.95

RUSH ENTERPRISES INC \TX\ reported fiscal fourth quarter ended December 31, 2023 results: revenue $2.0 billion, net income $78.0 million.

Period: fiscal fourth quarter ended December 31, 2023
Revenue: $2.0 billion
Net income: $78.0 million
Result: reported results

Exact text from the filing

ANNOUNCES $0.17 PER SHARE DIVIDEND ● Annual revenues of $7.9 billion; net income of $347.1 million ● Annual earnings per diluted share of $4.15 ● 4th quarter revenues of $2.0 billion; net income of $78.0 million ● Record high annual revenues driven by strong new truck demand and aftermarket growth ● Board declares cash dividend of $.17 per share of Class A

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

RUSH ENTERPRISES INC \TX\ reported year ended December 31, 2023 results: revenue $7.9 billion, net income $347.1 million, EPS $4.15 per diluted share.

Period: year ended December 31, 2023
Revenue: $7.9 billion
Net income: $347.1 million
EPS: $4.15 per diluted share
Result: reported results

Exact text from the filing

today announced that for the year ended December 31, 2023, the Company achieved revenues of $7.9 billion and net income of $347.1 million, or $4.15 per diluted share

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Source: SEC EDGAR

accession 0001437749-24-003963

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