secwatch.observer — SEC 8-K summary
======================================

Issuer:     RUSH ENTERPRISES INC \TX\ (RUSHA)
CIK:        0001012019
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0001437749-24-003963
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1012019/000143774924003963/0001437749-24-003963-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1012019/000143774924003963/rusha20240213_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-003963

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer