Rush Enterprises Q1 EPS $0.88 vs $1.07; revenue down 2.1%; declares $0.17 dividend

RUSH ENTERPRISES INC \TX\

2024-Q1 EPS reported $0.88 revenue$1,871,999,000

Net income $71.6M, diluted EPS $0.88 vs $1.07 in Q1 2023; revenue $1.872B (-2.1% YoY).
New Class 8 truck sales fell 20% YoY to 3,494 units; Class 4-7 sales up 9.6% to 3,331.
Aftermarket parts/service revenue $649.2M (flat); absorption ratio 130.1% (down from 136.5%).
Board declares $0.17/share quarterly dividend, payable June 10, record May 9; stock repurchases $5.6M in Q1.
Management expects Class 8 demand to remain soft due to freight recession; reducing expenses.

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, 2024 results: revenue $1.872 billion, net income $71.6 million, EPS $0.88 per diluted share.

Period: the quarter ended March 31, 2024
Revenue: $1.872 billion
Net income: $71.6 million
EPS: $0.88 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, 2024, the Company achieved revenues of $1.872 billion and net income of $71.6 million, or $0.88 per diluted share, compared with revenues of $1.912 billion and net income of $90.5 million, or $1.07 per diluted share, in the quarter ended March 31, 2023.

View on SEC.gov

1436 earnings releases filed in the last 30 days. Browse all earnings releases →

RUSH ENTERPRISES INC \TX\ filing history →

Source: SEC EDGAR

accession 0001437749-24-012889

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.