SplitJul 28, 2026, 05:31 PM
Rush Enterprises Announces 3-for-2 Stock Split, Q2 Results, Dividend Hike
AI Summary
Rush Enterprises announced a three-for-two stock split and a 10.5% increase in its quarterly cash dividend to $0.14 per share (post-split). For Q2 2026, the company reported revenues of $1.900 billion, a slight decrease from the prior year, but net income rose to $72.8 million, with diluted EPS at $0.91. The company also expanded its network through acquisitions in Louisiana and Canada and entered a joint venture agreement with MCT Companies.
Key Highlights
- Board declared a three-for-two stock split for Class A and Class B common stock.
- Stock split payable August 31, 2026, to shareholders of record as of August 11, 2026.
- Declared a post-stock split cash dividend of $0.14 per share, a 10.5% increase.
- Q2 2026 revenues were $1.900 billion, a 1.6% decrease year-over-year.
- Q2 2026 net income was $72.8 million, and diluted EPS was $0.91.
- Acquired five Peterbilt dealerships in Louisiana and five dealerships in Ontario, Canada.
- Signed agreement to form a 50% owned joint venture with MCT Companies.
- Aftermarket products and services revenue increased 1.5% to $645.7 million.
Price Impact
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