AcquisitionsApr 28, 2026, 05:18 PM
RUSHA Acquires 7 Dealerships; Q1 Rev $1.68B, EPS $0.77
AI Summary
Rush Enterprises, Inc. announced Q1 2026 revenues of $1.68 billion and net income of $61.5 million, or $0.77 per diluted share. This compares to revenues of $1.85 billion and net income of $60.3 million, or $0.73 per diluted share, in Q1 2025. The company's Board of Directors also declared a cash dividend of $0.19 per share. Additionally, Rush Enterprises signed an agreement to acquire seven Peterbilt and TRP dealerships in Louisiana and Mississippi, expanding its network. Despite continued industry weakness, management believes Q1 represents the trough of the current downcycle, with gradual market improvement expected for the remainder of 2026, supported by resilient aftermarket performance and strategic expansion.
Key Highlights
- Signed asset purchase agreement to acquire 7 Peterbilt and TRP dealerships in Louisiana and Mississippi.
- Q1 2026 revenues of $1.68 billion, compared to $1.85 billion in Q1 2025.
- Q1 2026 net income of $61.5 million, up from $60.3 million in Q1 2025.
- Q1 2026 diluted earnings per share of $0.77, up from $0.73 in Q1 2025.
- Board declared a cash dividend of $0.19 per share of Class A and Class B common stock.
- Aftermarket products and services revenue totaled $627.2 million, up 1.3% compared to Q1 2025.
- Aftermarket products and services accounted for 66.1% of total gross profit in Q1 2026.
- Achieved a quarterly absorption ratio of 126.9% in Q1 2026.