Quarterly ResultApr 28, 2026, 05:32 PM
RUSHA Q1 Revenue $1.68B, Net Income $61.5M; Dividend $0.19
AI Summary
Rush Enterprises, Inc. reported Q1 2026 revenues of $1.68 billion, a 9.2% decrease YoY, but net income increased 2.0% to $61.5 million, with diluted EPS rising 5.5% to $0.77. The Board declared a cash dividend of $0.19 per share. The company also signed an agreement to acquire six Peterbilt dealerships and one TRP location, expanding its network. Management noted improving market conditions despite continued industry weakness.
Key Highlights
- Q1 2026 revenue was $1.68 billion, down 9.2% from $1.85 billion in Q1 2025.
- Net income for Q1 2026 increased 2.0% to $61.5 million ($0.77 diluted EPS) from $60.3 million ($0.73 diluted EPS) in Q1 2025.
- Board declared a cash dividend of $0.19 per share, payable June 10, 2026.
- Signed agreement to acquire 6 Peterbilt dealerships and 1 TRP location in Louisiana and Mississippi.
- Aftermarket products and services revenue rose 1.3% to $627.2 million, contributing 66.1% of total gross profit.
- Company's absorption ratio was 126.9% in Q1 2026.
- New U.S. Class 8 truck sales decreased 6.0% to 2,964 units, outperforming the industry's 21.0% decline.
- Used commercial vehicle sales increased 5.4% to 1,865 units.
Price Impact
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