RUSH ENTERPRISES INC TX

Rush Enterprises reported Q2 2026 net income attributable to the company of $72.76 million, a slight increase of 0.45% year-over-year, with diluted EPS rising 1.1% to $0.91. However, total revenue for the quarter decreased by 1.6% to $1.90 billion, primarily due to a 3.6% decline in new and used commercial vehicle sales, partially offset by a 1.5% increase in aftermarket sales. The company also increased its dividends declared per common share to $0.19 and saw its cash position improve by 24.6% since year-end 2025, despite a significant 49.2% decrease in net cash provided by operating activities for the six-month period.

Rush Enterprises, Inc. announced that its subsidiary, Rush Truck Centres of Canada Limited (RTC-Canada), extended two credit agreements with Bank of Montreal (BMO) to December 31, 2029. The Second Amendment to the BMO Revolving Lease and Rental Credit Agreement also removed a $20.0 million CAD accordion feature, which RTC-Canada deemed unnecessary. The Fifth Amendment to the Amended and Restated BMO Wholesale Financing and Security Agreement was also extended.

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.

Rush Enterprises, Inc. announced it will host a conference call to discuss its second quarter 2026 earnings on Wednesday, July 29, 2026, at 10:00 a.m. Eastern Time. The company plans to report its Q2 2026 earnings after the close of market on Tuesday, July 28, 2026. A webcast of the call will be accessible via the company's investor relations website.

Rush Enterprises, Inc. announced that its Class A and Class B common stock has been approved for dual listing on Nasdaq Texas, LLC, with trading expected to begin on July 1, 2026. The company will retain its primary listing on the Nasdaq Global Select Market. Additionally, the Board of Directors approved new base salaries for its named executive officers, effective July 1, 2026, including increases for CEO W.M. "Rusty" Rush to $1,855,802 and CFO Steven L. Keller to $562,506.

Rush Enterprises, Inc. announced the dual listing of its common stock on the newly established Nasdaq Texas, LLC exchange, effective July 1, 2026. The company will maintain its primary listing on the Nasdaq Global Select Market, and this move is intended to broaden capital access for companies with strong ties to Texas. The dual listing will not involve the issuance of new shares, nor will it alter the company's governance structure or reporting obligations.

Rush Enterprises, Inc. announced that its subsidiary, Rush Truck Centres of Canada Limited (RTC-Canada), along with the company as guarantor, entered into the Fourth Amendment to its wholesale financing agreement with Bank of Montreal. Effective June 15, 2026, this amendment increases the total loan commitment from $171.7 million CAD to $194.7 million CAD. This adjustment provides RTC-Canada with increased financial flexibility for its operations.

Rush Enterprises, Inc. announced that its senior management will be meeting with current and potential investors and business analysts over the next couple of months. For these meetings, the company intends to use an Investor Presentation, which is furnished as Exhibit 99.1 to its Current Report on Form 8-K. The Investor Presentation will also be made available in the "Investor Relations" section of the company's website.

Rush Enterprises reported Q1 2026 diluted EPS of $0.77, a 5.5% increase from $0.73 in Q1 2025, despite a 9.0% decrease in total revenue to $1.68 billion. Net income attributable to the company rose 1.9% to $61.45 million. The company also increased its quarterly dividend to $0.19 per share. The outlook for new U.S. Class 8 retail truck sales in 2026 is positive, with a forecast increase of 5.7%.

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.