RUSH ENTERPRISES Reports FY2022 Q4 Earnings Results for December 31 2022

March 19, 2023

Earnings Overview

For the fourth quarter of FY2022 ending December 31 2022, RUSH ENTERPRISES ($NASDAQ:RUSHB) reported a 43.3% year-over-year increase in total revenue to USD 98.3 million and a 43.5% year-over-year increase in net income to USD 1882.9 million. The company released these results on February 15 2023.

Transcripts Simplified

In the fourth quarter of 2022, Rush Enterprises achieved $1.9 billion in revenues and $98 million in net income. They also declared a cash dividend of $0.21 per common share. Demand for new vehicles, aftermarket parts and services was strong due to supply constraints and the healthy economy. They invested in strategic initiatives and acquired additional shares in Rush Truck Centers Canada Limited. They also closed an agreement with Cummins for 50% stake in Momentum Fuel Technologies.

In terms of growth, they expanded their network in Florida and Missouri and added a truck franchise in Kansas. In terms of aftermarket performance, they had $2.4 billion in parts, service and body shop revenues, a 32.3% increase. They added 190 service technicians and expanded their aftermarket sales representatives. In terms of truck sales, they sold 16,778 new Class 8 trucks, accounting for 6.3% of the total U.S. Class 8 market.

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Rush Enterprises. More…

    Total Revenues Net Income Net Margin
    7.1k 391.38 5.5%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Rush Enterprises. More…

    Operations Investing Financing
    294.4 -240.93 -0.69
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Rush Enterprises. More…

    Total Assets Total Liabilities Book Value Per Share
    3.82k 2.06k 32.05
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Rush Enterprises are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    6.9% 32.5% 7.5%
    FCF Margin ROE ROA
    0.7% 19.4% 8.7%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Price History

    On Wednesday, RUSH ENTERPRISES reported their fiscal year 2022 fourth quarter earnings results for the period ending December 31, 2022. The company’s stock opened at $60.8 and closed at $61.2, up by 0.5% from its previous closing price of $60.9. This modest increase in stock price is a sign of the steady growth that RUSH ENTERPRISES has undergone in the last year due to their innovative product launches and strategic partnerships. Over the course of the last quarter, RUSH ENTERPRISES has significantly increased their revenue through these initiatives, as well as their expansion into new markets. Furthermore, the company has been able to increase their profitability by reducing costs and optimizing their operations.

    Overall, the company’s Q4 earnings report reflects the positive trend that RUSH ENTERPRISES has been experiencing over the past year. The modest increase in stock price is a testament to the success of their strategies, and investors appear confident in the future of the company. Looking ahead, RUSH ENTERPRISES is well-positioned to continue their impressive growth trajectory in the coming quarters. Live Quote…


    We at GoodWhale recently performed an analysis on the well-being of RUSH ENTERPRISES. After careful consideration, we have determined that RUSH ENTERPRISES is a medium risk investment in terms of financial and business aspects. We have also detected 1 risk warning in the non-financial sector, however in order to review this information, you must register with us to access this data. Our team is fully committed to providing you with the best possible service and analysis when it comes to your investment needs. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Summary

    Investing in Rush Enterprises has been a profitable venture. For the fourth quarter of FY2022, the company reported total revenue of USD 98.3 million – a 43.3% increase from the same quarter the previous year. Net income also surged by 43.5% to USD 1882.9 million.

    This demonstrates the company’s positive financial performance and high potential for profit. Investors can be optimistic about the future of this business, given its strong and consistent growth.

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