RUSH ENTERPRISES Reports Record Revenues and Net Income for Fiscal Year 2023 Q2

August 28, 2023

🌥️Earnings Overview

For the fiscal year 2023 Q2, RUSH ENTERPRISES ($NASDAQ:RUSHB) reported a total revenue of USD 2003.0 million and a net income of USD 98.3 million, ending on June 30 2023. Compared to the same period last year, this marks a 11.8% rise in revenue and a 10.8% decrease in net income.

Share Price

This is the largest quarter-over-quarter growth for the company since its inception and is a testament to the success of its business model. On Tuesday, RUSH ENTERPRISES stock opened at $70.4 and closed at $70.6, up by 0.7% from its prior closing price of $70.1. This adds to the continuous string of successes for the company and its shareholders. RUSH ENTERPRISES’ forecasted revenues for the coming year have been estimated to exceed $8 billion, meaning that the company’s upward trajectory in terms of revenues and net income will likely continue. The increase in RUSH ENTERPRISES stock price reflects the confidence investors have in the company’s ability to deliver strong results quarter after quarter.

This new financial milestone achieved by the company is sure to increase investor interest in the stock even further. RUSH ENTERPRISES’ impressive performance over the past quarter is expected to drive increased demand for company’s products and services from its customers. With such a strong performance, RUSH ENTERPRISES has once again proven itself to be a leader in its field and a reliable partner for its clients. Live Quote…

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
    7.66k 377.43 4.9%
  • 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
    352.28 -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
    4.13k 2.24k 34.41
  • 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
    13.7% 51.0% 7.3%
    FCF Margin ROE ROA
    0.8% 18.9% 8.4%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    As GoodWhale, we conducted an analysis of RUSH ENTERPRISES‘ fundamentals and concluded that it is classified as a ‘gorilla’ according to Star Chart – a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. Investors who are looking for companies with strong competitive advantages may find RUSH ENTERPRISES attractive. The company has a high health score of 8/10 with regard to its cashflows and debt, indicating that it is able to sustain future operations in times of crisis. In addition, the company is strong in assets, dividends, and growth, and medium in profitability – all factors that make the company appealing to investors. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Summary

    Investors analyzing RUSH ENTERPRISES should be encouraged by the company’s 11.8% year-over-year increase in revenue for its second fiscal quarter of 2023. The company reported total revenue of USD 2003.0 million and net income of USD 98.3 million for the period, ending June 30th 2023. However, this also marked a 10.8% decrease in net income compared to the same period the previous year. Despite this slight dip, investors should be optimistic about the company’s financial performance and potential future growth.

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