RUSH ENTERPRISES Reports Second Quarter Financial Results for 2023
August 26, 2023
🌥️Earnings Overview
RUSH ENTERPRISES ($NASDAQ:RUSHB) revealed their financial results for the second quarter of fiscal year 2023 on June 30, 2023. The total revenue for the period, which concluded on July 25, 2023, amounted to USD 2003.0 million, reflecting an 11.8% increase from the same period last year. However, net income dropped 10.8%, coming to USD 98.3 million.
Price History
The stock opened at $70.4 and closed at $70.6, up by 0.7% from its previous closing price of $70.1. The company is well-positioned for further growth in the second half of the year due to its strong balance sheet and steady demand for its products and services. Live Quote…
About the Company
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% |
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 |
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 |
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% |
Analysis
At GoodWhale, we have analyzed the fundamentals of RUSH ENTERPRISES and have come to the conclusion that they are a medium risk investment from a financial and business standpoint. We have identified one risk warning that is associated with the company that is not related to finance. To get more information on this risk warning, please register on our website at goodwhale.com and have a look. Our analysis of RUSH ENTERPRISES has been performed with rigor based on our industry standards. Our experts have taken into account all necessary factors that impact the company’s risk profile and our report provides a thorough evaluation of their financial stability. We are confident in our assessment of the company and believe they are a viable investment for those looking to diversify their portfolio. More…
Summary
Investors should take note of Rush Enterprises‘ financial performance for the second quarter of the fiscal year 2023. Total revenue increased 11.8%, signifying a healthy and growing business. However, net income declined by 10.8%, indicating a decrease in profitability compared to the previous year. Although the revenue figures were positive, investors should be cautious when evaluating the company’s financials in order to make an informed decision about their investment strategy.
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