RUSH ENTERPRISES INC \TX\ 8K

Rush Enterprises, Inc. reported Q2 2026 earnings, approved a three-for-two stock split and a higher post-split dividend, completed U.S. and Canadian dealership acquisitions, and announced a 50%-owned joint venture with MCT Companies to expand into refrigerated transportation services.

Rush Enterprises, Inc. reported its second quarter 2026 results, posting revenues of $1.9 billion and net income attributable to the company of $72.8 million ($0.91 per diluted share), essentially flat versus the prior-year quarter, while its Board of Directors approved a three-for-two stock split for both Class A and Class B common stock and declared a post-split quarterly cash dividend of $0.14 per share, representing a 10.5% increase. The stock split will be effected as a stock dividend payable August 31, 2026 to shareholders of record on August 11, 2026, increasing Class A shares outstanding from approximately 61.1 million to 91.7 million and Class B shares from 16.7 million to 25.0 million, and the $0.14 cash dividend will be paid on September 24, 2026 to shareholders of record on September 9, 2026. Operationally, the company highlighted resilience in its diversified business model, with aftermarket products and services contributing about 64% of gross profit and an absorption ratio of 130.8%, and noted improving demand trends across new and used commercial vehicle sales, leasing and rental, and aftermarket services. Strategically, Rush completed acquisitions of five Peterbilt dealerships in Louisiana and five commercial vehicle dealerships in southwestern Ontario, and announced an agreement to form a 50%-owned joint venture with MCT Companies to operate 17 Carrier Transicold full-service dealerships and three mobile service locations across several U.S. states, expanding its presence into the refrigerated transportation segment. The company also reported continued capital returns through $5.5 million of share repurchases in the quarter and payment of a $14.8 million cash dividend, while emphasizing a strong balance sheet, adjusted net cash position, and continued focus on long-term growth and operational efficiency.

Filing Facts

CIK

1012019

Ticker

-

Form

8K

Source Type

sec

Accession

0001437749-26-024701

Alert Tier

7