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Mar 31, 2022
Rush Enterprises Q1 2022 Earnings Report
Reported record first quarter financial results driven by strong Class 8 truck sales and aftermarket growth.
Key Takeaways
Rush Enterprises reported record first quarter financial results with revenues of $1.563 billion and net income of $92.5 million, or $1.60 per diluted share. Excluding a one-time gain, adjusted net income was $82.9 million, or $1.43 per diluted share.
Revenues reached $1.6 billion with net income of $92.5 million.
Earnings per diluted share were $1.43, excluding a one-time gain.
The absorption ratio was 136.3%.
The board declared a cash dividend of $0.19 per share.
Revenue by Segment
Forward Guidance
The company expects continued strong performance in 2022, driven by pent-up demand and strategic initiatives, but is monitoring potential negative impacts from elevated fuel prices, inflation, and rising interest rates.
Positive Outlook
- Continued strong economy and healthy consumer spending.
- Pent-up demand for new commercial vehicles and aftermarket services.
- Ongoing integration of strategic initiatives.
- Disciplined approach to expense management.
- Strong backlogs.
Challenges Ahead
- Elevated fuel prices negatively impacting spot market rates.
- Inflation and rising interest rates may negatively impact consumer spending and capital expenditures.
- Production constraints caused by global supply chain issues.
- Truck allocation by manufacturers limiting ability to meet market demands.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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