Rush Enterprises Q1 Revenue Falls 9% to $1.68B, Declares $0.19 Dividend
Rush Enterprises posted Q1 revenues of $1.68B, down from $1.85B a year earlier, while net income rose to $61.5M, or $0.77 per diluted share, from $60.3M. The Board approved a $0.19 per share dividend and the company agreed to acquire six Peterbilt dealerships in Louisiana and Mississippi.
1. Q1 Financial Results
Rush Enterprises reported first quarter revenues of $1.68 billion, a 9% decline from $1.85 billion in Q1 2025, while net income increased to $61.5 million, or $0.77 per diluted share, compared with $60.3 million, or $0.73 per share, in the prior year quarter.
2. Dividend Declaration
The Board of Directors approved a cash dividend of $0.19 per share for both Class A and Class B common stock, payable June 10, 2026, to shareholders of record as of May 12, 2026.
3. Network Expansion
During the quarter, the company signed asset purchase agreements to acquire six Peterbilt dealerships in Louisiana and Mississippi, adding locations in Baton Rouge, Lafayette, Lake Charles, New Orleans, Houma and McComb to its network.