Rush Enterprises Reports Solid 2019 Results Despite Big Drop In Q4 Truck Sales
Rush Enterprises Inc . (NASDAQ: RUSHA ), which operates the largest network of commercial vehicle dealerships in North America, on Wednesday reported fourth-quarter revenue of $1.3 billion, compared to revenue of $1.5 billion for the fourth quarter of 2018. Net income for the fourth quarter was $23.8 million, or a profit of 64 cents per diluted share, compared to $47 million, or $1.20 per diluted share, in the fourth quarter of 2018. The report came after the markets closed on Wednesday. W.M. "Rusty" Rush, chairman, CEO and president New Braunfels, Texas-based Rush Enterprises, said the company's overall performance for "the full year 2019 was strong." "Though we experienced declines in new Class 8 truck sales and aftermarket products and services sales in the fourth quarter, our overall performance for the full year 2019 was strong, primarily due to a healthy economy and activity throughout the markets we support," Rush said in a release. "In addition, the successful execution of our strategic initiatives continues to contribute to our parts and service revenue growth, …
Rush Enterprises Reports Solid 2019 Results Despite Big Drop In Q4 Truck Sales
Rush Enterprises Inc . (NASDAQ: RUSHA ), which operates the largest network of commercial vehicle dealerships in North America, on Wednesday reported fourth-quarter revenue of $1.3 billion, compared to revenue of $1.5 billion for the fourth quarter of 2018. Net income for the fourth quarter was $23.8 million, or a profit of 64 cents per diluted share, compared to $47 million, or $1.20 per diluted share, in the fourth quarter of 2018. The report came after the markets closed on Wednesday. W.M. "Rusty" Rush, chairman, CEO and president New Braunfels, Texas-based Rush Enterprises, said the company's overall performance for "the full year 2019 was strong." "Though we experienced declines in new Class 8 truck sales and aftermarket products and services sales in the fourth quarter, our overall performance for the full year 2019 was strong, primarily due to a healthy economy and activity throughout the markets we support," Rush said in a release. "In addition, the successful execution of our strategic initiatives continues to contribute to our parts and service revenue growth, …