Rush A Company profile
About Rush Enterprises, Inc.
Rush Enterprises, Inc. is an integrated retailer of commercial vehicles and related services. It operates through the Truck Segment, which includes its operation of a regional network of commercial vehicle dealerships under the name Rush Truck Centers. Through its Rush Truck Centers, it offers services, including retail sales of new and used commercial vehicles, aftermarket parts sales, service and repair facilities, financing, leasing and rental, and insurance products. The Company operates 100 Rush Truck Centers in 22 states. The Company's Rush Truck Centers are located in Alabama, Arizona, California, Colorado, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Kentucky, Missouri, Nevada, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, Tennessee, Texas, Utah and Virginia. Its Rush Truck Leasing provides full-service maintenance on customers' vehicles. Its Rush Truck Centers, offers third-party financing to assist customers in purchasing new and used commercial vehicles.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, Rush Enterprises, Inc. revenues increased 8% to $5.13B. Net income increased from $114.9M to $241.4M. Revenues reflect All Other segment increase of 15% to $17.1M, Retail Sales - Parts & Services increase of 12% to $1.79B. Net income benefited from Heavy-duty Truck Segment income increase of 100% to $307.4M, All Other segment income increase from $764K to $1.6M.
Equity composition
Class A Common $.01 Par, 31/11, 60M auth., 26,923,258 issd. Insiders & Stakeholder owns 2%. IPO 6/96, 2.875M shs. @ $12 byLandenburg, Thalmann & Co., Inc. et al. Class B Common 09/10 $.01 Par, 20M auth., 12,339,887 issd., less 1,639,843 in Treas. @ $17.9M. Insiders own 38.39%.
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