Rush Enterprises A IncRevenue fell 9% year-on-year to $1.68B, missing estimates by 2.5%.
Industrial distributors stocks reported mixed first-quarter results, with Rush Enterprises posting a 9% year-on-year revenue decline to $1.68 billion, missing analyst estimates by 2.5%. Richardson Electronics led the group with a 3.1% revenue increase to $55.47 million, beating expectations by 4.4% and driving its stock up 53.7% since reporting. DXP Enterprises saw revenue rise 9.5% to $521.7 million but missed estimates by 1.9%, sending shares down 7.5%. Distribution Solutions grew revenue 3.8% to $496 million, topping forecasts by 1.4%, while VSE Corporation surged 26.8% to $324.6 million, exceeding expectations by 3.8%. Overall, the 24 tracked industrial distributors beat consensus revenue estimates by 2.1% but guided next quarter's revenue 1.2% below expectations, with average share prices up 6.8% since earnings.
Rush Enterprises A IncRevenue fell 9% year-on-year to $1.68B, missing estimates by 2.5%.
DXP Enterprises IncRevenue rose 9.5% but missed estimates by 1.9%, causing shares to fall 7.5%.
Distribution Solutions Group IncRevenue growth of 3.8% beat estimates by 1.4%, a positive earnings surprise.
Richardson Electronics LtdRevenue increased 3.1% and beat expectations by 4.4%, driving stock up 53.7%.
VSE CorporationRevenue surged 26.8% to $324.6M, exceeding expectations by 3.8%.