Rush Enterprises expects to close its 50-percent-owned refrigerated transport joint venture with MCT Companies by August 31, as management projects a considerably stronger second half of 2026 for Class 8 truck sales. The company reported second-quarter revenues of $1.9 billion and net income of $72.8 million, or $0.91 per diluted share, while its board declared a 3-for-2 stock split and a post-split quarterly cash dividend of $0.14 per share, a 10.5 percent increase. During the quarter, Rush completed the acquisition of five Peterbilt dealerships in Louisiana and expanded into Canada with five commercial dealerships in Southwestern Ontario. Aftermarket operations accounted for approximately 64 percent of total gross profit, and the company sold 3,172 Class 8 trucks in the United States, lifting its U.S. Class 8 market share to 5.8 percent. Chairman, CEO and President W. Rush noted that the backlog is as big as it has been in a couple of years and that the company is basically sold out, while cautioning that the recovery remains in early stages and financing remains challenging for some customers.
Rush Enterprises A IncRush Enterprises reported strong Q2 earnings, announced a stock split and dividend increase, and expects stronger second-half Class 8 truck sales.