Updated:
10/21/2010 10:15:00 AM
Truck dealership Rush Enterprises said its third-quarter profit improved as sales rose.
The company reported net income of $14.2 million, or 37 cents a share, from $3 million, or 8 per diluted share.
Truck segment revenue rose to $401.7 million, from $289.8 million, while overall revenue rose 38.1% to $405.8 million.
It delivered 1,283 new heavy-duty trucks in the quarter, up from 1,030 last year; 678 new medium-duty trucks, up from 637; and 899 used trucks, up from 760 a year ago.
Rush completed the sale of its John Deere construction equipment business in September for $26.2 million. (Click here for previous coverage.)
© 2010, Transport Topics Publishing Group. All rights reserved.
RELATED ARTICLES
Heavy-Duty Truck Orders Surge in Sept. (11/1/2010 3:45:00 AM)
Rush Enterprises’ 2Q Profit Improves on Higher Truck Sales (10/21/2010 10:15:00 AM)
Rush Completes Sale of Construction Equipment Business (9/13/2010 9:00:00 AM)
New Class 8 Registrations Rise (8/23/2010 8:00:00 AM)
Caterpillar Sued Over Heavy-Duty Engines (8/9/2010 4:30:00 AM)
Rush Enterprises Posts 2Q Profit (7/21/2010 4:45:00 PM)
OTHER NEWS BRIEFS
