Rush Enterprises, the operator of the largest network of commercial vehicle dealerships in North America, reported 2018 revenues of $5.5 billion and net income of $139.1 million compared with revenues of $4.7 billion and net income of $172.1 million for 2017.
Concurrently, the company’s board of directors declared a cash dividend of $0.12 per share of Class A and Class B common stock, to be paid on March 15, 2019, to all shareholders of record as of February 25, 2019.
“We are incredibly proud of our outstanding financial performance in 2018,” said W.M. “Rusty” Rush, chairman, president and CEO of Rush Enterprises. “We remain committed to executing our strategic initiatives, including our aftermarket growth initiatives, which continue to positively impact our results. In addition to our success in executing our strategic initiatives, the overall health of the economy, strong freight demand and continued activity in the markets we support also contributed to our success in 2018.”
Highlights from 2018 included:
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