rush enterprises inc - cl b (RUSHB) Snapshot

Rush Enterprises, Inc. announced that W. Marvin Rush is retiring from his position as Chairman of the Board of the company. He will continue to serve as a member of the board of directors of the company and have the honorary title of Chairman Emeritus. The company also announced the appointment of W.M. Rusty Rush as the company's Chairman of the Board. Rusty Rush has served as President of the company since 1995 and Chief Executive Officer of the company since 2006. He has overseen all day-to-day operations of the company since 2001, when he was named the company's Chief Operating Officer.

Rush Enterprises, Inc. announced unaudited consolidated earnings results for the first quarter and twelve months ended March 31, 2013. For the quarter, the company reported total revenue was $756.79 million against $777.33 million a year ago. Operating income was $24.61 million against $29.38 million a year ago. Income before income taxes was $22.1 million against $26.08 million a year ago. Net income was $13.55 million against $15.91 million a year ago. Diluted earnings per share were $0.34 against $0.40 a year ago. Non-GAAP adjusted net debt was $81.097 million against $26.417 million a year ago. For the twelve months, the company reported net income was $60.096 million against $63.851 million a year ago. Non-GAAP EBITDA was $135.477 million against $135.205 million a year ago. Non-GAAP adjusted EBITDA was $127.61 million against $129.6 million a year ago. Net cash provided by operations was $406.62 million against net cash used in operations of $194.25 million a year ago. Acquisition of property and equipment was $163.110 million against $152.297 million a year ago.

Rush Enterprises, Inc. Presents at Wolfe Research 6th Annual Global Transportation Conference, May-23-2013 01:15 PM. Venue: Fordham University School of Law at Lincoln Center, 140 West 62nd Street, New York, New York, United States. Speakers: W. M. Rush, Chief Executive Officer, President and Executive Director.