Truck dealer chain Rush Enterprises Inc. said its net income increased slightly in the fourth quarter, but its sales of Class 8 trucks declined in 2013.
Profit grew to $14.9 million, or 38 cents a share, from $14.2 million, or 37 cents, a year earlier, Rush said in a Feb. 11 statement. Revenue increased to $925.2 million, from $732.3 million in the prior year's quarter.
Rush's profit fell in the full year to $49.2 million, $1.25 a share, from $62.5 million, or $1.62 a share, in 2012. That included a pre-tax charge related to the retirement of CEO Marvin Rush, which resulted in a $6.6 million reduction in income. The year's revenue was $3.4 billion, a 9.5% increase over 2012 and a record for the company, Rush said.
Source:
http://www.ttnews.com/articles/basetemplate.aspx?storyid=34154&t=Rushs-Profit-Grows-in-4Q
