October 20, 2005 8:00 AM, EDT

Rush Enterprises' 3Q Income Rises on Higher Truck Sales

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ush Enterprises, the nation’s largest dealer of Peterbilt trucks, reported third-quarter net income of $13.2 million or 53 cents a share, up from $5.5 million or 35 cents per share for the same quarter last year.

Revenue rose 63.5% to $485.4 million, Rush said in a statement.

The company’s truck segment recorded revenue of $467.8 million for the quarter, up from $282.2 million a year earlier.

Rush said it delivered 2,709 new heavy-duty trucks in the quarter, up from 1,546 a year earlier.

It delivered 610 new medium-duty trucks, up from 458 a year earlier, and 890 used trucks, compared with 673 last year.

Rush's truck parts, service and body shop sales rose 26.6% to $88.6 million.

“Our outlook remains positive as industry experts forecast Class 8 truck sales to remain strong throughout 2006,” said Marvin Rush, the company's chairman and chief executive officer.