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Rush Enterprises announces appointment of Jody Pollard as Chief Operating Officer
Globenewswire· 2026-03-23 21:30
Core Viewpoint - Rush Enterprises, Inc. has announced the appointment of Jody Pollard as the new Chief Operating Officer, succeeding Jason Wilder, who has left the company after nearly 20 years of service [1][3]. Company Leadership Transition - Jason Wilder joined Rush Enterprises in November 2006 and held various positions, including General Manager and Senior Vice President, before becoming COO in November 2024 [2]. - Wilder's departure was influenced by the demands of commuting from Atlanta to Texas, and the company expressed gratitude for his contributions during a period of significant growth and market challenges [3]. - Jody Pollard, previously Senior Vice President of Truck Sales and Aftermarket Sales, will report to CEO W.M. "Rusty" Rush and will work closely with Senior Advisor Michael McRoberts during the transition [3][4]. Jody Pollard's Background - Pollard has extensive experience in dealership operations, having served in various roles including Regional General Manager and Senior Vice President of Operations [4]. - He has supervised over 19 Rush Enterprises locations and holds a Bachelor of Science degree in Agricultural Leadership & Development from Texas A&M University [4]. Company Overview - Rush Enterprises operates the largest network of commercial vehicle dealerships in North America, with over 150 locations across 23 states and Ontario, Canada [6]. - The company provides a comprehensive range of services, including sales of new and used vehicles, aftermarket parts, service operations, financing, insurance, and leasing solutions [6].
Rush Enterprises, Inc. Conference Call Advisory for Third Quarter 2025 Earnings Results
Globenewswire· 2025-10-02 20:05
Core Viewpoint - Rush Enterprises, Inc. will host a conference call to discuss its third-quarter earnings for 2025 on October 30, 2025, with earnings reported after market close on October 29, 2025 [1] Company Overview - Rush Enterprises, Inc. operates the largest network of commercial vehicle dealerships in North America, with over 150 locations across 23 states and Ontario, Canada [3] - The company represents various truck and bus manufacturers, including Peterbilt, International, Hino, Isuzu, Ford, Dennis Eagle, IC Bus, and Blue Bird [3] - Rush Enterprises provides a comprehensive range of services, including sales of new and used vehicles, aftermarket parts, service and body shop operations, financing, insurance, leasing, and rental [3] - The company also offers CNG fuel systems through its investment in Cummins Clean Fuel Technologies, Inc., telematics products, vehicle technologies, up-fitting, chrome accessories, and tires [3]
Hexagon Composites acquires Worthington's Sustainable Energy Solutions alternative fuels business
Prnewswire· 2025-07-14 17:12
Core Viewpoint - Hexagon Composites ASA has fully acquired the alternative fuels business of Sustainable Energy Solutions (SES), enhancing its European presence and operational synergies [2][5]. Company Overview - SES is a prominent European supplier of high-pressure cylinders and systems for compressed gases, with its alternative fuels division, SES Composites, manufacturing composite cylinders in Poland and operating a valve assembly facility in Germany [3]. - Hexagon Composites focuses on providing safe and innovative solutions for cleaner energy, facilitating the storage, transportation, and conversion of clean energy across various applications [9]. Financial Performance - In 2024, SES Composites reported a revenue of EUR 28 million and an EBITDA of EUR 700,000 on a pro-forma basis. For 2025, projected revenue and EBITDA are expected to be EUR 33 million and EUR 2 million, respectively [5]. Transaction Details - The acquisition is valued at an Enterprise Value of EUR 11.7 million, with a preliminary net purchase price of EUR 6.1 million, to be settled partly in Hexagon Composites shares and partly in Hexagon Purus shares [6]. - Worthington will receive 2,117,851 Hexagon Composites shares (1.0% of outstanding shares) and 19,555,225 Hexagon Purus shares (4.6% of outstanding shares), resulting in a post-transaction ownership of 33.8% in Hexagon Purus [8]. Strategic Implications - The acquisition is expected to create a more focused industrial gas business for Hexagon, allowing for increased strategic focus on value creation in existing and emerging segments [4]. - The move is aligned with the ongoing energy transition in Europe, where natural gas remains a critical component [5].
Rush Enterprises, Inc. Conference Call Advisory for Second Quarter 2025 Earnings Results
Globenewswire· 2025-07-08 20:05
Core Viewpoint - Rush Enterprises, Inc. will host a conference call to discuss its second quarter earnings for 2025 on July 31, 2025, at 10:00 a.m. Eastern Time [1] Company Overview - Rush Enterprises, Inc. operates the largest network of commercial vehicle dealerships in North America, with over 150 locations across 23 states and Ontario, Canada [3] - The company represents various truck and bus manufacturers, including Peterbilt, International, Hino, Isuzu, Ford, Dennis Eagle, IC Bus, and Blue Bird [3] - Rush Enterprises provides a comprehensive range of services, including sales of new and used vehicles, aftermarket parts, service, body shop operations, financing, insurance, leasing, and rental [3] - The company also offers CNG fuel systems through its investment in Cummins Clean Fuel Technologies, Inc., as well as telematics products and other vehicle technologies [3]
Rush Enterprises, Inc. Increases Stock Repurchase Program by $50 Million
Globenewswire· 2025-05-29 20:05
Core Viewpoint - Rush Enterprises, Inc. has announced a $50 million increase to its stock repurchase program, raising the total authorization to $200 million, reflecting confidence in its financial position despite market challenges [1]. Group 1: Stock Repurchase Program - The Board of Directors approved an increase of $50 million to the existing stock repurchase program, now totaling $200 million [1]. - The company is nearing the original authorization limit of $150 million, indicating strong capital management [1]. - Repurchases will be made at management's discretion, considering market conditions and stock price, and the program is set to expire on December 31, 2025 [2]. Group 2: Company Performance and Strategy - The company maintains a strong capital position and liquidity, allowing it to generate robust free cash flow [1]. - The strategic focus on a diversified customer base and a "One Team" sales approach has contributed to solid financial performance amid challenging industry conditions [1]. - Rush Enterprises operates the largest network of commercial vehicle dealerships in North America, with over 150 locations across 23 states and Ontario, Canada [4].
Rush Enterprises, Inc. Conference Call Advisory for First Quarter 2025 Earnings Results
Globenewswire· 2025-04-10 20:05
Group 1 - Rush Enterprises, Inc. will host a conference call to discuss earnings for the first quarter of 2025 on May 1, 2025, at 10:00 a.m. Eastern/9:00 a.m. Central [1] - Earnings will be reported after the market closes on April 30, 2025 [1] - The call will be accessible via a dedicated link and participants are encouraged to join 10 minutes early [2] Group 2 - Rush Enterprises operates the largest network of commercial vehicle dealerships in North America, with over 150 locations across 22 states and Ontario, Canada [3] - The company represents various truck and bus manufacturers, including Peterbilt, International, and Ford, and offers a comprehensive range of services from vehicle sales to financing and insurance [3] - Rush Enterprises also provides CNG fuel systems, telematics products, and vehicle technologies, enhancing its service offerings in the commercial vehicle industry [3]