May. 29 at 8:32 PM
$RUSHA $RUSHB Rush Enterprises increases share repurchase program by
$50M
Rush Enterprises announced that its board of directors approved an increase of
$50M to its existing stock repurchase program authorizing the company to repurchase, from time to time, up to an aggregate of
$200M of its shares of Class A common stock, $.01 par value per share, and/or Class B common stock, $.01 par value per share. This increase follows the company nearing the original authorization limit of
$150M.
"Despite the continued uncertainty surrounding tariffs, the continuing freight recession and challenging commercial vehicle market, we remain confident in our strong capital position, liquidity and ability to generate strong free cash flow, and we are pleased to take this opportunity to enhance shareholder value through this
$50 million increase to our stock repurchase program," said W.M. Rush, chairman, CEO and president of the company.
