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Rush Enterprises, Inc. Reports Fourth Quarter And Year-End 2012 Results

Financial Highlights

In the fourth quarter ended December 31, 2012, the Company's gross revenues totaled $732.3 million, a 5.6% decrease from gross revenues of $776.1 million reported for the fourth quarter ended December 31, 2011. Net income for the quarter was $14.2 million, or $0.36 per diluted share, compared to $19.4 million, or $0.50 per diluted share, in the quarter ended December 31, 2011.

For the year ended December 31, 2012, the Company's gross revenues totaled $3.1 billion, a 20% increase from gross revenues of $2.6 billion reported in 2011. The Company reported net income for the year of $62.5 million, or $1.57 per diluted share, compared with a net income of $55.2 million, or $1.42 per diluted share in 2011.

Parts, service and body shop revenue was $201.6 million in the fourth quarter of 2012, compared to $176.7 million in the fourth quarter of 2011. The Company delivered 2,102 new heavy-duty trucks, 1,789 new medium-duty commercial vehicles, 393 new light-duty commercial vehicles and 1,039 used commercial vehicles during the fourth quarter of 2012, compared to 2,872 new heavy-duty trucks, 1,711 new medium-duty commercial vehicles, 292 new light-duty commercial vehicles and 1,215 used commercial vehicles in the fourth quarter of 2011.

Parts, service and body shop revenue was $817.3 million in the year ended 2012, compared to $675.3 million in the year ended 2011. The Company sold 23,171 new and used commercial vehicles in 2012, a 14.8% increase compared to 20,189 new and used commercial vehicles in 2011. The Company delivered 9,925 new heavy-duty trucks, 7,126 new medium-duty commercial vehicles, 1,376 new light-duty commercial vehicles and 4,744 used commercial vehicles during 2012, compared 9,052 new heavy-duty trucks, 5,469 new medium-duty commercial vehicles, 1,019 new light-duty commercial vehicles and 4,649 used commercial vehicles during 2011.

"I am extremely proud of our financial performance and our achievements toward our strategic growth initiatives this year," said W. Marvin Rush, Chairman and Founder of Rush Enterprises, Inc. "I would like to congratulate all of our employees on an outstanding year and express my sincere gratitude for their contributions to the Company's success."

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