Rush Enterprises Earnings Reports

Rush Enterprises reported Q4 2024 revenue of $2.0 billion, remaining stable compared to the same period last year. Net income declined to $74.8 million, with diluted EPS at $0.91. The company faced weak demand in Class 8 truck sales but saw resilience in vocational and public sector sales. Parts and service sales revenue slightly declined year-over-year. Leasing and rental revenue increased marginally. The company also declared a dividend of $0.18 per share.

Rush Enterprises reported revenues of $1.896 billion and net income of $79.1 million, or $0.97 per diluted share, for the quarter ended September 30, 2024. The results were impacted by challenging market conditions, including low freight rates and high interest rates, which negatively affected aftermarket sales and overall financial performance. However, the company saw positive results in Class 8 vocational and public sector customers, as well as healthy demand from medium-duty customers.

Rush Enterprises reported a revenue increase of 1.2% to $2.027 billion for Q2 2024, but net income decreased to $78.7 million, or $0.97 per diluted share, compared to $98.3 million, or $1.17 per diluted share, in Q2 2023. The company declared a cash dividend of $0.18 per share, a 5.9% increase over the prior quarter. The results were impacted by weak demand for Class 8 trucks, aftermarket parts, and services due to the freight recession and high interest rates.

Rush Enterprises reported revenues of $1.872 billion and net income of $71.6 million, or $0.88 per diluted share for the quarter ended March 31, 2024. The results were impacted by a decline in new Class 8 truck sales due to market conditions and persistent low freight rates and high interest rates.

Rush Enterprises reported Q4 2023 revenues of $2.0 billion and net income of $78.0 million. The company's annual revenues reached a record high, driven by strong new truck demand and aftermarket growth. A cash dividend of $0.17 per share was declared.

Rush Enterprises reported revenues of $1.981 billion and net income of $80.3 million, or $0.96 per diluted share, for the third quarter ended September 30, 2023. The results were driven by continued demand for new commercial vehicles and a focus on national accounts, despite challenges in the over-the-road customer segment.

Rush Enterprises reported revenues of $2.003 billion and net income of $98.3 million, or $1.75 per diluted share, for the quarter ended June 30, 2023. The results were driven by strong demand for new commercial vehicles and aftermarket services, although over-the-road customers faced pressure from economic factors.

Rush Enterprises reported a 22.3% increase in revenue to $1.912 billion and a net income of $90.5 million, or $1.60 per diluted share, for the quarter ended March 31, 2023. The company's performance was driven by strong demand for new commercial vehicles and aftermarket parts and services.

Rush Enterprises reported Q4 2022 revenues of $1.9 billion and net income of $98.3 million. The company's performance was driven by strong demand for new Class 8 trucks and aftermarket parts and services. The Board declared a cash dividend of $0.21 per share.

Rush Enterprises reported revenues of $1.86 billion and net income of $90.4 million, or $1.59 per diluted share, for the third quarter ended September 30, 2022. The company's Board of Directors declared a cash dividend of $0.21 per share of Class A and Class B common stock.

Rush Enterprises reported record second quarter revenues of $1.791 billion and net income of $110.2 million, or $1.92 per diluted share. Excluding a one-time gain, adjusted net income was $100.4 million, or $1.75 per diluted share. The Board declared a cash dividend of $0.21 per share, a 10.5% increase over the prior quarter.

Rush Enterprises reported record first quarter financial results with revenues of $1.563 billion and net income of $92.5 million, or $1.60 per diluted share. Excluding a one-time gain, adjusted net income was $82.9 million, or $1.43 per diluted share.

Rush Enterprises reported Q4 2021 revenues of $1.3 billion and net income of $68.6 million, or $1.18 per diluted share. The company's Board of Directors declared a cash dividend of $0.19 per share of Class A and Class B Common Stock.

Rush Enterprises reported strong third-quarter results with revenues of $1.27 billion and net income of $69.4 million, driven by strong demand for trucks and aftermarket products and services, as well as diligent expense management. The company's Board of Directors declared a cash dividend of $0.19 per share of Class A and Class B common stock.

Rush Enterprises reported revenues of $1.316 billion and net income of $58.0 million, or $1.00 per diluted share, for the quarter ended June 30, 2021, compared to revenues of $1.003 billion and net income of $16.8 million, or $0.30 per diluted share, in the quarter ended June 30, 2020. The company's Board of Directors declared a cash dividend of $0.19 per share of Class A and Class B Common Stock.

Rush Enterprises reported strong financial results for Q1 2021, with revenues of $1.232 billion and net income of $45.3 million, or $0.79 per diluted share. The company's performance was driven by the continuing economic recovery and strong demand for aftermarket products and services, as well as Class 8 new and used trucks.

Rush Enterprises reported Q4 2020 revenues of $1.3 billion and net income of $41.0 million, or $0.72 per diluted share. The company's Board of Directors declared a cash dividend of $0.18 per share, a 29% increase over the prior quarterly dividend, and approved a $100 million share repurchase authorization.

Rush Enterprises reported a decrease in revenue to $1.18 billion and a decrease in net income to $33.9 million, or $0.60 per diluted share, compared to the third quarter of 2019. The company experienced improvements from the second quarter of 2020, driven by improved truck sales, and implemented cost management measures that improved profitability, resulting in an absorption ratio of 119.4%.

Rush Enterprises reported revenues of $1.003 billion and net income of $16.8 million, or $0.46 per diluted share, for the quarter ended June 30, 2020. The company's board of directors declared a cash dividend of $0.14 per share. The company is resuming purchases under its stock repurchase plan.

Rush Enterprises reported revenues of $1.287 billion and net income of $23.1 million, or $0.62 per diluted share, for the quarter ended March 31, 2020. The company's Board of Directors declared a cash dividend of $0.13 per share of Class A and Class B Common Stock.

Rush Enterprises reported Q4 2019 revenues of $1.3 billion and net income of $23.8 million, or $0.64 per diluted share. While aftermarket product and services revenues remained relatively flat compared to the previous year, the company experienced declines in new Class 8 truck sales. The company's absorption ratio was 116.6% in the fourth quarter of 2019.