Welcome to our dedicated page for Rush Enterprises news (Ticker: RUSHB), a resource for investors and traders seeking the latest updates and insights on Rush Enterprises stock.
Rush Enterprises, Inc. (NASDAQ: RUSHA, RUSHB) is active in the commercial vehicle industry through its Rush Truck Centers network, and its news flow reflects developments across truck sales, aftermarket services, leasing and rental, capital allocation and network expansion. The company operates what it describes as the largest network of commercial vehicle dealerships in North America, representing manufacturers such as Peterbilt, International, Hino, Isuzu, Ford, Dennis Eagle, IC Bus and Blue Bird.
News updates for Rush Enterprises often include quarterly and annual earnings releases, where the company reports revenues, net income and commentary on market conditions in Class 8 and Class 4–7 commercial vehicle markets in the United States and Canada. These releases typically discuss trends in over-the-road freight, vocational and public sector demand, aftermarket performance, used truck activity and the contribution of Rush Truck Leasing.
Investors following RUSHB news also see announcements about dividend declarations on the company’s Class A and Class B common stock, as well as stock repurchase programs and subsequent increases to those authorizations. Management uses these communications to explain its views on free cash flow, balance sheet strength and capital allocation priorities.
Other notable news items can cover network growth, such as new Rush Truck Centers locations, parts and mobile service sites, and Custom Vehicle Solutions facilities that expand vehicle modification and upfitting capabilities. Updates may also describe aftermarket strategic initiatives, technician workforce efforts, and leasing and rental fleet developments.
This RUSHB news page aggregates these types of company announcements, earnings press releases and related disclosures, giving readers a centralized view of how Rush Enterprises responds to commercial vehicle industry conditions and manages its dealership, aftermarket and leasing operations over time.
Rush Enterprises (NASDAQ: RUSHA) reported annual revenues of $7.8 billion and net income of $304.2 million ($3.72 per diluted share) for 2024, compared to $7.9 billion revenue and $347.1 million net income in 2023. The company's Board declared a quarterly cash dividend of $0.18 per share of Class A and Class B common stock, payable March 18, 2025.
Despite industry headwinds including a freight recession and high interest rates, the company maintained strong performance in vocational and public sector sales. Class 4-7 truck sales increased 5.1% year-over-year, while Class 8 truck sales decreased 11.4%. Aftermarket products and services accounted for 60.4% of total gross profits, with revenues of $2.5 billion, down 1.8% from 2023.
The company expanded its network in 2024 with new locations in Nebraska, California, Texas, and Arizona, demonstrating ongoing commitment to network growth.
Rush Enterprises (NASDAQ: RUSHA & RUSHB), North America's largest commercial vehicle dealership network, has scheduled its Q4 and full-year 2024 earnings conference call for Wednesday, February 19, 2025, at 10:00 a.m. Eastern/9:00 a.m. Central. The company will release its earnings report after market close on Tuesday, February 18, 2025.
The conference call will be accessible via webcast at the company's investor relations website. While registration is not mandatory, participants are advised to join 10 minutes before the start time. A replay of the webcast will be available for those unable to attend the live broadcast.
Rush Enterprises (NASDAQ: RUSHA & RUSHB) has announced a new $150 million stock repurchase program for its Class A and Class B common stock, replacing the prior program which had $77.5 million utilized through December 2, 2024. The new program will run until December 31, 2025, and can be executed through open market transactions, private negotiations, or other means in compliance with federal securities laws.
Chairman and CEO W.M. 'Rusty' Rush highlighted the company's ability to generate strong free cash flow despite challenging industry conditions, citing improved quality of earnings from strategic investments and success in achieving a diversified customer base through their 'One Team' sales approach.
Rush Enterprises (NASDAQ: RUSHA) reported Q3 2024 results with revenues of $1.896 billion and net income of $79.1 million, or $0.97 per diluted share, compared to revenues of $1.981 billion and net income of $80.3 million in Q3 2023. The company faced challenging market conditions with low freight rates and high interest rates impacting Class 8 truck demand. Aftermarket products and services accounted for 61.5% of total gross profit, with revenues of $633.0 million. The company achieved a 132.6% absorption ratio and declared a $0.18 per share dividend for both Class A and B shares.
Rush Enterprises, Inc. (NASDAQ: RUSHA and RUSHB) announced the winner of their sweepstakes for the last 2025 Peterbilt Model 389X ever produced. The contest, sponsored by Rush Truck Centers and the Rush Enterprises Foundation, raised $500,000 for Wounded Warrior Project (WWP). Jennifer Best of Pryor, Oklahoma, who operates Shane Best Trucking with her husband, won the unique truck.
The sweepstakes, launched in March at the Mid-America Trucking Show, ended on September 15. The winner was announced on October 14 at the American Trucking Associations' Management Conference and Exhibition in Nashville. Rush Truck Centers had secured the build slot for the final Model 389 with a $1.5 million bid at a Peterbilt dealer auction.
In total, Rush Truck Centers and Peterbilt Motors Company donated $2 million to three organizations: Wounded Warrior Project, Truckers Against Trafficking, and Wreaths Across America. The initiative highlights the industry's commitment to charitable causes and marks a significant milestone in Peterbilt's history.
Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB), North America's largest commercial vehicle dealership network, has announced its upcoming third quarter 2024 earnings conference call. The call is scheduled for Wednesday, October 30 at 10:00 a.m. Eastern/9:00 a.m. Central. The company will release its earnings report after market close on Tuesday, October 29, 2024.
Interested parties can access the call via the company's investor relations website. Participants are encouraged to register for the event and join 10 minutes before the start time. For those unable to attend the live broadcast, a webcast replay will be available on the same website.
Rush Enterprises (NASDAQ: RUSHA & RUSHB) reported Q2 2024 results with revenues of $2.027 billion and net income of $78.7 million, or $0.97 per diluted share. This compares to revenues of $2.003 billion and net income of $98.3 million, or $1.17 per diluted share, in Q2 2023. The company faced challenging market conditions, including weak demand for Class 8 trucks and aftermarket parts due to the ongoing freight recession and high interest rates. Despite this, Rush Enterprises maintained strong performance in certain sectors, such as public and vocational segments. The company's Board declared a cash dividend of $0.18 per share, a 5.9% increase over the prior quarter. Rush Enterprises sold 4,128 new Class 8 trucks and 3,691 Class 4-7 medium-duty vehicles in Q2 2024. The company achieved an absorption ratio of 134.0% and expects market conditions to remain challenging in the near term.
Rush Enterprises, operator of the largest commercial vehicle dealership network in North America, will release its Q2 2024 earnings on July 31, 2024, after market close. A conference call to discuss the results is scheduled for August 1, 2024, at 10:00 a.m. Eastern/9:00 a.m. Central. Interested parties can register for the call online, and a replay will be available for those unable to attend the live broadcast.
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