"In the first quarter of 2025, the challenges that have plagued the industry for some time – the ongoing freight recession and general economic uncertainty, were exacerbated by mounting concerns related to U.S. trade policy, tariffs, and uncertainty around emissions regulations, causing many customers to take a cautious approach to their vehicle acquisition strategies. Consequently, new Class 8 truck demand softened significantly. However, as a result of our continued focus on our strategic initiatives and ...

Revenues of $1.85 billion, net income of $60.3 millionEarnings per diluted share of $0.73Challenging market conditions impact Class 8 new truck sales and overall financial performanceAbsorption ratio 128.6%Board declares cash dividend of $0.18 per share of Class A and Class B common stock SAN ANTONIO, April 30, 2025 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America, today announced that for the quarter en ...

SAN ANTONIO, April 10, 2025 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc., (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America will host a conference call to discuss earnings for the first quarter 2025 on Thursday, May 1, 2025 at 10:00 a.m. Eastern/9:00 a.m. Central. Earnings will be reported after the close of market on Wednesday, April 30, 2025. The call will be available at http://investor.rushenterprises.com/events.cfm on Thursday, May 1, 2025 at 1 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 ☐ TRANSITION REPORT PURSANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-20797 RUSH ENTERPRISES, INC. (Exact name of registrant as specified in its charter) Texas 74-1733016 (State or other juri ...

Rush Enterprises, Inc. (NASDAQ:RUSHA) Q4 2024 Earnings Conference Call February 19, 2025 10:00 AM ET Company Participants Rusty Rush - Chairman, CEO and President Steve Keller - CFO Conference Call Participants Andrew Obin - Bank of America Avi Jaroslawicz - UBS Operator And good day, and thank you for standing by. Welcome to the Rush Enterprises, Inc. fourth quarter 2024 earnings results. At this time, all participants are in listen-only mode. After the speakers' presentation, there will be a question and ...

Financial Performance - For the year ended December 31, 2024, the Company achieved revenues of $7.8 billion and net income of $304.2 million, or $3.72 per diluted share, compared to revenues of $7.9 billion and net income of $347.1 million, or $4.15 per diluted share for 2023[1][22]. - The company achieved its second highest annual revenue in history despite challenging operating conditions[28]. - Total revenue for Q4 2024 was $2,009.6 million, a decrease from $2,029.5 million in Q4 2023[37]. - Net income attributable to Rush Enterprises, Inc. for Q4 2024 was $74.8 million, compared to $78.0 million in Q4 2023[37]. - The company’s gross profit for the year ended December 31, 2024, was $1,531.4 million, down from $1,593.1 million in 2023[37]. - EBITDA for the twelve months ended December 31, 2024, was $553,596,000, compared to $572,959,000 in 2023, reflecting a decrease of approximately 3.4%[44]. Sales and Market Performance - The Company sold 15,465 new Class 8 trucks in 2024, a decrease of 11.4% compared to 2023, accounting for 6.1% of the new U.S. Class 8 truck market[1][13]. - The Company delivered 4,239 new heavy-duty trucks in Q4 2024, compared to 4,466 in Q4 2023, reflecting a challenging sales environment[1][25]. - Vehicle sales revenue for new heavy-duty vehicles decreased to $773,376,000 in 2024 from $816,532,000 in 2023, a decline of approximately 5.3%[40]. - New medium-duty vehicle sales revenue increased to $400,930,000 in 2024 from $359,767,000 in 2023, an increase of approximately 11.4%[40]. - The Company sold 7,110 used trucks in 2024, a 0.1% decrease compared to 2023, reflecting a stable used truck inventory strategy[1][19]. Revenue Streams - Aftermarket products and services revenues totaled $2.5 billion in 2024, down 1.8% from $2.6 billion in 2023, with parts, service, and collision center revenues contributing significantly[1][10][23]. - Leasing and Rental revenue in 2024 was $354.9 million, up 0.3% from 2023, indicating stable performance in this segment[1][20]. - Lease and rental revenue increased by 1.3% in Q4 2024 compared to Q4 2023[26]. Shareholder Returns - The Board of Directors declared a cash dividend of $0.18 per share, to be paid on March 18, 2025[1][4]. - Cash dividends paid to shareholders totaled $54.9 million in 2024, an 8.5% increase over 2023[27]. - The company repurchased $16.4 million of its common stock during 2024, with $6.5 million repurchased in Q4 2024 under a new plan[27]. Financial Health and Debt Management - Total assets increased to $4,617.5 million as of December 31, 2024, up from $4,364.2 million in 2023[35]. - Total debt decreased to $1,620,350,000 in 2024 from $1,687,482,000 in 2023, a reduction of approximately 4.0%[42]. - Adjusted total debt (Non-GAAP) was reported at $3,571,000 in 2024, down from $4,112,000 in 2023[42][43]. - Total shareholders' equity increased to $2,141,549,000 in 2024 from $1,870,879,000 in 2023, a growth of approximately 14.5%[47]. - Adjusted invested capital (Non-GAAP) rose to $1,916,989,000 in 2024 from $1,691,266,000 in 2023, an increase of approximately 13.4%[47]. Operational Efficiency - The absorption ratio for the Company was 132.2% in 2024, compared to 135.3% in 2023, indicating effective cost management[1][10][22]. - The absorption ratio improved to 133.0% in 2024 from 130.8% in 2023, indicating better coverage of overhead expenses by gross profit[40][41]. - Free cash flow (Non-GAAP) improved to $176,967,000 in 2024 from a negative $73,168,000 in 2023, indicating a significant turnaround[45][46]. - Adjusted free cash flow (Non-GAAP) increased to $485,358,000 in 2024 from $428,562,000 in 2023, an increase of approximately 13.2%[45][46]. Strategic Initiatives - The Company expanded its network by adding two Rush Truck Centers locations in Nebraska and additional parts and mobile service locations in California and Texas[1][8]. - The company remains focused on long-term strategic initiatives as it enters its 60th year[28]. - The Company expects new Class 8 truck sales to be challenging in the first half of 2025, with a potential recovery in the second half of the year[1][6].

Annual revenues of $7.8 billion; net income of $304.2 millionAnnual earnings per diluted share of $3.724th quarter revenues of $2.0 billion; net income of $74.8 millionBoard declares cash dividend of $.18 per share of Class A and Class B common stock SAN ANTONIO, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America, today announced that for the year ended December 31, 2024, the Company achieved ...

SAN ANTONIO, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc., (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America will host a conference call to discuss earnings for the fourth quarter and year-end 2024 on Wednesday, February 19, 2025 at 10:00 a.m. Eastern/9:00 a.m. Central. Earnings will be reported after the close of market on Tuesday, February 18, 2025. The call will be available at http://investor.rushenterprises.com/events.cfm on Wedne ...

SAN ANTONIO, Texas, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America, today announced that its Board of Directors approved a new stock repurchase program authorizing the Company to repurchase, from time to time, up to an aggregate of $150 million of its shares of Class A common stock, $.01 par value per share, and/or Class B common stock, $.01 par value per share. “I am pleased to announce ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________________ to _______________________ Commission File Number 0-20797 RUSH ENTERPRISES, INC. (Exact name of registrant as spec ...