Business
Rush Enterprises, Inc. Reports First Quarter 2025 Results, Announces $0.18 per Share Dividend
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
About this update from Rush Enterprises, Inc.
[{"type":"text","content":"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 ended March 31, 2025, the Company achieved revenues of $1.85 billion and net income of $60.3 million, or $0.73 per diluted share, compared with revenues of $1.87 billion and net income of $71.6 million, or $0.88 per diluted share, in the quarter ended March 31, 2024. Additionally, the Company’s Board of Directors declared a cash dividend of $0.18 per share of Class A and Class B Common Stock, to be paid on June 12, 2025, to all shareholders of record as of May 12, 2025. “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 diversified customer base, we managed to slightly outperform the industry in the first quarter. As we have demonstrated over the past several quarters, the strength of our sales to vocational and public sector customers helped somewhat offset the sluggishness from our over-the-road customers,” said W.M. “Rusty” Rush, Chairman, Chief Executive Officer and President of Rush Enterprises, Inc. “Across the industry, new Class 4-7 trucks sales were also down in the quarter. However, due in part to our unique “Ready to Roll” inventory program, our sales remained relatively steady, and we outperformed the industry in medium-duty truck sales as well. From a used truck sale perspective, the first quarter was somewhat typical, with slower sales in January and February followed by a stronger March that resulted in sequential growth compared to the fourth quarter,” continue...