Rush Enterprises reports Q4 EPS 91c vs 95c last year

Reports Q4 revenue $2B vs $2B last year. “Despite the persistent headwinds the industry faced in 2024, I am proud of the financial results our team delivered,” said W.M. “Rusty” Rush, Chairman, Chief Executive Officer and President of Rush Enterprises (RUSHA), Inc. “The ongoing freight recession, continued high interest rates and general economic uncertainty had an outsized impact on over-the-road carriers, our largest customer segment, which translated to weak demand for Class 8 trucks throughout the year from that segment. However, vocational and public sector sales of new Class 8 trucks continued to be bright spots in our diversified customer mix, and our strength in those customer segments helped offset the weak demand from over-the-road customers. Our Class 4-7 truck sales were strong across all of the customer segments we support, and we significantly outpaced the market in medium-duty sales. In addition, while the used truck market remained difficult, we continued to execute well on our used truck sales strategy, which allowed us to achieve solid profits from our used truck sales operations in 2024,” continued Rush.