NEW BRAUNFELS, Texas, July 08, 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 second quarter of 2025 on Thursday, July 31 at 10:00 a.m. Eastern/9:00 a.m. Central. Earnings will be reported after the close of market on Wednesday July 30, 2025. The call will be available at https://edge.media-server.com/mmc/p/wh8houx4 on Thursday, July 31 at 1 ...

SAN ANTONIO, May 29, 2025 (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 an increase of $50 million to its existing stock repurchase program authorizing the Company to repurchase, from time to time, up to an aggregate of $200 million of its shares of Class A common stock, $.01 par value per share, and/or Class B common stock, $.01 par value per shar ...

Revenue Performance - Total revenues decreased by $21.2 million, or 1.1%, in Q1 2025 compared to Q1 2024, primarily due to decreased Aftermarket Products and Services revenue[68] - Aftermarket Products and Services revenues totaled $619.1 million in Q1 2025, down 4.6% from Q1 2024, attributed to weak demand and fewer working days[69] - New and used commercial vehicle sales increased by $7.5 million, or 0.7%, in Q1 2025 compared to Q1 2024, driven by a favorable product mix[70] - New Class 8 truck sales were 3,222 units in Q1 2025, a 7.8% decrease from 3,494 units in Q1 2024, influenced by economic uncertainty and high interest rates[71] - New Class 4 through 7 medium-duty commercial vehicle sales were 3,329 units in Q1 2025, a slight decrease of 0.1% compared to Q1 2024[72] - Light-duty vehicle sales increased by 3.1% to 470 units in Q1 2025, compared to 456 units in Q1 2024[73] - Used commercial vehicle sales decreased by 2.7% to 1,769 units in Q1 2025, down from 1,818 units in Q1 2024[73] Profitability and Expenses - Gross profit decreased by $32.1 million, or 8.2%, in Q1 2025, with gross profit as a percentage of sales falling to 19.3% from 20.8%[76] - Gross profit from Aftermarket Products and Services dropped to $221.3 million in Q1 2025, down from $236.9 million in Q1 2024[77] - SG&A expenses decreased by $14.9 million, or 5.6%, in Q1 2025, with SG&A as a percentage of total revenues at 13.4%[83] - Net interest expense decreased by $5.1 million, or 28.4%, in Q1 2025 due to lower inventory levels and interest rates[84] - Income before income taxes fell by $14.2 million, or 15.4%, in Q1 2025 compared to Q1 2024[85] Cash Flow and Financing - Cash provided by operating activities was $154.2 million in Q1 2025, a significant recovery from a cash outflow of $155.1 million in Q1 2024[97] - In Q1 2025, net cash used in financing activities was $56.4 million, with inflows of $288.4 million from long-term debt borrowings and $6.2 million from equity compensation shares issuance, offset by outflows totaling $293.2 million for principal repayments and $29.6 million for common stock repurchases[102] Order Backlog and Market Outlook - As of March 31, 2025, the backlog of commercial vehicle orders was approximately $1,401.3 million, down from $2,047.1 million on March 31, 2024, indicating a significant decrease in confirmed orders[112] - The company expects to fill most of its backlog orders during 2025, assuming manufacturers can meet production schedules[112] - U.S. market share for new Class 8 truck sales is expected to range between 5.4% and 5.9% in 2025, translating to approximately 11,500 to 12,500 units sold[58] - New U.S. Class 4 through 7 retail commercial vehicle sales are forecasted to decrease by 8.5% in 2025 compared to 2024[59] - Lease and rental revenue is projected to increase by approximately 3.0% in 2025 compared to 2024[60] - Aftermarket Products and Services revenues are expected to be flat to down 2% in 2025 compared to 2024[61] Regulatory Environment and Market Risks - The EPA 2027 Low NOx rule will require commercial vehicle engines to emit significantly less NOx starting in model year 2027, increasing the useful life of vehicles and extending warranty terms[122] - The GHG-3 rule mandates an increasing percentage of "zero-emission" vehicles from 2027 to 2032, likely reducing the production of diesel internal combustion engines[122] - CARB's Advanced Clean Trucks rule requires a certain percentage of commercial vehicles sold in California to be "zero-emission," with a goal of 100% zero-emission vehicles by 2050 and 30% by 2030[123] - Multiple lawsuits are pending challenging CARB's rules and the GHG-3 rule, which may impact regulatory compliance and operational costs[122] - The company cannot predict the potential adverse impacts of new laws and regulations on its business, financial condition, and results of operations[123] Debt and Credit Agreements - As of March 31, 2025, the company had outstanding floor plan borrowings and lease and rental fleet borrowings totaling $1,329.0 million[125] - On March 31, 2025, approximately $142.4 million was outstanding under the WF Credit Agreement, which allows for up to $175.0 million in revolving credit loans for capital expenditures[104] - The PLC Agreement provides for up to $500.0 million in revolving credit loans, with $220.0 million required as a minimum balance, and $220.0 million was outstanding as of March 31, 2025[105] - The PFC Floor Plan Credit Agreement has an aggregate loan commitment of $800.0 million, with approximately $480.0 million outstanding as of March 31, 2025[108] - The BMO Floor Plan Credit Agreement was amended to reduce the loan commitment from $1.0 billion to $675.0 million, with approximately $368.1 million outstanding as of March 31, 2025[109] - The RTC Canada Revolving Credit Agreement allows for up to $120.0 million CAD in loans, with approximately $59.4 million CAD outstanding as of March 31, 2025[106] - The RTC Canada Floor Plan Credit Agreement has a credit limit of $116.7 million CAD, with approximately $85.0 million CAD outstanding as of March 31, 2025[111] - A 100 basis point change in the prime rate, SOFR, or CORRA could result in an annual interest expense change of approximately $13.3 million[125] Market Conditions and Economic Impact - The business is subject to cyclical variations based on economic conditions, with U.S. retail sales of new Class 8 commercial vehicles ranging from approximately 197,000 to 281,440 units over the last ten years[114] - Seventeen U.S. states and the District of Columbia have committed to advance the market for electric Class 3 through 8 commercial vehicles, aligning with CARB's emissions regulations[123] - The company is exposed to market risks related to interest rates from various credit agreements, including the PFC Floor Plan Credit Agreement and the BMO Floor Plan Credit Agreement[125] - CARB has agreed to align its HD Omnibus rule with the EPA 2027 Low NOx rule, modifying certain provisions of its existing regulations[123]

[Rush Enterprises, Inc. Q1 2025 Earnings Release](index=1&type=section&id=Rush%20Enterprises%2C%20Inc.%20Q1%202025%20Earnings%20Release) [Financial & Operational Highlights](index=1&type=section&id=Financial%20%26%20Operational%20Highlights) The company reported Q1 2025 revenues of $1.85 billion and net income of $60.3 million amid challenging market conditions Q1 2025 vs. Q1 2024 Financial Performance | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Revenues | $1.85 billion | $1.87 billion | | Net Income | $60.3 million | $71.6 million | | Diluted EPS | $0.73 | $0.88 | - The Board of Directors declared a cash dividend of **$0.18 per share** for both Class A and Class B Common Stock, payable on June 12, 2025[2](index=2&type=chunk) - The company achieved an **absorption ratio of 128.6%** in the first quarter[6](index=6&type=chunk)[9](index=9&type=chunk) [Management Commentary & Outlook](index=1&type=section&id=Management%20Commentary%20%26%20Outlook) Management cited significant industry headwinds from a freight recession and policy uncertainty, which softened new truck demand - Industry challenges in Q1 2025 were exacerbated by concerns over U.S. trade policy, tariffs, and emissions regulations, causing customers to adopt a **cautious vehicle acquisition strategy**[3](index=3&type=chunk) - The company's focus on sales to **vocational and public sector customers**, along with its "Ready to Roll" inventory program, helped outperform the industry[3](index=3&type=chunk) - The primary uncertainty for H2 2025 is the impact of **potential tariffs and emissions regulations** on freight volumes and vehicle pricing[5](index=5&type=chunk) - Aftermarket revenue was down year-over-year due to **one less working day** in 2025 and the completion of certain customer service projects in 2024[4](index=4&type=chunk) [Operational Performance](index=2&type=section&id=Operational%20Performance) The company showed operational resilience with aftermarket services contributing 61.9% of total gross profit and vehicle sales outperforming the industry [Aftermarket Products and Services](index=2&type=section&id=Aftermarket%20Products%20and%20Services) Aftermarket revenues totaled $619.1 million, accounting for 61.9% of total gross profit despite a year-over-year decline Aftermarket Performance Q1 2025 | Metric | Value | | :--- | :--- | | Revenues | $619.1 million (-4.6% YoY) | | % of Total Gross Profit | 61.9% | | Absorption Ratio | 128.6% | - The company is actively monitoring potential **parts supply chain disruptions** that could result from proposed tariffs[11](index=11&type=chunk) - Strategic initiatives include growing the aftermarket salesforce, adding service technicians, and **optimizing parts delivery and call center operations**[10](index=10&type=chunk)[11](index=11&type=chunk) [Commercial Vehicle Sales](index=2&type=section&id=Commercial%20Vehicle%20Sales) The company's new Class 8 and Class 4-7 truck sales declines were less severe than the overall industry downturn U.S. New Class 8 Truck Sales - Q1 2025 | Metric | Rush Enterprises | Industry (ACT Research) | | :--- | :--- | :--- | | Units Sold | 3,154 | 51,938 | | YoY Change | -7.4% | -9.2% | | Market Share | 6.1% | N/A | U.S. New Class 4-7 Truck Sales - Q1 2025 | Metric | Rush Enterprises | Industry (ACT Research) | | :--- | :--- | :--- | | Units Sold | 3,204 | 56,988 | | YoY Change | Relatively Flat | -4.7% | | Market Share | 5.6% | N/A | - The company sold **1,769 used commercial vehicles** in Q1 2025, a 2.7% decrease compared to Q1 2024[17](index=17&type=chunk) [Leasing and Rental](index=3&type=section&id=Leasing%20and%20Rental) The Leasing and Rental division saw a 2.7% revenue increase to $90.3 million, driven by growth in full-service leasing - Leasing and Rental revenue was **$90.3 million** in Q1 2025, up 2.7% from Q1 2024[18](index=18&type=chunk) - The division operates over **10,100 trucks** in its lease and rental fleet and has over **1,700 trucks** under contract maintenance agreements[22](index=22&type=chunk) - Growth was driven by an increase in **full-service leasing revenue**, while rental revenue decreased slightly due to lower utilization[18](index=18&type=chunk) [Financial Statements](index=5&type=section&id=Financial%20Statements) Consolidated financial statements for Q1 2025 show total assets of $4.69 billion and net income of $60.3 million [Consolidated Balance Sheets](index=5&type=section&id=Consolidated%20Balance%20Sheets) Total assets grew to $4.69 billion as of March 31, 2025, with inventories increasing to $1.89 billion Consolidated Balance Sheet Highlights (in thousands) | Account | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Total current assets | $2,434,389 | $2,389,715 | | Total assets | $4,687,941 | $4,617,547 | | Total current liabilities | $1,695,348 | $1,650,119 | | Total shareholders' equity | $2,187,584 | $2,161,903 | [Consolidated Statements of Income](index=6&type=section&id=Consolidated%20Statements%20of%20Income) For Q1 2025, total revenue was $1.85 billion, with net income attributable to the company falling to $60.3 million Consolidated Income Statement Highlights (in thousands) | Account | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Total revenue | $1,850,830 | $1,871,999 | | Gross profit | $357,760 | $389,875 | | Operating income | $91,869 | $110,610 | | Net income attributable to Rush | $60,322 | $71,608 | | Diluted EPS | $0.73 | $0.88 | [Non-GAAP Financial Measures](index=7&type=section&id=Non-GAAP%20Financial%20Measures) The company uses non-GAAP measures like Adjusted EBITDA and Adjusted Free Cash Flow to assess performance and capital structure - Management believes these non-GAAP measures provide useful information about operating results and capital structure, cautioning they may not be comparable to other companies' measures[36](index=36&type=chunk) Absorption Ratio | Period | Ratio | | :--- | :--- | | Q1 2025 | 128.6% | | Q1 2024 | 130.1% | Debt Analysis (in thousands) | Metric | March 31, 2025 | March 31, 2024 | | :--- | :--- | :--- | | Total Debt (GAAP) | $1,610,920 | $1,910,907 | | Adjusted Net Debt (Cash) (Non-GAAP) | $(225,148) | $(151,831) | EBITDA (in thousands, TTM) | Metric | TTM Ended Mar 31, 2025 | TTM Ended Mar 31, 2024 | | :--- | :--- | :--- | | EBITDA (Non-GAAP) | $517,312 | $557,220 | | Adjusted EBITDA (Non-GAAP) | $450,228 | $496,255 |

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 ...

Business Operations - Rush Enterprises operates over 143 franchised Rush Truck Centers locations across 23 states[27] - The company increased its equity interest in RTC Canada to 80% after acquiring an additional 30% in May 2022[27] - The total number of locations includes 121 owned, 78 leased, and 16 other locations, totaling 488 franchises[30] - The company plans to expand its dealership network through strategic acquisitions and new locations to better serve customers[28] - Rush Truck Centers provide a comprehensive range of services, including new and used vehicle sales, aftermarket parts, service, and financing[26] - The company operates 54 franchised Rush Truck Leasing locations in 21 states and 5 in Ontario, offering a wide range of commercial vehicles for lease[29] - The joint venture with Cummins focuses on manufacturing compressed natural gas fuel systems for commercial vehicles[33] - The company emphasizes a one-stop service model to mitigate economic fluctuations, enhancing overall operating margins[36] - The company has developed certain dealerships as "one-stop centers" providing integrated services including sales, leasing, and financial services[36] Financial Performance - Aftermarket Products and Services generated revenues of approximately $2,516.0 million, accounting for 32.2% of total revenues and 60.4% of gross profit for 2024[39] - New commercial vehicle sales accounted for approximately $4,553.0 million, or 58.3% of total revenues in 2024, with Class 8 heavy-duty truck sales contributing $2,906.8 million, or 37.2% of total revenues[42] - Used commercial vehicle sales reached approximately $335.8 million, representing 4.3% of total revenues for 2024[46] - Vehicle leasing and rental revenues amounted to approximately $354.9 million, or 4.5% of total revenues for 2024[47] - Warranty-related parts and service revenues accounted for approximately $186.6 million, or 2.4% of total revenues for 2024[40] - New medium-duty commercial vehicle sales, excluding new bus sales, accounted for approximately $1,312.3 million, or 16.8% of total revenues for 2024[43] - Financial and insurance product sales contributed approximately $22.0 million, or 0.3%, of total revenues for 2024[48] Employee Metrics - The turnover rate for U.S. and Canada technicians was 38.1% in 2024, compared to 33.6% in 2023, indicating a significant increase in technician turnover[66] - The company employed 7,388 people in the U.S. and 550 in Canada as of December 31, 2024, with less than 1.4% classified as part-time[51] - The overall employee turnover rate for U.S. and Canada was 30.5% in 2024, up from 25.1% in 2023[66] - The company had a Total Recordable Incident Rate (TRIR) of 4.10 in 2024, compared to 3.68 in 2023[71] Acquisitions - The company acquired assets of Nebraska Peterbilt for approximately $16.5 million on July 15, 2024, including commercial vehicle and parts inventory[79] - On December 4, 2023, the company acquired assets of Freeway Ford Truck Sales, Inc. for approximately $16.3 million, which included a Ford commercial vehicle franchise[80] - The company acquired assets of Scheppers International Truck Center for approximately $6.8 million on November 7, 2022, including an International truck franchise and inventory[81] - The company increased its equity interest in RTC Canada to 80% for approximately $20.0 million, consolidating its operating results thereafter[82] Revenue Breakdown - Sales of new Peterbilt commercial vehicles accounted for approximately 34.3% of total revenues for 2024[85] - Sales of new International commercial vehicles accounted for approximately 17.4% of total revenues for 2024[86] - Sales of new non-Peterbilt and non-International commercial vehicles accounted for approximately 6.6% of total revenues for 2024[87] Debt and Credit Agreements - As of December 31, 2024, the company had approximately $492.7 million outstanding under the PFC Floor Plan Credit Agreement[91] - The average daily outstanding borrowings under the BMO Floor Plan Credit Agreement were $956.4 million during the twelve months ended December 31, 2024[92] - The company had approximately $78.2 million CAD outstanding under the RTC Canada Floor Plan Credit Agreement as of December 31, 2024[94] - The company had approximately $153.4 million outstanding under the WF Credit Agreement as of December 31, 2024[95] - The Company entered into a PLC Agreement for up to $500.0 million in revolving credit loans to finance capital expenditures, with a minimum balance requirement of $220.0 million[96] - As of December 31, 2024, the outstanding amount under the PLC Agreement was approximately $220.0 million[96] - RTC Canada has a revolving credit agreement with BMO for up to $120.0 million CAD, with an additional $20.0 million CAD available upon request[97] - As of December 31, 2024, RTC Canada had approximately $50.4 million CAD outstanding under the revolving credit agreement[97] Order Backlog and Market Conditions - The backlog of commercial vehicle orders decreased to approximately $1,512.7 million as of December 31, 2024, down from approximately $3,733.4 million on December 31, 2023[102] - The decrease in backlog reflects reduced demand for new Class 8 trucks due to production catching up to pent-up demand and an ongoing freight recession[102] - The Company expects to fill all backlog orders during 2025, although recent tariffs could lead to cancellations[102] - The Truck Segment experiences moderate seasonality, with higher sales volumes in the second and third quarters historically for Aftermarket Products and Services[101] Environmental Regulations - The Company is subject to new EPA regulations requiring significant reductions in NOx emissions starting in model year 2027[108] - CARB has adopted rules to phase out the sale of internal combustion engine commercial vehicles, aiming for 100% zero-emission vehicles by 2050[109] - The Company does not anticipate material environmental liabilities affecting its financial condition, but compliance costs may increase due to evolving regulations[107] - The Clean Truck Partnership was established in July 2023, where manufacturers agreed to comply with CARB's emission requirements and align with the EPA 2027 Low NOx rule[109] - A joint memorandum of understanding among seventeen U.S. states aims for 100% of new Class 3 through 8 commercial vehicles to be zero emission by 2050, with a 30% target by 2030[109] - The company does not currently believe it has any material environmental liabilities, but acknowledges potential future costs related to compliance with environmental laws[107] Warranty Information - The company provides limited warranties on proprietary parts and services, and extended warranties on new Blue Bird school buses sold in Texas[98] - The company does not provide warranties on used commercial vehicles, but customers can purchase third-party warranties[99]

Financial Data and Key Metrics Changes - The company reported annual revenues of $7.8 billion for 2024, with a net income of $304.2 million or $3.72 per diluted share [6] - For Q4 2024, revenues were $2 billion, and net income was $74.7 million or $0.91 per diluted share [6] - A cash dividend of $0.18 per common share was announced [7] Business Line Data and Key Metrics Changes - Parts, service, and body shop revenues were $2.5 billion, down 1.8% from 2023, with an absorption ratio of 132.2% compared to 135.3% in 2023 [10][11] - New Class 8 truck sales were 15,465 units, down 11.4% year-over-year, representing 6.1% of the US market and 1.7% of the Canadian market [12] - Class 4 through 7 new truck sales increased by 5.1% year-over-year, with 13,935 units sold in 2024, representing 5.3% of the US market and 3.1% of the Canadian market [14] Market Data and Key Metrics Changes - The used truck market remained challenging, with sales of 7,110 used trucks in 2024 being flat year-over-year [16] - Leasing and rental revenue was $354.9 million, basically flat from 2023 [17] - ACT Research forecasts US and Canadian sales of new Class 8 trucks to be 277,200 units in 2025, flat with 2024 [13] Company Strategy and Development Direction - The company aims to expand its technician workforce in 2025, particularly mobile technicians, to reduce vehicle downtime and enhance service [12] - Focus on growing the national account customer base and other aftermarket strategic initiatives is expected to drive revenue growth [11] - The company is monitoring proposed tariffs that may impact vehicle and component parts prices, which could decrease demand for new commercial vehicles [20] Management's Comments on Operating Environment and Future Outlook - The management acknowledged a challenging year in 2024 due to the freight recession, high interest rates, and economic uncertainty [7] - There is optimism for a recovery in the second half of 2025 as freight rates improve, despite a tough start to the year [14][34] - Management expressed confidence in the vocational market remaining strong, with potential growth in the oilfield sector [55] Other Important Information - The company plans to manage G&A expenses carefully as business ramps up, aiming to maintain a gross profit margin of around 40% [41][44] - The management highlighted the importance of adapting to e-commerce trends to potentially reduce expenses in the future [47] Q&A Session Summary Question: Earnings seasonality in 2025 and parts and service recovery - Management expects a tough first half of 2025 but anticipates a ramp-up in the second half, with parts and service potentially improving as the year progresses [25][34] Question: SG&A control and efficiency - Management indicated that SG&A expenses are tied to truck sales and that they managed to reduce G&A expenses by almost 5% year-over-year [40][41] Question: Vocational market outlook for 2025 - Management believes the vocational market will remain strong, with good demand despite not having large backlogs [55][60] Question: Medium-duty market expectations - Management expects medium-duty sales to remain flat in 2025, as supply has caught up with demand [62][66] Question: Emissions regulations and pre-buy discussions - Management noted uncertainty around emissions regulations and expects some pre-buy activity as new regulations approach [72][90] Question: Impact of proposed tariffs - Management expressed concerns that proposed tariffs could significantly increase truck prices and squeeze demand, but they are unsure of the timeline for implementation [93][96] Question: Discounting on new truck pricing - Management does not expect broad-based discounting in the first half of 2025, anticipating flat pricing instead [105][106]

Financial Performance - For the year ended December 31, 2024, the company achieved revenues of $7.8 billion, a slight decrease from $7.9 billion in 2023. Net income was $304.2 million, or $3.72 per diluted share, down from $347.1 million, or $4.15 per diluted share in the previous year [1][24]. - The company recognized a one-time, pre-tax charge of approximately $3.3 million in Q3 2024 due to Hurricane Helene, compared to a $2.5 million charge in Q3 2023 related to a fire loss [1][24]. - Adjusted net income for 2024 was $306.7 million, or $3.75 per diluted share, compared to $349.0 million, or $4.17 per diluted share in 2023 [1][24]. Market Conditions - The company faced persistent headwinds in 2024, including a freight recession, high interest rates, and economic uncertainty, which negatively impacted demand for Class 8 trucks, particularly from over-the-road carriers [2]. - Despite challenges, vocational and public sector sales of new Class 8 trucks remained strong, helping to offset weak demand from over-the-road customers [2]. - New U.S. and Canadian Class 8 retail truck sales totaled 275,184 units in 2024, down 8.8% from 2023, with the company selling 15,465 new Class 8 trucks, a decrease of 11.4% [14]. Aftermarket Products and Services - Aftermarket products and services accounted for approximately 60.4% of the company's total gross profits in 2024, with revenues totaling $2.5 billion, down 1.8% from 2023 [11][25]. - Parts revenue decreased year-over-year, primarily due to lower sales to over-the-road and wholesale customers, while service and body shop revenues increased, driven by vocational and public sector customers [3][12]. - The company achieved an annual absorption ratio of 132.2% in 2024, compared to 135.3% in 2023, indicating effective management of overhead expenses [11]. Strategic Initiatives - The company expanded its network in 2024 by adding new Rush Truck Centers locations and enhancing vehicle modification capabilities, demonstrating a commitment to better serve customers [9]. - A $150 million stock repurchase program was announced, reflecting confidence in the company's ability to generate strong free cash flow despite challenging conditions [4]. - The company plans to focus on growing its national account customer base and expanding its mobile service fleet to enhance aftermarket service sales in 2025 [13]. Future Outlook - Looking ahead to 2025, the company anticipates a challenging first half for new Class 8 truck sales, with expectations for improvement in freight rates by the end of Q2 [5][17]. - The company expects to maintain its market share in Class 4-7 commercial vehicles, despite a slight market softening, and aims to continue growing its medium-duty market share [5][19]. - The company is monitoring proposed tariffs that may impact vehicle and component prices, which could affect demand in 2025 [7].

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 ...