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, 2020 ☐ TRANSITION REPORT UNDER 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) (State or other jurisdiction of incorporat ...

Rush Enterprises, Inc. (NASDAQ:RUSHA) Q4 2020 Earnings Conference Call February 11, 2021 10:00 AM ET Company Participants Rusty Rush - Chairman, CEO and President Mike McRoberts - COO Steve Keller - CFO Derrek Weaver - EVP Jay Hazelwood - VP and Controller Michael Goldstone - VP, General Counsel and Corporate Secretary Conference Call Participants Justin Long - Stephens Jamie Cook - Credit Suisse Andrew Obin - Bank of America Joel Tiss - BMO Brian Schwartz - Oppenheimer Operator Ladies and gentlemen, thank ...

Rush Enterprises, Inc. (NASDAQ:RUSHA) Q3 2020 Earnings Conference Call October 22, 2020 10:00 AM ET Company Participants Rusty Rush - Chairman, CEO and President Mike McRoberts - COO Steve Keller - CFO Derrek Weaver - EVP Jay Hazelwood - VP and Controller Michael Goldstone - VP, General Counsel and Corporate Secretary Conference Call Participants Justin Long - Stephens Jamie Cook - Credit Suisse Andrew Obin - Bank of America Shawn Kim - Gabelli Funds Joel Tiss - BMO Operator Good morning, ladies and gentlem ...

Financial Data and Key Metrics Changes - The company reported quarterly revenues of $1 billion, with a net income of $16.8 million or $0.46 per diluted share, and declared a cash dividend of $0.14 per common share, representing a 7.7% increase over the previous quarter [6][7][16] Business Line Data and Key Metrics Changes - Aftermarket revenues for parts, service, and body shop totaled $378 million, down 15.8% compared to Q2 2019, with an absorption ratio of 110.2% [9] - New Class 8 truck sales were 1,866 units, a decrease of 50.5% year-over-year, accounting for 5.2% of the total U.S. Class 8 market [11] - Used truck sales decreased by 15.8% year-over-year, but sales began to stabilize and rise in June [13] - Medium-duty Class 4-7 truck sales were 2,331 units, down 40% year-over-year, representing 4.6% of the U.S. market [15] Market Data and Key Metrics Changes - The energy sector was significantly impacted, with expectations of continued challenges due to global pricing wars and reduced rig counts [9] - ACT Research adjusted its U.S. Class 8 retail sales forecast to 159,000 units in 2020, an increase from previous estimates, indicating a potential recovery in the market [12] Company Strategy and Development Direction - The company is focused on maintaining long-term financial strength by implementing immediate cost management measures and strategic initiatives, including online parts ordering [7][10] - A commitment to returning value to shareholders was emphasized, with a share repurchase program reinstated and wage increases for employees [16] - The company aims to achieve a cost-to-gross profit ratio of 30% to 35% as the market recovers, down from the historical 50% [26][27] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about revenue stabilization and gradual recovery, despite ongoing uncertainties related to COVID-19 and the economic environment [8][21] - The company noted that service revenue was more heavily impacted by the oil and gas sector, but there are signs of recovery in parts and service as backlogs increase [22][23] - Management highlighted the importance of leveraging technology and improving operational efficiency to adapt to changing market conditions [62] Other Important Information - The company has not taken PPP loans, indicating a focus on self-management during the pandemic [39] - There is an ongoing evaluation of the competitive landscape, with potential opportunities for consolidation in the industry as some companies face financial distress [39] Q&A Session Summary Question: Trends in truck sales and service - Management noted an increase in quoting activity and a gradual improvement in truck sales and service, particularly in June, but emphasized the need for caution due to ongoing uncertainties [20][21] Question: Cost management and future expense structure - Management discussed efforts to reduce costs and maintain a lower expense base moving forward, aiming for a more efficient operation [24][26] Question: Geographic performance trends - California has performed well, while Texas, heavily reliant on oil and gas, has faced challenges. The Midwest is showing signs of recovery, and Florida has maintained strength despite tourism impacts [56][57] Question: Hydrogen fuel cell technology - Management acknowledged the potential of hydrogen fuel cell technology but indicated that it is still early for significant discussions or developments in this area [65][66]

Rush Enterprises, Inc. (NASDAQ:RUSHA) Q1 2020 Earnings Conference Call April 23, 2020 10:00 AM ET Company Participants Rusty Rush - Chairman, President and CEO Steve Keller - CFO Mike McRoberts - COO Derrek Weaver - EVP Jay Hazelwood - Vice President and Controller Michael Goldstone - Vice President, General Counsel, and Corporate Secretary Conference Call Participants Jamie Cook - Credit Suisse Justin Long - Stephens Joel Tiss - BMO Andrew Obin - Bank of America Operator Good morning, ladies and gentlemen, ...

Rush Enterprises, Inc. (NASDAQ:RUSHA) Q4 2019 Earnings Conference Call February 13, 2020 10:00 AM ET CompanyParticipants Rusty Rush - Chairman, President & CEO Steve Keller - CFO Conference Call Participants Jamie Cook - Credit Suisse Justin Long - Stephens Joel Tiss - BMO Capital Markets Chris Armes - Buckingham Research Operator Good morning, ladies and gentlemen, and welcome to the Rush Enterprises, Inc. Fourth Quarter and Year End 2019 Earnings Results. At this time, all participants are in a listen-onl ...