Rush Enterprises Inc

Latest Results (19.05.2026):

Rush Enterprises, Inc. — Second Quarter 2025: The company reported Q2 2025 results with revenues of $1.931 billion and net income attributable to Rush Enterprises of $72.4 million (diluted EPS $0.90). Management highlighted continued industry headwinds (weak freight rates, overcapacity and policy/regulatory uncertainty) but noted operational discipline, aftermarket strength and capital returns to shareholders.

Top-line and profit

Q2 2025 revenue: $1.9307 billion (down 4.8% YoY from $2.0270 billion). Net income attributable to Rush: $72.4 million vs. $78.7 million in Q2 2024; diluted EPS $0.90 vs. $0.97.

Dividend and buybacks

Board declared a $0.19 per share quarterly cash dividend (to be paid Sept 12, 2025), a 5.6% increase vs. prior quarter. Q2 repurchases: $83.9 million; $121.4 million repurchased year-to-date against a $200.0 million authorization. Q2 dividend paid: $14.5 million.

Aftermarket performance

Aftermarket (parts, service, collision) generated $636.3 million in revenue (up 1.4% YoY) and accounted for ~63.0% of total gross profit. Absorption ratio was 135.5% (up from 134.0% a year ago).

Commercial vehicle sales mix

Q2 deliveries: 3,259 new heavy-duty trucks (down 20.3% YoY), 3,803 new medium-duty (up 1.0% YoY), 703 new light-duty and 1,715 used units (down 0.5% YoY). New Class 8 U.S. retail market softness and timing of large fleet deliveries weighed on heavy‑duty sales.

Leasing & rental

Lease and rental revenue reached $93.1 million (up 6.3% YoY) — management called this a record quarter for Rush Truck Leasing, with improving rental utilization and lower operating costs from newer fleet additions.

Cash flow and leverage

Cash and equivalents at June 30, 2025: $211.1 million. Total GAAP debt: $1.625 billion (down YoY). Management’s Adjusted Net (Cash) Debt (non‑GAAP) was a net cash position of $(207.6) million.

Non‑GAAP metrics

Twelve months ended June 30, 2025: EBITDA $503.1 million and Adjusted EBITDA $442.7 million. Free cash flow (TTM) $402.4 million; Adjusted Free Cash Flow $664.7 million.

Management outlook & risks

Management expects aftermarket to remain stable with potential modest growth and sees medium‑duty demand holding up. It remains cautious on new Class 8 demand and notes uncertainty from U.S. trade policy and engine emissions regulation that could materially affect timing of purchases.