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Rush Enterprises B (RUSHB)
NASDAQ:RUSHB
Earnings Data
Report Date
Apr 29, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.73Last Year’s EPS
0.88Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 18, 2025
|% Change Since: -9.32%
|Next Earnings Date:Apr 29, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed sentiment. While the company saw strong performance in medium-duty truck sales and stability in leasing revenues, challenges such as a decline in Class 8 truck sales and aftermarket revenue, alongside potential tariff impacts and high inventory levels, weighed heavily. The company's strategic initiatives in diversification and vocational markets provided some positive offset, but the overall outlook remains cautious due to ongoing market pressures.Company Guidance
In the fourth quarter of 2024, Rush Enterprises reported annual revenues of $7.8 billion and a net income of $304.2 million, equating to $3.72 per diluted share. For the quarter, revenues were $2 billion, with net income reaching $74.7 million or $0.91 per diluted share. The company announced a cash dividend of $0.18 per common share. Despite challenges in the Class 8 truck market due to high interest rates and a freight recession, Rush Enterprises maintained strong sales in Class 4 through 7 trucks, outperforming the medium-duty truck market. Aftermarket revenues totaled $2.5 billion, down 1.8% from 2023, with an absorption ratio of 132.2%, slightly down from 135.3% the previous year. The company sold 15,465 new Class 8 trucks, an 11.4% decrease year-over-year, representing 6.1% of the US market and 1.7% of the Canadian market. Class 4 through 7 new truck sales increased by 5.1%, with 13,935 units sold, capturing 5.3% of the US market and 3.1% of the Canadian market. Used truck sales were stable with 7,110 units sold, while leasing and rental revenue was flat at $354.9 million. Looking forward to 2025, the company expects a soft aftermarket demand initially but anticipates improvement as the freight market recovers. Additionally, potential new tariffs on vehicles and parts manufactured in Canada, Mexico, or China could impact demand for new commercial vehicles in 2025.Annual Revenue and Net Income
Rush Enterprises, Inc. reported $7.8 billion in annual revenues for 2024 and a net income of $304.2 million or $3.72 per diluted share.
Strong Performance in Medium-Duty Truck Sales
Class 4 through 7 new truck sales were up 5.1% year-over-year, with 13,935 units sold in 2024, outperforming the market.
Strategic Focus on Diversification
The company's strategic focus on diversifying its customer base and focusing on large national accounts paid off, as evidenced by strong medium-duty truck sales.
Robust Vocational and Public Sector Markets
Strength in public sector and vocational markets helped balance out weak demand for new Class 8 trucks from over-the-road customers.
Leasing and Rental Revenue Stability
Leasing and rental revenue was $354.9 million, basically flat from 2023, with leasing revenue increasing as 1,500 units were replaced in the fleet.
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RUSHB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RUSHB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 18, 2025 | $57.73 | $58.45 | +1.25% |
| Oct 29, 2024 | $47.24 | $50.85 | +7.64% |
| Jul 31, 2024 | $46.94 | $50.18 | +6.90% |
| Apr 23, 2024 | $45.94 | $43.04 | -6.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Rush Enterprises B (RUSHB) report earnings?
Rush Enterprises B (RUSHB) is schdueled to report earning on Apr 29, 2025, TBA Not Confirmed.
What is Rush Enterprises B (RUSHB) earnings time?
Rush Enterprises B (RUSHB) earnings time is at Apr 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RUSHB EPS forecast?
RUSHB EPS forecast for the fiscal quarter 2025 (Q1) is 0.73.
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