Rush Enterprise | 10-Q: FY2025 Q2 Revenue: USD 1.931 B

Revenue: As of FY2025 Q2, the actual value is USD 1.931 B.

EPS: As of FY2025 Q2, the actual value is USD 0.9.

EBIT: As of FY2025 Q2, the actual value is USD 97.24 M.

Truck Segment

Revenue

Three Months Ended June 30, 2025: $1,926,222 thousand
Six Months Ended June 30, 2025: $3,773,566 thousand

Cost of Products Sold

Three Months Ended June 30, 2025: $1,550,455 thousand
Six Months Ended June 30, 2025: $3,043,162 thousand

Controllable Expenses

Three Months Ended June 30, 2025: $219,008 thousand
Six Months Ended June 30, 2025: $436,216 thousand

Allocated Expenses

Three Months Ended June 30, 2025: $47,110 thousand
Six Months Ended June 30, 2025: $92,428 thousand

Operating Income

Three Months Ended June 30, 2025: $109,649 thousand
Six Months Ended June 30, 2025: $201,760 thousand

Segment Assets

As of June 30, 2025: $4,653,484 thousand

Capital Expenditures

Three Months Ended June 30, 2025: $125,146 thousand
Six Months Ended June 30, 2025: $238,460 thousand

Depreciation and Amortization

Three Months Ended June 30, 2025: $17,463 thousand
Six Months Ended June 30, 2025: $34,578 thousand

All Other Segment

Revenue

Three Months Ended June 30, 2025: $4,485 thousand
Six Months Ended June 30, 2025: $7,971 thousand

Cost of Products Sold

Three Months Ended June 30, 2025: $581 thousand
Six Months Ended June 30, 2025: $945 thousand

Controllable Expenses

Three Months Ended June 30, 2025: $2,407 thousand
Six Months Ended June 30, 2025: $3,751 thousand

Allocated Expenses

Three Months Ended June 30, 2025: $941 thousand
Six Months Ended June 30, 2025: $2,962 thousand

Operating Income

Three Months Ended June 30, 2025: $556 thousand
Six Months Ended June 30, 2025: $315 thousand

Segment Assets

As of June 30, 2025: $62,290 thousand

Capital Expenditures

Three Months Ended June 30, 2025: $526 thousand
Six Months Ended June 30, 2025: $526 thousand

Depreciation and Amortization

Three Months Ended June 30, 2025: $148 thousand
Six Months Ended June 30, 2025: $288 thousand

Total

Revenue

Three Months Ended June 30, 2025: $1,930,707 thousand
Six Months Ended June 30, 2025: $3,781,537 thousand

Cost of Products Sold

Three Months Ended June 30, 2025: $1,551,036 thousand
Six Months Ended June 30, 2025: $3,044,106 thousand

Controllable Expenses

Three Months Ended June 30, 2025: $221,415 thousand
Six Months Ended June 30, 2025: $439,968 thousand

Allocated Expenses

Three Months Ended June 30, 2025: $48,050 thousand
Six Months Ended June 30, 2025: $95,388 thousand

Operating Income

Three Months Ended June 30, 2025: $110,206 thousand
Six Months Ended June 30, 2025: $202,075 thousand

Segment Assets

As of June 30, 2025: $4,715,774 thousand

Capital Expenditures

Three Months Ended June 30, 2025: $125,672 thousand
Six Months Ended June 30, 2025: $238,986 thousand

Depreciation and Amortization

Three Months Ended June 30, 2025: $17,611 thousand
Six Months Ended June 30, 2025: $34,867 thousand

Future Outlook and Strategy

Core Business Focus

New U.S. Class 8 Retail Truck Sales Forecast: 221,400 units in 2025, representing a 10.5% decrease compared to 2024. Expected U.S. market share of new Class 8 truck sales to range between 5.4% and 5.9% in 2025, resulting in the sale of approximately 12,000 to 13,000 new Class 8 trucks in 2025. Expected to sell approximately 400 new Class 8 trucks in Canada in 2025.
New U.S. Class 4 through 7 Retail Commercial Vehicle Sales Forecast: 231,300 units in 2025, representing a 10.2% decrease compared to 2024. Expected U.S. market share of new Class 4 through 7 commercial vehicle sales to range between 5.8% and 6.3% in 2025, resulting in the sale of approximately 13,400 to 14,600 new Class 4 through 7 commercial vehicles in 2025. Expected to sell approximately 900 new Class 5 through 7 commercial vehicles in Canada in 2025.
Light-Duty and Used Commercial Vehicles Sales Forecast: Expected to sell approximately 2,500 light-duty vehicles and approximately 6,500 to 7,500 used commercial vehicles in 2025. Lease and rental revenue expected to increase approximately 5.0% during 2025 compared to 2024.

Non-Core Business

Aftermarket Products and Services: Despite a difficult operating environment, experienced a slight increase in demand during the second quarter from most customer segments, including owner-operators and small fleets. Aftermarket Products and Services revenues expected to remain flat in the third quarter, with potential for modest growth. Uncertainty remains for the remainder of the year due to potential changes in U.S. trade policy.