Rush Enterprises, Inc. announced second-quarter 2025 revenues of $1.9 billion, a 4.8% decrease compared to the second quarter of 2024. Despite the revenue decline, the company reported net income of $72.4 million, or $0.90 per diluted share. The absorption ratio for the quarter stood at 135.5%, indicating efficient management of fixed costs relative to aftermarket revenues.
Aftermarket operations continued to be a significant contributor to the company's performance, accounting for approximately 63% of total gross profit in the second quarter. This highlights the resilience of the aftermarket segment in mitigating impacts from broader market challenges. The company's diversified business model, including its strong aftermarket component, provides stability during periods of fluctuating new vehicle sales.
The Board of Directors declared a cash dividend of $0.19 per share of Class A and Class B Common Stock, representing a 5.6% increase over the prior quarter's dividend of $0.18 per share. This dividend increase signals management's confidence in the company's ongoing ability to generate strong cash flow and its commitment to returning value to shareholders, even amidst a challenging commercial vehicle market.
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