Rush Enterprises Q3 2024 revenues and net income declined from previous year but improved aftermarket sales, expecting market conditions to improve in early 2025.
Rush Enterprises, North America's largest commercial vehicle dealership, reported Q3 2024 revenues of $1.896 billion and net income of $79.1 million, showing a decline from the previous year's $1.981 billion and $80.3 million. The board declared a cash dividend of $0.18 per share, payable December 12, 2024. Despite challenges like low freight rates and weak Class 8 truck demand, aftermarket sales improved slightly. The company anticipates market conditions may begin to improve in early 2025.
October 29, 2024
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