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Get filing alertsRush Enterprises Q1: revenue −9%, net income +2% / EPS +5%, declares $0.19 dividend
Filed April 28, 2026 · Period ending April 28, 2026 · ~1 min read
Key Changes
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Q1 2026 revenue fell 9.2% to $1.68B as industry Class 8 truck sales dropped 21%; net income rose 2% to $61.5M while diluted EPS rose 5% to $0.77 (share count −~3% on buybacks).
Item 2.02 — Results of Operations and Financial Condition verify on EDGAR → -
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Rush sold 2,964 new Class 8 trucks (down 6%), capturing 7.2% market share and significantly outperforming the 21% industry decline, reflecting strong execution and customer diversity.
Exhibit 99.1 view on EDGAR → -
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Aftermarket revenue rose 1.3% to $627.2M and contributed 66.1% of gross profit; absorption ratio of 126.9% (down from 128.6% prior year) indicates parts/service covered overhead costs.
Exhibit 99.1 view on EDGAR → -
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Board declared quarterly dividend of $0.19/share (both Class A and Class B), payable June 10, 2026 to shareholders of record May 12, 2026.
Item 7.01 — Regulation FD Disclosure verify on EDGAR → -
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Signed agreement to acquire seven locations (six Peterbilt dealerships + one TRP parts store) across Louisiana and Mississippi, expected to close within months, expanding Gulf Coast footprint.
Exhibit 99.1 view on EDGAR →
Summary
Rush Enterprises reported first-quarter 2026 results that demonstrate operational resilience amid a prolonged freight recession. Revenue declined 9.2% year-over-year to $1.68 billion as industry-wide Class 8 truck sales fell 21%, yet net income rose 2% to $61.5 million while diluted EPS rose 5% to $0.77 from $0.73 — EPS outpaced net income because the share count fell roughly 3% year-over-year on buybacks.
The company significantly outperformed the broader market, selling 2,964 new Class 8 trucks (down only 6%) and capturing 7.2% market share. Aftermarket operations—parts, service, and collision centers—generated $627.2 million in revenue (up 1.3%) and contributed 66.1% of total gross profit.
The absorption ratio of 126.9%, while down slightly from 128.6% a year earlier, indicates that parts and service operations more than covered dealership overhead. Leasing and rental revenue grew 2.2% to $92.3 million. The Board declared a $0.19 quarterly dividend (payable June 10 to holders of record May 12), disclosed under Item 7.01. The company also signed an agreement to acquire seven locations in Louisiana and Mississippi (six Peterbilt dealerships plus one TRP parts store), expanding its Gulf Coast presence. The Item 2.02 earnings results and Item 7.01 dividend disclosure (including Exhibit 99.1) are furnished, not filed, under Section 18. The 8-K is signed by Steven L. Keller, CFO and Treasurer.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Rush Enterprises announced Q1 2026 financial results via press release on April 28, 2026.
Added in current filing · verify on EDGAR →
On April 28, 2026, Rush Enterprises, Inc. (the “Company”) issued a press release announcing the Company’s financial results for its first quarter ended March 31, 2026
The company disclosed its first quarter 2026 financial results through a press release. The 8-K itself does not contain the actual financial figures, which are in the attached press release exhibit. Item 2.02 and Item 7.01 information in this 8-K (including Exhibit 99.1) is furnished, not filed, under Section 18.
Event · Item 7.01 — Regulation FD Disclosure
Item 7.01 — Regulation FD Disclosure filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
the Company’s Board of Directors declared a quarterly cash dividend of $0.19 per share of Class A and Class B common stock, to be paid on June 10, 2026, to all shareholders of record as of May 12, 2026.
Rush Enterprises' Board declared a quarterly cash dividend of $0.19 per share for both Class A and Class B common stock. The dividend will be paid on June 10, 2026 to shareholders of record as of May 12, 2026. Item 2.02 and Item 7.01 information in this 8-K (including Exhibit 99.1) is furnished, not filed, under Section 18.
Event · Exhibit 99.1
Rush Enterprises reported Q1 2026 results with revenues of $1.68 billion, net income of $61.5 million ($0.77 per diluted share), and declared a $0.19 dividend.
Added in current filing · view on EDGAR →
for the quarter ended March 31, 2026, the Company achieved revenues of $1.68 billion and net income of $61.5 million, or $0.77 per diluted share, compared with revenues of $1.85 billion and net income of $60.3 million, or $0.73 per diluted share, in the quarter ended March 31, 2025. Additionally, the Company’s Board of Directors declared a cash dividend of $0.19 per share of Class A and Class B Common Stock, to be paid on June 10, 2026, to all shareholders of record as of May 12, 2026.
Rush Enterprises reported first-quarter 2026 revenues of $1.68 billion, down 9.2% year-over-year, reflecting continued weakness in commercial vehicle sales. Net income rose to $61.5 million ($0.77 per diluted share) from $60.3 million ($0.73 per diluted share) in Q1 2025, driven by expense management and stable aftermarket and leasing operations. The Board declared a quarterly dividend of $0.19 per share, payable June 10, 2026.
Added in current filing · view on EDGAR →
During the first quarter of 2026, the Company signed an asset purchase agreement to acquire Peterbilt dealerships in Baton Rouge, Lafayette, Lake Charles, New Orleans and Houma, Louisiana, as well as a Peterbilt dealership in McComb, Mississippi and a TRP location in Columbia, Mississippi. The Company expects to complete this acquisition and begin operating these locations as Rush Truck Centers in the next few months.
Rush Enterprises signed an agreement to acquire seven Peterbilt and TRP locations across Louisiana and Mississippi, expanding its dealership network in the Gulf Coast region. The transaction is expected to close within the next few months. Management framed the acquisition as a strategic expansion to capture market share and support long-term growth.
Added in current filing · view on EDGAR →
Leasing and Rental revenue in the first quarter of 2026 was $92.3 million, up 2.2% compared to the first quarter of 2025.
Leasing and rental operations generated $92.3 million in revenue, up 2.2% year-over-year, driven by continued strength in full-service leasing. Management noted that leasing demand remains healthy as customers replace aging equipment ahead of anticipated cost increases from new emissions regulations. Rental demand remained below historical levels but improved as the quarter progressed.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 10, 2026 · How we verify