Rush Enterprises’ 2Q Earnings Fall

Truck dealership Rush Enterprises’ first-quarter net income fell to $6.1 million, or 16 cents a share, down from $13 million, or 34 cents, a year ago.

Revenue fell 12.5% to $454.7 million, the company said Thursday. Truck segment revenue fell to $425.2 million, from $488 million last year.

Rush delivered 1,665 new heavy-duty trucks in the quarter, compared with 1,869 last year. It delivered 979 new medium-duty trucks, down from 1,324, and 795 used trucks, down from 984 last year.

In addition to trucks, Rush also operates a John Deere dealership and has a construction equipment segment.

Its construction equipment segment had revenue of $24.7 million, down from $26.3 million.