EarningsQ3 2026 Earnings Report
DE:RUN Q3 2026 EPS Results
Actual EPS€0.58
Consensus EPS€0.58
Beat/MissBeat by +<€0.01
One Year Ago EPS€0.50
DE:RUN Q3 2026 Revenue Results
Actual Revenue€1.89B
Expected Revenue€1.84B
Beat/MissBeat by +€58.82M
YoY Revenue Growth+12.35%
Earnings Announcement Details
QuarterQ3 2026
Date10/27/2026
TimeAfter Close
Conference CallTuesday, October 27, 2026
DE:RUN Upcoming Earnings
Rush Enterprises B's next earnings date is estimated for February 17, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
DE:RUN Q3 2026 Earnings Call
0:00 / 0:00
Q3 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was predominantly positive, supported by double-digit revenue and earnings growth, Class 8 and medium-duty market-share gains, improving aftermarket activity, healthy used-truck and leasing demand, strong liquidity, and confidence that underlying replacement demand remains intact. The main concerns were EPA 2027 regulatory uncertainty, slower new orders, supplier constraints that may delay deliveries, lower margins year over year, cost pressure on customers, and limited visibility into the second quarter. Overall, the highlights significantly outweighed the lowlights, with management characterizing most challenges as timing or transition issues.Company Guidance
Strong Third-Quarter Financial Results
Revenue was approximately $2.1 billion, up 12.4% from a year ago. Net income was $78 million, or $0.65 per diluted share, up 18.2% year over year. The company also declared a quarterly cash dividend of $0.14 per share.
Strategic Expansion into Refrigerated Transportation
Rush completed its 50% investment in MCT companies, which operates 17 full-service dealerships and 3 mobile service locations across 6 states. Management described the investment as a strategic fit that expands the company's presence in refrigerated transportation.
Aftermarket Revenue and Profit Contribution Improved
Parts, service, and collision center revenue was approximately $680 million, up 5.8%. Aftermarket operations generated nearly 63% of total gross profit, and the absorption ratio was 128.3%.
Improving Customer Demand Across Multiple Segments
Demand improved across the customer base, with particularly good growth in energy and wholesale and encouraging improvement among smaller local customers. Management expects this momentum to continue, allowing for normal seasonality.
Class 8 Market-Share Gains
Rush sold 3.88 thousand new Class 8 trucks in the U.S., up 24.4% compared with industry growth of just over 10%. Class 8 market share reached 6.5%, with over-the-road customers driving much of the growth as improving freight rates and the need to replace older equipment supported demand.
Class 8 Backlog Supports Near-Term Visibility
Management said the Class 8 backlog provides good visibility into the strong fourth quarter and first quarter of next year. Trucks being delivered from the backlog are also expected to create additional parts and service opportunities.
Medium-Duty Outperformance
Rush sold 3.27 thousand Class 4 through 7 vehicles in the U.S., up 9.6%, while the overall market was essentially flat. Several large fleets that had deferred purchases took delivery during the quarter, and ready-to-roll inventory helped serve customers as manufacturer capacity tightened.
Preparedness for Medium-Duty Production Constraints
Rush added inventory during the quarter to help manage possible production constraints, which management said should put the company in a good position to respond to customers needing equipment quickly.
Healthy Used-Truck Demand
Rush sold 1.91 thousand used commercial vehicles, up 5.5% year over year, with demand particularly strong among smaller fleets. Limited new-truck availability and expected increases in new-vehicle prices continued to make used equipment an attractive alternative.
Leasing and Rental Growth
Leasing and rental revenue was $98.2 million, up 5.3%, driven by improved rental utilization and continued growth in full-service leasing and contract maintenance. Management expects rental demand to remain healthy into next year as some customers consider alternatives to buying higher-priced new vehicles.
Strong Liquidity and Shareholder Returns
During the fourth quarter, Rush repurchased $10.3 million of its stock and paid $16.4 million in dividends. The company ended September with $220 million in cash and cash equivalents.
Parts and Service Activity Reached Recent Highs
August was the best month of the year and September was the second-best month of the year based on the company's average gross profit per day in its shops. Management said national-account growth continued and smaller accounts were beginning to flatten rather than decline as dramatically as in the prior two years.
Expected Gradual Parts and Service Growth
Management said parts and service demand appeared sustainable, although not dramatic, and expected gradual good growth. For next year, the company would like to see same-store parts and service growth in the mid-single digits, potentially upper-single digits depending on the territory, rather than double-digit growth.
Stable Used-Truck Outlook
Management said used-truck results should remain solid and stable over the next few quarters and into next year. The company is managing inventories well, has buyers in the market, and expects new-truck price increases to help used trucks maintain value.
Continued Investment in the Total-Solution Strategy
Rush plans to continue investing where it sees attractive opportunities and to support customers across the life of the vehicle through initial purchases, parts and service, technology, leasing, rental, and other solutions.
Ongoing M&A Activity
Management said it would continue looking for mergers and acquisitions, describing the current focus as potentially combining many smaller opportunities rather than pursuing a large transaction.
Replacement Demand Remains Supported by Fleet Age
Management said fleet ages are elevated, with some customers' fleets nearly a year older than desired. This is contributing to higher maintenance needs and supports replacement demand going into next year.
Confidence That Demand Will Return After Regulatory Clarity
Management said customers continue to report demand and that the current order lull is primarily related to uncertainty around emissions technology and pricing. The company expects ordering activity to improve once customers have the information needed to make replacement decisions and expects the issues to sort themselves out within the next 60 days.
DE:RUN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed