Rush Enterprises generated $1.77 billion in Q4 revenue, an 11.8% decline year-on-year but 2.6% above estimates, while adjusted EPS of $0.81 exceeded forecasts by 17.1%. Adjusted EBITDA reached $109.8 million, missing consensus by 21.4%, and operating margin held steady at 5.2%.

Management cited disciplined cost control and investments in operational efficiency for supporting steady aftermarket sales revenue. Late in the quarter, Class 8 truck order intake increased materially due to clearer tariff policies and anticipated EPA emissions standards, indicating an improving demand trajectory.

The company expects early-year market challenges to give way to strengthening demand as elevated fleet ages and deferred maintenance needs drive new truck sales and service activity. Rush expanded its footprint with IC Bus dealership acquisitions in Ontario and a new Peterbilt dealership in Tennessee, and continued to grow its mobile service unit network.