Revenue down but income up for Rush

April 17, 2002
Rush Enterprises, which operates a network of Peterbilt truck and John Deere construction equipment dealerships, saw its first quarter 2002 net income climb 180% despite an 11.1% decline in revenues. Rush said its gross revenues totaled $181.7 million in the first quarter of 2002, down from $204.5 million in the same period of 2001. Net income, however, rose to $434,000 for the period, compared to
Rush Enterprises, which operates a network of Peterbilt truck and John Deere construction equipment dealerships, saw its first quarter 2002 net income climb 180% despite an 11.1% decline in revenues.

Rush said its gross revenues totaled $181.7 million in the first quarter of 2002, down from $204.5 million in the same period of 2001. Net income, however, rose to $434,000 for the period, compared to $155,000 in the first quarter of last year.

Chairman & CEO W. Marvin Rush said that net income increased for the quarter, despite a 30% drop in new truck deliveries, due to growth of higher margin parts and service business.

About the Author

Sean Kilcarr | Editor in Chief

Sean Kilcarr is a former longtime FleetOwner senior editor who wrote for the publication from 2000 to 2018. He served as editor-in-chief from 2017 to 2018.

 

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Boost truck leasing profits with telematics insights! Reduce maintenance costs, improve uptime, and strengthen customer relationships. Learn how data drives success.
This free guide outlines simple steps for hiring and onboarding commercial drivers while ensuring that you meet Regulation Part 391 and maintain fully compliant driver qualification...
Ready to boost fleet efficiency by up to 50%? Learn how AI-powered dispatch and next-gen tech are transforming TMS workflows, improving driver planning, and streamlining operations...
Gain a strategic edge in today’s evolving fleet landscape. Join us to explore how fuel cards are helping fleet managers cut costs, enhance control, and prepare for an electrified...