Rush Enterprises Reports 3Q Revenue Decline

Rush Enterprises, San Antonio, last week announced gross revenues totaled $222.8 million, compared with gross revenues of $224.9 million reported for the third quarter ended Sept. 30, 2002. The company’s continuing operations include the largest network of Peterbilt heavy-duty truck dealerships in North America and a John Deere construction equipment dealer in Houston.

In the third quarter 2003, the company’s sales of new trucks were down this quarter compared to the third quarter of 2002 because of a wave of pre-buys in 2002 that were prompted by new emissions laws that went into effect on Oct. 1, 2002.

The company’s construction equipment segment recorded revenues of $9.5 million in the third quarter of 2003 compared to $8.4 million in the third quarter of 2002. New and used construction equipment unit sales revenue increased $1.0 million, or 19.6 percent, from the third quarter of 2002 to the third quarter of 2003. Parts and service sales increased 14.3 percent from $2.8 million in the third quarter of 2002 to $3.2 million in the third quarter of 2003. Lease and rental sales decreased $121,000, or 50.8 percent, from the third quarter of 2002 to the third quarter of 2003.