REV Group Earnings Reports

REV Group reported Q1 2025 revenue of $525.1 million, a decrease from the prior year due to the sale of its Bus Manufacturing Businesses. However, excluding the impact of the divestiture, revenue grew 3.1%. Net income was $18.2 million, with adjusted EBITDA reaching a record $36.8 million. The company reaffirmed its fiscal 2025 guidance, reflecting confidence in its operational momentum.

REV Group reported strong Q4 2024 results driven by margin improvement in the Specialty Vehicles segment and cost discipline, offsetting end market demand challenges. The company divested non-core assets, simplified the reporting structure, and returned cash to shareholders.

REV Group reported a net sales of $579.4 million, net income of $18.0 million, and Adjusted EBITDA of $45.2 million for the third quarter. The Specialty Vehicles segment delivered double-digit Adjusted EBITDA margin performance, while the Recreational Vehicles segment managed operating margins in line with expectations amid challenging market conditions.

REV Group, Inc. reported second quarter net sales of $616.9 million and net income of $15.2 million. The company's Specialty Vehicles segment saw increased sales and Adjusted EBITDA, while the Recreational Vehicles segment experienced decreased sales and Adjusted EBITDA. REV Group updated its full-year fiscal 2024 outlook, projecting net sales of $2.4 to $2.5 billion and net income of $230.0 to $245.0 million.

REV Group reported a strong first quarter with net sales of $586.0 million and net income of $182.7 million, driven by pricing actions and operational improvements in the Specialty Vehicles segment. The company has updated its full-year fiscal 2024 outlook, projecting net sales between $2.45 and $2.55 billion and adjusted EBITDA between $145.0 and $165.0 million.

REV Group reported strong Q4 and full year results, driven by operational initiatives and dedicated employees. The company exited fiscal year 2023 with a strong balance sheet, solid municipal end markets, and a record Fire & Emergency backlog, positioning it for continued growth in fiscal 2024.

REV Group reported a strong third quarter with net sales of $680.0 million, a 14.3% increase compared to the prior year. Net income was $14.9 million, and Adjusted EBITDA was $39.4 million. The company raised its full-year fiscal 2023 outlook for net sales, net income, Adjusted EBITDA, Adjusted Net Income, and Free Cash Flow.

REV Group reported strong second quarter results with net sales of $681.2 million and net income of $14.2 million. The company raised its full-year fiscal 2023 outlook for net sales, Adjusted EBITDA, Adjusted Net Income, and Free Cash Flow. A new $175.0 million share repurchase authorization was approved.

REV Group's first quarter net sales increased by 8.7% to $583.5 million compared to the prior year, driven by higher sales in the Commercial and Recreation segments, while net loss was $13.5 million, impacted by legal and restructuring charges. The company reaffirms its full-year fiscal 2023 outlook for net sales and Adjusted EBITDA, while updating the outlook for net income.

REV Group reported a 5.7% increase in net sales for Q4 2022, reaching $623.6 million. Net income for the quarter was $8.7 million, or $0.15 per diluted share, compared to $0.0 million in Q4 2021. Adjusted EBITDA increased to $33.5 million, driven by the Recreation segment.

REV Group, Inc. reported third quarter 2022 results with a slight increase in net sales but a decrease in net income and Adjusted EBITDA compared to the prior year quarter. The company is taking actions to offset inflationary pressures and focusing on operational disciplines to drive margin expansion.

REV Group reported a decrease in net sales and a net loss for the second quarter of 2022, primarily due to supply chain disruptions and lower sales in the Fire and Emergency and Commercial segments. However, the company's backlog reached a record $3.6 billion, driven by strong order intake. The company updated its full-year fiscal 2022 outlook, reflecting ongoing supply chain challenges.

REV Group reported a decrease in net sales by 3.1% to $537.0 million and a net loss of $0.7 million for the first quarter of 2022. Despite these challenges, the company's backlog reached a record $3.4 billion, driven by robust demand across all segments.

REV Group reported Q4 2021 results with net sales of $589.9 million, a decrease of 4.3% compared to Q4 2020. Net income was $0.0 million, or $0.00 per diluted share. Adjusted EBITDA was $31.1 million, compared to $28.0 million in Q4 2020. The company's backlog reached a record $3.1 billion.

REV Group reported a strong third quarter with net sales of $593.3 million, a 1.9% increase compared to the prior year. Net income was $23.7 million, compared to a net loss of $3.6 million in the prior year. Adjusted EBITDA was $41.6 million, compared to $21.4 million in the prior year. The company's backlog reached a record $2.7 billion.

REV Group reported a strong second quarter with net sales of $643.6 million, a 17.7% increase compared to the prior year quarter, and net income of $20.6 million, compared to a net loss of $7.6 million in the prior year quarter. Adjusted EBITDA was $45.5 million, a significant increase from $7.6 million in the prior year quarter. The company also raised its full year fiscal 2021 Adjusted EBITDA guidance and reinstated its quarterly cash dividend.

REV Group reported a net sales increase of 4.1% to $554.0 million compared to the prior year quarter. Net income was $0.0 million, a significant improvement from the net loss of $9.4 million in the prior year quarter. Adjusted EBITDA increased to $23.2 million, driven by strong performance in the Fire & Emergency and Recreation segments.

REV Group reported Q4 2020 results with net sales of $616.3 million, a decrease of 5.6% compared to Q4 2019. Net loss was $10.2 million, or $0.16 per diluted share. Adjusted EBITDA was $28.0 million, compared to $19.3 million in Q4 2019.

REV Group reported a decrease in net sales and a net loss for the third quarter of 2020, impacted by COVID-19 related supply chain disruptions and employee absenteeism. The company also completed the sale of two shuttle bus businesses. Despite these challenges, the company saw stabilization in many end markets and made progress on its operating model.

REV Group's second quarter results reflect operational challenges, including production suspensions and slowdowns caused by COVID-19, resulting in decreased net sales and a net loss compared to the prior year quarter. The company is taking actions to improve performance and address complexity within its businesses.

REV Group reported a 2.6% increase in net sales to $532.1 million for the first quarter of 2020, driven by higher sales in the Fire & Emergency and Commercial segments, partially offset by a decline in the Recreation segment. The company's net loss decreased to $9.4 million, or $0.15 per diluted share, compared to a net loss of $14.6 million, or $0.23 per diluted share, in the first quarter of 2019. Adjusted EBITDA decreased to $11.3 million, driven by lower profitability in the F&E and Recreation segments, partially offset by higher profitability within the Commercial segment and lower corporate expense.