REV Group Q1 2021 Earnings Report
Key Takeaways
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.
Net sales increased by 4.1% year-over-year, reaching $554.0 million.
Net income improved to $0.0 million, compared to a net loss of $9.4 million in the prior year quarter.
Adjusted EBITDA increased to $23.2 million, up from $11.3 million in the prior year quarter.
Full year fiscal 2021 Adjusted EBITDA guidance range of $125 to $135 million, represents an 85% to 100% increase year over year
REV Group
REV Group
REV Group Revenue by Segment
Forward Guidance
The company provided its initial outlook for fiscal year 2021, which includes net sales of $2.45 to $2.6 billion and Adjusted EBITDA of $125 to $135 million.
Positive Outlook
- Net sales of $2.45 to $2.6 billion
- Net income of $38 to $52 million
- Adjusted EBITDA of $125 to $135 million
- Adjusted Net Income of $56 to $70 million
- Free Cash Flow of $45 to $70 million