Loading...
•
Jan 31, 2021
REV Group Q1 2021 Earnings Report
Reported improved first quarter results and provided full year guidance.
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
Revenue by Segment
Specialty Vehicles Revenue
CapyFin.comRecreational Vehicles Revenue
CapyFin.com 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