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Jan 31, 2022
REV Group Q1 2022 Earnings Report
REV Group reported a decrease in net sales and net loss in Q1 2022, but maintained a record backlog due to strong order intake.
Key Takeaways
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.
Net sales decreased by 3.1% to $537.0 million compared to the prior year quarter.
Net loss was $0.7 million, compared to $0.0 million in the prior year quarter.
Adjusted EBITDA was $18.3 million, down from $23.2 million in the prior year quarter.
Record backlog of $3.4 billion driven by strong order intake across all segments.
Revenue by Segment
Forward Guidance
REV Group reaffirms its full-year fiscal 2022 outlook, expecting net sales between $2.3 to $2.55 billion, net income of $45 to $73 million, Adjusted Net Income of $64 to $89 million, Free Cash Flow of $58 to $80 million, and Adjusted EBITDA of $125 to $155 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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