REV Group Q1 2025 Earnings Report
Key Takeaways
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.
Q1 2025 revenue was $525.1 million, down from $586.0 million in Q1 2024 due to the divestiture of Bus Manufacturing Businesses.
Net income was $18.2 million, compared to $182.7 million in Q1 2024, which included a $257.5 million gain from the sale of Collins.
Adjusted EBITDA reached a record $36.8 million, up from $30.5 million in Q1 2024.
The company reaffirmed its fiscal 2025 guidance, highlighting continued operational strength.
REV Group
REV Group
REV Group Revenue by Segment
Forward Guidance
REV Group reaffirmed its fiscal 2025 guidance, expecting continued revenue growth, improving margins, and operational efficiencies.
Positive Outlook
- Revenue expected to grow throughout fiscal 2025.
- Adjusted EBITDA projected to increase due to operational improvements.
- Strong order backlog supports continued demand in Specialty Vehicles.
- Company resumed share repurchases, signaling confidence in valuation.
- Liquidity remains strong with $262.9 million available under credit facility.
Challenges Ahead
- Macroeconomic conditions such as inflation and interest rates may impact demand.
- Supply chain disruptions could affect production schedules.
- Recreational Vehicles segment saw a decline in shipments and backlog.
- Operating cash flow was negative in Q1 2025.
- Continued pressure from inflation and dealer assistance in RV segment.
Revenue & Expenses
Visualization of income flow from segment revenue to net income