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REV Group
🇺🇸 NYSE:REVG
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•
Apr 30, 2020

REV Group Q2 2020 Earnings Report

REV Group reported a decrease in net sales and a net loss for the second quarter of 2020.

Key Takeaways

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.

Second quarter net sales decreased to $547.0 million compared to $615.0 million in the prior year quarter.

Second quarter net loss was $7.6 million compared to net income of $5.6 million in the prior year quarter.

Second quarter Adjusted EBITDA was $7.6 million compared to $36.1 million in the prior year quarter.

Completed the sale of shuttle bus businesses for approximately $49.0 million in cash effective May 8, 2020.

Total Revenue
$547M
Previous year: $615M
-11.1%
EPS
-$0.09
Previous year: $0.24
-137.5%
Adjusted EBITDA
$7.6M
Previous year: $36.1M
-78.9%
Gross Profit
$52.4M
Previous year: $72.4M
-27.6%
Cash and Equivalents
$21.5M
Previous year: $6.5M
+230.8%
Free Cash Flow
$30.8M
Previous year: -$2.9M
-1162.1%
Total Assets
$1.46B
Previous year: $1.41B
+3.5%

REV Group

REV Group

REV Group Revenue by Segment

Forward Guidance

No specific forward guidance was provided in the release.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View REV Group