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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.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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