REV Group Q3 2023 Earnings Report
Key Takeaways
REV Group reported a strong third quarter with net sales of $680.0 million, a 14.3% increase compared to the prior year. Net income was $14.9 million, and Adjusted EBITDA was $39.4 million. The company raised its full-year fiscal 2023 outlook for net sales, net income, Adjusted EBITDA, Adjusted Net Income, and Free Cash Flow.
Third quarter net sales of $680.0 million compared to $594.8 million in the prior year quarter
Third quarter net income of $14.9 million compared to net income of $9.5 million in the prior year quarter
Third quarter Adjusted EBITDA of $39.4 million compared to $29.5 million in the prior year quarter
Raises full-year fiscal 2023 outlook for net sales of $2.55 to $2.6 billion, net income outlook of $27 to $37 million, Adjusted EBITDA of $135 to $145 million, Adjusted Net Income of $63 to $73 million, and Free Cash Flow of $70 to $75 million
REV Group
REV Group
REV Group Revenue by Segment
Forward Guidance
Raises full-year fiscal 2023 outlook for net sales of $2.55 to $2.6 billion, net income outlook of $27 to $37 million, Adjusted EBITDA of $135 to $145 million, Adjusted Net Income of $63 to $73 million, and Free Cash Flow of $70 to $75 million
Positive Outlook
- Net Sales: $2,550 to $2,600 million
- Net Income: $27 to $37 million
- Adjusted EBITDA: $135 to $145 million
- Adjusted Net Income: $63 to $73 million
- Free Cash Flow: $70 to $75 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income