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Oct 31, 2020

REV Group Q4 2020 Earnings Report

REV Group reported a decrease in net sales but an increase in Adjusted EBITDA compared to the same quarter last year.

Key Takeaways

REV Group reported Q4 2020 results with net sales of $616.3 million, a decrease of 5.6% compared to Q4 2019. Net loss was $10.2 million, or $0.16 per diluted share. Adjusted EBITDA was $28.0 million, compared to $19.3 million in Q4 2019.

Fourth quarter net sales decreased by 5.6 percent year-over-year to $616.3 million.

Net loss for the fourth quarter was $10.2 million, or $0.16 per diluted share.

Adjusted EBITDA for the fourth quarter increased to $28.0 million, compared to $19.3 million in the prior year.

The increase in Adjusted EBITDA during the quarter was driven by increased contribution from the F&E and Recreation segments partially offset by lower contribution from the Commercial segment.

Total Revenue
$616M
Previous year: $653M
-5.6%
EPS
$0.19
Previous year: $0.05
+280.0%
Adjusted EBITDA
$28M
Previous year: $19.3M
+45.1%
Fire & Emergency Adj. EBITDA
$14.8M
Previous year: $7.4M
+100.0%
Recreation Adj. EBITDA
$20.5M
Previous year: $7.5M
+173.3%
Gross Profit
$61.7M
Previous year: $61.7M
+0.0%
Cash and Equivalents
$11.4M
Previous year: $3.3M
+245.5%
Free Cash Flow
$26.9M
Previous year: $23.8M
+13.0%
Total Assets
$1.31B
Previous year: $1.35B
-2.6%

REV Group

REV Group

REV Group Revenue by Segment

Forward Guidance

The company did not provide specific forward guidance in this earnings report.

Revenue & Expenses

Visualization of income flow from segment revenue to net income