REV Group Q4 2022 Earnings Report
Key Takeaways
REV Group reported a 5.7% increase in net sales for Q4 2022, reaching $623.6 million. Net income for the quarter was $8.7 million, or $0.15 per diluted share, compared to $0.0 million in Q4 2021. Adjusted EBITDA increased to $33.5 million, driven by the Recreation segment.
Net sales increased by 5.7% to $623.6 million compared to Q4 2021.
Net income was $8.7 million, or $0.15 per diluted share, compared to $0.0 million in Q4 2021.
Adjusted EBITDA increased to $33.5 million from $31.1 million in Q4 2021.
Record backlog of $4.2 billion at the end of Q4 2022.
REV Group
REV Group
REV Group Revenue by Segment
Forward Guidance
REV Group provides full fiscal year 2023 guidance with net sales between $2.3 billion and $2.5 billion and Adjusted EBITDA between $110 million and $130 million.
Positive Outlook
- Net Sales $2.3B - $2.5B
- Adjusted EBITDA $110M - $130M
- Free Cash Flow $39M - $55M
- Adjusted Net Income $42M - $60M
- Net Income $28M - $47M
Revenue & Expenses
Visualization of income flow from segment revenue to net income