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Oct 31, 2024
REV Group Q4 2024 Earnings Report
Reported strong fourth quarter and full year results, provided fiscal year 2025 full year guidance, and board approved a new share repurchase authorization.
Key Takeaways
REV Group reported strong Q4 2024 results driven by margin improvement in the Specialty Vehicles segment and cost discipline, offsetting end market demand challenges. The company divested non-core assets, simplified the reporting structure, and returned cash to shareholders.
Fourth quarter net sales were $597.9 million.
Fourth quarter net income was $41.7 million.
Fourth quarter Adjusted EBITDA was $49.6 million.
The board of directors authorized the Company to repurchase up to $250.0 million of the company’s outstanding common stock.
REV Group
REV Group
REV Group Revenue by Segment
Revenue by Segment
Specialty Vehicles Revenue
CapyFin.comRecreational Vehicles Revenue
CapyFin.com Forward Guidance
REV Group provided fiscal year 2025 guidance with net sales in the range of $2.3 to $2.4 billion, net income in the range of $98.0 to $125.0 million, Adjusted EBITDA in the range of $190.0 to $220.0 million, Adjusted Net Income in the range of $116.0 to $140.0 million and Free Cash Flow in the range of $90.0 to $110.0 million.
Positive Outlook
- Solid revenue growth
- Sustained earnings momentum
- Significant free cash flow
- Advance strategic initiatives
- Enhancing shareholder value through an increased dividend and a new share repurchase authorization
Revenue & Expenses
Visualization of income flow from segment revenue to net income