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0 0 -0.0174267704857248 -0.0241008527994067 0.00111234705228035 0.0215053763440861 0.00111234705228035 -0.0174267704857248
Stock impact report

REV Group, Inc. Reports Strong Third Quarter Results, Updates Fiscal 2024 Outlook

REV Group, Inc. (REVG) 
Last rev group, inc. earnings: 3/4 04:30 pm Check Earnings Report
US:NYSE Investor Relations: investors.revgroup.com
Company Research Source: Business Wire
Third quarter net sales of $579.4 million compared to $680.0 million in the prior year quarterThird quarter net income of $18.0 million compared to net income of $14.9 million in the prior year quarterThird quarter Adjusted EBITDA1 of $45.2 million compared to $39.4 million in the prior year quarter, the latter of which included $9.2 million of Adjusted EBITDA attributable to Collins Bus Corporation (“Collins”) which was divested on January 26, 2024Excluding the impact of the Collins divestiture, Adjusted EBITDA increased $15.0 million, or 49.7% compared to the prior year quarter.Third quarter Adjusted Net Income1 of $24.8 million compared to $20.9 million in the prior year quarterUpdated full-year fiscal 2024 outlook:Net sales of $2.35 to $2.45 billion, net income of $226.0 to $240.0 million, Adjusted EBITDA of $155.0 to $165.0 million, and Adjusted Net Income of $76.0 to $89.0 million;Net cash from operating activities of $20.0 to $36.0 million, which includes approximately $71.0 mi Show less Read more
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