Why Rev Group Stock Is Down Today [Yahoo! Finance]
REV Group, Inc. (REVG)
Last rev group, inc. earnings: 3/4 04:30 pm
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US:NYSE Investor Relations:
investors.revgroup.com
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Source: Yahoo! Finance
Investors are focused on the bad news to come, sending shares of Rev down 14% as of 10 a.m. ET. A recreational slowdown Rev is a maker of recreational vehicles (RVs) and specialty trucks including ambulances and other public-service vehicles. The company earned $0.48 per share in its fiscal third quarter ending July 31, beating Wall Street's $0.42 per-share estimate. However, revenue of $579.4 million was about $40 million shy of consensus. The specialty-vehicle segment posted a double-digit earnings before interest, taxes, depreciation, and amortization (EBITDA) margin, thanks to strong demand for fire and ambulance equipment. CEO Mark Skonieczny said that "market conditions [in RVs] remain challenged, however, we continue to be proactive in managing our cost structure to align with end market demand and deliver operating margins in line with our expectations." The company doesn't expect conditions to improve overnight. Rev lowered its full-year fiscal 2024 revenue outlook by
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REVG
News
- REV Group (NYSE:REVG) Is Experiencing Growth In Returns On Capital [Yahoo! Finance]Yahoo! Finance
- Is REV Group, Inc. (REVG) The Best RV and Camping Stock To Buy Now? [Yahoo! Finance]Yahoo! Finance
- Dave Arbogast Van Depot Expands Luxury Lineup with Midwest Automotive Designs' Custom Mercedes Sprinter ConversionsPR Web
- REV Group Completes Sale of ENC, its Transit Bus BusinessBusiness Wire
- Automotive Industry Veteran David C. Dauch Joins REV Group’s Board of DirectorsBusiness Wire
REVG
Earnings
- 9/4/24 - Beat
REVG
Sec Filings
- 11/14/24 - Form SC
- 11/13/24 - Form SC
- 11/12/24 - Form SC
- REVG's page on the SEC website