NYSE$REVG

REV Group Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported improved first quarter results and provided full year guidance.

REV Group reported a net sales increase of 4.1% to $554.0 million compared to the prior year quarter. Net income was $0.0 million, a significant improvement from the net loss of $9.4 million in the prior year quarter. Adjusted EBITDA increased to $23.2 million, driven by strong performance in the Fire & Emergency and Recreation segments.

  • Net sales increased by 4.1% year-over-year, reaching $554.0 million.
  • Net income improved to $0.0 million, compared to a net loss of $9.4 million in the prior year quarter.
  • Adjusted EBITDA increased to $23.2 million, up from $11.3 million in the prior year quarter.
  • Full year fiscal 2021 Adjusted EBITDA guidance range of $125 to $135 million, represents an 85% to 100% increase year over year

Headline financials

Total Revenue

$554M

Previous: $532M+4.1%
EPS (adj)

$0.14

Previous: -$0.04+450.0%
Adjusted EBITDA

$23.2M

Previous: $11.3M+105.3%
Cash from Operations

$1.9M

Previous: -$13.3M+114.3%
Capital Expenditures

-$2.9M

Previous: -$3.2M+9.4%
Free Cash Flow

-$1M

Previous: -$16.5M+93.9%
Net Income

-$9.4M

Previous: -$9.4M+0.0%
Operating Income

$9.7M

Previous: -$4.7M+306.4%
Gross Profit

$61.7M

Previous: $47.4M+30.2%
Cash & Equivalents

$9.1M

Previous: $67.3M-86.5%
Total Assets

$1.26B

Previous: $1.41B-10.4%

Revenue & EPS history

REV Group · Revenue · Quarterly

$554M

Q1 2021+4.1%vs Q1 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

REV Group · $471M total across 2 segments · Q1 2021

  • Specialty Vehicles
    $281M+35.9%
  • Recreational Vehicles
    $190M+14.0%

Forward guidance

The company provided its initial outlook for fiscal year 2021, which includes net sales of $2.45 to $2.6 billion and Adjusted EBITDA of $125 to $135 million.

Tailwinds

  • Net sales of $2.45 to $2.6 billion
  • Net income of $38 to $52 million
  • Adjusted EBITDA of $125 to $135 million
  • Adjusted Net Income of $56 to $70 million
  • Free Cash Flow of $45 to $70 million

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 7 quarterly earnings reports

Historical avg

-0.4%

Avg return

Earnings day

+10.7%

Avg return

5 days after

+12.7%

Avg return

30 days after

54%

22 / 41 earnings

Positive

+24.8%

Q1 2021

Best reaction

-26.5%

Q4 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026
Q4 2025+5.8%+6.3%+20.6%
Q3 2025+12.5%+19.8%+4.2%
Q2 2025+15.0%+23.4%+33.1%
Q1 2025+2.4%+11.8%+7.3%
Q4 2024+14.8%+15.3%+9.9%
Q3 2024-14.2%+10.0%+14.5%
Q2 2024+11.0%+10.2%-0.6%
Q1 2024-6.6%-11.6%+12.9%
Q4 2023+9.6%
Q3 2023+7.5%
Q2 2023+9.6%
Q1 2023+3.0%
Q4 2022-3.8%
Q3 2022+7.3%
Q2 2022-4.8%
Q1 2022+5.9%
Q4 2021-18.5%
Q3 2021-10.4%
Q2 2021-1.0%
Q1 2021+24.8%
Q4 2020-7.6%
Q3 2020-4.3%
Q2 2020-12.2%
Q1 2020+7.3%
Q4 2019+8.0%
Q3 2019-21.1%
Q2 2019-7.5%
Q1 2019+10.2%
Q4 2018-26.5%
Q3 2018-15.2%
Q2 2018-14.6%
Q1 2018-11.6%
Q4 2015+4.6%
Q4 2017+3.7%
Q3 2017+4.6%
Q3 2016+4.6%
Q2 2016+3.1%
Q2 2017+1.2%
Q1 2017-4.8%
Q1 2016-4.8%
Q4 2016-4.8%
Q3 2015

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