NYSE$REVG

REV Group Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

REV Group reported a decrease in net sales and a net loss for the second quarter of 2020.

REV Group's second quarter results reflect operational challenges, including production suspensions and slowdowns caused by COVID-19, resulting in decreased net sales and a net loss compared to the prior year quarter. The company is taking actions to improve performance and address complexity within its businesses.

  • Second quarter net sales decreased to $547.0 million compared to $615.0 million in the prior year quarter.
  • Second quarter net loss was $7.6 million compared to net income of $5.6 million in the prior year quarter.
  • Second quarter Adjusted EBITDA was $7.6 million compared to $36.1 million in the prior year quarter.
  • Completed the sale of shuttle bus businesses for approximately $49.0 million in cash effective May 8, 2020.

Headline financials

Total Revenue

$547M

Previous: $615M-11.1%
EPS (adj)

-$0.09

Previous: $0.24-137.5%
Adjusted EBITDA

$7.6M

Previous: $36.1M-78.9%
Capital Expenditures

-$7.7M

Previous: -$9.4M+18.1%
Free Cash Flow

$14.3M

Previous: -$48.6M+129.4%
Net Income

-$7.6M

Previous: $5.6M-235.7%
Operating Income

-$13.5M

Previous: $16.1M-183.9%
Gross Profit

$52.4M

Previous: $72.4M-27.6%
Cash & Equivalents

$21.5M

Previous: $6.5M+230.8%
Total Assets

$1.46B

Previous: $1.41B+3.5%
Stock-Based Comp

$2.9M

Previous: $3.4M-14.7%

Revenue & EPS history

REV Group · Revenue · Quarterly

$547M

Q2 2020-11.1%vs Q2 2019
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

REV Group · $403M total across 2 segments · Q2 2020

  • Specialty Vehicles
    $289M+17.1%
  • Recreational Vehicles
    $114M-42.9%

Forward guidance

No specific forward guidance was provided in the release.

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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