NYSE$REVG
REV Group Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported a net loss for the second quarter of 2022, impacted by supply chain challenges and restructuring charges, while backlog remained strong.
REV Group reported a decrease in net sales and a net loss for the second quarter of 2022, primarily due to supply chain disruptions and lower sales in the Fire and Emergency and Commercial segments. However, the company's backlog reached a record $3.6 billion, driven by strong order intake. The company updated its full-year fiscal 2022 outlook, reflecting ongoing supply chain challenges.
- Net sales decreased to $576.3 million compared to $643.6 million in the prior year quarter.
- Net loss was $2.3 million, compared to net income of $20.6 million in the prior year quarter.
- Adjusted EBITDA was $23.8 million, compared to $45.5 million in the prior year quarter.
- Record backlog of $3.6 billion driven by strong order intake.
Headline financials
Revenue & EPS history
REV Group · Revenue · Quarterly
$576M
Revenue by segment
REV Group · $486M total across 2 segments · Q2 2022
- Specialty Vehicles$245M-20.4%50.4%
- Recreational Vehicles$241M+1.3%49.6%
Forward guidance
The company updated its full-year fiscal 2022 outlook to net sales of $2.25 to $2.4 billion, net income of $14 to $35 million, Adjusted Net Income of $43 to $62 million, Free Cash Flow of $58 to $70 million, and Adjusted EBITDA of $100 to $120 million.
Tailwinds
- Net Sales: $2.25 to $2.4 billion
- Net Income: $14 to $35 million
- Adjusted Net Income: $43 to $62 million
- Free Cash Flow: $58 to $70 million
- Adjusted EBITDA: $100 to $120 million
Headwinds
- Supply chain challenges are expected to continue into calendar year 2023.
- Shortages of critical parts and chassis have negatively impacted performance.
- Lower net sales in the Fire and Emergency segment.
- Lower net sales in the Commercial segment.
- Net loss reported for the quarter.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 7 quarterly earnings reports
-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
| Quarter | Report date | Reaction (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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