NYSE$REVG
REV Group Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
REV Group reported strong results driven by robust demand in Fire and Ambulance businesses and operating initiatives focused on throughput improvements.
REV Group, Inc. reported second quarter net sales of $616.9 million and net income of $15.2 million. The company's Specialty Vehicles segment saw increased sales and Adjusted EBITDA, while the Recreational Vehicles segment experienced decreased sales and Adjusted EBITDA. REV Group updated its full-year fiscal 2024 outlook, projecting net sales of $2.4 to $2.5 billion and net income of $230.0 to $245.0 million.
- Net sales were $616.9 million compared to $681.2 million in the prior year quarter.
- Net income was $15.2 million compared to $14.2 million in the prior year quarter.
- Adjusted EBITDA was $37.5 million compared to $41.9 million in the prior year quarter.
- Company updated full-year fiscal 2024 outlook with net sales of $2.4 to $2.5 billion and net income of $230.0 to $245.0 million.
Headline financials
Revenue & EPS history
REV Group · Revenue · Quarterly
$617M
Revenue by segment
REV Group · $554M total across 2 segments · Q4 2023
- Specialty Vehicles$339M+34.0%61.2%
- Recreational Vehicles$215M-17.3%38.8%
Forward guidance
The company updated its full-year fiscal 2024 outlook, projecting net sales of $2.4 to $2.5 billion, net income of $230.0 to $245.0 million, Adjusted EBITDA of $151.0 to $165.0 million, and Adjusted Net Income of $76.0 to $90.0 million.
Tailwinds
- Net sales of $2.4 to $2.5 billion
- Net income of $230.0 to $245.0 million
- Adjusted EBITDA of $151.0 to $165.0 million
- Adjusted Net Income of $76.0 to $90.0 million
- Net cash from operating activities of $20.0 to $35.0 million
Headwinds
- Approximately $71.0 million of income tax and transaction costs related to divestiture activities
- Adjusted Free Cash Flow of $61.0 to $72.0 million
- Does not include any non-recurring charges that may occur during the period shown other than those presented in this reconciliation.
- Our forward-looking statements are subject to risks and uncertainties
- You should not place undue reliance on forward-looking statements, which only speak as of the date hereof.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 7 quarterly earnings reports · overlaid with Q2 2024
-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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