NYSE$REVG
REV Group Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported strong third quarter results, driven by increased sales and profitability in the recreation segment and improved performance in the fire and emergency segment.
REV Group reported a strong third quarter with net sales of $593.3 million, a 1.9% increase compared to the prior year. Net income was $23.7 million, compared to a net loss of $3.6 million in the prior year. Adjusted EBITDA was $41.6 million, compared to $21.4 million in the prior year. The company's backlog reached a record $2.7 billion.
- Net sales increased by 1.9% to $593.3 million compared to the prior year quarter.
- Net income was $23.7 million, a significant improvement from the net loss of $3.6 million in the prior year quarter.
- Adjusted EBITDA increased to $41.6 million, compared to $21.4 million in the prior year quarter.
- Record backlog of $2.7 billion, driven by strong order intake across all segments.
Headline financials
Revenue & EPS history
REV Group · Revenue · Quarterly
$593M
Revenue by segment
REV Group · $482M total across 2 segments · Q3 2021
- Specialty Vehicles$270M-12.1%55.9%
- Recreational Vehicles$213M+16.3%44.1%
Forward guidance
The company provided its updated outlook for its fiscal year ending October 31st, 2021.
Tailwinds
- Net Sales between $2,300 and $2,450 million
- Net Income between $54 and $64 million
- Adjusted EBITDA between $140 and $150 million
- Adjusted Net Income between $74 and $83 million
- Free Cash Flow between $90 and $100 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
-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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