NYSE$REVG
REV Group Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported strong third quarter results and updated fiscal 2024 outlook.
REV Group reported a net sales of $579.4 million, net income of $18.0 million, and Adjusted EBITDA of $45.2 million for the third quarter. The Specialty Vehicles segment delivered double-digit Adjusted EBITDA margin performance, while the Recreational Vehicles segment managed operating margins in line with expectations amid challenging market conditions.
- Net sales for the third quarter were $579.4 million, compared to $680.0 million in the prior year quarter.
- Net income for the third quarter was $18.0 million, compared to $14.9 million in the prior year quarter.
- Adjusted EBITDA for the third quarter was $45.2 million, compared to $39.4 million in the prior year quarter.
- The company updated its full-year fiscal 2024 outlook, projecting net sales of $2.35 to $2.45 billion, net income of $226.0 to $240.0 million, and Adjusted EBITDA of $155.0 to $165.0 million.
Headline financials
Revenue & EPS history
REV Group · Revenue · Quarterly
$579M
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 with net sales of $2.35 to $2.45 billion, net income of $226.0 to $240.0 million, Adjusted EBITDA of $155.0 to $165.0 million, and Adjusted Net Income of $76.0 to $89.0 million.
Tailwinds
- Net sales of $2.35 to $2.45 billion
- Net income of $226.0 to $240.0 million
- Adjusted EBITDA of $155.0 to $165.0 million
- Adjusted Net Income of $76.0 to $89.0 million
- Net cash from operating activities of $20.0 to $36.0 million
Headwinds
- Includes approximately $71.0 million of income tax and transaction costs related to divestiture activities
- Challenging market conditions in the Recreational Vehicles segment
- Lower net sales in the Recreational Vehicles segment
- Lower shipments of terminal trucks in Specialty Vehicles segment
- Decrease in customer advances and accounts payable
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 Q3 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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