NYSE$REVG
REV Group Inc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
REV Group reported a decrease in net sales but an increase in Adjusted EBITDA compared to the same quarter last year. The company generated record full-year Free Cash Flow and substantially improved its balance sheet.
REV Group reported Q4 2021 results with net sales of $589.9 million, a decrease of 4.3% compared to Q4 2020. Net income was $0.0 million, or $0.00 per diluted share. Adjusted EBITDA was $31.1 million, compared to $28.0 million in Q4 2020. The company's backlog reached a record $3.1 billion.
- Net sales decreased by 4.3% to $589.9 million compared to the fourth quarter of 2020.
- Net income was $0.0 million, or $0.00 per diluted share, including a $6.2 million loss related to the expected exit of its interest in a China JV investment.
- Adjusted EBITDA increased to $31.1 million compared to $28.0 million in the fourth quarter of 2020.
- Record backlog of $3.1 billion at the end of the fourth quarter.
Headline financials
Revenue & EPS history
REV Group · Revenue · Quarterly
$590M
Revenue by segment
REV Group · $495M total across 2 segments · Q4 2021
- Specialty Vehicles$277M-15.9%56.0%
- Recreational Vehicles$218M+12.2%44.0%
Forward guidance
The company provided its outlook for its fiscal year ended October 31st, 2022, which includes the following performance expectations:
Tailwinds
- Net sales of $2.3 to $2.55 billion
- Net income of $45 to $73 million
- Adjusted EBITDA of $125 to $155 million
- Adjusted Net Income of $64 to $89 million
- Free Cash Flow of $58 to $80 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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