NYSE$REVG

REV Group Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

REV Group reported Q4 2022 earnings, with increased net sales and net income compared to the previous year.

REV Group reported a 5.7% increase in net sales for Q4 2022, reaching $623.6 million. Net income for the quarter was $8.7 million, or $0.15 per diluted share, compared to $0.0 million in Q4 2021. Adjusted EBITDA increased to $33.5 million, driven by the Recreation segment.

  • Net sales increased by 5.7% to $623.6 million compared to Q4 2021.
  • Net income was $8.7 million, or $0.15 per diluted share, compared to $0.0 million in Q4 2021.
  • Adjusted EBITDA increased to $33.5 million from $31.1 million in Q4 2021.
  • Record backlog of $4.2 billion at the end of Q4 2022.

Headline financials

Total Revenue

$624M

Previous: $590M+5.7%
EPS (adj)

$0.28

Previous: $0.27+3.7%
Adjusted EBITDA

$33.5M

Previous: $31.1M+7.7%
Specialty Vehicles Adj. EBITDA

$1.9M

Previous: $10.1M-81.2%
Recreational Vehicles Adj. EBITDA

$35.3M

Previous: $21.7M+62.7%
Capital Expenditures

$8.9M

No prior period
Free Cash Flow

$23.2M

No prior period
Net Income

$8.7M

Previous: $0.00
Operating Income

$17.9M

Previous: $10.9M+64.2%
Gross Profit

$66.8M

No prior period
Cash & Equivalents

$20.4M

Previous: $13.3M+53.4%
Total Assets

$1.34B

Previous: $1.24B+8.6%
Stock-Based Comp

$2.4M

No prior period

Revenue & EPS history

REV Group · Revenue · Quarterly

$624M

Q4 2022+5.7%vs Q4 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

REV Group · $513M total across 2 segments · Q4 2022

  • Recreational Vehicles
    $260M+19.4%
  • Specialty Vehicles
    $253M-8.8%

Forward guidance

REV Group provides full fiscal year 2023 guidance with net sales between $2.3 billion and $2.5 billion and Adjusted EBITDA between $110 million and $130 million.

Tailwinds

  • Net Sales $2.3B - $2.5B
  • Adjusted EBITDA $110M - $130M
  • Free Cash Flow $39M - $55M
  • Adjusted Net Income $42M - $60M
  • Net Income $28M - $47M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 7 quarterly earnings reports

Historical avg

-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

Earnings price reactions
QuarterReport dateReaction (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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