NYSE$REVG
REV Group Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Reported strong fourth quarter and full year results and provided fiscal year 2024 full year guidance.
REV Group reported strong Q4 and full year results, driven by operational initiatives and dedicated employees. The company exited fiscal year 2023 with a strong balance sheet, solid municipal end markets, and a record Fire & Emergency backlog, positioning it for continued growth in fiscal 2024.
- Net sales for the fourth quarter were $693.3 million, an 11.2% increase compared to the same period last year.
- Net income for the fourth quarter was $29.7 million, or $0.50 per diluted share, compared to $8.7 million, or $0.15 per diluted share, in the fourth quarter 2022.
- Adjusted EBITDA for the fourth quarter was $54.0 million, compared to $33.5 million in the fourth quarter 2022.
- The company's Fire & Emergency segment backlog at the end of the fourth quarter 2023 was $3,649.8 million, an increase of $1,060.4 million compared to the end of the fourth quarter 2022.
Headline financials
Revenue & EPS history
REV Group · Revenue · Quarterly
$693M
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 provided full fiscal year 2024 guidance with net sales between $2.6 billion and $2.7 billion, net income between $71 million and $90 million, Adjusted EBITDA between $165 million and $185 million, Adjusted Net Income between $82 million and $99 million, and Free Cash Flow between $70 million and $85 million.
Tailwinds
- Net Sales: $2.6 to $2.7 billion
- Net Income: $71 to $90 million
- Adjusted EBITDA: $165 to $185 million
- Adjusted Net Income: $82 to $99 million
- Free Cash Flow: $70 to $85 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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