NYSE$REVG

REV Group Inc · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

Reported strong fourth quarter and full year results, provided fiscal year 2025 full year guidance, and board approved a new share repurchase authorization.

REV Group reported strong Q4 2024 results driven by margin improvement in the Specialty Vehicles segment and cost discipline, offsetting end market demand challenges. The company divested non-core assets, simplified the reporting structure, and returned cash to shareholders.

  • Fourth quarter net sales were $597.9 million.
  • Fourth quarter net income was $41.7 million.
  • Fourth quarter Adjusted EBITDA was $49.6 million.
  • The board of directors authorized the Company to repurchase up to $250.0 million of the company’s outstanding common stock.

Headline financials

Total Revenue

$598M

Previous: $693M-13.8%
EPS (adj)

$0.51

Previous: $0.53-3.8%
Adjusted EBITDA

$49.6M

Previous: $54M-8.1%
Specialty Vehicles Adj. EBITDA

$50.2M

No prior period
Recreational Vehicles Adj. EBITDA

$8.1M

No prior period
Capital Expenditures

-$5.3M

Previous: -$13.1M+59.5%
Net Income

$41.7M

Previous: $29.7M+40.4%
Operating Income

$34.6M

Previous: $45.1M-23.3%
Gross Profit

$78.8M

Previous: $95.5M-17.5%
R&D Expense

$3.3M

No prior period
Stock-Based Comp

$4.9M

Previous: $3.4M+44.1%

Revenue & EPS history

REV Group · Revenue · Quarterly

$598M

Q4 2024-13.8%vs Q4 2023
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

REV Group · $554M total across 2 segments · Q4 2023

  • Specialty Vehicles
    $339M+34.0%
  • Recreational Vehicles
    $215M-17.3%

Forward guidance

REV Group provided fiscal year 2025 guidance with net sales in the range of $2.3 to $2.4 billion, net income in the range of $98.0 to $125.0 million, Adjusted EBITDA in the range of $190.0 to $220.0 million, Adjusted Net Income in the range of $116.0 to $140.0 million and Free Cash Flow in the range of $90.0 to $110.0 million.

Tailwinds

  • Solid revenue growth
  • Sustained earnings momentum
  • Significant free cash flow
  • Advance strategic initiatives
  • Enhancing shareholder value through an increased dividend and a new share repurchase authorization

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 Q4 2024

Historical avgQ4 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

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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