REV Group Swings to 1Q Profit With Higher Sales [MarketWatch]
REV Group, Inc. (REVG)
Last rev group, inc. earnings: 3/4 04:30 pm
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investors.revgroup.com
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Source: MarketWatch
The maker of specialty vehicles and related aftermarket parts posted a profit of $182.7 million, or $3.06 a share, compared with a loss of $13.5 million, or 23 cents a share, in the same quarter a year ago. Advertisement The bottom line was padded by a $257.5 million gain from the company's sale of Collins Bus, which was partially offset by higher income taxes. Stripping out one-time items, adjusted earnings were 25 cents a share. Analysts polled by FactSet had been expecting 15 cents a share. Revenue ticked up to $586 million from $583.5 million in the year-ago quarter, ahead of analyst forecasts for $579.4 million, according to FactSet. Sales of specialty vehicles were higher, though recreational vehicle sales were down. Despite the top line growth, REV Group cut its sales guidance for 2024 to $2.45 billion to $2.55 billion from a previous range of $2.6 billion to $2.7 billion. Adjusted earnings are now expected to be $72 million to $90 million, down from a prior outloo
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REVG
News
- REV Group, Inc. (NYSE: REVG) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Vicinity Motors promotes Brent Phillips to President as company drives strategic initiatives [Yahoo! Finance]Yahoo! Finance
- REV Group, Inc. (NYSE: REVG) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- REV Group, Inc. (NYSE: REVG) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $18.00 to $20.00. They now have a "sell" rating on the stock.MarketBeat
- REV Group appoints Amy Campbell as CFO [Seeking Alpha]Seeking Alpha
REVG
Earnings
- 3/6/24 - Beat
REVG
Sec Filings
- 4/15/24 - Form 4
- 4/15/24 - Form 3
- 4/15/24 - Form 8-K
- REVG's page on the SEC website