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Rev earnings came in ahead of expectations, but revenue was weak. The company expects the sales trend to continue for the remainder of the fiscal year.
REV Group (REVG) came out with quarterly earnings of $0.48 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.35 per share a year ago.
BROOKFIELD, Wis.--(BUSINESS WIRE)--REV Group, Inc. (NYSE: REVG) (the “company”), a manufacturer of industry-leading specialty and recreational vehicles, today reported results for the three months ended July 31, 2024 (“third quarter 2024”). Consolidated net sales in the third quarter 2024 were $579.4 million, compared to $680.0 million for the three months ended July 31, 2023 (“third quarter 2023”). Net sales for the third quarter 2023 included $45.9 million attributable to Collins. Excluding t.
BROOKFIELD, Wis.--(BUSINESS WIRE)--REV Group, Inc. (NYSE: REVG), today announced that it is planning to release its third quarter fiscal 2024 results before the market open on Wednesday, September 4, 2024. The results will be discussed during a live webcast later that morning on September 4, 2024, beginning at 10:00 a.m. ET. To access the webcast, investors should go to www.revgroup.com at least 15 minutes prior to the event. Slides for the webcast will be available on the website before the st.
REV Group has seen a 172% rise in share price over the past 5 years, with a significant increase in the past year. The company's Speciality Vehicle segment is driving growth with a significant backlog and pricing power. Q2 results showed positive performance in the Speciality Vehicle segment, offsetting weakness in the Recreational Vehicle segment.
Shares REV Group, Inc. (REVG) have been climbing in waves since the start of 2024.
REV Group NYSE: REVG has been showing strong performance over the last twelve months as a turnaround and restructuring effort took hold. The results of those efforts are seen in the FQ2 results, which are propelling the market higher.
BROOKFIELD, Wis.--(BUSINESS WIRE)--REV Group, Inc. (NYSE: REVG), today announced Mark Skonieczny, President and CEO, and Amy Campbell, CFO, will present at the East Coast IDEAS Investor Conference on Wednesday, June 12, 2024 at Jay Conference – Bryant Park in New York, NY. The company's presentation is scheduled to begin at 11:30 am ET. The presentation will be webcast and can be accessed through the conference host's main website at www.threepartadvisors.com/east-coast and in the investor rela.
REV Group, Inc. (NYSE:REVG ) Q2 2024 Earnings Conference Call June 5, 2024 10:00 AM ET Corporate Participants Drew Konop - Vice President, Investor Relations Mark Skonieczny - Chief Executive Officer Amy Campbell - Chief Financial Officer Conference Call Participants Clay Williams - Goldman Sachs Mike Shlisky - D.A. Davidson Mircea Dobre - Baird Operator Greetings.
Although the revenue and EPS for REV Group (REVG) give a sense of how its business performed in the quarter ended April 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.