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. This stock will likely continue to rally because the outlook includes a return to growth, solid cash flow, and capital return that reduces the share count and builds leverage for investors. REV Group Today REVG REV Group $27.79 +3.00 (+12.10%) 52-Week Range $10.83 ▼ $27.87 Div ...

FISCAL SECOND QUARTER 2024 RESULTS JUNE 5, 2024 CAUTIONARY STATEMENT & NON-GAAP MEASURES Disclaimers Note Regarding Non-GAAP Measures REV Group reports its financial results in accordance with U.S. generally accepted accounting principles (“GAAP”). However, management believes that the evaluation of REV Group’s ongoing operating results may be enhanced by a presentation of Adjusted EBITDA, Adjusted Net Income, Free Cash Flow, Adjusted Free Cash Flow, and Return on Invested Capital, which are non-GAAP financ ...

财务数据和关键指标变化 - 第二季度合并净销售额为6.17亿美元,较上年同期下降6.4%,主要是由于休闲车业务销售下降以及终端卡车销售减少,部分被消防和应急业务销售增加所抵消 [29] - 合并调整后EBITDA为3750万美元,较上年同期下降10.5%,主要是由于休闲车业务和终端卡车业务利润下降,部分被消防和应急业务利润增加所抵消 [31] 各条业务线数据和关键指标变化 专业车辆业务 - 销售额为4.37亿美元,调整后剔除已出售的柯林斯客车业务后,同比增长16% [37][38] - 消防和救护车销售额增长33%,主要受益于价格上涨和产品组合改善 [39] - 消防和应急业务利润率提升480个基点,达到历史高点 [40][41] - 终端卡车销售下降59%,符合此前指引 [29] 休闲车业务 - 销售额为1.80亿美元,同比下降30%,主要是由于房车和拖车销量下降 [48] - 利润率下降至7%-7.5%,较之前指引的高个位数有所下降 [52] - 订单量下降45%,主要是B、C级车型订单下降 [50] 各个市场数据和关键指标变化 - 消防和救护车市场需求强劲,订单量同比增长10%以上 [16] - 休闲车市场需求疲软,新车批发销量同比下降22% [19] 公司战略和发展方向及行业竞争 - 公司继续优化制造布局,出售了佛罗里达州的消防和救护车区域技术中心 [21][22] - 公司正在逐步退出市政公交车业务 [22][23] - 公司董事会进行了更新,引入了新的独立董事 [27][28] - 公司计划在年底前更新2021年投资者日的财务目标 [36] 管理层对经营环境和未来前景的评论 - 消防和应急业务订单强劲,预计全年出货量和利润率将继续提升 [14][46] - 休闲车市场需求疲软,公司将继续采取成本管控措施应对 [51][52] - 公司对未来保持谨慎乐观,将继续推进提升运营效率和价格实现的举措 [35][36] 其他重要信息 - 公司在第二季度通过股票回购和特殊股息的方式向股东返还了3.085亿美元 [24][25] - 公司维持充足的流动性,截至季末ADL信贷额度下未使用部分约为2.8亿美元 [54] 问答环节重要的提问和回答 问题1 **Clay Williams 提问** 消防和应急业务的价格上涨情况如何?目前交付的产品价格与新接订单价格相比有何差异? [61][62][63] **Amy Campbell 回答** 消防和应急业务销售额增长33%,其中约一半来自价格上涨,另一半来自产品组合改善。公司在过去几年累计实施了40%的价格上涨,目前正在逐步消化这些涨价。 [62][63] 问题2 **Mike Shlisky 提问** 公司的Spartan S-180项目交付速度如何?是否可以正式推广6个月交付的产品? [72][73][74][75] **Mark Skonieczny 回答** 公司已经在一个专门的生产线上实现180天交付,并计划在更多品牌上推广这一产品。公司整体消防业务的产能利用率仍有提升空间,预计未来几个季度会继续提升。 [73][74][75][76][77] 问题3 **Mircea Dobre 提问** 公司对2025年休闲车业务的前景如何评估?是否有进一步的成本优化措施? [90][91][92][97][98][99][100] **Mark Skonieczny 回答** 公司目前无法对2025年做出具体预测,需要观察下半年市场情况。公司已经采取了大幅削减固定和可变成本的措施,以应对需求下滑。一旦市场回暖,新的成本结构将带来利润率的改善。 [91][92][97][98][99][100]

REV Group (REVG) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 39.29%. A quarter ago, it was expected that this company would post earnings of $0.09 per share when it actually produced earnings of $0.25, delivering a surprise of 177.78%. Over the last four quarters, the company has ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-37999 REV Group, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 26-3013415 (State or other jurisdiction of (I.R.S. Employer incorporation or ...

Exhibit 99.1 June 5, 2024 NEWS RELEASE FOR IMMEDIATE RELEASE REV GROUP, INC. REPORTS STRONG SECOND QUARTER RESULTS, UPDATES FISCAL 2024 OUTLOOK • Second quarter net sales of $616.9 million compared to $681.2 million in the prior year quarter • Second quarter net income of $15.2 million compared to net income of $14.2 million in the prior year quarter • Second quarter Adjusted EBITDA1 of $37.5 million compared to $41.9 million in the prior year quarter, the latter of which included $10.2 million of Adjusted ...

文章核心观点 - REV Group是一家专注于生产特种车辆和休闲车辆的公司 [3][4] - 公司近年来业绩表现良好 销售收入和利润均实现快速增长 [5] - 公司正在通过出售部分业务和回购股票等方式优化资本结构 [6][7][8] - 公司未来发展战略包括回报股东、偿还债务和寻求新的增长机会 [8] 公司业务表现 1. 特种车辆(SV)业务收入增长17% 主要受益于消防车和救护车需求增加 [10] 2. 休闲车(RV)业务收入下降25% 受到需求下降的影响 [10] 3. 公司预计2024年收入为25.5亿美元 未来几年销售收入将保持4-5%的稳定增长 [11] 行业前景 1. 建筑机械和重型运输设备行业未来10年将保持4.8%的复合增长率 预计到2028年市场规模将达到2520亿美元 [14] 2. 基础设施投资和矿业需求增加是行业增长的主要驱动因素 [15] 公司竞争优势 1. 公司资本使用效率高 每1美元资本可带来3美元以上销售收入 [18][19] 2. 公司毛利率和税前利润率高于行业平均水平 [23] 3. 公司员工生产效率不断提升 每名员工创造的收入大幅增加 [24] 公司估值分析 1. 公司当前估值处于行业折价水平 [33] 2. 如果公司实现预期的利润增长 股价有25%的上涨空间 [34] 3. 即使利润增长不及预期 股价也不太可能大幅下跌 [35][36] 4. 公司增加利润率将显著提升其估值 [39][42][43] 总的来说 REV Group凭借良好的行业前景和自身竞争优势 有望实现业绩持续增长 加上当前合理的估值水平 是一个值得关注的投资标的

REV Group, Inc. (NYSE:REVG) Q1 2024 Earnings Conference Call March 6, 2024 10:00 AM ET Company Participants Drew Konop - Vice President, Investor Relations Mark Skonieczny - President & Chief Executive Officer Conference Call Participants Joe Grabowski - Baird Jerry Revich - Goldman Sachs Mike Shlisky - D.A. Davidson Operator Greetings. Welcome to the REV Group's First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow t ...

FISCAL FIRST QUARTER 2024 RESULTS MARCH 6, 2024 CAUTIONARY STATEMENT & NON-GAAP MEASURES Disclaimers Note Regarding Non-GAAP Measures REV Group reports its financial results in accordance with U.S. generally accepted accounting principles (“GAAP”). However, management believes that the evaluation of REV Group’s ongoing operating results may be enhanced by a presentation of Adjusted EBITDA, Adjusted Net Income, Free Cash Flow, Adjusted Free Cash Flow, and Return on Invested Capital, which are non-GAAP financ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-37999 REV Group, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 26-3013415 (State or other jurisdiction of (I.R.S. Employer incorporation o ...