REV Group Reports Strong Q2 Results and Updates Guidance

REV Group ( (REVG) ) has released its Q2 earnings. Here is a breakdown of the information REV Group presented to its investors.

REV Group, Inc. is a prominent manufacturer of specialty and recreational vehicles, serving a diverse customer base primarily in the United States through its two main segments: Specialty Vehicles and Recreational Vehicles. The company is known for its customized vehicle solutions for public services and commercial infrastructure.

In its fiscal 2025 second quarter earnings report, REV Group announced strong financial results, with net sales reaching $629.1 million, reflecting a growth from the previous year. The company also updated its fiscal 2025 guidance, indicating a positive outlook for the remainder of the year.

Key highlights from the report include a significant increase in net income to $19.0 million, up from $15.2 million in the previous year, and a notable rise in Adjusted EBITDA to $58.9 million, marking a 63.6% increase when excluding the impact of the exited Bus Manufacturing Businesses. The Specialty Vehicles segment was a major contributor to this growth, with increased shipments and price realization driving performance.

The company also made strategic moves, such as repurchasing approximately 2.9 million of its common shares for $88.4 million, and plans to accelerate capital investments to enhance manufacturing throughput. The updated guidance for fiscal 2025 reflects expectations of net sales between $2.35 to $2.45 billion and net income ranging from $88.0 to $107.0 million.

Looking ahead, REV Group remains optimistic about its financial performance, supported by strong demand in its Specialty Vehicles segment and strategic investments aimed at sustaining operational excellence and offsetting potential market challenges.