REV Group Reports Strong Q3 2025 Results

REV Group ( (REVG) ) has released its Q3 earnings. Here is a breakdown of the information REV Group presented to its investors.

REV Group, Inc., a prominent manufacturer of specialty and recreational vehicles, operates primarily in the United States, offering customized vehicle solutions for public services and commercial infrastructure. The company has reported a robust financial performance for the third quarter of fiscal 2025, with significant growth in net sales and net income compared to the previous year. The Specialty Vehicles segment, in particular, showed strong performance, contributing to the overall increase in net sales and adjusted EBITDA.

In the third quarter of 2025, REV Group achieved net sales of $644.9 million, marking a 20.5% increase from the previous year when excluding the impact of the Bus Manufacturing Businesses. The company’s net income rose to $29.1 million, up from $18.0 million in the same quarter last year. Adjusted EBITDA also saw a substantial increase, reaching $64.1 million, primarily driven by the Specialty Vehicles segment.

The Specialty Vehicles segment reported net sales of $483.3 million, a 24.6% increase from the prior year, excluding the Bus Manufacturing Businesses. This growth was attributed to increased shipments and a favorable product mix of fire apparatus and ambulance units. Meanwhile, the Recreational Vehicles segment experienced a 9.7% rise in net sales, driven by higher shipments of motorized units and pricing actions, despite facing challenges such as tariffs and increased dealer assistance.

Looking ahead, REV Group has updated its full-year fiscal 2025 outlook, projecting net sales between $2.4 and $2.45 billion and adjusted EBITDA between $220 and $230 million. The company remains focused on expanding its production capacity and maintaining strong customer relationships, positioning itself for continued growth and value creation for shareholders.