The earnings call presented a mixed outlook. While there were significant achievements in the Specialty Vehicles segment and shareholder returns, challenges were evident in the decline of net sales and difficulties in the recreational vehicle market.
Company Guidance
In the earnings call for Q4 2024, REV Group provided comprehensive guidance for fiscal year 2025, highlighting key financial metrics and strategic initiatives. The company anticipates consolidated top-line growth in the mid-single-digit range, with net sales projected between $2.3 billion and $2.4 billion. Adjusted EBITDA is expected to rise significantly, ranging from $190 million to $220 million, marking an approximate 48% increase at the midpoint compared to the pro forma 2024 base. The guidance also includes expectations of strong free cash flow, projected between $90 million and $110 million, and a focus on capital allocation, with a newly authorized $250 million share repurchase program and a 20% increase in the quarterly dividend. The Specialty Vehicles segment is forecasted to grow in the high single to low double digits, while the Recreational Vehicles segment is expected to remain flat. These projections reflect the company's efforts in operational efficiency, pricing strategies, and strategic exits from non-core businesses to streamline operations and drive shareholder value.
Fire & Emergency Segment Growth
Net sales within the Fire & Emergency segment increased by $281 million or 23% year-over-year, driven by production ramps and price realization.
Record Specialty Vehicles Backlog
REV Group exits fiscal 2024 with a $4.2 billion specialty vehicles backlog, providing strong demand certainty and production planning visibility.
Shareholder Returns
The Board authorized a new $250 million share repurchase program and a 20% quarterly cash dividend increase, reflecting confidence in financial strength and commitment to shareholders.
Adjusted EBITDA Performance
Full year consolidated adjusted EBITDA increased by $6.2 million or 4% year-over-year, with a significant 180 basis point margin expansion post-Collins sale.
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REV Group (REVG) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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REVG Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Dec 11, 2024
$29.54
$33.62
+13.81%
Sep 04, 2024
$30.10
$26.76
-11.10%
Jun 05, 2024
$24.65
$27.63
+12.09%
Mar 06, 2024
$20.59
$19.79
-3.89%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does REV Group (REVG) report earnings?
REV Group (REVG) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is REV Group (REVG) earnings time?
REV Group (REVG) earnings time is at Mar 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.