Brief: REV Group Report Second Quarter Results

Rev

08/06/2023 12:23

June 8 (Reuters) - Rev Group Inc  REVG.N :
    * REVENUE GROUP, INC. REPORTS STRONG SECOND QUARTER RESULTS,
UPDATES FISCAL 2023 OUTLOOK, ANNOUNCES A NEW $175 MILLION SHARE
REPURCHASE AUTHORIZATION
    * QTRLY ADJUSTED EARNINGS PER SHARE $0.35
    * Q2 NET SALES OF $681.2 MILLION COMPARED TO $576.3 MILLION
IN
PRIOR YEAR QUARTER
    * QTRLY EARNINGS PER SHARE $0.24
    * Q2 EARNINGS PER SHARE VIEW $0.18, REVENUE VIEW $580.5
MILLION --
REFINITIV IBES DATA
    * RAISES FULL-YEAR FISCAL 2023 OUTLOOK FOR NET SALES OF
$2.45 TO
$2.55 BILLION, ADJUSTED EBITDA OF $120 TO $135 MILLION
    * RAISES FULL-YEAR FISCAL 2023 OUTLOOK FOR ADJUSTED NET
INCOME OF
$48 MILLION TO $62 MILLION AND NET INCOME OF $15 MILLION TO $30
MILLION
    * BOARD OF DIRECTORS APPROVES A NEW $175.0 MILLION SHARE
REPURCHASE AUTHORIZATION EFFECTIVE IMMEDIATELY
    * FY2023 REVENUE VIEW $2.41 BILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nBw3DtYlHa 
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