REV Group accelerates after Q2 beat, FY earnings outlook boost

Rev

05/06/2024 14:28

** REV Group's  REVG.N  shares up 5.6% to $26.19 before the
bell after specialty and recreational vehicles maker's results
top expectations and it lifts fiscal year earnings guidance
    ** Co posts Q2 sales of $617 mln, down from ~$681 mln a year
ago, and adj EPS of 39 cents
    ** Per LSEG data, avg estimates among 3 analysts for Q2 were
sales of ~601.4 mln and adj EPS of 26 cents
    ** Co says now expects FY net income of $230-$245 mln vs
prior guidance of $224-$245 mln
    ** Also for FY, trims sales guidance to $2.4-$2.5 bln from
previous forecast of $2.45-$2.55 bln
    ** Through Tues close, REVG shares up 61% YTD. Stock was
trading around $9 a year ago
    

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))