Specialty vehicles maker REV Group Q3 sales beat estimates

Rev

03/09/2025 12:11

Overview

REV Group fiscal Q3 net sales rise, beating analyst expectations

Adjusted EPS for fiscal Q3 beats estimates, driven by strong segment performance

Company updates full-year fiscal 2025 guidance for net sales and adjusted EBITDA

Outlook

Company updates full-year 2025 net sales guidance to $2.4-$2.45 bln

REV Group raises 2025 net income guidance to $95-$108 mln

Company expects 2025 adjusted EBITDA of $220-$230 mln

REV Group projects 2025 free cash flow of $140-$150 mln

Result Drivers

SPECIALTY VEHICLES - Increased shipments and favorable pricing for fire apparatus and ambulance units drove segment growth

RECREATIONAL VEHICLES - Higher shipments of motorized units and pricing actions boosted segment sales

BUSINESSES EXIT - Exiting Bus Manufacturing Businesses clarified growth in other segments

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$644.90 mln
$630.90 mln (2 Analysts)
Q3 Adjusted EPS
Beat
$0.79
$0.63 (3 Analysts)
Q3 Net Income
$29.10 mln
Q3 Gross Profit
$101.70 mln
Q3 Operating Expenses
$44.70 mln
Q3 Operating Income
$57 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"

Wall Street's median 12-month price target for REV Group Inc is $50.00, about 3.6% below its September 2 closing price of $51.80

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: ID:nBw9JTjp3a

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)