07:36 AM EST, 03/06/2024 (MT Newswires) -- REV Group ( REVG ) reported fiscal Q1 adjusted net income Wednesday of $0.25 per diluted share, up from $0.12 a year earlier.

Two analysts polled by Capital IQ expected $0.15.

Net sales for the quarter ended Jan. 31 were $586 million, up from $583.5 million a year earlier.

Two analysts surveyed by Capital IQ expected revenue of $580.8 million.

For fiscal 2024, the maker of specialty and recreational vehicles said it now expects adjusted net income of $72 million to $90 million, compared with its prior guidance of between $82 million and $99 million. Two analysts polled by Capital IQ expect $87.6 million.

Net sales for the fiscal year are expected to be from $2.45 billion to $2.55 billion, down from its earlier guidance of between $2.60 billion and $2.70 billion. Three analysts surveyed by Capital IQ expect $2.61 billion.

REV Group ( REVG ) maintained its quarterly dividend at $0.05 a share, payable on April 12 to shareholders as of March 28.

Shares of the company were up 3.6% in recent Wednesday premarket activity.

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