Overview

* REV Group ( REVG ) 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 ( REVG ) raises 2025 net income guidance to $95-$108 mln

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

* REV Group ( REVG ) 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/Mis Actual Consensu

s s

Estimate

Q3 Sales Beat $644.90 $630.90

mln mln (2

Analysts

)

Q3 Beat $0.79 $0.63 (3

Adjusted Analysts

EPS )

Q3 Net $29.10

Income mln

Q3 Gross $101.70

Profit mln

Q3 $44.70

Operatin mln

g

Expenses

Q3 $57 mln

Operatin

g Income

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 ( REVG ) 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:

(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.)