REVG - Navigating Mixed Terrain: REV Group Reports Slight Sales Growth In Q1 Adjusts Forecast Amid Market Shifts | Benzinga
REV Group, Inc. (NYSE:REVG) reported first-quarter fiscal 2024 slight sales growth of 0.43% year-over-year to $586 million, beating the consensus of $579.42 million.
The increase in consolidated net sales was primarily due to higher net sales, including price realization, within the Specialty Vehicles segment, partially offset by lower net sales in the Recreational Vehicles segment.
The company, which manufactures specialty vehicles and related aftermarket parts and services, reported an Adjusted EPS of $0.25, up from $0.12 a year ago, beating the consensus of $0.15.
Gross profit soared 8.6% to $62.9 million, and the margin expanded by 81 bps to 10.7%. ...