REVG - Why Specialty Vehicles Manufacturer REV Group Shares Are Surging Today | Benzinga
REV Group, Inc. (NYSE:REVG) shares are trading higher after the company reported second-quarter FY24 results.
Net sales of $616.9 million beat the consensus of $601.5 million. Excluding the impact of the Collins divestiture, net sales decreased 2.7% Y/Y due to lower net sales in the Recreational Vehicles segment.
Specialty Vehicles segment net sales rose 2.9% Y/Y but Recreational Vehicles segment net sales fell 30% Y/Y.
Adjusted EBITDA stood at $37.5 million, vs. $41.9 million a year ago quarter. Adjusted EPS of $0.39 exceeded the street view of $0.26.
Effective January 26, the ...