REV Group Stock Climbs 16% on Q4 Earnings Beat, $250 Million Buyback Plan

GuruFocus.com12-12

REV Group Inc. (REVG, Financials) reported fiscal fourth-quarter 2024 income of $597.9 million, down 13.8% from $693.3 million; however, the figure beat earnings estimates, leading to a rise of 15% in...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2490890699?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/7H2Hgx41malBOs9DHcPiSg--~B/aD0zNjY7dz01NTA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/us.finance.gurufocus/515fb5d8a30d2a533f83963d09c29a52","is_english":true,"pubTime":"2024-12-12 01:31","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2490890699","market":"us","top_or_hot":-1,"title":"REV Group Stock Climbs 16% on Q4 Earnings Beat, $250 Million Buyback Plan","media":"GuruFocus.com","content":"<div>\n<p>REV Group Inc. (REVG, Financials) reported fiscal fourth-quarter 2024 income of $597.9 million, down 13.8% from $693.3 million; however, the figure beat earnings estimates, leading to a rise of 15% in...</p>\n\n<a href=\"https://finance.yahoo.com/news/rev-group-stock-climbs-16-173123438.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>REV Group Stock Climbs 16% on Q4 Earnings Beat, $250 Million Buyback Plan</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nREV Group Stock Climbs 16% on Q4 Earnings Beat, $250 Million Buyback Plan\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-12 01:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/rev-group-stock-climbs-16-173123438.html><strong>GuruFocus.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>REV Group Inc. (REVG, Financials) reported fiscal fourth-quarter 2024 income of $597.9 million, down 13.8% from $693.3 million; however, the figure beat earnings estimates, leading to a rise of 15% in...</p>\n\n<a href=\"https://finance.yahoo.com/news/rev-group-stock-climbs-16-173123438.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"REVG","symbol_name":"Rev Group Inc.","start_time":0,"source_url":"https://finance.yahoo.com/news/rev-group-stock-climbs-16-173123438.html","article_id":"2490890699","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/7H2Hgx41malBOs9DHcPiSg--~B/aD0zNjY7dz01NTA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/us.finance.gurufocus/515fb5d8a30d2a533f83963d09c29a52"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490890699","pubTimestamp":1733938283,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"REV Group Inc.  reported fiscal fourth-quarter 2024 income of $597.9 million, down 13.8% from $693.3 million; however, the figure beat earnings estimates, leading to a rise of 15% in the stock price. The Collins Bus divestiture partially explained the decline; the disposal reduced revenue by 6.4%, partly offset by specialty car sales but driven by recreational vehicle sales declines.The business released fiscal 2025 projections with sales ranging from $2.3 billion to $2.4 billion. With free cash flow predicted between $90 million and $110 million, adjusted EBITDA is projected to run between $190 million to $220 million. Noting notable margin increases in the specialized vehicles area, President and CEO Mark Skonieczny complimented the company's varied portfolio and cost discipline for the better performance.REV Group reported $24.6 million in cash and equivalents as of Oct. 31; $349.6 million under its revolving credit facility. Good working capital management helped to sustain $102.2 ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"REVG":"Rev Group Inc."},"translate_title":"REV Group股价因第四季度盈利超出预期和2.5亿美元回购计划而上涨16%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"REVG":0.9},"content_text":"REV Group Inc. (REVG, Financials) reported fiscal fourth-quarter 2024 income of $597.9 million, down 13.8% from $693.3 million; however, the figure beat earnings estimates, leading to a rise of 15% in the stock price. The Collins Bus divestiture partially explained the decline; the disposal reduced revenue by 6.4%, partly offset by specialty car sales but driven by recreational vehicle sales declines.\n\nCompared to $29.7 million, or $0.50 per diluted share, a year ago, net income for the quarter climbed to $41.7 million, or $0.80 per diluted share. Versus the previous year, adjusted net income was $26.9 million, or $0.51 per share, compared with $31.7 million, or $0.53 per share. Revenue dropped 9.8% to $2.38 billion for the whole fiscal year while net income jumped to $257.6 million, or $4.72 per diluted share, from $45.3 million, or $0.77 per diluted share in fiscal 2023. Strategic divestments and better operational effectiveness helped to support the growth.\nThe business released fiscal 2025 projections with sales ranging from $2.3 billion to $2.4 billion. With free cash flow predicted between $90 million and $110 million, adjusted EBITDA is projected to run between $190 million to $220 million. Noting notable margin increases in the specialized vehicles area, President and CEO Mark Skonieczny complimented the company's varied portfolio and cost discipline for the better performance.\nUnder which $126.1 million of shares were repurchased, the board of directors approved a new $250 million share repurchase program replacing the former $175 million program. The new authorization gives buyback share flexibility using a variety of approaches. The board also authorized a 20% increase in the quarterly dividend, therefore bringing it to $0.06 per share, payable Jan. 10, 2025, to record owners of Dec. 26, 2024.\nIn the fourth quarter, revenue in the sector for specialist cars came to $439.9 million, an 8.1% year-over-year drop. Reflecting price moves and higher fire equipment shipments, adjusted EBITDA in the sector climbed 15.9% to $50.2 million. Affected by less shipments and more discounting, recreational vehicle revenue dropped 26.5% to $158.1 million. Reduced volumes and inflationary pressures caused adjusted EBITDA in the division to decline 57.6% to $8.1 million.\nREV Group reported $24.6 million in cash and equivalents as of Oct. 31; $349.6 million under its revolving credit facility. Good working capital management helped to sustain $102.2 million, the full year free cash flow. The company's backlog dropped somewhat to $4.47 billion, but orders for fire equipment and ambulances helped to overcome reductions in other areas.This article first appeared on \nGuruFocus.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2490890699"}