REV Group ( (REVG) ) has released its Q4 earnings. Here is a breakdown of the information REV Group presented to its investors.
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REV Group, Inc., a leading manufacturer of specialty and recreational vehicles, serves a diverse customer base through its well-established vehicle brands.
In its fiscal 2024 fourth quarter and full year financial report, REV Group announced strong earnings, highlighted by a new $250 million share repurchase authorization and a 20% increase in its quarterly cash dividend. The company also provided its financial outlook for fiscal 2025, aiming for net sales between $2.3 to $2.4 billion.
Key financial metrics revealed a fourth-quarter net income of $41.7 million and a full-year net income of $257.6 million, significantly higher than the previous year’s figures. Adjusted EBITDA for the year increased to $162.8 million, driven by improved margins in the Specialty Vehicles segment despite challenges in the Recreational Vehicles sector. The company also repaid debt, reduced its working capital, and generated an adjusted free cash flow of $102.2 million.
Looking forward, REV Group anticipates continued momentum into fiscal 2025, with strategic initiatives focused on sustainable growth and shareholder value enhancement through dividends and share repurchases. Management remains optimistic about navigating market challenges and achieving long-term success.
