REV Group, Inc. Reports Earnings Results for the Fourth Quarter Ended October 31, 2023
December 13, 2023 at 07:00 am
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REV Group, Inc. reported earnings results for the fourth quarter ended October 31, 2023. For the fourth quarter, the company reported sales was USD 693.3 million compared to USD 623.6 million a year ago. Net income was USD 29.7 million compared to USD 8.7 million a year ago.
Basic earnings per share from continuing operations was USD 0.51 compared to USD 0.15 a year ago. Diluted earnings per share from continuing operations was USD 0.5 compared to USD 0.15 a year ago.
REV Group, Inc. is engaged in designing and manufacturing specialty vehicles and related aftermarket parts and services. The Company operates through two segments: Specialty Vehicles and Recreational Vehicles. The Company provides customized vehicle solutions for applications, including essential needs for public services (ambulances and fire apparatus), commercial infrastructure (terminal trucks and industrial sweepers) and consumer leisure (recreational vehicles). It sells fire apparatus equipment under the Emergency One, Kovatch Mobile Equipment, Ferrara and Spartan Emergency Response, which consists of Spartan Emergency Response, Smeal, Spartan Fire Chassis, and Ladder Tower brands, and ambulances under the American Emergency Vehicles, Horton Emergency Vehicles, Leader Emergency Vehicles, Road Rescue and Wheeled Coach brands. The Recreational Vehicles segment serves the RV market through the principal brands: American Coach, Fleetwood RV, Holiday Rambler, Renegade RV, and others.