Wed, Jun 4, 11:16 AM (14 days ago)
**REV Group, Inc. (REVG) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** Q1 2025 revenue was $629.1 million, a 2% increase from Q1 2024 ($616.9 million). - **Profit Margins:** Gross profit margin improved to 15.2% in Q1 2025, up from 12.5% in Q1 2024. - **Net Income:** Net income for Q1 2025 was $19.0 million, a 25% increase from $15.2 million in Q1 2024. - **Earnings per Share (EPS):** Basic EPS was $0.38, and diluted EPS was $0.38 for Q1 2025. - **Cash Flow:** Operating cash flow was $103.9 million for the six months ended April 30, 2025, a significant improvement from the negative $29.6 million in the same period last year. **Segment Performance:** - **Specialty Vehicles:** Revenue increased by 3.8% to $453.9 million. Adjusted EBITDA rose by 66.6% to $56.3 million. - **Recreational Vehicles:** Revenue decreased by 2.4% to $175.3 million. Adjusted EBITDA fell by 9.9% to $10.9 million. **Key Financial Metrics & Trends:** - **Backlog:** Total backlog increased to $4,549.9 million, driven by the Specialty Vehicles segment. - **Dividends:** The company paid $3.1 million in dividends during Q2 2025. - **Share Repurchases:** The company repurchased 2,877,814 shares for $88.4 million in Q1 2025. - **Debt:** Long-term debt increased to $130.0 million as of April 30, 2025. **Uncertainties & Future Operations:** - **Economic Factors:** The company is exposed to economic conditions, supply chain disruptions, and changes in trade policies. - **Seasonality:** The company's results are impacted by seasonality, with the first fiscal quarter typically being the slowest. - **Strategic Initiatives:** The company is pursuing divestitures and strategic reviews to optimize its portfolio. **Impact on Future Operations:** - **Divestitures:** The company recorded a loss on assets held for sale of $30.0 million due to the strategic decision to exit non-motorized recreational vehicle manufacturing. - **Share Repurchases:** The company continues to repurchase shares under its 2024 Share Repurchase Program. - **Debt Management:** The company has ample availability under its Amended 2021 ABL Facility, with $263.2 million available as of April 30, 2025.