REV Group, Inc. (REVG) Misses Q4 EPS by 24c, Updates Guidance
REV Group, Inc. (NYSE: REVG) reported Q4 EPS of $0.28, $0.24 worse than the analyst estimate of $0.52. Revenue for the quarter came in at $659.8 million versus the consensus estimate of $710.09 million.
GUIDANCE:
REV Group, Inc. sees FY2019 revenue of $2.4-2.6 billion, versus the consensus of $2.52 billion.
- Net income of $43 to $63 million
- Adjusted EBITDA of $150 to $170 million
- Adjusted Net Income of $66 to $84 million
- Capital Expenditures of $25 to $30 million
- Interest expense of $29 to $31 million
- Effective tax rate of 25 percent to 27 percent
- Net cash provided by operating activities of $110 to $130 million
Signed a definitive agreement to sell the Company’s mobility van business, Revability, with annual sales of approximately $40 million, on December 19, 2018
For earnings history and earnings-related data on REV Group, Inc. (REVG) click here.
