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.

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