REV Group, Inc. Reports Fiscal 2018 Second Quarter Results
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REV Group, Inc. (REVG) Misses Q2 EPS by 11c, Revenues Miss; Offers FY18 Revenue Mid-Point Guidance Below Consensus
June 6, 2018 5:18 PM EDTREV Group, Inc. (NYSE: REVG) reported Q2 EPS of $0.24, $0.11 worse than the analyst estimate of $0.35. Revenue for the quarter came in at $608.9 million versus the consensus estimate of $630.9 million.
Well positioned with record Q2 revenue and backlog, however adversely impacted by near term commodity price inflation, supply chain constraints and shortfalls in our Commercial Segment
Updated full year guidance reflects continued year over year revenue growth of 10% and Adjusted EBITDA growth of 11% at the midpoint of the range
Net sales of $608.9 million, representing growth of 11.7% compared to the prior year1... More