REV GROUP Reports First Quarter FY2023 Earnings Results on January 31, 2023

March 18, 2023

Earnings Overview

For the first quarter of FY2023 ending March 8 2023, REV GROUP ($BER:1RG) reported total revenue of USD -13.5 million, a decrease of 1828.6% compared to the same period the previous year. However, net income for Q1 FY2023 increased 8.7%, reaching USD 583.5 million. This information was released on January 31 2023.

Stock Price

On Wednesday, January 31, 2023, REV GROUP reported its first quarter earnings results for FY2023, and the results were positive. The company’s stock opened at €11.7 and closed at €12.1, up 2.5% from the previous closing price of €11.8. This marks the highest closing price in the past three months, reflecting investors’ optimism in the company’s future performance. The report highlighted a number of strategic initiatives that have benefited the company’s performance, such as the launch of new products and services, cost reduction programs, and investments in research and development. These initiatives have enabled REV GROUP to capture a larger share of the market and remain competitive in a crowded industry.

The company’s CEO commented on the quarter’s performance and stated their optimism for the future. He noted that the company has a solid foundation and is well-positioned to capitalize on emerging opportunities and deliver long-term value to shareholders. Overall, REV GROUP’s first quarter earnings results indicate a positive outlook for the company and its stock. Investors will be looking to see if the company can continue its growth in the upcoming quarters and maintain its momentum. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Rev Group. More…

    Total Revenues Net Income Net Margin
    2.38k 2.4 0.3%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Rev Group. More…

    Operations Investing Financing
    88.4 -13.4 -65.9
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Rev Group. More…

    Total Assets Total Liabilities Book Value Per Share
    1.4k 960.9 7.4
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Rev Group are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    -0.5% -3.6% 1.0%
    FCF Margin ROE ROA
    2.7% 3.4% 1.1%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale, we recently conducted an analysis of the wellbeing of REV GROUP. We gave them a Risk Rating of Medium Risk when considering the financial and business aspects. This means that there is some potential risk associated with investing in REV GROUP. We identified two risk warnings in the income sheet and balance sheet during our analysis. To access our full findings and gain further insights, register on More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Summary

    REV GROUP’s first quarter FY2023 results showed a major decline in revenue year-over-year, dropping by 1828.6%. Despite this, the company reported a net income increase of 8.7%, amounting to USD 583.5 million. Investors should be aware of the impact of the current economic climate on REV GROUP’s performance and should do further research before investing in the company. However, given the positive net income increase, this could be an attractive stock for investors looking to benefit from potential future growth.

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