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
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% |
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 |
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 |
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% |
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 goodwhale.com. More…
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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