REV GROUP Reports Third Quarter Fiscal Year 2023 Earnings Results on July 31, 2023
September 15, 2023
🌥️Earnings Overview
REV GROUP ($NYSE:REVG) announced on July 31, 2023 that their total revenue for the third quarter of their fiscal year 2023 was USD 680.0 million, a 14.3% increase from the same quarter in the previous year. Additionally, their net income increased a notable 56.8%, amounting to USD 14.9 million.
Share Price
The results showed that the company’s stock opened at $14.0 and closed at $14.0, an 8.6% increase from their previous closing price of $12.9. This marked a record-breaking quarter of financial success for REV GROUP, with the company’s stock performing in the double-digits for the first time in its history. This marks an important milestone for the company and is sure to be a major contributing factor to its future success. 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 |
| 2.57k | 24.3 | 1.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Rev Group. More…
| Operations | Investing | Financing |
| 105.5 | -21.5 | -87.8 |
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 |
| 1.38k | 910.9 | 7.88 |
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 |
| 3.5% | 14.8% | 2.3% |
| FCF Margin | ROE | ROA |
| 3.0% | 8.1% | 2.7% |
Analysis
At GoodWhale, we have conducted an in-depth analysis on the financials of REV GROUP. After careful examination of the financial and business aspects, we have determined that REV GROUP is a medium risk investment. We have detected two risk warnings in the income sheet and balance sheet of this company. In order to gain more information and insights into these risks, you may register with us. We understand that making investments can be a risky endeavour, and we are here to help you make informed decisions. Our experienced team of financial analysts are dedicated to helping you succeed. We are committed to providing you with accurate, reliable and timely advice and insights into the financials of REV GROUP so that you can make informed decisions about your investments. More…
Peers
The competition between REV Group Inc and its competitors, Buhler Industries Inc, The Shyft Group Inc and Ashok Leyland Ltd, is fierce. Each company is striving to outdo the other in terms of product quality, customer service, and innovation. With such strong competition, the industry is constantly evolving and providing customers with the latest products and services.
– Buhler Industries Inc ($TSX:BUI)
Buhler Industries Inc is a publicly traded company based in Winnipeg, Manitoba, Canada. It is primarily engaged in the design, manufacture, and sale of agricultural equipment and related products. The company has a market cap of 47.5M as of 2022, with a Return on Equity (ROE) of 12.01%. This indicates that the company is performing well financially, as the ROE is relatively high compared to other companies in the industry. Buhler Industries Inc also offers a wide range of services and products, such as grain handling, material handling, hay and forage equipment, as well as small engine power products. The company also has a strong presence in the North American market, with a strong customer base and an extensive dealer network.
– The Shyft Group Inc ($NASDAQ:SHYF)
The Shyft Group Inc is a leading provider of digital identity, compliance, and employment verification services. The company has a market capitalization of 867.65M as of 2022, which indicates that it is a well-established player in the industry. Furthermore, its Return on Equity (ROE) of 11.13% indicates that the company is able to generate strong profits from its investments. The Shyft Group Inc’s digital identity and compliance offerings enable customers to securely manage and share identity information and verify worker credentials at a fraction of the cost and time of traditional methods. The company is also well-positioned to capitalize on the increasing demand for digital identity solutions in the global markets.
– Ashok Leyland Ltd ($BSE:500477)
Ashok Leyland Ltd is an Indian automobile manufacturing company that was founded in 1948. It is the second largest commercial vehicle manufacturer in India and the fourth largest manufacturer of buses in the world. The company has a market cap of 404.6 billion as of 2022 and a Return on Equity (ROE) of 21.98%. This shows that the company has been successful in delivering returns to its shareholders and has a strong capital structure. Ashok Leyland Ltd produces a wide range of commercial vehicles including trucks, buses, light commercial vehicles, and defense vehicles. It also provides spare parts and other services for their vehicles. The company has a strong presence in India, Africa, Asia, and the Middle East.
Summary
Investors in REV GROUP have enjoyed impressive returns this quarter, with total revenue up 14.3%, and net income up 56.8%. The stock price responded positively to these results, showing that the market is confident in the company’s future prospects. Recent advancements in the company’s operations and cost structures have made it a strong option for investors looking for a reliable dividend return. With increasing production capabilities and a focus on creating value for shareholders, REV GROUP is well-positioned to continue its strong financial performance.
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