REV Group Raised FY23 Revenue Outlook To $2.450B-$2.550B (Prior $2.300B-$2.500B) Vs $2.41B Est and Adj. EBITDA To $120M to $135M (Prior $110M-$130M)
Portfolio Pulse from Benzinga Newsdesk
REV Group has raised its FY23 revenue outlook to $2.45B-$2.55B from the previous $2.3B-$2.5B, and adjusted EBITDA to $120M-$135M from $110M-$130M, due to growth in the Recreation segment.
June 08, 2023 | 11:10 am
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REV Group has increased its FY23 revenue and adjusted EBITDA outlook due to growth in the Recreation segment.
The raised outlook for both revenue and adjusted EBITDA indicates a positive performance in the Recreation segment, which is likely to have a positive impact on REV Group's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100