REV Group Expects FY24 Net Sales of $2.45B-$2.55B (Prior $2.60B-$2.70B) Vs $2.61B Est
Portfolio Pulse from Benzinga Newsdesk
REV Group has updated its fiscal year 2024 outlook, expecting net sales to range between $2.45B and $2.55B, down from the prior guidance of $2.60B to $2.70B. This revision places the forecast below the estimated $2.61B. Additionally, adjustments were made to net income, adjusted EBITDA, adjusted net income, and adjusted free cash flow projections.
March 06, 2024 | 12:04 pm
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REV Group has lowered its FY24 net sales forecast to $2.45B-$2.55B from the previous $2.60B-$2.70B, indicating a potential decrease in expected revenue.
The revision of the fiscal year 2024 outlook by REV Group, particularly the decrease in expected net sales, could lead to negative investor sentiment in the short term. This adjustment suggests that the company might be facing challenges that could impact its financial performance, potentially leading to a decrease in stock price.
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IMPORTANCE 90
RELEVANCE 100