REV Group: RV Sales Are Taking A Hit And I Remain Cautious, Given Uncertainty
Portfolio Pulse from
REV Group, Inc. faces challenges with declining RV sales and backlog, while its specialty vehicles segment shows strong growth. Q3 results revealed a 14.8% revenue decline, with RV sales dropping 31.3% and specialty vehicles growing 50% in adjusted EBITDA. Economic concerns and potential recession may impact future demand.
November 27, 2024 | 9:30 pm
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REV Group, Inc. reported a 14.8% revenue decline in Q3, with RV sales down 31.3% and specialty vehicles up 50% in adjusted EBITDA. Economic uncertainty may further impact RV demand.
The significant decline in RV sales and overall revenue, coupled with economic uncertainties, suggests a negative short-term impact on REV Group's stock price. Despite growth in specialty vehicles, the broader economic concerns and potential recession could weigh on investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100