Rev Group Reports Strong Q2 Results, Updates Improved Fiscal 2023 Outlook, and Introduced New $175 Million Share Repurchase Authorization

June 8, 2023

(24/7 MARKET NEWS) – REV Group, Inc. (NASDAQ:REVG) reported, today, its quarterly results for the three months ended April 30, 2023. Highlights include an 18.2% year-over-year increase in consolidated net sales for the second quarter of 202, to $681.2 million, across all segments. Additionally, it raised its full-year fiscal 2023 outlook for net sales of $2.45 to $2.55 billion and adjusted EBITDA of $120 to $135 million, as well as its board of directors approved a new $175.0 million share repurchase authorization effective immediately

REV Group is trading at $13.62, up $1.86 (+15.82%), on 27.68K premarket shares traded.

Its 52-week range is $9.85 to $16.3835. It’s been in an upswing and it gapped above several additional resistance points. If its trading volume increases, it could potentially challenge its December price spike.

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