REV Group (REVG) reported second quarter net income of $15.2 million, or $0.28 per share, compared to $14.2 million, or $0.24 per share, a year ago. Adjusted net income was $20.9 million, or $0.39 per share, compared to $20.8 million, or $0.35 per share, last year. On average, three analysts polled by Thomson Reuters expected the company to report profit per share of $0.26, for the quarter. Analysts' estimates typically exclude special items.
Consolidated net sales were $616.9 million, compared to $681.2 million, previous year. Excluding the impact of the Collins divestiture, net sales decreased 2.7% compared to the prior year quarter. Analysts on average had estimated $601.46 million in revenue.
For 2024, the company expects adjusted net income in a range of $76 million to $90 million, revised from prior guidance range of $72 million to $90 million. Net sales are now projected in a range of $2.40 billion to $2.50 billion, revised from $2.45 billion to $2.55 billion.
The company's board declared a regular quarterly cash dividend of $0.05 per share of common stock, payable on July 12, 2024, to shareholders of record on June 28, 2024.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.