REV Group, Inc. (NYSE:REVG) shares are trading lower after the company reported third-quarter results.
Net sales of $579.4 million missed the consensus of $618.7 million. Excluding the impact of the Collins divestiture, net sales decreased 8.6% year over year due to lower net sales in the Recreational Vehicles segment.
Specialty Vehicles segment net sales fell 7.3% Y/Y while Recreational Vehicles segment net sales declined 31.3% Y/Y.
Adjusted EBITDA stood at $45.2 million, vs. $39.4 million a year ago quarter. Adjusted EPS of $0.48 exceeded the street view of $0.42.
As of July-end, net debt totaled $164.5 million, including $50.5 million cash on hand.
Dividend: The board of directors declared a regular quarterly cash ...
