REV Group Inc. (REVG) Financial Statements (2024 and earlier)

Company Profile

Business Address 245 SOUTH EXECUTIVE DRIVE
BROOKFIELD, WI 53005
State of Incorp. DE
Fiscal Year End October 31
Industry (SIC) 3711 - Motor Vehicles and Passenger Car Bodies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

1/31/2024
Q1
10/31/2023
Q4
7/31/2023
Q3
4/30/2023
Q2
1/31/2023
Q1
10/31/2022
Q4
7/31/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments21,30011,0009,00023,00020,40014,800
Cash and cash equivalents21,30011,0009,00023,00020,40014,800
Receivables226,500210,600239,500218,800215,000224,300
Inventory, net of allowances, customer advances and progress billings657,700644,000654,400671,900629,500599,300
Inventory657,700644,000654,400671,900629,500599,300
Disposal group, including discontinued operation      6,300
Other current assets27,70041,40021,50027,60023,50031,700
Total current assets:933,200907,000924,400941,300888,400876,400
Noncurrent Assets
Operating lease, right-of-use asset37,00038,00037,10028,30020,20020,700
Property, plant and equipment159,500152,600147,800147,100148,900146,100
Intangible assets, net (including goodwill)273,000273,500274,100275,100276,500277,800
Goodwill157,300157,300157,300157,300157,300157,300
Intangible assets, net (excluding goodwill)115,700116,200116,800117,800119,200120,500
Other noncurrent assets7,7008,4009,1009,80010,60011,200
Total noncurrent assets:477,200472,500468,100460,300456,200455,800
TOTAL ASSETS:1,410,4001,379,5001,392,5001,401,6001,344,6001,332,200
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities231,700214,600205,900206,300182,800179,900
Accounts payable208,300192,700185,700187,100163,900159,200
Accrued liabilities23,40021,90020,20019,20018,90020,700
Deferred revenue214,500236,600243,900227,100258,000311,000
Debt 7,000     
Other liabilities103,60089,30078,20082,40080,50076,900
Other undisclosed current liabilities4007,8007,5006,8006,1006,900
Total current liabilities:557,200548,300535,500522,600527,400574,700
Noncurrent Liabilities
Long-term debt and lease obligation 150,000179,000230,000250,000244,200264,500
Long-term debt, excluding current maturities 150,000179,000230,000250,000230,000250,000
Liabilities, other than long-term debt205,200183,600173,700188,300116,70045,000
Deferred revenue142,900112,200101,000124,40074,800 
Deferred income tax liabilities8,20018,60021,70021,50021,00023,600
Other liabilities24,10022,40021,40020,80020,90021,400
Operating lease, liability30,00030,40029,60021,60014,20014,500
Total noncurrent liabilities:355,200362,600403,700438,300360,900309,500
Total liabilities:912,400910,900939,200960,900888,300884,200
Equity
Equity, attributable to parent498,000468,600453,300440,700456,300448,000
Common stock100100100100100100
Additional paid in capital445,000442,700439,300437,900436,400434,000
Accumulated other comprehensive income (loss) 200(200)(200)(200)300100
Retained earnings52,70026,00014,1002,90019,50013,800
Total equity:498,000468,600453,300440,700456,300448,000
TOTAL LIABILITIES AND EQUITY:1,410,4001,379,5001,392,5001,401,6001,344,6001,332,200

Income Statement (P&L) ($ in thousands)

1/31/2024
Q1
10/31/2023
Q4
7/31/2023
Q3
4/30/2023
Q2
1/31/2023
Q1
10/31/2022
Q4
7/31/2022
Q3
Revenues693,300680,000681,200583,500623,500594,800
Cost of revenue(597,800)(599,800)(598,700)(525,600)(556,700)(527,000)
Gross profit:95,50080,20082,50057,90066,80067,800
Operating expenses(50,400)(54,500)(53,500)(69,200)(49,000)(50,600)
Operating income (loss):45,10025,70029,000(11,300)17,80017,200
Nonoperating expense
(Investment Income, Nonoperating)
   (500)(200)  
Interest and debt expense(6,700)(7,300)(7,400)(7,100)(5,700)(4,300)
Income (loss) from continuing operations before equity method investments, income taxes:38,40018,40021,100(18,600)12,10012,900
Other undisclosed income (loss) from continuing operations before income taxes  (1,100)   
Income (loss) from continuing operations before income taxes:38,40018,40020,000(18,600)12,10012,900
Income tax expense (benefit)(8,700)(3,500)(5,800)5,100(3,400)(3,400)
Income (loss) from continuing operations:29,70014,90014,200(13,500)8,7009,500
Income before gain (loss) on sale of properties:8,7009,500
Net income (loss) available to common stockholders, diluted:29,70014,90014,200(13,500)8,7009,500

Comprehensive Income ($ in thousands)

1/31/2024
Q1
10/31/2023
Q4
7/31/2023
Q3
4/30/2023
Q2
1/31/2023
Q1
10/31/2022
Q4
7/31/2022
Q3
Net income (loss):29,70014,90014,200(13,500)8,7009,500
Comprehensive income (loss):29,70014,90014,200(13,500)8,7009,500
Other undisclosed comprehensive income (loss), net of tax, attributable to parent400  (500)200 
Comprehensive income (loss), net of tax, attributable to parent:30,10014,90014,200(14,000)8,9009,500

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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