RADNOR, PA / ACCESSWIRE / June 8, 2018 / Kaskela Law LLC is investigating REV Group, Inc. (NYSE: REVG) ("REV" or the "Company") on behalf of the Company's investors.
On June 7, 2018, REV announced disappointing quarterly financial and operational results which had been "adversely impacted by near term commodity price inflation, supply chain constraints and shortfalls." The Company further reported that "[a]s a result of lower-than-expected second-quarter performance due to the negative factors discussed above which are impacting the Company's margins, REV has revised its full-year [financial] outlook." Specifically, the Company reduced its full-year 2018 financial outlook for revenue, adjusted EBITDA (from $200 - $220 million to $175 - $185 million), net income (from $90 - $110 million to $72 - $87 million), and adjusted net income (from $110 - $125 million to $94 - $105 million).
Following this news, shares of the Company's common stock declined $3.39 per share, or 19%, to close on June 7, 2018 at $14.52.
REV investors are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258-1585 or (888) 715-1740, or via www.kaskelalaw.com/case/rev/ to discuss this investigation and their legal rights and options.
Kaskela Law LLC exclusively represents investors in state and federal courts throughout the country. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com. This notice may constitute attorney advertising in certain jurisdictions.
CONTACT:
KASKELA LAW LLC
D. Seamus Kaskela, Esq.
201 King of Prussia Road
Suite 650
Radnor, PA 19087
(484) 258-1585
(888) 715-1740
[email protected]
www.kaskelalaw.com
SOURCE: Kaskela Law LLC