REV Group Inc. (REVG) saw its shares surge 9.36% in pre-market trading on Wednesday, following the release of its robust fiscal 2024 fourth quarter and full-year results, coupled with an optimistic outlook for fiscal 2025.

The company, a leading designer and manufacturer of specialty vehicles and recreational vehicles, reported strong profitability driven by its diversified portfolio and exceptional efforts from its team. Despite the challenges faced by its cyclical businesses, REV Group demonstrated its ability to navigate a dynamic market environment while delivering value to its shareholders.

For the fourth quarter of fiscal 2024, REV Group reported net income of $41.7 million, or $0.80 per diluted share, compared to net income of $29.7 million, or $0.50 per diluted share, in the same period last year. Adjusted EBITDA for the quarter stood at $49.6 million, a 22.2% increase from the prior year quarter, excluding the impact of the Collins divestiture.

On the revenue front, the company recorded net sales of $597.9 million in the fourth quarter, a decrease of 13.76% compared to the previous year's $693.3 million. However, this decline was primarily due to lower net sales in the Recreational Vehicles segment, partially offset by higher net sales in the Specialty Vehicles segment.

Looking ahead to fiscal 2025, REV Group provided a bullish outlook, projecting net sales in the range of $2.3 billion to $2.4 billion, net income between $98.0 million and $125.0 million, Adjusted EBITDA ranging from $190.0 million to $220.0 million, Adjusted Net Income between $116.0 million and $140.0 million, and Free Cash Flow between $90.0 million and $110.0 million.