Shares of REV Group Inc. (NYSE: REVG) are soaring 21.10% in early trading on Wednesday following the company's impressive fiscal 2025 third-quarter results and raised full-year guidance. The specialty vehicle manufacturer reported strong performance across its key segments, surpassing analyst expectations.

REV Group reported quarterly earnings of $0.79 per share, significantly outperforming the analyst consensus estimate of $0.63 by 24.8%. This represents a substantial 64.58% increase from the $0.48 per share earned in the same period last year. The company's quarterly sales reached $644.9 million, beating the analyst consensus estimate of $630.85 million by 2.23% and marking an 11.30% increase from the $579.4 million reported in the previous year.

The strong performance was driven by growth in the company's key segments. The Specialty Vehicles segment experienced robust growth with net sales reaching $483.3 million, an increase of $51.2 million or 11.8% from the previous year, primarily due to increased shipments and favorable pricing for fire apparatus and ambulance units. The Recreational Vehicles segment also saw higher shipments of motorized units and benefited from pricing actions.

Following the strong results, REV Group updated its fiscal 2025 guidance, forecasting net sales between $2.4 billion and $2.45 billion, up from the previous range of $2.35 billion to $2.45 billion. The company also raised its net income guidance to $95 to $108 million and expects adjusted EBITDA to range from $220.0 million to $230.0 million. This optimistic outlook has further fueled investor confidence, contributing to the significant stock price surge.