Welcome to our dedicated page for Rev Group news (Ticker: REVG), a resource for investors and traders seeking the latest updates and insights on Rev Group stock.
Overview of REV Group
REV Group Inc is a United States-based designer, manufacturer, and distributor of specialty vehicles and related aftermarket parts and services. With a legacy spanning over 60 years, the company has established itself as a major player in the manufacturing of vehicles that serve, move, and protect communities. Its robust product portfolio includes emergency vehicles, small buses, recreational vehicles, terminal trucks, and street sweepers. Industry-specific keywords such as "specialty vehicles", "emergency vehicles", and "commercial transportation" highlight the company's deep-rooted presence in critical sectors.
Business Segments and Operational Framework
The company is organized into two primary segments: the Specialty Vehicles Segment and the Recreational Vehicles Segment. The Specialty Vehicles Segment integrates the traditionally separate Fire & Emergency and Commercial operations, focusing on the sophisticated engineering and manufacturing of vehicles that fulfill essential public and commercial roles. Meanwhile, the Recreational Vehicles Segment caters to consumers seeking mobility solutions for leisure and adventure. This bifurcated structure allows REV Group to achieve operational efficiencies while addressing very distinct market needs.
Manufacturing Expertise and Scale
REV Group's operations are underpinned by state-of-the-art manufacturing facilities strategically located across North America. The company's dedication to innovative engineering, performance, and durability is evident in its extensive production capabilities. By leveraging advanced production techniques and a workforce of dedicated associates, REV Group ensures that its vehicles meet stringent safety and performance standards. The firm’s long-standing reputation is built on a commitment to quality and a robust aftermarket support network, which enhances the ownership experience for its diverse customer base.
Market Position and Competitive Landscape
Positioned as the largest manufacturer in North America of emergency vehicles and small buses, REV Group stands out in a competitive market by combining proven innovation with a rich heritage of reliability. Its ability to effectively serve multiple sectors—from public safety organizations, transportation institutions, to families and recreational enthusiasts—illustrates its versatile market approach. This broad scope allows the company to diversify its customer base, mitigate risks associated with market fluctuations, and maintain a resilient operational model. Its strategic partnerships with the best dealers further amplify its market presence and facilitate broad distribution channels.
Product Philosophy and Value Proposition
The company's value proposition centers on delivering vehicles that are not only durable and performance-driven but are also engineered to address unique industry challenges. REV Group’s products are crafted with a focus on safety, reliability, and versatility, ensuring that whether it is a vehicle designed for emergency response or a small bus built for public transportation, it meets the exacting standards required by today's demanding environments. Each vehicle reflects a blend of innovative design and functionality, tailored to meet the multifaceted needs of its global clientele.
Expertise, Innovation, and Industry Impact
Backed by decades of industry experience, REV Group continues to push the boundaries of vehicular design and manufacturing. The company's integration of advanced technologies with proven manufacturing methodologies enhances the overall performance and longevity of its products. Its commitment to operational excellence and staff expertise enables it to sustain a competitive edge, adapting to the evolving demands of global transportation and mobility. This expertise not only underscores its standing as an industry innovator but also reinforces the reliability and trust inherent in its brand.
Conclusion
In summary, REV Group stands as a multifaceted manufacturer with a rich history and significant market presence. Its strategic segmentation, commitment to quality manufacturing, and deep-rooted industry expertise collectively position it as an essential contributor to sectors that safeguard communities and support critical transportation needs worldwide. Investors and industry observers alike will find that REV Group offers a compelling case study in balanced, diversified manufacturing excellence and operational resilience.
Wheeled Coach, a REV Group brand, marks its 50th anniversary in emergency vehicle manufacturing. Founded in 1975 by Robert Collins Sr. in Orlando with just five employees, the company has grown to employ over 700 staff and has delivered more than 50,000 ambulances globally.
Operating from Winter Park, Florida, Wheeled Coach manufactures customized emergency vehicles for diverse clients, from small municipalities to large metropolitan providers like the Fire Department of New York (FDNY). The company is an approved supplier for the U.S. General Services Administration (GSA).
As an industry pioneer, Wheeled Coach achieved several firsts, including:
- Conducting IIHS Side Impact Criteria Crash and Roll-Over Testing
- Receiving ISO Certified ambulance manufacturer accreditation
- Producing CNC machine-cut doors
- Engineering internal emergency door releases
- Introducing the patented Cool-Bar™ for improved airflow and lighting
The company plans to celebrate this milestone throughout the year at major industry events including FDIC, the American Ambulance Association's Annual Conference, and EMS World Expo.
REV Group (NYSE: REVG), a leading manufacturer of specialty vehicles including fire trucks, ambulances and RVs, has released its sixth annual sustainability report for fiscal year 2024. The comprehensive 55-page report highlights significant ESG achievements and initiatives.
Key environmental accomplishments include reaching the lowest level of Total Energy Use since 2019, with year-over-year reductions in Scope 1 & 2 emissions and continued decreases in VOCs, NOx and SOx air emissions.
On the social front, REV Group achieved its lowest workplace injury rates in history, with a 10% improvement in Total Recordable Incident Rate and a 50% reduction in Lost Time Incident Rate compared to FY2023. The company also received the 2024 Military Friendly Employer and Military Friendly Spouse Employer awards.
Governance highlights include the addition of three new independent directors and enhanced board ESG training. The report, aligned with Global Reporting Initiative Standards, covers metrics in water use, waste management, energy usage, safety innovations, and information security.
REV Group (NYSE: REVG) reported first quarter 2025 results with net sales of $525.1 million, down from $586.0 million in Q1 2024. Excluding Bus Manufacturing Businesses impact, sales increased 3.1% year-over-year.
Q1 2025 net income was $18.2 million ($0.35 per diluted share), compared to $182.7 million in Q1 2024. Record first quarter Adjusted EBITDA reached $36.8 million, up 78.6% excluding Bus Manufacturing Businesses.
The Specialty Vehicles segment saw net sales of $370.2 million with increased fire apparatus shipments and favorable ambulance mix. The Recreational Vehicles segment reported $155.0 million in sales, down 8.5% due to decreased shipments.
The company repurchased 0.6 million shares for $19.2 million and maintained its quarterly dividend of $0.06 per share. Management reaffirmed its fiscal 2025 guidance.
REV Group (NYSE: REVG) has announced plans to release its first quarter fiscal 2025 financial results before market open on Wednesday, March 5, 2025. The company will host a live webcast at 10:00 a.m. ET on the same day to discuss the results.
Investors can access the webcast through www.revgroup.com, with presentation slides available before the call. For those preferring audio, the conference call can be accessed by dialing 1-877-407-9208 (domestic) or 1-201-493-6784 (international). A replay will be available until March 19, 2025, accessible via 1-844-512-2921 (domestic) or 1-412-317-6671 (international) using passcode 13751932.
REV Group (REVG) reported its fiscal 2024 Q4 and full-year results, with Q4 net sales of $597.9M and full-year sales of $2,380.2M. Q4 net income reached $41.7M ($0.80 per diluted share), while full-year net income was $257.6M ($4.72 per diluted share). The company's Q4 Adjusted EBITDA was $49.6M, with full-year Adjusted EBITDA at $162.8M.
The board approved a new $250M share repurchase authorization and increased the quarterly dividend by 20%. For fiscal 2025, REVG forecasts net sales between $2.3B-$2.4B and net income of $98M-$125M. The company's performance was marked by strong margins in Specialty Vehicles, offsetting challenges in Recreational Vehicles segment.
REV Group (NYSE: REVG) has announced it will release its fourth-quarter fiscal 2024 earnings on Wednesday, December 11, 2024, before market opening. The company will host a live webcast at 10:00 a.m. ET to discuss the results and provide an overview of business segments, transformation efforts, and strategic priorities, including updated three-year financial targets. The event will feature a detailed presentation and Q&A session. Investors can access the webcast through REV Group's website under the 'Investors' section, with dial-in options available for both domestic and international participants.
REV Group, Inc. (NYSE: REVG), a manufacturer of specialty vehicle brands, has completed the sale of ElDorado National (California), Inc. (ENC), its transit bus business, to Rivaz, Inc. for approximately $52 million. This move aligns with REV Group's earlier announced plans to exit the bus manufacturing business.
The company intends to use the net proceeds from the sale to pay down outstanding borrowings under its ABL credit facility. Mark Skonieczny, President and CEO of REV Group, expressed gratitude to ENC's customers, employees, and dealers for their support during the transition period, noting ENC's five-decade-long history in the mass transit industry.
REV Group, Inc. (NYSE: REVG), a leading designer and manufacturer of specialty vehicles, has announced the election of David C. Dauch as an independent member of its Board of Directors, effective October 11. Dauch, who serves as Chairman of the Board & CEO of American Axle & Manufacturing Holdings, Inc. (AAM), brings nearly four decades of automotive industry expertise to REV Group.
Board Chair Jean Marie (John) Canan expressed delight in welcoming Dauch, stating that his significant experience and insights will further REV Group's strategic and operational imperatives. Dauch's responsibilities at AAM include developing and implementing strategic objectives and overseeing operations across nearly 80 facilities in 18 countries. He also serves on several other boards and holds degrees from Miami University and Michigan State University.
REV Group (NYSE: REVG) has announced its participation in the Morgan Stanley 12th Annual Laguna Conference. The company's CFO, Amy Campbell, will take part in a fireside chat on Thursday, September 12, 2024, starting at 12:15 pm PDT. Investors and interested parties can access a live audio webcast of the event through the investor relations section of REV Group's official website at www.revgroup.com.
This conference participation provides an opportunity for REV Group to engage with investors and share insights about the company's performance and future prospects. The Morgan Stanley Laguna Conference is a significant event in the financial calendar, attracting various industry leaders and investors.
REV Group (NYSE: REVG) reported third quarter 2024 results with net sales of $579.4 million, a decrease from $680 million in the prior year. However, net income rose to $18 million from $14.9 million. Adjusted EBITDA increased to $45.2 million, up from $39.4 million. Excluding the divestiture of Collins Bus , Adjusted EBITDA jumped 49.7%. Adjusted Net Income also rose to $24.8 million from $20.9 million.
REV Group updated its fiscal 2024 outlook with expected net sales between $2.35-$2.45 billion and net income of $226-$240 million. Adjusted EBITDA is expected to be $155-$165 million with Adjusted Net Income of $76-$89 million.
In the Specialty Vehicles segment, net sales were $432.1 million and Adjusted EBITDA was $44.3 million, benefiting from higher fire apparatus and ambulance sales. The Recreational Vehicles segment saw a 31.3% decrease in net sales to $147.4 million, with Adjusted EBITDA at $9.4 million.
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