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.
Lightning eMotors (NYSE: ZEV) and Collins Bus, a subsidiary of REV Group (NYSE: REVG), have announced a partnership to manufacture over 100 all-electric Type A school buses for deployment across the U.S. and Canada. The deal includes an initial firm order worth approximately $11 million over the next two years, with Lightning providing powertrains and charging infrastructure. The school buses will feature advanced battery technology and capabilities, supporting both Level 2 AC and Level 3 DC Fast Charging. Production is underway, with deliveries expected this fall.
REV Group (NYSE: REVG) is set to release its third quarter 2021 financial results on September 8, 2021, before the market opens. The results will be presented in a live webcast starting at 10:00 a.m. ET on the same day. Investors can access the webcast at www.revgroup.com. Additionally, a telephonic replay will be available three hours post-call until September 22, 2021. REV Group specializes in designing and manufacturing specialty vehicles across various sectors, including emergency services, commercial needs, and recreational vehicles.
REV Group, a leader in specialty vehicle manufacturing, announced that its President and CEO, Rod Rushing, along with CFO Mark Skonieczny and VP Drew Konop, will present at the Jefferies 2021 Virtual Industrials Conference on August 3, 2021, at 9:30 a.m. ET. The presentation will be available for live streaming on the company's investor relations website. A replay will be accessible for 90 days following the event. REV Group operates in three segments: Fire & Emergency, Commercial, and Recreation, serving a diversified customer base with a robust portfolio of established vehicle brands.
REV Group (NYSE:REVG) announced the pricing of a public offering of 5,500,000 shares of common stock by certain selling stockholders at $15.50 per share. Additionally, underwriters have an option to purchase 825,000 more shares. REV Group will not issue any shares or receive proceeds from this offering. The offering is expected to close around June 15, 2021. Goldman Sachs, Morgan Stanley, and other financial institutions are leading the offering, with a registration statement filed with the SEC.
REV Group, Inc. (NYSE:REVG) has initiated an underwritten public offering of 7,500,000 shares of common stock by selling stockholders, with an additional option for underwriters to purchase up to 1,125,000 more shares. REV Group will not sell shares nor receive proceeds from this offering. The offering depends on market conditions. Goldman Sachs & Co. LLC and Morgan Stanley are the joint book-running managers. The SEC has declared the related registration statement effective, and details can be found in the preliminary prospectus filed with the SEC.
REV Group, Inc. (NYSE: REVG) reported second quarter 2021 net sales of $643.6 million, up 17.7% from $547.0 million in Q2 2020. Net income reached $20.6 million ($0.31 per diluted share), with adjusted net income at $25.7 million ($0.39 per diluted share), compared to a loss of $5.8 million last year. Adjusted EBITDA surged to $45.5 million from $7.6 million. The F&E segment showed a 6.3% sales rise, while recreation saw a remarkable 108.7% growth. Full-year guidance was raised, with anticipated net sales between $2.45 billion and $2.6 billion.
The Stark Area Regional Transit Authority (SARTA) has resumed its Borrow a Bus (BaB) Zero-Emissions Tour across California, starting June 4, 2021. This tour features a hydrogen fuel cell bus designed to showcase the benefits of hydrogen fuel technology. Supported by industry leaders, including ElDorado National California and Ballard Power Systems, the initiative aims to educate the public and policymakers about hydrogen's potential in transforming transportation. The tour includes multiple stops, where transit managers will gather data on the bus's performance, reliability, and environmental impact.
REV Group's subsidiary, ElDorado National California, has secured a contract with the San Francisco Municipal Transportation Agency (SFMTA) to supply 30 hybrid-electric E-Z Rider II buses for the Muni service. This partnership aims to enhance service reliability and reduce emissions in San Francisco's transit system. The buses will utilize the advanced Allison Hybrid EP™ system, significantly lowering diesel consumption and CO2 emissions. This contract marks a strategic entry for ElDorado into a crucial market, reflecting ongoing modernization efforts in public transit.
REV Group (NYSE: REVG) will release its second quarter 2021 results on June 7, 2021, after market close. A live webcast to discuss the results is scheduled for June 8, 2021, at 10:00 a.m. ET. Investors can access the webcast through www.revgroup.com. The conference call can also be accessed via phone at 1-877-407-3982 (domestic) or 1-201-493-6780 (international). A replay will be available after the call until June 22, 2021. REV Group specializes in designing and manufacturing specialty vehicles across various sectors.
FAQ
What is the current stock price of Rev Group (REVG)?
What is the market cap of Rev Group (REVG)?
What are the primary business segments of REV Group?
How does REV Group generate its revenue?
What differentiates REV Group from its competitors?
In which markets does REV Group operate?
What is the significance of the company's restructuring into two segments?
How does REV Group ensure the quality and performance of its vehicles?
What role do the company's partnerships play in its business model?
