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REV Group, Inc. - REVG STOCK NEWS

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.

REV Group, Inc. (symbol: REVG) is a prominent United States-based designer, manufacturer, and distributor of specialty vehicles and related aftermarket parts and services. The company is renowned for its role in providing customized vehicle solutions across various applications, including essential services, industrial and commercial needs, and consumer leisure.

Core Business and Operations:

REV Group is structured into three primary operating segments:

  • Fire & Emergency: The largest revenue-generating segment, encompassing the manufacturing of fire apparatus and ambulance products that are critical for municipal and government emergency services.
  • Commercial: This segment focuses on producing vehicles used for industrial and commercial purposes, such as small buses, terminal trucks, and street sweepers.
  • Recreation: Known for its leading position in the recreational vehicle market, REV Group caters to consumers seeking leisure and travel solutions.

The company's products are marketed to a wide array of clients, including municipalities, government agencies, private contractors, consumers, and industrial and commercial end-users. With a robust manufacturing footprint, REV Group operates 14 world-class facilities in North America and boasts a workforce of over 4,500 dedicated associates.

Recent Achievements and Current Projects:

REV Group manufactures more than 16,000 specialty vehicles annually, and its portfolio includes brands with over 60 years of proven history. The company is committed to supporting over 300,000 of its vehicles that are in daily use, ensuring they deliver performance, durability, and innovation. Partnerships with industry-leading dealers help REV Group provide an unparalleled ownership experience to its customers.

Financial Condition and Market Presence:

REV Group's financial health is bolstered by a diversified revenue stream, with significant income derived from the Fire & Emergency segment. The company operates not only in the United States but also in Canada and various international markets, emphasizing its global reach and impact.

Partnerships and Products:

REV Group's partnerships with top dealers and the continuous drive for innovation make it a formidable player in the specialty vehicle market. The company's range of products is extensive, catering to essential services, industrial needs, and consumer leisure, highlighting its versatility and commitment to meeting diverse market demands.

News

Jay Leno’s Garage Features the Vector, REV Group’s All-Electric Fire Truck; Episode to Air on April 15

Rhea-AI Summary
REV Specialty Vehicles Segment to Showcase All-Electric Fire Truck 'Vector' on 'Jay Leno's Garage'
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REV Group, Inc. Announces Pricing of Secondary Offering of Common Stock

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REV Group, Inc. (REVG) announces the pricing of a secondary public offering of 7,395,191 shares of common stock by Selling Stockholders at $18.00 per share. The Company will not receive proceeds from the sale, with the Offering expected to close on March 15, 2024. Goldman Sachs & Morgan Stanley are the joint book-running managers for the Offering.
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REV Group, Inc. Announces Launch of Secondary Offering of Common Stock

Rhea-AI Summary
REV Group, Inc. (NYSE:REVG) announces a secondary public offering of 7,395,191 shares of common stock by Selling Stockholders. The Company will not receive proceeds from the sale. Goldman Sachs & Morgan Stanley are joint book-running managers. The Offering is subject to market conditions and an effective shelf registration statement.
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REV Group Releases Its 2023 Sustainability Report

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REV Group, Inc. (NYSE: REVG) has released its fifth annual corporate responsibility report, focusing on Environmental, Social, and Corporate Governance (ESG) performance for fiscal year 2023. The report highlights REV's commitment to sustainability, diversity, and shareholder value.
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REV Group, Inc. Reports Strong First Quarter Results, Provides Updated Fiscal 2024 Outlook

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REV Group, Inc. (REVG) reported first quarter net sales of $586.0 million, net income of $182.7 million, and Adjusted EBITDA of $30.5 million. The company adjusted its full-year fiscal 2024 outlook, showing growth in various financial metrics. REV Group completed the sale of Collins Bus Corporation and announced the discontinuation of manufacturing operations at its ElDorado National facility. The company also made strategic capital allocation actions, optimizing its product portfolio and returning cash to shareholders.
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Capacity Trucks Celebrates 50th Anniversary Milestone

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Capacity Trucks, a subsidiary of REV Group, Inc., is celebrating its 50th anniversary as a leader in the terminal trucks industry. The company, founded in 1974 and headquartered in Longview, TX, has achieved significant milestones over the years, including innovative product developments and industry firsts.
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REV Group to Release First Quarter 2024 Earnings on Wednesday, March 6, 2024

Rhea-AI Summary
REV Group, Inc. (REVG) plans to release its first quarter fiscal 2024 results on March 6, 2024, followed by a live webcast. Investors can access the webcast on www.revgroup.com and the conference call by dialing specific numbers. A telephonic replay will be available for a limited time.
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REV Group, Inc. Announces Pricing of Upsized Secondary Offering of Common Stock and Concurrent Share Repurchase

Rhea-AI Summary
REV Group, Inc. (NYSE:REVG) announces the pricing of an upsized underwritten public offering of 16,000,000 shares of common stock at $16.50 per share. Selling stockholders are offering the shares, with an option for underwriters to purchase additional shares. REV Group will not receive any proceeds from the offering.
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REV Group, Inc. Announces Proposed Secondary Offering of Common Stock and Concurrent Share Repurchase

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REV Group, Inc. (REVG) announced a public offering of 12,000,000 shares of common stock by certain selling stockholders. The company is not selling any shares in the offering. Baird, Goldman Sachs & Co. LLC, and Morgan Stanley are the joint book-running managers. REV Group plans to repurchase 6,000,000 shares from the underwriters using cash on hand and borrowings.
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REV Group, Inc. to Exit School and Transit Bus Manufacturing and Reorganize Into Two Reporting Segments; Announces a Special Cash Dividend

Rhea-AI Summary
REV Group, Inc. (NYSE: REVG) has completed the sale of its school bus business, Collins Bus Corporation, to Forest River Bus, LLC for $303.0 million in cash. The company will also be exiting transit bus manufacturing by winding down operations at its ElDorado National-California business. REV Group expects to generate at least $250 million in net cash proceeds from these strategic actions, using it to return approximately $180 million of cash to shareholders in the form of a special cash dividend and the remainder to pay down debt under its ABL credit facility. The company will be reorganized into two reporting segments, creating a more focused operating structure that provides opportunities for growth, consistent cash generation, and improved margin performance.
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FAQ

What is the current stock price of REV Group (REVG)?

The current stock price of REV Group (REVG) is $29.21 as of November 20, 2024.

What is the market cap of REV Group (REVG)?

The market cap of REV Group (REVG) is approximately 1.5B.

What does REV Group, Inc. specialize in?

REV Group specializes in designing, manufacturing, and distributing specialty vehicles for essential services, industrial applications, and consumer leisure.

What are the main operating segments of REV Group?

REV Group's primary operating segments are Fire & Emergency, Commercial, and Recreation.

Who are REV Group’s main customers?

REV Group's customers include municipalities, government agencies, private contractors, consumers, and industrial and commercial end-users.

Where does REV Group operate?

REV Group operates primarily in the United States but also has a presence in Canada and other international markets.

How many vehicles does REV Group manufacture annually?

REV Group manufactures over 16,000 specialty vehicles each year.

What is the largest revenue-generating segment for REV Group?

The Fire & Emergency segment is the largest revenue-generating segment, encompassing fire apparatus and ambulance products.

How many manufacturing facilities does REV Group have?

REV Group operates 14 world-class manufacturing facilities.

How many employees work at REV Group?

REV Group employs over 4,500 dedicated associates.

What is the history behind REV Group's brands?

REV Group's brands represent industry innovators and iconic names with over 60 years of proven history.

How does REV Group support its vehicles in use?

REV Group is committed to supporting over 300,000 of its vehicles in daily use, ensuring they deliver performance, durability, and innovation.

Stock REVG logo
REV Group, Inc.

NYSE:REVG

REVG Rankings

#2225 Ranked by Market Cap
#1944 Ranked by Dividends

REVG Stock Data

1.48B
50.73M
2.37%
103.1%
5.45%
Farm & Heavy Construction Machinery
Motor Vehicles & Passenger Car Bodies
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United States of America
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