Articles from REV Group, Inc.
REV Group, Inc. Reports Strong Fiscal 2024 Fourth Quarter and Full Year Results
REV Group, Inc. (NYSE: REVG) today reported results for the three months ended October 31, 2024 (“fourth quarter 2024”). Consolidated net sales in the fourth quarter 2024 were $597.9 million, compared to $693.3 million for the three months ended October 31, 2023 (“fourth quarter 2023”). Net sales for the fourth quarter 2023 included $54.2 million attributable to Collins Bus Corporation (“Collins”) which was divested on January 26, 2024. Excluding the impact of the Collins divestiture, net sales decreased $41.2 million, or 6.4% compared to the prior year quarter. The decrease, excluding the impact of Collins, was primarily due to lower net sales in the Recreational Vehicles segment, partially offset by higher net sales in the Specialty Vehicles segment.
By REV Group, Inc. · Via Business Wire · December 11, 2024
REV Group to Release Fourth Quarter 2024 Earnings and Host 2024 Investor Day on Wednesday, December 11, 2024
REV Group, Inc. (NYSE: REVG) announced that it will release its fourth-quarter fiscal 2024 financial results on Wednesday, December 11, 2024, prior to the market opening. The results will be discussed during a live webcast later that morning, beginning at 10:00 a.m. ET. During the webcast, members of REV Group’s leadership team will also provide an overview of the company’s business segments, recent transformation efforts, and strategic priorities along with updated three-year financial targets. The event will include a detailed presentation and a Q&A session, offering insights into the company's operations and growth plans. Access to the live webcast and presentation materials will be available directly on the REV Group website, www.revgroup.com, under the "Investors" section and subheading "Events.”
By REV Group, Inc. · Via Business Wire · November 22, 2024
REV Group Completes Sale of ENC, its Transit Bus Business
REV Group, Inc. (NYSE: REVG), a manufacturer of industry-leading specialty vehicle brands, announced plans earlier this year to exit the bus manufacturing business and today reports the finalized sale of ElDorado National (California), Inc. (ENC) to Rivaz, Inc. for a purchase price of approximately $52 million. REV Group intends to use the net proceeds from the sale to pay down outstanding borrowings under the company’s ABL credit facility.
By REV Group, Inc. · Via Business Wire · October 18, 2024
Automotive Industry Veteran David C. Dauch Joins REV Group’s Board of Directors
REV Group, Inc. (NYSE: REVG), a leading designer and manufacturer of specialty vehicles, announces that David C. Dauch has been elected as an independent member of its Board of Directors, effective from Friday, October 11.
By REV Group, Inc. · Via Business Wire · October 14, 2024
REV Group to Participate in the Morgan Stanley 12th Annual Laguna Conference
REV Group, Inc. (NYSE: REVG), today announced Amy Campbell, CFO, will participate in a fireside chat at the Morgan Stanley 12th Annual Laguna Conference on Thursday, September 12, 2024. The event is scheduled to begin at 12:15 pm PDT. A live audio webcast can be accessed through the investor relations section of the company's website at www.revgroup.com.
By REV Group, Inc. · Via Business Wire · September 5, 2024
REV Group, Inc. Reports Strong Third Quarter Results, Updates Fiscal 2024 Outlook
REV Group, Inc. (NYSE: REVG) (the “company”), a manufacturer of industry-leading specialty and recreational vehicles, today reported results for the three months ended July 31, 2024 (“third quarter 2024”). Consolidated net sales in the third quarter 2024 were $579.4 million, compared to $680.0 million for the three months ended July 31, 2023 (“third quarter 2023”). Net sales for the third quarter 2023 included $45.9 million attributable to Collins. Excluding the impact of the Collins divestiture, net sales decreased $54.7 million, or 8.6% compared to the prior year quarter. The decrease, excluding the impact of Collins, was primarily due to lower net sales in the Recreational Vehicles segment, partially offset by higher net sales in the Specialty Vehicles segment.
By REV Group, Inc. · Via Business Wire · September 4, 2024
REV Group to Release Third Quarter 2024 Earnings on Wednesday, September 4, 2024
REV Group, Inc. (NYSE: REVG), today announced that it is planning to release its third quarter fiscal 2024 results before the market open on Wednesday, September 4, 2024. The results will be discussed during a live webcast later that morning on September 4, 2024, beginning at 10:00 a.m. ET. To access the webcast, investors should go to www.revgroup.com at least 15 minutes prior to the event. Slides for the webcast will be available on the website before the start of the call.
By REV Group, Inc. · Via Business Wire · August 19, 2024
REV Group to Present at the 14th Annual East Coast IDEAS Investor Conference on June 12th in New York
REV Group, Inc. (NYSE: REVG), today announced Mark Skonieczny, President and CEO, and Amy Campbell, CFO, will present at the East Coast IDEAS Investor Conference on Wednesday, June 12, 2024 at Jay Conference – Bryant Park in New York, NY. The company’s presentation is scheduled to begin at 11:30 am ET. The presentation will be webcast and can be accessed through the conference host’s main website at www.threepartadvisors.com/east-coast and in the investor relations section of the company's website at www.revgroup.com.
By REV Group, Inc. · Via Business Wire · June 6, 2024
REV Group, Inc. Reports Strong Second Quarter Results, Updates Fiscal 2024 Outlook
REV Group, Inc. (NYSE: REVG) (the “company”), a manufacturer of industry-leading specialty and recreational vehicles, today reported results for the three months ended April 30, 2024 (“second quarter 2024”). Consolidated net sales in the second quarter 2024 were $616.9 million, compared to $681.2 million for the three months ended April 30, 2023 (“second quarter 2023”). Net sales for the second quarter 2023 included $46.9 million attributable to Collins. Excluding the impact of the Collins divestiture, net sales decreased $17.4 million, or 2.7% compared to the prior year quarter. The decrease was primarily due to lower net sales in the Recreational Vehicles segment, partially offset by higher net sales in the Specialty Vehicles segment.
By REV Group, Inc. · Via Business Wire · June 5, 2024
REV Group Welcomes Cynthia Augustine to its Board of Directors
REV Group, Inc. (NYSE:REVG), a leading designer and manufacturer of specialty vehicles, announces today that Cynthia (Cindy) Augustine has been elected as an independent member of its Board of Directors, effective immediately.
By REV Group, Inc. · Via Business Wire · May 30, 2024
REV Group to Release Second Quarter 2024 Earnings on Wednesday, June 5, 2024
REV Group, Inc. (NYSE: REVG), today announced that it is planning to release its second quarter fiscal 2024 results before market open on Wednesday, June 5, 2024. The results will be discussed during a live webcast later that morning on June 5, 2024, beginning at 10:00 a.m. ET. To access the webcast, investors should go to www.revgroup.com at least 15 minutes prior to the event. Slides for the webcast will be available on the website before the start of the call.
By REV Group, Inc. · Via Business Wire · May 16, 2024
REV Group Appoints New Chief Financial Officer
REV Group, Inc. (NYSE:REVG), a leading manufacturer of specialty vehicles, announces Amy Campbell has joined the company as Chief Financial Officer, effective today. Campbell sits on REV’s executive leadership team and reports to CEO and President Mark Skonieczny.
By REV Group, Inc. · Via Business Wire · April 15, 2024
Jay Leno’s Garage Features the Vector, REV Group’s All-Electric Fire Truck; Episode to Air on April 15
REV Specialty Vehicles Segment, which includes fire apparatus brands E-ONE®, KME®, Ferrara™, Spartan Fire Chassis™, Spartan Emergency Response®, Smeal™, and Ladder Tower™, announces the Vector™, its all-electric North American-style fire truck, will feature on the April 15 episode of the award-winning series “Jay Leno’s Garage.” REV Specialty Vehicles President Mike Virnig is the Vector spokesperson, interviewed by Jay Leno.
By REV Group, Inc. · Via Business Wire · April 10, 2024
REV Group, Inc. Announces Pricing of Secondary Offering of Common Stock
REV Group, Inc. (NYSE:REVG) (the “Company”) announced today the pricing of the previously announced underwritten secondary public offering of 7,395,191 shares of the Company’s common stock (the “Offering”) by American Industrial Partners Capital Fund IV, LP and American Industrial Partners Capital Fund IV (Parallel), LP (the “Selling Stockholders”) at an offering price of $18.00 per share.
By REV Group, Inc. · Via Business Wire · March 13, 2024
REV Group, Inc. Announces Launch of Secondary Offering of Common Stock
REV Group, Inc. (NYSE:REVG) (the “Company”) announced today the launch of an underwritten secondary public offering of 7,395,191 shares of the Company’s common stock (the “Offering”) by American Industrial Partners Capital Fund IV, LP and American Industrial Partners Capital Fund IV (Parallel), LP (the “Selling Stockholders”).
By REV Group, Inc. · Via Business Wire · March 13, 2024
REV Group Releases Its 2023 Sustainability Report
REV Group, Inc. (NYSE: REVG), whose subsidiaries are leading manufacturers of specialty vehicles including fire trucks and RVs, has published its fifth annual corporate responsibility report. The 41-page 2023 Corporate Sustainability Report focuses on REV Group’s Environmental, Social and Corporate Governance (ESG) performance and progress for fiscal year 2023 (November 1, 2022 to October 31, 2023).
By REV Group, Inc. · Via Business Wire · March 7, 2024
REV Group, Inc. Reports Strong First Quarter Results, Provides Updated Fiscal 2024 Outlook
REV Group, Inc. (NYSE: REVG) (the “company”), a manufacturer of industry-leading specialty and recreational vehicles, today reported results for the three months ended January 31, 2024 (“first quarter 2024”). Consolidated net sales in the first quarter 2024 were $586.0 million, representing an increase of 0.4% compared to $583.5 million for the three months ended January 31, 2023 (“first quarter 2023”). The increase in consolidated net sales was primarily due to higher net sales, including price realization, within the Specialty Vehicles segment, partially offset by lower net sales in the Recreational Vehicles segment.
By REV Group, Inc. · Via Business Wire · March 6, 2024
Capacity Trucks Celebrates 50th Anniversary Milestone
Capacity Trucks, a subsidiary of REV Group, Inc. (NYSE: REVG) and trusted yard truck manufacturer, is celebrating its 50th anniversary this year. Founded in 1974, the company is headquartered in Longview, TX and is a leader and innovator in the terminal trucks industry.
By REV Group, Inc. · Via Business Wire · March 4, 2024
REV Group to Release First Quarter 2024 Earnings on Wednesday, March 6, 2024
REV Group, Inc. (NYSE: REVG), today announced that it is planning to release its first quarter fiscal 2024 results before market open on Wednesday, March 6, 2024. The results will be discussed during a live webcast later that morning on March 6, 2024, beginning at 10:00 a.m. ET. To access the webcast, investors should go to www.revgroup.com at least 15 minutes prior to the event. Slides for the webcast will be available on the website before the start of the call.
By REV Group, Inc. · Via Business Wire · February 21, 2024
REV Group, Inc. Announces Pricing of Upsized Secondary Offering of Common Stock and Concurrent Share Repurchase
REV Group, Inc. (NYSE:REVG) announced today the pricing of the previously announced underwritten public offering, which has been upsized to 16,000,000 shares of common stock by certain selling stockholders at the public offering price of $16.50 per share. In connection with the offering, the selling stockholders have granted the underwriters an option to purchase up to 2,400,000 additional shares of common stock from the selling stockholders. REV Group is not selling any shares of common stock in the offering, and REV Group will not receive any proceeds from the offering by the selling stockholders. The offering is expected to close on or about February 20, 2024, subject to customary closing conditions.
By REV Group, Inc. · Via Business Wire · February 14, 2024
REV Group, Inc. Announces Proposed Secondary Offering of Common Stock and Concurrent Share Repurchase
REV Group, Inc. (NYSE:REVG) announced today the commencement of an underwritten public offering of 12,000,000 shares of common stock by certain selling stockholders. In connection with the offering, the selling stockholders intend to grant the underwriters an option to purchase up to 1,800,000 additional shares of common stock from the selling stockholders. REV Group is not selling any shares of common stock in the offering, and REV Group will not receive any proceeds from the offering by the selling stockholders. The proposed offering is subject to market and other conditions, as well as customary closing conditions.
By REV Group, Inc. · Via Business Wire · February 13, 2024
REV Group, Inc. to Exit School and Transit Bus Manufacturing and Reorganize Into Two Reporting Segments; Announces a Special Cash Dividend
REV Group, Inc. (NYSE: REVG), a manufacturer of industry-leading specialty vehicle brands, announced today a series of strategic actions aimed at optimizing its product portfolio and balance sheet. Effective January 26th, 2024, the company has completed the sale of its school bus business, Collins Bus Corporation (“Collins”), to Forest River Bus, LLC for a purchase price of $303.0 million in cash, subject to certain customary adjustments.
By REV Group, Inc. · Via Business Wire · January 29, 2024
E-ONE Celebrates 50 Years of Fire Industry Leadership and Innovation
E-ONE, a subsidiary of REV Group Inc., and a leading manufacturer of fire apparatus, is marking its milestone 50th anniversary in 2024 with a year-long celebration that will include honoring longtime customers and employees, special events showcasing new deliveries of fire trucks and the unveiling of a new fire truck badge, commemorative challenge coin and more.
By REV Group, Inc. · Via Business Wire · January 16, 2024
REV Group Announces Kathleen M. Steele as New Independent Board Member
REV Group, Inc. (NYSE:REVG), a leading manufacturer of specialty vehicles, announced today that Kathleen M. Steele has been appointed as an independent member of its Board of Directors, effective immediately. Steele’s appointment is in anticipation of Donn Viola’s retirement at this year’s Annual Meeting of Stockholders in February.
By REV Group, Inc. · Via Business Wire · January 10, 2024
Mesa Unveils Arizona’s First All-Electric North American Style Fire Truck by E-ONE
Mesa’s all-electric fire truck is officially in service. The pumper truck, stationed at Fire Station 221 in southeast Mesa, will reduce toxin exposure for firefighters as part of the Mesa Fire and Medical Department’s commitment to implementing cutting-edge health and safety practices. The truck, manufactured by E-ONE®, a subsidiary of REV Group, Inc., is the first fully electric fire North American style engine in Arizona and will support the City of Mesa’s Climate Action Plan and goal of achieving carbon neutrality by 2050 by helping to reduce the department’s carbon footprint.
By REV Group, Inc. · Via Business Wire · January 4, 2024