REVG

REV Group Releases Its 2023 Sustainability Report

Retrieved on: 
Thursday, March 7, 2024

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.

Key Points: 
  • 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).
  • 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).
  • (Photo: Business Wire)
    REV’s 2023 Sustainability Report meets the requirements of the Global Reporting Initiative Standards, which is a standardized, internationally recognized framework that enhances the transparency and accountability of reporting.

REV Group, Inc. Reports Strong First Quarter Results, Provides Updated Fiscal 2024 Outlook

Retrieved on: 
Wednesday, March 6, 2024

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”).

Key Points: 
  • 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”).
  • Adjusted EBITDA in the first quarter 2024 was $30.5 million, compared to $21.3 million in the first quarter 2023.
  • Capital expenditures in the first quarter 2024 were $10.5 million compared to $3.8 million in the first quarter 2023.

Capacity Trucks Celebrates 50th Anniversary Milestone

Retrieved on: 
Monday, March 4, 2024

Capacity Trucks, a subsidiary of REV Group, Inc. (NYSE: REVG) and trusted yard truck manufacturer, is celebrating its 50th anniversary this year.

Key Points: 
  • Capacity Trucks, a subsidiary of REV Group, Inc. (NYSE: REVG) and trusted yard truck manufacturer, is celebrating its 50th anniversary this year.
  • View the full release here: https://www.businesswire.com/news/home/20240304368107/en/
    Capacity Trucks, a subsidiary of REV Group, Inc. (NYSE: REVG) and trusted yard truck manufacturer, is celebrating its 50th anniversary this year.
  • “Over the last 50 years, Capacity has become an industry leader in terminal trucks, recognized for its robust manufacturing, high level of customization and durable products,” said Wes Downing, vice president and general manager of Capacity.
  • Key moments include:
    1974 – The smallest Capacity Truck was built for Kennedy Airport, 48” tall and 66” WB
    1988 – Capacity moved to its current location at 401 Capacity Drive, Longview, Texas
    1991 – The largest Capacity Truck was built for Tofeco Oil Field Co., over 43” feet long
    Stay up to date on Capacity’s 50th anniversary celebration all year on its social media platforms:

REV Group to Release First Quarter 2024 Earnings on Wednesday, March 6, 2024

Retrieved on: 
Wednesday, February 21, 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.

Key Points: 
  • 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.
  • The conference call can also be accessed by dialing 1-877-407-9208 (domestic) or 1-201-493-6784 (international) and asking for the REV Group First Quarter Fiscal 2024 Earnings Conference Call.
  • The telephonic replay will be available until 11:59 pm (Eastern Time) on March 20, 2024.

REV Group, Inc. Announces Pricing of Upsized Secondary Offering of Common Stock and Concurrent Share Repurchase

Retrieved on: 
Thursday, February 15, 2024

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.

Key Points: 
  • 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.

REV Group, Inc. Announces Proposed Secondary Offering of Common Stock and Concurrent Share Repurchase

Retrieved on: 
Tuesday, February 13, 2024

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.

Key Points: 
  • 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.
  • 333-276009) relating to the shares of common stock of REV Group to be sold in the proposed offering was declared effective by the Securities and Exchange Commission (the “SEC”) on December 19, 2023.

REV Group, Inc. to Exit School and Transit Bus Manufacturing and Reorganize Into Two Reporting Segments; Announces a Special Cash Dividend

Retrieved on: 
Monday, January 29, 2024

“We have a long and successful history with Collins that dates back to the initial acquisition that started REV Group.

Key Points: 
  • “We have a long and successful history with Collins that dates back to the initial acquisition that started REV Group.
  • I would like to thank the Collins team members for their contributions to REV Group and wish them continued success,” stated Mark Skonieczny, President and CEO of REV Group.
  • REV Group will be reorganized into two reporting segments beginning with its first quarter fiscal 2024 results.
  • An audio replay of the call and related question and answer session will be available for 12 months at this website.

REV Group Announces Kathleen M. Steele as New Independent Board Member

Retrieved on: 
Wednesday, January 10, 2024

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.

Key Points: 
  • 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.
  • View the full release here: https://www.businesswire.com/news/home/20240110276577/en/
    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.
  • “On behalf of REV Group’s Board of Directors, I am pleased to welcome Kathleen to the Board, and thank Donn for his many years of dedication, advice and service,” said Board Chair Paul Bamatter.
  • “As a new member, Kathleen brings extensive investment management and financial leadership expertise to the company.

REV Group, Inc. Reports Strong Fiscal 2023 Fourth Quarter and Full Year Results, Provides Fiscal 2024 Full Year Guidance

Retrieved on: 
Wednesday, December 13, 2023

Adjusted EBITDA in the fourth quarter 2023 was $54.0 million, compared to $33.5 million in the fourth quarter 2022.

Key Points: 
  • Adjusted EBITDA in the fourth quarter 2023 was $54.0 million, compared to $33.5 million in the fourth quarter 2022.
  • F&E segment net sales were $339.1 million in the fourth quarter 2023, an increase of $86.1 million, from $253.0 million in the fourth quarter 2022.
  • Recreation segment net sales were $215.2 million in the fourth quarter 2023, a decrease of $44.9 million from $260.1 million in the fourth quarter 2022.
  • Capital expenditures in the fourth quarter 2023 were $13.1 million compared to $8.9 million in the fourth quarter 2022.

REV Group Recognized as 2024 Military Friendly® Employer

Retrieved on: 
Wednesday, November 22, 2023

REV Group, Inc. (NYSE: REVG), a leading manufacturer of specialty vehicles, has been named a 2024 Bronze Military Friendly Employer and Military Friendly Spouse Employer by VIQTORY, a veteran-owned military marketing company.

Key Points: 
  • REV Group, Inc. (NYSE: REVG), a leading manufacturer of specialty vehicles, has been named a 2024 Bronze Military Friendly Employer and Military Friendly Spouse Employer by VIQTORY, a veteran-owned military marketing company.
  • View the full release here: https://www.businesswire.com/news/home/20231122681469/en/
    REV Group has been recognized as a 2024 Bronze Military Friendly Employer.
  • “REV Group has a long history of supporting the military in each community our vehicles are made, so it’s an honor to be recognized,” said Mark Skonieczny, president and CEO, REV Group.
  • REV Group will be showcased in the 2024 Military Friendly® Employers in the Winter issue of G.I.