Rev Group Stock Price, News & Analysis

REV Recreation Group reported record sales at the 2022 Florida RV SuperShow held from January 19 to 23. The company showcased over 70 models across various brands including American Coach®, Fleetwood RV®, and Holiday Rambler®. Notably, Renegade RV achieved record sales with its luxury models. Fleetwood RV, Holiday Rambler, and American Coach sold over 100 units, marking a historic performance. Attendance surpassed 20,000 on opening day, highlighting strong consumer interest. This success may positively impact REV Group's stock performance.

REV Recreation Group, a leader in luxury RV manufacturing, has announced advancements in its 2022 models across brands like Fleetwood RV, American Coach, and Renegade RV. Notable features include a patent-pending dinette design, lithium battery technology, and innovative living areas tailored to customer needs. The company aims to enhance user experiences through cutting-edge technology while expanding its customer base in the recreational vehicle sector.

REV Group, Inc. (NYSE: REVG) reported fourth quarter net sales of $589.9 million, a 4.3% decline year-over-year. However, full year sales rose 4.5% to $2.38 billion. The fourth quarter net income stood at $0.0 million but adjusted net income increased to $17.9 million. Adjusted EBITDA also improved to $31.1 million for the quarter. The company declared a quarterly dividend of $0.05 per share and reported a record backlog of $3.1 billion.

Outlook for fiscal 2022 anticipates net sales between $2.3 and $2.55 billion.

REV Group, Inc. (NYSE: REVG) has announced key agreements to advance alternative fuel-powered ambulances in the U.S. and internationally. Major contracts include sales to American Medical Response (AMR), Qatar's Hamad Medical Corporation (HMC), and a modification of the U.S. General Services Administration (GSA) contract for electric ambulances. AMR has purchased five electric ambulances, with an option for 25 more, while HMC is testing a zero-emission ambulance. These initiatives align with REV's commitment to lead in electric ambulance technology.

REV Group (NYSE: REVG) plans to release its fourth quarter and full year fiscal 2021 results on December 15, 2021, before market open. A live webcast will follow at 10:00 a.m. ET on the same day for discussing these results. Investors can access the webcast on www.revgroup.com. A telephonic replay of the conference call will be available three hours after the call until 11:59 p.m. ET on December 29, 2021. REV Group specializes in manufacturing specialty vehicles across three segments: Fire & Emergency, Commercial, and Recreation.

REV Group, Inc. (NYSE: REVG) announced a presentation at the virtual Baird 2021 Global Industrial Conference on November 9, 2021, at 2:00 p.m. Eastern Time. President and CEO Rod Rushing, CFO Mark Skonieczny, and VP of Investor Relations Drew Konop will present. Investors can listen to the webcast via the company's investor relations website, and materials will be available for 90 days post-presentation. REV Group specializes in manufacturing specialty vehicles and aftermarket parts across three segments: Fire & Emergency, Commercial, and Recreation.

REV Group announces the construction of an all-electric E-ONE Vector fire truck for the Mesa Fire and Medical Department in Mesa, AZ. The Vector features the longest electric pumping duration, enabling the use of four hose lines for four hours on a single charge. This initiative aligns with Mesa's Climate Action Plan aimed at achieving carbon neutrality by 2050, showcasing REV's commitment to innovative, environmentally friendly solutions. The delivery of this electric fire truck is expected in 2022, marking a significant step in the company's product offerings.

ElDorado National (California), a subsidiary of REV Group, announced the launch of its fully electric Axess bus at the APTA Expo from November 8-10, 2021. This bus is a remarkable achievement in zero-emissions technology, featuring a zero-corrosion 304-grade stainless steel structure and multiple configurations in lengths of 40’, 35’, and 32’. Safety features include 3-point passenger seat belts and enhanced driver visibility. The Axess is designed for various high-demand applications, marking a significant advancement in emission-free public transportation solutions.

REV Group reported third-quarter 2021 net sales of $593.3 million, a 1.9% increase from the prior year. Net income stood at $23.7 million, reversing a net loss of $3.6 million in Q3 2020. Adjusted EBITDA rose to $41.6 million, compared to $21.4 million in the same quarter last year. The company announced a $150 million share repurchase program and reported a record backlog of $2.7 billion due to strong order intake across all segments. Additionally, REV updated its fiscal year 2021 guidance, projecting net sales between $2.3 billion and $2.45 billion.