Rev Group Stock Price, News & Analysis

REV Group (NYSE: REVG) has delivered an all-electric ambulance to DocGo, a leader in last-mile medical services, marking a significant step towards sustainable healthcare solutions. Manufactured at Leader Emergency Vehicles in South El Monte, CA, this zero-emission ambulance promises to reduce transportation costs and environmental impact. The vehicle features advanced battery capacity, supporting various charging methods. This initiative aligns with DocGo's ambition to establish an all-electric fleet by 2032, with collaboration from Lightning eMotors to electrify the ambulance chassis.

REV Group (NYSE: REVG) will disclose its first quarter fiscal 2022 results on March 9, 2022, before market opening. Following this, a live webcast will occur at 10:00 a.m. ET. Investors can access the webcast via www.revgroup.com, with presentation slides available beforehand. A telephonic replay will be accessible three hours post-call, remaining available until March 23, 2022, at 11:59 p.m. ET.

Actor Ian Somerhalder has selected Fleetwood RV as his family's mobile home, traveling across the nation in a luxury Discovery LXE 40M model during 2022. As he promotes the recently launched Brother's Bond bourbon, he enjoys the flexibility of traveling in an RV. Fleetwood RV, a brand under REV Group (NYSE: REVG), is noted for its quality and family-friendly designs, essential for Somerhalder’s travels. The Discovery LXE model features numerous luxurious amenities, reinforcing Fleetwood's reputation in the RV market.

REV Group's subsidiary, ElDorado National (ENC), has secured its inaugural order of six Axess Battery Electric Buses (BEB) from First Transit for Emory University in Atlanta. This order marks an expansion of their partnership, enhancing the university's existing fleet of 36 low-floor shuttle buses. Incorporating Cummins' battery-electric system, the ENC Axess BEB aims to support Emory's sustainability goals as part of the Race to Zero initiative for carbon neutrality. The Axess BEB is designed for various transit applications, featuring flexible charging options and customizable configurations.

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.