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. reported developments tied to its specialty vehicle and recreational vehicle manufacturing businesses, including operating results, segment performance, product demand, capital investment and brand activity. Its Specialty Vehicles segment provided customized vehicle solutions for public-service and commercial-infrastructure applications, including ambulances, fire apparatus, terminal trucks and industrial sweepers. Its Recreational Vehicles segment manufactured Class B vans, Class C/Super C motorhomes and Class A gas and diesel motor coaches through brands such as Fleetwood RV, Holiday Rambler, American Coach, Renegade RV and Midwest Automotive Designs.
Company updates also covered shareholder voting matters, governance, capital-structure actions, debt reduction, share repurchases, regular cash dividends and capacity investments such as Horton Emergency Vehicles manufacturing expansion. Later corporate-status disclosures addressed the removal and termination of registration of REV Group common stock.
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.
REV Group, Inc. (NYSE: REVG) announced that its President and CEO Rod Rushing, CFO Mark Skonieczny, and VP of Investor Relations Drew Konop will present at the Morgan Stanley Virtual Laguna Conference. The presentation is scheduled for 12:45 p.m. Eastern Time on September 13, 2021. Interested parties can access the live webcast through the investor relations section of the company’s website. An online replay will be available for 90 days after the presentation, with materials posted on their investor relations page.
REV Group (NYSE: REVG) and Lightning eMotors (NYSE: ZEV) have partnered to manufacture and deploy over 100 all-electric Type A school buses across the U.S. and Canada. This collaboration includes an initial order worth approximately $11 million over the next two years, with Lightning providing electric powertrains and charging infrastructure. The buses will feature advanced battery technology and V2G capabilities. Demand for zero-emission school buses is rising significantly, aided by upcoming infrastructure funding that includes $7.5 billion for electric vehicle charging.
REV Fire Group, part of REV Group (NYSE:REVG), announces the launch of the first fully electric North American-style fire apparatus. Developed with Emergency One Group LTD, this innovative truck features a 316 kW battery system, enabling prolonged electric operation for fire departments. It is designed to enhance sustainability while maintaining performance, including a backup diesel engine for extended operations. Customizable and built with locally sourced components, the new apparatus will be available for delivery in 2022 and is currently open for preorders.
Lightning eMotors (NYSE: ZEV) and Collins Bus, a subsidiary of REV Group (NYSE: REVG), have announced a partnership to manufacture over 100 all-electric Type A school buses for deployment across the U.S. and Canada. The deal includes an initial firm order worth approximately $11 million over the next two years, with Lightning providing powertrains and charging infrastructure. The school buses will feature advanced battery technology and capabilities, supporting both Level 2 AC and Level 3 DC Fast Charging. Production is underway, with deliveries expected this fall.
REV Group (NYSE: REVG) is set to release its third quarter 2021 financial results on September 8, 2021, before the market opens. The results will be presented in a live webcast starting at 10:00 a.m. ET on the same day. Investors can access the webcast at www.revgroup.com. Additionally, a telephonic replay will be available three hours post-call until September 22, 2021. REV Group specializes in designing and manufacturing specialty vehicles across various sectors, including emergency services, commercial needs, and recreational vehicles.