STOCK TITAN
  1. Home
  2. News
  3. REVG

REV Group Inc - REVG STOCK NEWS

Welcome to our dedicated news page for REV Group (Ticker: REVG), a resource for investors and traders seeking the latest updates and insights on REV Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect REV Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of REV Group's position in the market.

News
REV Group, Inc. to Exit School and Transit Bus Manufacturing and Reorganize Into Two Reporting Segments; Announces a Special Cash Dividend
Rhea-AI Summary
REV Group, Inc. (NYSE: REVG) has completed the sale of its school bus business, Collins Bus Corporation, to Forest River Bus, LLC for $303.0 million in cash. The company will also be exiting transit bus manufacturing by winding down operations at its ElDorado National-California business. REV Group expects to generate at least $250 million in net cash proceeds from these strategic actions, using it to return approximately $180 million of cash to shareholders in the form of a special cash dividend and the remainder to pay down debt under its ABL credit facility. The company will be reorganized into two reporting segments, creating a more focused operating structure that provides opportunities for growth, consistent cash generation, and improved margin performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.54%
Tags
dividends
-
News
E-ONE Celebrates 50 Years of Fire Industry Leadership and Innovation
Rhea-AI Summary
E-ONE, a subsidiary of REV Group Inc., is celebrating its 50th anniversary in 2024 with a year-long celebration, including honoring customers and employees, special events, and the unveiling of a new fire truck badge and commemorative challenge coin. The company has a rich history of pioneering innovation in the fire industry and has achieved significant milestones over the past 50 years, growing from 25 employees to over 1,000.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.11%
Tags
none
-
News
REV Group Announces Kathleen M. Steele as New Independent Board Member
Rhea-AI Summary
REV Group, a leading manufacturer of specialty vehicles, appoints Kathleen M. Steele as an independent member of its Board of Directors, effective immediately. Steele brings extensive investment management and financial leadership expertise to the company, with a background in private investment firms and investment banking. Her appointment is in anticipation of Donn Viola's retirement at this year's Annual Meeting of Stockholders in February. Steele's broad experience is expected to drive value creation for REV Group. (NYSE:REVG)
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.69%
Tags
management
News
Mesa Unveils Arizona’s First All-Electric North American Style Fire Truck by E-ONE
Rhea-AI Summary
Mesa's all-electric fire truck, manufactured by E-ONE®, a subsidiary of REV Group, Inc. and stationed at Fire Station 221 in southeast Mesa, is the first fully electric fire North American style engine in Arizona. The truck will reduce toxin exposure for firefighters, support the City of Mesa's Climate Action Plan, and help achieve carbon neutrality by 2050. It excels at sustainability and performance with low to no carbon emissions, less noise pollution, range extension for prolonged power needs, and life-long batteries. The new fire truck can pump four hose lines at 750 gallons per minute for four hours on a single charge, with the station equipped with an electrical charger capable of fully recharging the fire truck in approximately 3 and a half hours. Funding for Mesa's all-electric fire truck is from 2018 bonds approved by voters and the City's General Fund.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.05%
Tags
none
-
News
REV Group, Inc. Reports Strong Fiscal 2023 Fourth Quarter and Full Year Results, Provides Fiscal 2024 Full Year Guidance
Rhea-AI Summary
REV Group, Inc. (NYSE: REVG) reported fourth quarter net sales of $693.3 million, up 11.2% from the previous year, and full year net sales of $2,638.0 million, up 13.1% from the previous year. Net income for the fourth quarter was $29.7 million, and for the full year was $45.3 million. Adjusted EBITDA for the fourth quarter was $54.0 million, and for the full year was $156.6 million. The company's cash provided by operating activities for the full year was $126.5 million, with a year-end Net Debt of $128.7 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.91%
Tags
earnings
-
News
Fleetwood Family of Brands Introduces the Xcursion & Xpedition Class B Motorhomes
Rhea-AI Summary
Fleetwood Family of brands (Fleetwood RV) proudly announces the launch of the Fleetwood® Xcursion™ and Holiday Rambler® Xpedition™ Class B Motorhomes. These new products are designed to set a new standard for outdoor adventure enthusiasts and provide exceptional versatility intended to meet the diverse needs of its customers. The Xcursion and Xpedition showcase meticulous attention to detail, offering unique and optimized living experiences. The products build on the Fleetwood Family’s 75-year legacy of excellence and empower travelers to choose the floorplan that best suits their individual preferences and travel style.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.49%
Tags
none
News
REV Group Recognized as 2024 Military Friendly® Employer
Rhea-AI Summary
REV Group, Inc. (REVG) has been recognized as a 2024 Bronze Military Friendly Employer and Military Friendly Spouse Employer by VIQTORY, a veteran-owned military marketing company. This marks the first year REV Group has been recognized for demonstrating its commitment to the military community and providing a positive work environment for military Veterans. REV Group is a leading manufacturer of specialty vehicles, including fire apparatus, ambulances, school buses, and recreational vehicles. The company hires an average of 120-140 active duty or military Veterans each year, showcasing its dedication to supporting the military community.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.2%
Tags
none
-
News
REV Group to Release Fourth Quarter 2023 Earnings on Wednesday, December 13, 2023
Rhea-AI Summary
REV Group, Inc. (REVG) plans to release its Q4 fiscal 2023 results on December 13, 2023, followed by a live webcast at 10:00 a.m. ET. Investors can access the webcast on www.revgroup.com and the conference call by dialing 1-877-407-9208 (domestic) or 1-201-493-6784 (international). A telephonic replay will be available until December 27, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.2%
Tags
earnings
-
News
REV Group to Present at Baird’s 2023 Global Industrials Conference
Rhea-AI Summary
REV Group, Inc. (NYSE:REVG) will participate in the Baird 2023 Global Industrials Conference in Chicago, IL on November 7, 2023. Mark Skonieczny, president and CEO, and Drew Konop, VP Investor Relations & Corporate FP&A, will be present. The presentation will be available on the REV Group investor website at investors.revgroup.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.37%
Tags
conferences
News
REV Group Appoints Stephen Zamansky as Senior Vice President and General Counsel
Rhea-AI Summary
REV Group, Inc. (NYSE:REVG) has appointed Stephen Zamansky as senior vice president/general counsel. Zamansky will be responsible for legal, compliance, and governance functions. He previously served in similar roles at Cooper Tire & Rubber Co., Essar Minerals Americas Inc., Titan Energy Partners, and DSL.net, Inc. Zamansky's appointment is seen as a milestone for REV Group, and he will report to Mark Skonieczny, president and CEO.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.25%
Tags
management
Stock REVG logo
REV Group Inc

NYSE:REVG

REVG Rankings

#2329 Ranked by Market Cap
#1705 Ranked by Stock Gains
#1842 Ranked by Dividends

REVG Stock Data

1.17B
48.00M
2.17%
68.22%
2.22%
Heavy Duty Truck Manufacturing
Manufacturing
Link
US
Brookfield

About REVG

rev group designs and manufacturers vehicles that serve, move and protect communities and fulfill family dreams. we are proud to serve: our nations heroes, organizations that safely transport future generations and travelers, organizations that facilitate global trade and families at leisure. rev group is the largest manufacturer in north america of emergency vehicles and small buses alongside being the leading manufacturer of recreation vehicles, terminal trucks and street sweepers. our businesses represent both industry innovators and iconic brands with over 60 years of proven history. we manufacture over 16,000 specialty vehicles a year, from 14 world class manufacturing facilities by over 4500 dedicated associates, who are also committed to supporting over 300,000 of our vehicles in daily use. providing proven innovation, performance and durability rev group raises expectations and through partnerships with the best dealers in the industry delivers an unparalleled ownership exp