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 (REVG) delivers specialty vehicles that serve critical needs across public safety, transportation, and recreation sectors. This news hub provides investors and industry professionals with direct access to official announcements and market-moving developments from North America's leading emergency vehicles manufacturer.
Track REVG's strategic initiatives through curated press releases covering product innovations, financial results, leadership updates, and operational milestones. Our aggregation includes filings related to both core segments: Specialty Vehicles (fire trucks, ambulances, transit buses) and Recreational Vehicles (motorhomes, towables).
Key updates include quarterly performance reports, manufacturing expansions, government contracts, and technological advancements in vehicle safety systems. All content is sourced directly from company disclosures to ensure regulatory compliance and factual accuracy.
Bookmark this page for streamlined monitoring of REVG's market position and industry trends. Combine our real-time updates with historical filings to analyze the company's 60-year evolution in mission-critical transportation solutions.
REV Group (NYSE: REVG), a leading manufacturer of specialty vehicles including fire trucks, ambulances and RVs, has released its sixth annual sustainability report for fiscal year 2024. The comprehensive 55-page report highlights significant ESG achievements and initiatives.
Key environmental accomplishments include reaching the lowest level of Total Energy Use since 2019, with year-over-year reductions in Scope 1 & 2 emissions and continued decreases in VOCs, NOx and SOx air emissions.
On the social front, REV Group achieved its lowest workplace injury rates in history, with a 10% improvement in Total Recordable Incident Rate and a 50% reduction in Lost Time Incident Rate compared to FY2023. The company also received the 2024 Military Friendly Employer and Military Friendly Spouse Employer awards.
Governance highlights include the addition of three new independent directors and enhanced board ESG training. The report, aligned with Global Reporting Initiative Standards, covers metrics in water use, waste management, energy usage, safety innovations, and information security.
REV Group (NYSE: REVG) reported first quarter 2025 results with net sales of $525.1 million, down from $586.0 million in Q1 2024. Excluding Bus Manufacturing Businesses impact, sales increased 3.1% year-over-year.
Q1 2025 net income was $18.2 million ($0.35 per diluted share), compared to $182.7 million in Q1 2024. Record first quarter Adjusted EBITDA reached $36.8 million, up 78.6% excluding Bus Manufacturing Businesses.
The Specialty Vehicles segment saw net sales of $370.2 million with increased fire apparatus shipments and favorable ambulance mix. The Recreational Vehicles segment reported $155.0 million in sales, down 8.5% due to decreased shipments.
The company repurchased 0.6 million shares for $19.2 million and maintained its quarterly dividend of $0.06 per share. Management reaffirmed its fiscal 2025 guidance.
REV Group (NYSE: REVG) has announced plans to release its first quarter fiscal 2025 financial results before market open on Wednesday, March 5, 2025. The company will host a live webcast at 10:00 a.m. ET on the same day to discuss the results.
Investors can access the webcast through www.revgroup.com, with presentation slides available before the call. For those preferring audio, the conference call can be accessed by dialing 1-877-407-9208 (domestic) or 1-201-493-6784 (international). A replay will be available until March 19, 2025, accessible via 1-844-512-2921 (domestic) or 1-412-317-6671 (international) using passcode 13751932.
REV Group (REVG) reported its fiscal 2024 Q4 and full-year results, with Q4 net sales of $597.9M and full-year sales of $2,380.2M. Q4 net income reached $41.7M ($0.80 per diluted share), while full-year net income was $257.6M ($4.72 per diluted share). The company's Q4 Adjusted EBITDA was $49.6M, with full-year Adjusted EBITDA at $162.8M.
The board approved a new $250M share repurchase authorization and increased the quarterly dividend by 20%. For fiscal 2025, REVG forecasts net sales between $2.3B-$2.4B and net income of $98M-$125M. The company's performance was marked by strong margins in Specialty Vehicles, offsetting challenges in Recreational Vehicles segment.
REV Group (NYSE: REVG) has announced it will release its fourth-quarter fiscal 2024 earnings on Wednesday, December 11, 2024, before market opening. The company will host a live webcast at 10:00 a.m. ET to discuss the results and provide an overview of business segments, transformation efforts, and strategic priorities, including updated three-year financial targets. The event will feature a detailed presentation and Q&A session. Investors can access the webcast through REV Group's website under the 'Investors' section, with dial-in options available for both domestic and international participants.
REV Group, Inc. (NYSE: REVG), a manufacturer of specialty vehicle brands, has completed the sale of ElDorado National (California), Inc. (ENC), its transit bus business, to Rivaz, Inc. for approximately $52 million. This move aligns with REV Group's earlier announced plans to exit the bus manufacturing business.
The company intends to use the net proceeds from the sale to pay down outstanding borrowings under its ABL credit facility. Mark Skonieczny, President and CEO of REV Group, expressed gratitude to ENC's customers, employees, and dealers for their support during the transition period, noting ENC's five-decade-long history in the mass transit industry.
REV Group, Inc. (NYSE: REVG), a leading designer and manufacturer of specialty vehicles, has announced the election of David C. Dauch as an independent member of its Board of Directors, effective October 11. Dauch, who serves as Chairman of the Board & CEO of American Axle & Manufacturing Holdings, Inc. (AAM), brings nearly four decades of automotive industry expertise to REV Group.
Board Chair Jean Marie (John) Canan expressed delight in welcoming Dauch, stating that his significant experience and insights will further REV Group's strategic and operational imperatives. Dauch's responsibilities at AAM include developing and implementing strategic objectives and overseeing operations across nearly 80 facilities in 18 countries. He also serves on several other boards and holds degrees from Miami University and Michigan State University.
REV Group (NYSE: REVG) has announced its participation in the Morgan Stanley 12th Annual Laguna Conference. The company's CFO, Amy Campbell, will take part in a fireside chat on Thursday, September 12, 2024, starting at 12:15 pm PDT. Investors and interested parties can access a live audio webcast of the event through the investor relations section of REV Group's official website at www.revgroup.com.
This conference participation provides an opportunity for REV Group to engage with investors and share insights about the company's performance and future prospects. The Morgan Stanley Laguna Conference is a significant event in the financial calendar, attracting various industry leaders and investors.
REV Group (NYSE: REVG) reported third quarter 2024 results with net sales of $579.4 million, a decrease from $680 million in the prior year. However, net income rose to $18 million from $14.9 million. Adjusted EBITDA increased to $45.2 million, up from $39.4 million. Excluding the divestiture of Collins Bus , Adjusted EBITDA jumped 49.7%. Adjusted Net Income also rose to $24.8 million from $20.9 million.
REV Group updated its fiscal 2024 outlook with expected net sales between $2.35-$2.45 billion and net income of $226-$240 million. Adjusted EBITDA is expected to be $155-$165 million with Adjusted Net Income of $76-$89 million.
In the Specialty Vehicles segment, net sales were $432.1 million and Adjusted EBITDA was $44.3 million, benefiting from higher fire apparatus and ambulance sales. The Recreational Vehicles segment saw a 31.3% decrease in net sales to $147.4 million, with Adjusted EBITDA at $9.4 million.
REV Group (NYSE: REVG) has announced the release date for its third quarter fiscal 2024 earnings. The company plans to disclose the results before the market opens on Wednesday, September 4, 2024. Following the release, REV Group will host a live webcast at 10:00 a.m. ET to discuss the results. Investors can access the webcast through the company's website, www.revgroup.com, with slides available prior to the call. For those unable to attend the webcast, a conference call option is available by dialing 1-877-407-9208 (domestic) or 1-201-493-6784 (international). A telephonic replay will be accessible until September 18, 2024.
FAQ
What is the current stock price of Rev Group (REVG)?
What is the market cap of Rev Group (REVG)?
