Rev Group Stock Price, News & Analysis

Chardan NexTech Acquisition 2 Corp. (CNTQ) has filed a registration statement on Form S-4 with the SEC, detailing its proposed business combination with Dragonfly Energy Corp., scheduled for H2 2022. Dragonfly reported net sales of $18.3 million for Q1 2022, a 17% increase year-over-year. The merger aims to enhance market presence in energy storage solutions, with Dragonfly's lithium-ion batteries set to replace lead-acid alternatives across multiple sectors. The transaction awaits shareholder approval and adherence to customary closing conditions.

REV Group reported second quarter 2022 net sales of $576.3 million, down 10.5% from $643.6 million in the prior year. The company incurred a net loss of $2.3 million compared to a net income of $20.6 million last year. Adjusted EBITDA was $23.8 million, a significant drop from $45.5 million. Despite these challenges, the company maintained a record backlog of $3.6 billion due to strong order intake. Full-year guidance has been revised to net sales of $2.25 to $2.4 billion, influenced by ongoing supply chain issues.

ElDorado National (California), a subsidiary of REV Group (NYSE:REVG), announced that its Axess Battery Electric Bus (BEB) passed rigorous testing at the Altoona Bus Research and Testing Center. The testing evaluated parameters like maintainability, reliability, safety, and emissions. This success positions the Axess BEB for government and alternative energy rebates, including funding programs from the Federal Transit Administration, open through May 31. The Axess BEB's unique stainless steel structure and customizable configurations make it ideal for various high-demand applications.

REV Group (NYSE: REVG) will release its second quarter fiscal 2022 results before market open on June 7, 2022. A live webcast discussing these results will occur at 10:00 a.m. ET on the same day. Investors can access the webcast via www.revgroup.com at least 15 minutes prior. Telephonic access to the conference call is available at 1-877-407-3982 (domestic) and 1-201-493-6780 (international). A replay will be accessible post-call until June 21, 2022.

Four-time Indy 500 winner Hélio Castroneves aims for his fifth victory this year. He utilizes a customized American Coach luxury motorhome, manufactured by REV Group, to prepare for races. The motorhome features a sleek black exterior and a luxurious interior tailored to his needs, including modern amenities like massaging chairs, heated flooring, and a fully outfitted kitchen. American Coach recently debuted the 45E floorplan for $940,000, boasting innovative designs and luxurious features to enhance the RV experience.

REV Group, Inc. reported first-quarter 2022 net sales of $537.0 million, down 3.1% from $554.0 million in Q1 2021. The company incurred a net loss of $0.7 million compared to breakeven last year. Adjusted EBITDA fell to $18.3 million from $23.2 million.

Despite challenges, the company maintains a record backlog of $3.4 billion and reaffirms its full-year outlook with net sales between $2.3 billion to $2.55 billion.

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.