Rev Group Stock Price, News & Analysis

REV Group, Inc. (NYSE: REVG) is a manufacturer of specialty vehicles and related aftermarket parts and services. According to company disclosures, REV Group serves a diversified customer base, primarily in the United States, through two main segments: Specialty Vehicles and Recreational Vehicles. The company’s brands focus on applications that include essential public services and commercial infrastructure, as well as a broad range of motorized recreational vehicles.

Business Segments and Core Focus

The Specialty Vehicles Segment provides customized vehicle solutions for essential public services and commercial uses. Company releases describe this segment as supplying vehicles for public services such as ambulances and fire apparatus, and for commercial infrastructure needs such as terminal trucks and industrial sweepers. Within this segment, REV Group highlights strong demand and order intake for fire apparatus and ambulance units, as well as ongoing investments to expand production capacity at facilities like Spartan Emergency Response and Horton Emergency Vehicles.

The Recreational Vehicles Segment manufactures a variety of motorized RVs, from Class B vans to Class A motorhomes. Subsidiaries in this segment produce motorized Class B custom Sprinter vans, high-end Class C and Super C motorhomes, and a range of Class A gas and diesel motor coaches. Company communications note that this segment also includes molded fiberglass and lamination operations, two service and repair centers, and a genuine parts online warehouse.

Brand Portfolio and Market Presence

REV Group states that its portfolio is made up of well-established principal vehicle brands, including many of the most recognizable names within their industry. In the recreational vehicle segment, brands include Fleetwood RV, Holiday Rambler, American Coach, Renegade RV, and Midwest Automotive Designs. These brands participate in major industry events such as America’s Largest RV Show in Hershey, Pennsylvania, and the Elkhart Dealer Open House in Indiana, where the company has reported strong sales and dealer order activity.

In the specialty vehicles area, REV Group emphasizes brands such as Spartan Emergency Response and Horton Emergency Vehicles. Spartan Emergency Response is described as a North American leader in the emergency response market, offering fire apparatus and related services. Horton Emergency Vehicles focuses on ambulances and emergency medical vehicles, with an emphasis on safety, quality, and customization. Company announcements highlight long operating histories for several brands, noting that a number of them pioneered their specialty vehicle product categories and date back more than 50 years.

Operations, Manufacturing Footprint, and Investments

REV Group reports a substantial manufacturing footprint in the United States. Its specialty vehicle operations include facilities for Spartan Emergency Response in locations such as South Dakota, and Horton Emergency Vehicles in Grove City, Ohio. The company has announced capital investments aimed at increasing production capacity and improving fabrication and finishing capabilities, including a facility expansion for Spartan Emergency Response intended to increase production of fire apparatus, and an additional building for Horton Emergency Vehicles to support final assembly and delivery processes.

Within the recreational vehicles segment, REV Recreation Group, Inc., a subsidiary of REV Group, is headquartered in Decatur, Indiana, which is also described as its principal manufacturing location. This subsidiary operates two service and repair centers and supports a genuine parts online warehouse. Company materials also reference one of the industry’s longest-standing distribution networks for its RV brands.

End Markets and Customer Applications

According to company descriptions, REV Group’s specialty vehicle products support public safety, emergency response, and commercial infrastructure. Fire apparatus and ambulances are used by fire departments and hospitals, while terminal trucks and industrial sweepers support commercial and industrial operations. The company notes continued demand and order intake for fire apparatus and ambulance units, and reports a sizable backlog in the Specialty Vehicles segment.

In recreational vehicles, REV Group’s brands serve customers interested in motorized RVs across multiple classes. Company updates describe participation in consumer-facing events, partnerships with sports organizations, and dealer open houses that highlight Class A, B, C, and Super C motorhomes. These activities demonstrate how the RV brands engage with both retail buyers and dealer networks.

Corporate Developments and Strategic Direction

REV Group trades on the New York Stock Exchange under the symbol REVG. Public filings and press releases describe the company as a manufacturer of specialty and recreational vehicles with a diversified customer base. The company has reported financial results that separate performance by segment, including net sales, Adjusted EBITDA, and backlog for Specialty Vehicles and Recreational Vehicles.

In an 8-K filing and related press release, REV Group disclosed that on October 29, 2025, it entered into an Agreement and Plan of Merger with Terex Corporation. Under this agreement, REV Group will be merged into subsidiaries of Terex in a stock and cash transaction, with REV Group becoming a wholly owned, direct subsidiary of Terex upon completion of a two-step merger structure. The transaction is subject to customary closing conditions, including shareholder approvals and regulatory clearances, and is described in detail in the company’s Form 8-K and joint press release. A separate company release notes that a preliminary Form S-4 related to the proposed merger was filed with the Securities and Exchange Commission and that the parties expect the deal to close in the first half of calendar 2026, subject to those conditions.

Financial Reporting and Non-GAAP Measures

REV Group reports its financial results in accordance with U.S. GAAP and supplements these with non-GAAP metrics such as Adjusted EBITDA, Adjusted Net Income, and Free Cash Flow. The company explains that Adjusted EBITDA is defined as net income before depreciation and amortization, interest expense, and income taxes, adjusted for certain items that management believes are not indicative of ongoing operating performance. Adjusted Net Income is defined as net income adjusted for certain items that management believes are not indicative of ongoing operating performance. Free Cash Flow is calculated as net cash from operating activities minus capital expenditures. REV Group states that these measures are used to evaluate aspects of operating performance over time when considered in addition to, and not in place of, GAAP measures.

Position Within Heavy Duty and Specialty Vehicle Manufacturing

Within the broader manufacturing sector, REV Group is associated with heavy duty truck manufacturing and specialty vehicle production. Its focus on fire apparatus, ambulances, terminal trucks, industrial sweepers, and motorized RVs places the company in markets that support public safety, municipal services, commercial operations, and recreational travel. Company communications emphasize a diversified portfolio of brands, a primarily U.S.-based customer base, and a mix of specialty and recreational vehicle offerings.

FAQs About REV Group, Inc. (REVG)

• What does REV Group, Inc. do?
  

  REV Group, Inc. designs and manufactures specialty vehicles and related aftermarket parts and services. The company operates through two segments: Specialty Vehicles, which includes ambulances, fire apparatus, terminal trucks, and industrial sweepers, and Recreational Vehicles, which includes motorized RVs from Class B vans to Class A motorhomes.

• How is REV Group’s business organized?
  

  According to company disclosures, REV Group’s operations are organized into the Specialty Vehicles Segment and the Recreational Vehicles Segment. Financial results, including net sales and Adjusted EBITDA, are reported for each segment, and the company also discloses segment backlogs.

• Which brands are part of REV Group’s Recreational Vehicles segment?
  

  Company materials state that the Recreational Vehicles segment includes brands such as Fleetwood RV, Holiday Rambler, American Coach, Renegade RV, and Midwest Automotive Designs. These brands produce Class A gas and diesel motorhomes, Class B vans, and Class C and Super C motorhomes.

• What types of specialty vehicles does REV Group produce?
  

  REV Group reports that its Specialty Vehicles segment provides customized vehicle solutions for public services and commercial infrastructure. This includes ambulances and fire apparatus, as well as terminal trucks and industrial sweepers. Subsidiaries such as Spartan Emergency Response and Horton Emergency Vehicles focus on emergency response and ambulance products.

• Where does REV Group primarily sell its products?
  

  The company states that its specialty vehicles and related aftermarket parts and services serve a diversified customer base, primarily in the United States. Its manufacturing footprint and customer relationships are largely focused on U.S. markets, including fire departments, hospitals, commercial operators, and RV dealers.

• What is the relationship between REV Group and Terex Corporation?
  

  In an 8-K filing dated October 30, 2025, REV Group disclosed that it entered into a merger agreement with Terex Corporation. Under this agreement, REV Group will be merged into Terex subsidiaries in a stock and cash transaction, and the surviving company will be a wholly owned, direct subsidiary of Terex upon completion, subject to shareholder approvals and regulatory clearances.

• How does REV Group describe its non-GAAP financial measures?
  

  REV Group explains that Adjusted EBITDA, Adjusted Net Income, and Free Cash Flow are non-GAAP measures used to evaluate operating performance. Adjusted EBITDA and Adjusted Net Income adjust GAAP results for certain items that management believes are not indicative of ongoing performance, while Free Cash Flow is defined as net cash from operating activities minus capital expenditures.

• What role do events and partnerships play for REV Group’s RV brands?
  

  Company news releases describe participation by REV Group’s RV brands in major industry events such as America’s Largest RV Show and the Elkhart Dealer Open House, as well as partnerships like Holiday Rambler’s agreement with the Indianapolis Colts. These activities are used to showcase RV models, engage with customers and dealers, and support brand visibility.