REV Group, Inc. designs, manufactures, and distributes specialty vehicles, and related aftermarket parts and services in the United States, Canada, Europe, Africa, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment provides fire apparatus equipment under the Emergency One, Kovatch Mobile Equipment, Ferrara, Spartan, Smeal, and Ladder Tower brands; and ambulances under the American Emergency Vehicles, Horton Emergency Vehicles, Leader Emergency Vehicles, Road Rescue, Wheeled Coach, and Frontline brands. The Commercial segment offers transit buses, type A school buses, sweepers, and terminal trucks under the Collins Bus, Capacity, ENC, and Lay-Mor brands. The Recreation segment offers motorized and towable RV models under the American Coach, Fleetwood RV, Holiday Rambler, Renegade, Midwest, and Lance brands; and produces a range of custom molded fiberglass products for the heavy-duty truck, RV, and broader industrial markets. The company sells its products to municipalities, government agencies, private contractors, consumers, and industrial and commercial end users through its direct sales force or dealer network. The company was formerly known as Allied Specialty Vehicles, Inc. and changed its name to REV Group, Inc. in November 2015. REV Group, Inc. is based in Brookfield, Wisconsin.
IPO Year: 2017
Exchange: NYSE
Website: revgroup.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/11/2024 | $29.50 | Equal-Weight | Morgan Stanley |
| 9/27/2023 | $16.00 → $20.00 | Neutral → Buy | DA Davidson |
| 3/6/2023 | $16.00 | Neutral → Outperform | Robert W. Baird |
| 6/29/2022 | $11.00 | Neutral | DA Davidson |
| 4/8/2022 | $14.00 | Outperform → Neutral | Robert W. Baird |
| 3/11/2022 | $12.00 → $11.00 | Underperform | Credit Suisse |
| 12/21/2021 | $13.00 → $11.00 | Underperform | Credit Suisse |
| 12/17/2021 | $15.50 → $13.25 | Sell | Goldman Sachs |
| 12/16/2021 | $17.00 → $13.00 | Equal-Weight | Morgan Stanley |
| 12/9/2021 | $16.00 → $17.00 | Equal-Weight | Morgan Stanley |
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Morgan Stanley analyst Angel Castillo initiates coverage on REV Group (NYSE:REVG) with a Equal-Weight rating and announces Price Target of $29.5.
REV Group, Inc. (NYSE:REVG) shares are trading higher after the company reported second-quarter FY24 results. Net sales of $616.9 million beat the consensus of $601.5 million. Excluding the impact of the Collins divestiture, net sales decreased 2.7% Y/Y due to lower net sales in the Recreational Vehicles segment. Specialty Vehicles segment net sales rose 2.9% Y/Y but Recreational Vehicles segment net sales fell 30% Y/Y. Adjusted EBITDA stood at $37.5 million, vs. $41.9 million a year ago quarter. Adjusted EPS of $0.39 exceeded the street view of $0.26. Effective January 26, the company closed the sale of its school bus business, Collins Bus Corporation, to Forest River Bus, LLC f
REV Group (NYSE:REVG) reported quarterly earnings of $0.39 per share which beat the analyst consensus estimate of $0.26 by 50 percent. The company reported quarterly sales of $616.900 million which beat the analyst consensus estimate of $601.459 million by 2.57 percent. This is a 9.44 percent decrease over sales of $681.200 million the same period last year.
Goldman Sachs analyst Jerry Revich maintains REV Group (NYSE:REVG) with a Sell and raises the price target from $18 to $20.
The Offering consists entirely of shares of the Company's common stock to be sold by the Selling Stockholders, and the Company will not receive any proceeds from the sale of the shares being offered by the Selling Stockholders. The Offering is expected to close on March 15, 2024, subject to customary closing conditions.
Gainers ShiftPixy (NASDAQ:PIXY) shares increased by 19.4% to $3.88 during Wednesday's after-market session. The market value of their outstanding shares is at $20.9 million. New Horizon Aircraft (NASDAQ:HOVR) stock rose 13.63% to $3.0. The company's market cap stands at $50.0 million. Zoomcar Holdings (NASDAQ:ZCAR) stock increased by 10.83% to $1.33. The market value of their outstanding shares is at $83.6 million. ESGL Holdings (NASDAQ:ESGL) shares rose 8.04% to $0.49. The company's market cap stands at $6.2 million. Exela Technologies (NASDAQ:XELA) stock moved upwards by 7.64% to $1.97. The company's market cap stands at $12.5 million. Jet AI (NASDAQ:JTAI) shares moved upwards by 5.7
Third quarter net sales of $579.4 million compared to $680.0 million in the prior year quarter Third quarter net income of $18.0 million compared to net income of $14.9 million in the prior year quarter Third quarter Adjusted EBITDA1 of $45.2 million compared to $39.4 million in the prior year quarter, the latter of which included $9.2 million of Adjusted EBITDA attributable to Collins Bus Corporation ("Collins") which was divested on January 26, 2024 Excluding the impact of the Collins divestiture, Adjusted EBITDA increased $15.0 million, or 49.7% compared to the prior year quarter. Third quarter Adjusted Net Income1 of $24.8 million compared to $20.9 million in the prior ye
REV Group, Inc. (NYSE:REVG), today announced that it is planning to release its third quarter fiscal 2024 results before the market open on Wednesday, September 4, 2024. The results will be discussed during a live webcast later that morning on September 4, 2024, beginning at 10:00 a.m. ET. To access the webcast, investors should go to www.revgroup.com at least 15 minutes prior to the event. Slides for the webcast will be available on the website before the start of the call. The conference call can also be accessed by dialing 1-877-407-9208 (domestic) or 1-201-493-6784 (international) and asking for the REV Group Third Quarter Fiscal 2024 Earnings Conference Call. A telephonic replay will
REV Group, Inc. (NYSE:REVG), today announced that it is planning to release its second quarter fiscal 2024 results before market open on Wednesday, June 5, 2024. The results will be discussed during a live webcast later that morning on June 5, 2024, beginning at 10:00 a.m. ET. To access the webcast, investors should go to www.revgroup.com at least 15 minutes prior to the event. Slides for the webcast will be available on the website before the start of the call. The conference call can also be accessed by dialing 1-877-407-9208 (domestic) or 1-201-493-6784 (international) and asking for the REV Group Second Quarter Fiscal 2024 Earnings Conference Call. A telephonic replay will be availabl
REV Group, Inc. (NYSE:REVG), today announced that it is planning to release its first quarter fiscal 2024 results before market open on Wednesday, March 6, 2024. The results will be discussed during a live webcast later that morning on March 6, 2024, beginning at 10:00 a.m. ET. To access the webcast, investors should go to www.revgroup.com at least 15 minutes prior to the event. Slides for the webcast will be available on the website before the start of the call. The conference call can also be accessed by dialing 1-877-407-9208 (domestic) or 1-201-493-6784 (international) and asking for the REV Group First Quarter Fiscal 2024 Earnings Conference Call. A telephonic replay will be availabl
REV Group, Inc. (NYSE:REVG), a manufacturer of industry-leading specialty vehicle brands, announced today a series of strategic actions aimed at optimizing its product portfolio and balance sheet. Effective January 26th, 2024, the company has completed the sale of its school bus business, Collins Bus Corporation ("Collins"), to Forest River Bus, LLC for a purchase price of $303.0 million in cash, subject to certain customary adjustments. "We have a long and successful history with Collins that dates back to the initial acquisition that started REV Group. We are pleased that the Collins team has a strategic new home with Forest River. I would like to thank the Collins team members for thei
Fourth quarter and full year net sales of $693.3 million and $2,638.0 million, respectively Fourth quarter and full year net income of $29.7 million and $45.3 million, respectively Fourth quarter and full year Adjusted EBITDA1 of $54.0 million and $156.6 million, respectively Fourth quarter and full year Adjusted Net Income1 of $31.7 million and $80.5 million, respectively Full year cash provided by operating activities of $126.5 million; end of year Net Debt2 of $128.7 million REV Group, Inc. (NYSE:REVG) today reported results for the three months ended October 31, 2023 ("fourth quarter 2023"). Consolidated net sales in the fourth quarter 2023 were $693.3 million, represent
REV Group, Inc. (NYSE:REVG), today announced that it is planning to release its fourth quarter fiscal 2023 results before market open on Wednesday, December 13, 2023. The results will be discussed during a live webcast later that morning on December 13, 2023, beginning at 10:00 a.m. ET. To access the webcast, investors should go to www.revgroup.com at least 15 minutes prior to the event. Slides for the webcast will be available on the website before the start of the call. The conference call can also be accessed by dialing 1-877-407-9208 (domestic) or 1-201-493-6784 (international) and asking for the REV Group Fourth Quarter Fiscal 2023 Earnings Conference Call. A telephonic replay will b
Third quarter net sales of $680.0 million compared to $594.8 million in the prior year quarter Third quarter net income of $14.9 million compared to net income of $9.5 million in the prior year quarter Third quarter Adjusted EBITDA1 of $39.4 million compared to $29.5 million in the prior year quarter Third quarter Adjusted Net Income1 of $20.9 million compared to $14.3 million in the prior year quarter Raises full-year fiscal 2023 outlook for net sales of $2.55 to $2.6 billion, net income outlook of $27 to $37 million, Adjusted EBITDA of $135 to $145 million, Adjusted Net Income of $63 to $73 million, and Free Cash Flow of $70 to $75 million REV Group, Inc. (NYSE:REVG), a ma
REV Group (NYSE:REVG), today announced that it is planning to release its third quarter fiscal 2023 results before market open on Wednesday, September 13, 2023. The results will be discussed during a live webcast later that morning on September 13, 2023, beginning at 10:00 a.m. ET. To access the webcast, investors should go to www.revgroup.com at least 15 minutes prior to the event. Slides for the webcast will be available on the website before the start of the call. The conference call can also be accessed by dialing 1-877-407-9208 (domestic) or 1-201-493-6784 (international) and asking for the REV Group Third Quarter Fiscal 2023 Earnings Conference Call. A telephonic replay will be avai
Second quarter net sales of $681.2 million compared to $576.3 million in the prior year quarter Second quarter net income of $14.2 million compared to a net loss of $2.3 million in the prior year quarter Second quarter Adjusted EBITDA1 of $41.9 million compared to $23.8 million in the prior year quarter Second quarter Adjusted Net Income1 of $20.8 million compared to $10.6 million in the prior year quarter Raises full-year fiscal 2023 outlook for net sales of $2.45 to $2.55 billion, Adjusted EBITDA of $120 to $135 million, Adjusted Net Income of $48 to $62 million, and Free Cash Flow of $43 to $56 million; net income outlook of $15 to $30 million Board of directors approves
REV Group, Inc. (NYSE:REVG), a leading manufacturer of specialty vehicles, announces Amy Campbell has joined the company as Chief Financial Officer, effective today. Campbell sits on REV's executive leadership team and reports to CEO and President Mark Skonieczny. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240415263342/en/REVG), a leading manufacturer of specialty vehicles, announces Amy Campbell has joined the company as Chief Financial Officer, effective today. Campbell sits on REV's executive leadership team and reports to CEO and President Mark Skonieczny. (Photo: Business Wire)">REV Group, Inc. (NYSE:REVG), a leading ma
REV Group, Inc. (NYSE:REVG), a leading manufacturer of specialty vehicles, announces Stephen (Steve) Zamansky has joined the company as senior vice president / general counsel, effective today. Paul Robinson, who has served as interim general counsel since April 2023, will remain with the company until January 2024 to ensure a seamless transition. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231030902478/en/REV Group announces Stephen Zamansky has joined as Senior Vice President and General Counsel. (Photo: Business Wire) As senior vice president / general counsel, Zamansky is responsible for REV Group and its companies' legal
REV Group, Inc. (NYSE:REVG), a leading designer and manufacturer of specialty vehicles, announced the appointment of Mark Skonieczny as President and Chief Executive Officer, effective immediately. Previously, Mr. Skonieczny had served as Interim CEO and Chief Financial Officer. Mr. Skonieczny joined the Company's Board in January 2023 and will continue to serve as a director. The company has initiated a comprehensive search for a new CFO. Prior to joining REV Group, Mr. Skonieczny held positions as Vice President and Corporate Controller of Adient PLC and spent 17 years at Johnson Controls in a variety of financial roles including Vice President of Corporate Development, Vice President o
REV Group, Inc. (NYSE:REVG), a leading company that designs and manufactures specialty vehicles in the fire & emergency, commercial and recreation industries, announces Mark Van Arnam will re-join the company as President, REV Ambulance Group on Wednesday, February 1, 2023, replacing Anoop Prakash. Mr. Van Arnam will oversee all the ambulance brands including Horton®, American Emergency Vehicles (AEV®), Leader®, Road Rescue®, and Wheeled Coach®. "We are excited to welcome Mark back to REV Group," stated Paul Bamatter, Chairman of REV Group's Board of Directors. "Mark has proven to be a very effective business leader and operator with over 35 years of experience within our ambulance busines
REV Group, Inc. (NYSE:REVG), a leading company that designs and manufactures specialty vehicles in the fire & emergency, commercial and recreation industries, announces Dan DesRochers has joined their executive leadership team as President of REV Fire Group. Reporting to Rod Rushing, President and CEO of REV Group, DesRochers will oversee the REV Fire Group brands E-ONE®, Ferrara™, KME™, Spartan Emergency Response®, Smeal™, Spartan Fire Chassis™ and Ladder Tower™. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221107005684/en/REVG), a leading company that designs and manufactures specialty vehicles in the fire & emergency, commer
SAN FRANCISCO, CA / ACCESSWIRE / October 24, 2022 / Quality Industrial Corp. (OTC:QIND), is a Mergers and Acquisitions company focused on the Industrial and Manufacturing sectors and is a subsidiary of ILUS International ((Ilustrato Pictures International Inc, OTC:ILUS). The company announced that it has appointed John-Paul Backwell as its Chief Executive Officer as of the 21st of October 2022. Mr. Backwell joined the Company on the 28th of May 2022 as Chief Commercial Officer and holds the position of Managing Director at ILUS, which is the majority shareholder of the Company. Mr. Backwell has 25 years' experience in the development and leadership of global businesses.John-Paul Backwell wil
SALT LAKE CITY, Jan. 18, 2022 (GLOBE NEWSWIRE) -- Rhino Rack, a premier overlanding company that manufactures and distributes highly-engineered automotive roof racks, trays, mounting systems, luggage boxes, carriers, and accessories, and a brand of Clarus Corporation (NASDAQ:CLAR) ("Clarus" and/or the "Company"), has appointed Greg Heichelbech to the new role of General Manager of Rhino Rack USA. Heichelbech has over 30 years leadership, operations, and sales and marketing experience working in the branded aftermarket, powersports and outdoor markets. He will be responsible for expanding the presence of Clarus' Rhino Rack® and MAXTRAX® brands in North America. He joins Rhino Rack from Mot
REV Group® (NYSE:REVG), designer and manufacturer of industry-leading specialty vehicle brands, announces Renegade RV® Vice President and General Manager Mike Lanciotti has been appointed President, REV Recreation Segment. In his new role, Mike will oversee all the recreation businesses and brands including Fleetwood RV®, Holiday Rambler®, American Coach®, Lance Camper®, Midwest Automotive Designs®, Renegade RV and Goldshield Fiberglass®. He will continue to report to REV Group President and CEO, Rod Rushing. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210412005889/en/Michael (Mike) Lanciotti is announced as President, REV Rec
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REV Group, Inc. (NYSE:REVG), a manufacturer of industry-leading specialty vehicle brands, announced plans earlier this year to exit the bus manufacturing business and today reports the finalized sale of ElDorado National (California), Inc. (ENC) to Rivaz, Inc. for a purchase price of approximately $52 million. REV Group intends to use the net proceeds from the sale to pay down outstanding borrowings under the company's ABL credit facility. "ENC has a long history with five decades in the mass transit industry, so we are delighted the brand is set to continue under Rivaz. I want to thank our customers as well as ENC employees and dealers for their support during this period of transition,"
REV Group, Inc. (NYSE:REVG), a leading designer and manufacturer of specialty vehicles, announces that David C. Dauch has been elected as an independent member of its Board of Directors, effective from Friday, October 11. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241014609366/en/REVG), a leading designer and manufacturer of specialty vehicles, announces that David C. Dauch has been elected as an independent member of its Board of Directors, effective from Friday, October 11. (Photo: Business Wire)">REV Group, Inc. (NYSE:REVG), a leading designer and manufacturer of specialty vehicles, announces that David C. Dauch has been e
REV Group, Inc. (NYSE:REVG), today announced Amy Campbell, CFO, will participate in a fireside chat at the Morgan Stanley 12th Annual Laguna Conference on Thursday, September 12, 2024. The event is scheduled to begin at 12:15 pm PDT. A live audio webcast can be accessed through the investor relations section of the company's website at www.revgroup.com. About REV Group, Inc. REV Group® companies are leading designers and manufacturers of specialty vehicles and related aftermarket parts and services, which serve a diversified customer base, primarily in the United States, through two segments: Specialty Vehicles and Recreational Vehicles. The Specialty Vehicles Segment provides customize
Third quarter net sales of $579.4 million compared to $680.0 million in the prior year quarter Third quarter net income of $18.0 million compared to net income of $14.9 million in the prior year quarter Third quarter Adjusted EBITDA1 of $45.2 million compared to $39.4 million in the prior year quarter, the latter of which included $9.2 million of Adjusted EBITDA attributable to Collins Bus Corporation ("Collins") which was divested on January 26, 2024 Excluding the impact of the Collins divestiture, Adjusted EBITDA increased $15.0 million, or 49.7% compared to the prior year quarter. Third quarter Adjusted Net Income1 of $24.8 million compared to $20.9 million in the prior ye
REV Group, Inc. (NYSE:REVG), today announced that it is planning to release its third quarter fiscal 2024 results before the market open on Wednesday, September 4, 2024. The results will be discussed during a live webcast later that morning on September 4, 2024, beginning at 10:00 a.m. ET. To access the webcast, investors should go to www.revgroup.com at least 15 minutes prior to the event. Slides for the webcast will be available on the website before the start of the call. The conference call can also be accessed by dialing 1-877-407-9208 (domestic) or 1-201-493-6784 (international) and asking for the REV Group Third Quarter Fiscal 2024 Earnings Conference Call. A telephonic replay will
REV Group, Inc. (NYSE:REVG), today announced Mark Skonieczny, President and CEO, and Amy Campbell, CFO, will present at the East Coast IDEAS Investor Conference on Wednesday, June 12, 2024 at Jay Conference – Bryant Park in New York, NY. The company's presentation is scheduled to begin at 11:30 am ET. The presentation will be webcast and can be accessed through the conference host's main website at www.threepartadvisors.com/east-coast and in the investor relations section of the company's website at www.revgroup.com. About REV Group, Inc. REV Group® companies are leading designers and manufacturers of specialty vehicles and related aftermarket parts and services, which serve a diversifi
Second quarter net sales of $616.9 million compared to $681.2 million in the prior year quarter Second quarter net income of $15.2 million compared to net income of $14.2 million in the prior year quarter Second quarter Adjusted EBITDA1 of $37.5 million compared to $41.9 million in the prior year quarter, the latter of which included $10.2 million of Adjusted EBITDA attributable to Collins Bus Corporation ("Collins") which was divested on January 26, 2024 Second quarter Adjusted Net Income1 of $20.9 million compared to $20.8 million in the prior year quarter Updated full-year fiscal 2024 outlook: Net sales of $2.4 to $2.5 billion, net income of $230.0 to $245.0 million, Adjus
REV Group, Inc. (NYSE:REVG), today announced that it is planning to release its second quarter fiscal 2024 results before market open on Wednesday, June 5, 2024. The results will be discussed during a live webcast later that morning on June 5, 2024, beginning at 10:00 a.m. ET. To access the webcast, investors should go to www.revgroup.com at least 15 minutes prior to the event. Slides for the webcast will be available on the website before the start of the call. The conference call can also be accessed by dialing 1-877-407-9208 (domestic) or 1-201-493-6784 (international) and asking for the REV Group Second Quarter Fiscal 2024 Earnings Conference Call. A telephonic replay will be availabl
REV Group, Inc. (NYSE:REVG), a leading manufacturer of specialty vehicles, announces Amy Campbell has joined the company as Chief Financial Officer, effective today. Campbell sits on REV's executive leadership team and reports to CEO and President Mark Skonieczny. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240415263342/en/REVG), a leading manufacturer of specialty vehicles, announces Amy Campbell has joined the company as Chief Financial Officer, effective today. Campbell sits on REV's executive leadership team and reports to CEO and President Mark Skonieczny. (Photo: Business Wire)">REV Group, Inc. (NYSE:REVG), a leading ma
REV Specialty Vehicles Segment, which includes fire apparatus brands E-ONE®, KME®, Ferrara™, Spartan Fire Chassis™, Spartan Emergency Response®, Smeal™, and Ladder Tower™, announces the Vector™, its all-electric North American-style fire truck, will feature on the April 15 episode of the award-winning series "Jay Leno's Garage." REV Specialty Vehicles President Mike Virnig is the Vector spokesperson, interviewed by Jay Leno. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240410106523/en/On April 15, Jay Leno's Garage will feature the all-electric North American-style Vector fire truck from REV Fire Group. Here is Mike Virnig, pr
Morgan Stanley initiated coverage of REV Group with a rating of Equal-Weight and set a new price target of $29.50
DA Davidson upgraded REV Group from Neutral to Buy and set a new price target of $20.00 from $16.00 previously
Robert W. Baird upgraded REV Group from Neutral to Outperform and set a new price target of $16.00
DA Davidson initiated coverage of REV Group with a rating of Neutral and set a new price target of $11.00
Robert W. Baird downgraded REV Group from Outperform to Neutral and set a new price target of $14.00
Credit Suisse reiterated coverage of REV Group with a rating of Underperform and set a new price target of $11.00 from $12.00 previously
Credit Suisse reiterated coverage of REV Group with a rating of Underperform and set a new price target of $11.00 from $13.00 previously
Goldman Sachs reiterated coverage of REV Group with a rating of Sell and set a new price target of $13.25 from $15.50 previously
Morgan Stanley reiterated coverage of REV Group with a rating of Equal-Weight and set a new price target of $13.00 from $17.00 previously
Morgan Stanley reiterated coverage of REV Group with a rating of Equal-Weight and set a new price target of $17.00 from $16.00 previously