REVG News

REV Group, Inc. (NYSE: REVG), a manufacturer of industry-leading specialty vehicles, provided a business and financial update to address uncertainty related to the coronavirus pandemic. The company also withdraws full year fiscal 2020 guidance provided on March 4, 2020.

REV Group, Inc. (REVG) delivered earnings and revenue surprises of -61.54% and 2.11%, respectively, for the quarter ended October 2019. Do the numbers hold clues to what lies ahead for the stock?

Does the December share price for REV Group, Inc. (NYSE:REVG) reflect what it's really worth? Today, we will estimate...

Spartan Motors, Inc. (NASDAQ: SPAR) (the "Company"), the North American leader in specialty vehicle manufacturing and assembly for the commercial and retail vehicle industries (including last mile delivery, specialty service and vocation-specific upfit segments), as well as for the recreational vehicle markets, today announced the sale of its Emergency Response (ER) segment to REV Group, Inc. (NYSE: REVG). REV Group (REVG) paid approximately $55 million in cash at closing, which is subject to a net working capital adjustment, and assumed certain liabilities of the ER segment. The transaction has been unanimously approved by the Company's Board of Directors.

REV Group, Inc. (NYSE: REVG), a manufacturer of industry-leading specialty vehicles, announced today that it has obtained financial covenant relief requested under an amendment to the Company’s existing $175 million Term Loan Agreement ("Agreement") and provided an update on Recreation manufacturing operations.

E-ONE, a subsidiary of REV Group and a leading manufacturer of fire apparatus, has begun delivery of the first unit in an order for 49 TITAN® 4x4 Air Transportable (AT) ARFF P-19C vehicles to the United States Air Force (USAF).

REV Group (REVG), the nation’s largest manufacturer of Type I, II, III emergency vehicles with over 50 years’ experience, has incorporated several product options into their High-Risk Infection Control (HRIC) ambulance designs to further protect patients and EMS personnel from exposure risk. Horton, American Emergency Vehicles (AEV), Leader, Wheeled Coach, Road Rescue and McCoy-Miller all offer these features in their HRIC designs. REV has previously delivered ambulances to the Los Angeles County Department of Health Services and to the National Institutes of Health (NIH), which were configured to meet each agency’s unique specifications for controlling the spread of Infectious Disease pathogens.

REV Group, Inc. (NYSE: REVG), a manufacturer of industry-leading specialty vehicles, today reported results for the three months ended January 31, 2020 ("first quarter 2020"). Consolidated net sales in the first quarter 2020 were $532.1 million, representing an increase of 2.6 percent compared to $518.7 million for the three months ended January 31, 2019 ("first quarter 2019"). The increase in net sales was primarily the result of higher Fire & Emergency ("F&E") and Commercial segment net sales, partially offset by a decline in net sales in the Recreation segment.

REV Group (NYSE: REVG), today announced that it is planning to release its second quarter 2020 results before market open on Monday, June 8, 2020. The results will be discussed during a live webcast later that morning on June 8, 2020 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 shortly before the start of the call.

REV Group, Inc. (NYSE:REVG), a leading manufacturer of specialty vehicles announced today that Timothy Sullivan is departing as CEO and as a member of the Board of Directors. Replacing Mr. Sullivan, the board of directors appointed Rodney N. Rushing as Chief Executive Officer effective March 23, 2020. Mr. Rushing will assume day-to-day strategic and operational leadership of the Company and will also join REV Group’s board of directors.

REV Group, Inc. (REVG) delivered earnings and revenue surprises of -100.00% and 5.47%, respectively, for the quarter ended January 2020. Do the numbers hold clues to what lies ahead for the stock?

REV Group Inc. (NYSE: REVG), manufacturer of industry-leading specialty vehicles, announces Kent Tyler will re-join the company as Fire Division President on Tuesday, March 24, 2020, replacing Dan Peters. Kent will oversee all the fire brands including E-ONE, KME, Ferrara, Spartan, Smeal and Ladder Tower. Kent will be based in Ocala, Florida, home of E-ONE.

Spartan Motors (NASDAQ: SPAR), best known as a specialty body builder, has sold its Emergency Response (ER) segment so it can focus efforts on its commercial and retail vehicle industries, which include the Utilimaster brand of van bodies. Spartan sold the ER business, which includes purpose-built fire truck bodies, to REV Group Inc. (NYSE: REVG) for $55 million in cash. "The divestiture of the ER business unit will give us the speed and flexibility needed to further focus on accelerating growth and profitability in our commercial, fleet, delivery and specialty vehicles markets where we see the biggest opportunity to generate higher returns," said Daryl Adams, president and CEO.

Even if it's not a huge purchase, we think it was good to see that Dean Nolden, the Chief Financial Officer of REV...

Spartan Emergency Response, a subsidiary of REV Group and a leading manufacturer of fire apparatus, has been awarded a five-year contract with the Detroit Fire Department to supply the city with 35 vehicles. Spartan Emergency Response includes Smeal and Ladder Tower brands.

The RV Industry Association expects the double-digit percentage declines in wholesale shipments in 2019 to ease significantly in 2020.

REV Group, Inc. (NYSE: REVG), a manufacturer of industry-leading specialty vehicle brands, announced today that it has completed the sale of its two shuttle bus businesses to Forest River effective May 8, 2020. Proceeds from the sale will be used to pay down outstanding borrowings under the company’s ABL debt facility. Financial details have been described within a Current Report on Form 8-K that is being filed with the SEC today.

We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are...

REV Group, Inc. (NYSE: REVG), a manufacturer of industry-leading specialty vehicles, is providing an additional financial update and further actions taken in response to the COVID-19 pandemic.

REV Group, Inc. (REVG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.