REV Group, Inc. (REVG): history, ownership, mission, how it works & makes money

A Brief History of REV Group, Inc. (REVG)

Formation and Early Years

REV Group, Inc. was established in 2010. It was formed as a result of the merger between several vehicle manufacturing companies.

Acquisitions and Growth

• In 2014, REV Group acquired the motorhome manufacturer, Fleetwood RV, Inc..
• In 2015, they purchased the manufacturer of fire and emergency vehicles, American LaFrance, LLC.
• In 2016, the company expanded its portfolio by acquiring Wheeled Coach.
• In 2017, REV Group added Rugby Manufacturing to its lineup, enhancing its commercial vehicle offerings.

IPO and Market Position

REV Group went public on February 1, 2017, trading on the New York Stock Exchange under the ticker symbol REVG. The initial public offering price was set at $22 per share.

Recent Developments

As of 2022, REV Group has focused on expanding its market share in specialty vehicles, including electric & hybrid vehicles. The company reported a backlog of approximately $1 billion in orders.

Financial Performance Analysis

For fiscal year 2022, REV Group's total assets were valued at $1.58 billion and the total liabilities amounted to $1.05 billion.

Market Analysis

REV Group, Inc. operates in a competitive landscape with primary competitors including Oshkosh Corporation and FMC Corporation, focusing on niche markets such as emergency response vehicles, recreational vehicles, and bus manufacturing.

Future Outlook

The company has projected an increase in demand for electric vehicles and is investing in research and development to meet emerging market needs, targeting a revenue growth rate of 15% annually through 2025.

A Who Owns REV Group, Inc. (REVG)

Overview of Ownership

REV Group, Inc. (REVG) is a publicly traded company on the New York Stock Exchange (NYSE) and specializes in manufacturing specialty vehicles and equipment. The ownership structure includes a mix of institutional investors, individual shareholders, and insider ownership.

Major Shareholders

As of the latest available data, the largest shareholders of REV Group, Inc. are as follows:

Insider Ownership

The company’s executive team and board members also contribute to the ownership structure. Recent filings indicate the following:

Market Performance

As of October 2023, REV Group’s stock performance reflects market dynamics:

• Current Stock Price: $10.50
• Market Capitalization: $1.43 billion
• 52-Week Range: $9.00 - $12.50
• Average Daily Volume: 250,000 shares

Institutional Ownership Trends

The trends in institutional ownership reveal fluctuating confidence among large investors:

Recent Changes in Ownership

Recent filings indicate notable changes in ownership:

• BlackRock, Inc. increased its position by 1.5% in Q3 2023.
• The Vanguard Group, Inc. maintained its stake without any changes.
• Insider sales have been limited, with only 50,000 shares sold in the last quarter.

Conclusion of Ownership Structure

The ownership structure of REV Group, Inc. illustrates a blend of institutional and individual investors, with a significant portion of shares held by executives and board members, reflecting their confidence in the company's direction and future performance.

REV Group, Inc. (REVG) Mission Statement

Overview of the Mission Statement

The mission statement of REV Group, Inc. focuses on delivering innovative solutions through high-quality products and exceptional service within the specialty vehicle industry. REV Group emphasizes the importance of customer satisfaction, community engagement, and environmental stewardship.

Key Aspects of the Mission Statement

• Customer Focus: Providing vehicles that meet the diverse needs of customers.
• Quality and Innovation: Commitment to continuous improvement and technological advancement.
• Community Engagement: Active participation in local initiatives and support of charitable organizations.
• Sustainability: Efforts to minimize environmental impact through efficient manufacturing processes.

Financial Data

For the fiscal year ended July 31, 2022, REV Group, Inc. reported the following financial figures:

Performance Metrics

REV Group tracks various performance metrics to assess its adherence to its mission statement:

Market Position

REV Group, Inc. operates in key sectors including:

• Fire and emergency vehicles
• Commercial vehicles
• Luxury buses
• Recreational vehicles

Recent Developments

As of 2023, REV Group has made significant strides in enhancing its product lines and expanding its market reach:

• Launched new electric vehicle models in response to industry trends.
• Expanded manufacturing facilities in Wisconsin and Florida.
• Increased investment in research and development by 15% year-over-year.

Employee Contributions

REV Group's commitment to employee involvement is evident through training programs and community service initiatives:

• Provided over 100,000 hours of training in 2022.
• Participated in over 200 community service events.

Conclusion of Mission Statement Impact

The impact of REV Group's mission statement is reflected in both financial performance and community engagement, showcasing a well-rounded approach to business that aligns with customer expectations and societal responsibilities.

How REV Group, Inc. (REVG) Works

Overview of REV Group, Inc.

REV Group, Inc. operates as a holding company and is a manufacturer of specialty vehicles. The company is known for producing fire and emergency vehicles, buses, and recreational vehicles, among other products. As of the latest reports, REV Group has a diverse portfolio that includes various brand-name products.

Financial Performance

For the fiscal year 2022, REV Group reported a revenue of approximately $1.57 billion, demonstrating a year-over-year increase of around 14%. The net income for the same period was $30 million, with earnings per share (EPS) standing at $0.67.

Market Segments

REV Group operates through several market segments:

• Fire & Emergency: Comprising a significant portion of REV's business, this segment focuses on the manufacturing of fire trucks and emergency medical services vehicles.
• Bus: This segment includes school buses and commercial buses, catering to various public transportation needs.
• Recreational Vehicles: REV produces a wide range of RVs under prominent brands in this highly competitive market.

Production Facilities

REV Group operates multiple manufacturing facilities located in the United States, including:

• Wisconsin: Home to multiple vehicle assembly lines for fire trucks and ambulances.
• California: Specializes in producing various types of buses.
• Indiana: Focused on the recreational vehicle segment.

Workforce and Employment

As of 2022, REV Group employed approximately 5,000 individuals across its various divisions.

Research and Development

Investments in research and development are critical for REV Group. In 2022, the company allocated about $15 million towards R&D initiatives aimed at innovation in vehicle design and production efficiency.

Recent Developments

In 2023, REV Group announced a new partnership with a technology firm to integrate advanced telematics and vehicle diagnostics across their product range.

Stock Performance

As of October 2023, REV Group's stock price is approximately $8.50 per share, with a market capitalization of around $350 million. The stock has experienced fluctuations, with a 52-week range of $6.50 to $11.00.

Customer Base

REV Group serves a wide variety of customers, including municipal governments, commercial businesses, and individual consumers in the recreational vehicle market. Contractual agreements with government entities for fire and emergency vehicles constitute a significant share of their customer base.

Competitive Landscape

The competitive environment for REV Group includes major manufacturers such as Oshkosh Corporation, Thor Industries, and Daimler AG. To maintain its market position, REV emphasizes quality, innovation, and customer service.

How REV Group, Inc. (REVG) Makes Money

Product Offerings

REV Group, Inc. is a leading manufacturer of specialty vehicles with a diverse portfolio that includes fire and emergency vehicles, recreational vehicles, and commercial vehicles. As of 2023, the company operates through several segments:

• Fire & Emergency
• Commercial
• Recreational

Revenue Breakdown

According to the latest financial reports from FY 2022, REV Group's revenue distribution is as follows:

Sales Strategy

REV Group employs a multi-faceted sales strategy that includes:

• Direct Sales through dealers and distributors.
• Government Contracts for fire and emergency services.
• Trade Shows to showcase new models and technologies.

Market Trends

Market research indicates a growing demand for electric and environmentally friendly vehicles.

• Fire trucks, equipped with alternative fuel options, are increasing in public safety budgets.
• Recreational vehicle sales have surged, with a reported 12% increase in unit sales from 2021 to 2022.

Financial Performance

For the fiscal year 2022, REV Group reported the following financial metrics:

Cost Management

Cost management strategies include:

• Streamlining production processes to reduce waste.
• Negotiating long-term contracts with suppliers to stabilize costs.
• Investing in technology to improve manufacturing efficiency.

Future Outlook

Analysts project that REV Group's revenue will grow at a CAGR of around 8% through 2025, driven by:

• Increased government spending on emergency services.
• Expansion into new markets, particularly in electric vehicles.
• Growth in the recreational vehicle sector as consumer confidence increases.