Latest news with #MarkSkonieczny
Yahoo
5 days ago
- Automotive
- Yahoo
Why Rev Group Shares Are in the Fast Lane Today
Rev Group topped quarterly estimates, fueled by strong growth in its public safety vehicle division. The company's RV operations are feeling the strain of a weak consumer. Rev also raised full-year guidance, implying the company is confident business will continue to be strong in the quarters to come. 10 stocks we like better than Rev Group › Specialty vehicle manufacturer Rev Group (NYSE: REVG) topped quarterly analyst expectations, fueled by strong demand for its firefighting vehicles. Investors are hopping on board, sending Rev Group shares up 14% as of 10:30 a.m. ET. Rev is a maker of recreational vehicles (RVs) and specialty trucks including fire equipment, ambulances, and other public service vehicles. The company earned $0.70 per share in its fiscal second quarter ending April 30 on revenue of $629.1 million, surpassing Wall Street's consensus estimate of $0.57 per share on revenue of $603 million. Net cash provided by operations totaled $103.9 million in the first six months of Rev's fiscal year, compared to a $29.6 million cash use during the same period a year ago. RV sales fell 2.4% in the quarter due to lower shipments and increased dealer assistance, and segment backlog fell slightly. But that weakness was more than offset by a 3.8% jump in specialty vehicle sales, primarily driven by increased shipments of fire apparatus. The non-RV unit accounts for more than 70% of total sales and more than 90% of the company's backlog of future business. "The standout this quarter was the sustained year-over-year increase in manufacturing throughput within the fire group, which played a pivotal role in driving our top-line growth," CEO Mark Skonieczny said in a statement. "Within the quarter we utilized our robust cash flow and financial position to repurchase $88 million of shares, which we view as an attractive use of capital." Post-quarter Rev upped its full-year revenue guidance by $50 million and raised its free-cash-flow guidance to $100 million to $120 million, up from $90 million to $110 million. The quarter demonstrates the balance Rev can offer between the cyclical RV business and the steadier safety vehicle unit. With interest rates higher than in years past and questions about the economy, consumer demand for big-ticket items like RVs is weak. Investors should note that there is some risk that the federal government's push for efficiency could threaten local governments and lead to some weakness in vehicle purchases over time. But for now, it appears Rev still has some room to run. Before you buy stock in Rev Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Rev Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $656,825!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $865,550!* Now, it's worth noting Stock Advisor's total average return is 994% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Lou Whiteman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Rev Group Shares Are in the Fast Lane Today was originally published by The Motley Fool Sign in to access your portfolio
National Post
01-05-2025
- Business
- National Post
REV Group Recognized as 2025 Military Friendly® Employer
Article content BROOKFIELD, Wis. — REV Group, Inc. (NYSE: REVG), a leading manufacturer of specialty vehicles, has been named a 2025 Bronze Military Friendly Employer and Military Friendly Spouse Employer by VIQTORY, a veteran-owned military marketing company. Article content Article content 'REV Group has a long history of supporting the military in each community our vehicles are made, so it's an honor to be recognized,' said Mark Skonieczny, president and CEO, REV Group. This marks the second year REV Group has been recognized for demonstrating its 'commitment, effort and success in creating sustainable and meaningful benefit for the military community' and providing a positive work environment for military Veterans. Article content REV Group is made up of American manufacturers, with facilities from coast to coast which design and build fire apparatus, ambulances, recreational vehicles, terminal tractors and street sweepers. REV Group hires on average 120-140 active duty or military Veterans each year. Article content 'REV Group has a long history of supporting the military in each community our vehicles are made, so it's an honor to be recognized,' said Mark Skonieczny, president and CEO, REV Group. 'We are committed to providing a culture where our Veteran and active-duty military members and military spouses can thrive.' Article content 'Organizations earning the Military Friendly Employers designation have wholeheartedly invested in comprehensive and impactful initiatives that bring about positive, life-changing results for our valued service members, dedicated military spouses, and esteemed veterans within their ranks. We salute these exemplary employers who raise the bar and understand that hiring military personnel is not merely an act of goodwill but a testament to a standard that truly embodies sound business wisdom. Their steadfast commitment to integrating military personnel into their workforce not only reflects their compassion but also underscores their business acumen,' said Kayla Lopez, Senior Director of Military Partnerships at Military Friendly ®. Article content Institutions earning the Military Friendly Employer designation were evaluated using both public data sources and responses from a proprietary survey. Over 2,800 companies participated in the 2025 Military Friendly ® survey. Methodology, criteria, and weightings were determined by VIQTORY with input from the Military Friendly ® Advisory Council of independent leaders in the military recruitment community. Final ratings were determined by combining an organization's survey score with an assessment of the organization's ability to meet thresholds for Recruitment, New Hire Retention, Employee Turnover, and Promotion & Advancement of veterans and military employees. Article content REV Group will be showcased in the 2025 Military Friendly ® Employers in the Winter issue of G.I. Jobs ® magazine and on Article content 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 customized vehicle solutions for applications, including essential needs for public services (ambulances and fire apparatus) and commercial infrastructure (terminal trucks and industrial sweepers). REV Group's Recreational Vehicles Segment manufactures a variety of RVs from Class B vans to Class A motorhomes. REV Group's portfolio is made up of well-established principal vehicle brands, including many of the most recognizable names within their industry. Several of REV Group's brands pioneered their specialty vehicle product categories and date back more than 50 years. REV Group trades on the NYSE under the symbol REVG. Investors-REVG Article content About Military Friendly ® Employers Military Friendly ® is the standard that measures an organization's commitment, effort, and success in creating sustainable and meaningful benefits for the military community. Over 2,800 organizations compete annually for Military Friendly ® designation annually. Military Friendly ® ratings are owned by Viqtory, Inc., a service-disabled, veteran-owned small business. Viqtory is not affiliated with or endorsed by the U.S. Department of Defense or the federal government. Results are produced via a rules-based algorithm. The data-driven Military Friendly ® lists and methodology can be found at Article content Article content Article content Article content Article content Contacts Article content Article content Article content
Yahoo
01-05-2025
- Business
- Yahoo
REV Group Recognized as 2025 Military Friendly® Employer
BROOKFIELD, Wis., May 01, 2025--(BUSINESS WIRE)--REV Group, Inc. (NYSE: REVG), a leading manufacturer of specialty vehicles, has been named a 2025 Bronze Military Friendly Employer and Military Friendly Spouse Employer by VIQTORY, a veteran-owned military marketing company. This marks the second year REV Group has been recognized for demonstrating its "commitment, effort and success in creating sustainable and meaningful benefit for the military community" and providing a positive work environment for military Veterans. REV Group is made up of American manufacturers, with facilities from coast to coast which design and build fire apparatus, ambulances, recreational vehicles, terminal tractors and street sweepers. REV Group hires on average 120-140 active duty or military Veterans each year. "REV Group has a long history of supporting the military in each community our vehicles are made, so it's an honor to be recognized," said Mark Skonieczny, president and CEO, REV Group. "We are committed to providing a culture where our Veteran and active-duty military members and military spouses can thrive." "Organizations earning the Military Friendly Employers designation have wholeheartedly invested in comprehensive and impactful initiatives that bring about positive, life-changing results for our valued service members, dedicated military spouses, and esteemed veterans within their ranks. We salute these exemplary employers who raise the bar and understand that hiring military personnel is not merely an act of goodwill but a testament to a standard that truly embodies sound business wisdom. Their steadfast commitment to integrating military personnel into their workforce not only reflects their compassion but also underscores their business acumen," said Kayla Lopez, Senior Director of Military Partnerships at Military Friendly®. Institutions earning the Military Friendly Employer designation were evaluated using both public data sources and responses from a proprietary survey. Over 2,800 companies participated in the 2025 Military Friendly® survey. Methodology, criteria, and weightings were determined by VIQTORY with input from the Military Friendly® Advisory Council of independent leaders in the military recruitment community. Final ratings were determined by combining an organization's survey score with an assessment of the organization's ability to meet thresholds for Recruitment, New Hire Retention, Employee Turnover, and Promotion & Advancement of veterans and military employees. REV Group will be showcased in the 2025 Military Friendly® Employers in the Winter issue of G.I. Jobs® magazine and on About REV Group, 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 customized vehicle solutions for applications, including essential needs for public services (ambulances and fire apparatus) and commercial infrastructure (terminal trucks and industrial sweepers). REV Group's Recreational Vehicles Segment manufactures a variety of RVs from Class B vans to Class A motorhomes. REV Group's portfolio is made up of well-established principal vehicle brands, including many of the most recognizable names within their industry. Several of REV Group's brands pioneered their specialty vehicle product categories and date back more than 50 years. REV Group trades on the NYSE under the symbol REVG. Investors-REVG About Military Friendly® EmployersMilitary Friendly® is the standard that measures an organization's commitment, effort, and success in creating sustainable and meaningful benefits for the military community. Over 2,800 organizations compete annually for Military Friendly® designation annually. Military Friendly® ratings are owned by Viqtory, Inc., a service-disabled, veteran-owned small business. Viqtory is not affiliated with or endorsed by the U.S. Department of Defense or the federal government. Results are produced via a rules-based algorithm. The data-driven Military Friendly® lists and methodology can be found at About VIQTORYFounded in 2001, VIQTORY is a service disabled, veteran owned small business (SDVOSB) that connects the military community to civilian employment, educational and entrepreneurial opportunities through its owned assets such as Military Spouse Magazine®, Vetrepreneur®, G.I. Jobs® and Military Friendly® brands. VIQTORY and its brands are not a part of or endorsed by the U.S. Dept of Defense or any federal government entity. Learn more about VIQTORY at View source version on Contacts Media Relations Julie NuernbergSr Director, Marketing & Communications+1.262.389.8620 (mobile) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
01-05-2025
- Business
- Business Wire
REV Group Recognized as 2025 Military Friendly® Employer
BROOKFIELD, Wis.--(BUSINESS WIRE)--REV Group, Inc. (NYSE: REVG), a leading manufacturer of specialty vehicles, has been named a 2025 Bronze Military Friendly Employer and Military Friendly Spouse Employer by VIQTORY, a veteran-owned military marketing company. 'REV Group has a long history of supporting the military in each community our vehicles are made, so it's an honor to be recognized,' said Mark Skonieczny, president and CEO, REV Group. Share This marks the second year REV Group has been recognized for demonstrating its 'commitment, effort and success in creating sustainable and meaningful benefit for the military community' and providing a positive work environment for military Veterans. REV Group is made up of American manufacturers, with facilities from coast to coast which design and build fire apparatus, ambulances, recreational vehicles, terminal tractors and street sweepers. REV Group hires on average 120-140 active duty or military Veterans each year. 'REV Group has a long history of supporting the military in each community our vehicles are made, so it's an honor to be recognized,' said Mark Skonieczny, president and CEO, REV Group. 'We are committed to providing a culture where our Veteran and active-duty military members and military spouses can thrive.' 'Organizations earning the Military Friendly Employers designation have wholeheartedly invested in comprehensive and impactful initiatives that bring about positive, life-changing results for our valued service members, dedicated military spouses, and esteemed veterans within their ranks. We salute these exemplary employers who raise the bar and understand that hiring military personnel is not merely an act of goodwill but a testament to a standard that truly embodies sound business wisdom. Their steadfast commitment to integrating military personnel into their workforce not only reflects their compassion but also underscores their business acumen,' said Kayla Lopez, Senior Director of Military Partnerships at Military Friendly®. Institutions earning the Military Friendly Employer designation were evaluated using both public data sources and responses from a proprietary survey. Over 2,800 companies participated in the 2025 Military Friendly® survey. Methodology, criteria, and weightings were determined by VIQTORY with input from the Military Friendly® Advisory Council of independent leaders in the military recruitment community. Final ratings were determined by combining an organization's survey score with an assessment of the organization's ability to meet thresholds for Recruitment, New Hire Retention, Employee Turnover, and Promotion & Advancement of veterans and military employees. REV Group will be showcased in the 2025 Military Friendly® Employers in the Winter issue of G.I. Jobs® magazine and on 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 customized vehicle solutions for applications, including essential needs for public services (ambulances and fire apparatus) and commercial infrastructure (terminal trucks and industrial sweepers). REV Group's Recreational Vehicles Segment manufactures a variety of RVs from Class B vans to Class A motorhomes. REV Group's portfolio is made up of well-established principal vehicle brands, including many of the most recognizable names within their industry. Several of REV Group's brands pioneered their specialty vehicle product categories and date back more than 50 years. REV Group trades on the NYSE under the symbol REVG. Investors-REVG About Military Friendly® Employers Military Friendly® is the standard that measures an organization's commitment, effort, and success in creating sustainable and meaningful benefits for the military community. Over 2,800 organizations compete annually for Military Friendly® designation annually. Military Friendly® ratings are owned by Viqtory, Inc., a service-disabled, veteran-owned small business. Viqtory is not affiliated with or endorsed by the U.S. Department of Defense or the federal government. Results are produced via a rules-based algorithm. The data-driven Military Friendly® lists and methodology can be found at About VIQTORY Founded in 2001, VIQTORY is a service disabled, veteran owned small business (SDVOSB) that connects the military community to civilian employment, educational and entrepreneurial opportunities through its owned assets such as Military Spouse Magazine®, Vetrepreneur®, G.I. Jobs® and Military Friendly® brands. VIQTORY and its brands are not a part of or endorsed by the U.S. Dept of Defense or any federal government entity. Learn more about VIQTORY at
Yahoo
13-03-2025
- Automotive
- Yahoo
REV Group Releases Its 2024 Sustainability Report
BROOKFIELD, Wis., March 13, 2025--(BUSINESS WIRE)--REV Group, Inc. (NYSE: REVG), whose subsidiaries are leading manufacturers of specialty vehicles including fire trucks, ambulances and RVs, has published its sixth annual corporate responsibility report. The 55-page 2024 Sustainability Report focuses on REV Group's Environmental, Social and Corporate Governance (ESG) performance and progress for fiscal year 2024 (November 1, 2023 to October 31, 2024). "Sustainability is not just an initiative—it's a responsibility. At REV Group, we are committed to designing and manufacturing vehicles that not only serve critical moments but also drive a more sustainable future for our customers and employees. Our 2024 Sustainability Report shares the meaningful steps we are taking to minimize environmental impact while delivering the reliability our customers depend on through continuous progress, innovation, and ensuring long-term value for our stakeholders," said Mark Skonieczny, president and CEO, REV Group. REV Group 2024 Sustainability Report Highlights: Environmental Year-over-Year reduction in Scope 1 & 2 emissions, with the lowest level of Total Energy Use by REV Group operations since 2019. Continued trend to reduce VOCs, NOx and SOx air emissions. Case studies highlighting the best practices implemented by REV business units to reduce chemicals, air emissions, waste-to-landfill and energy, water and chemical use within the REV Group operations Social In FY2024, we achieved the lowest workplace injury rates in REV Group's history. Our Total Recordable Incident Rate improved by 10%, while the Lost Time Incident Rate saw a remarkable 50% improvement compared to FY2023. We were also recognized for our commitment to veterans and their families, earning the 2024 Military Friendly Employer and Military Friendly Spouse Employer awards. Governance In 2024, REV Group welcomed three new independent directors with diverse backgrounds and expertise. The refreshed board completed ESG training, to enhance their understanding of reporting requirements and regulatory responsibilities. The 2024 report includes performance and progress on: Metrics including Water Use, Waste Management, Energy Usage and Air Emissions Product and Safety Innovations Workplace Health and Safety Employee Health and Wellbeing Community Involvement Training and Education Governance and Ethics Supply Chain Management Information Security REV Group's 2024 Sustainability Report aligns with the Global Reporting Initiative Standards, which is a standardized, internationally recognized framework that enhances the transparency and accountability of reporting. To view REV Group's 2024 Corporate Sustainability Report and previous reports, visit 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 customized vehicle solutions for applications, including essential needs for public services (ambulances and fire apparatus) and commercial infrastructure (terminal trucks and industrial sweepers). REV Group's Recreational Vehicles Segment manufactures a variety of RVs from Class B vans to Class A motorhomes. REV Group's portfolio is made up of well-established principal vehicle brands, including many of the most recognizable names within their industry. Several of REV Group's brands pioneered their specialty vehicle product categories and date back more than 50 years. REV Group trades on the NYSE under the symbol REVG. Investors-REVG View source version on Contacts Investor Relations: Drew KonopVP, Investor Relations & Corporate Development+1.262.957.4594 (mobile)investors@ Media Relations: Julie NuernbergSr Director, Marketing & Communications+1.262.389.8620 (mobile) Sign in to access your portfolio
