REV Group reports its financial results in accordance with U.S. generally accepted accounting principles ("GAAP"). However, management believes that the evaluation of REV Group's ongoing operating results may be enhanced by a presentation of Adjusted EBITDA, Adjusted Net Income, Free Cash Flow and Return on Invested Capital, which are non-GAAP financial measures. Adjusted EBITDA represents net income before interest expense, income taxes, depreciation and amortization as adjusted for certain non-recurring, ...

REV Group, Inc. (NYSE:REVG) Q2 2023 Earnings Conference Call June 8, 2023 10:00 AM ET Company Participants Drew Konop - Vice President of Investor Relations Mark Skonieczny - Chief Financial Officer, President & Chief Executive Officer Conference Call Participants Jerry Revich - Goldman Sachs Mig Dobre - Baird Jamie Cook - Credit Suisse John Joyner - BMO Capital Markets Mike Shlisky - D.A. Davidson Operator Greetings. Welcome to Rev Group Second Quarter 2023 Earnings Conference Call. [Operator Instructions] ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-37999 REV Group, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 26-3013415 (State or other jurisdiction of incorporation or organization) (I. ...

Call Start: 10:00 January 1, 0000 10:45 AM ET REV Group, Inc. (NYSE:REVG) Q1 2023 Earnings Conference Call March 8, 2023 10:00 ET Company Participants Drew Konop - Vice President of Investor Relations Mark Skonieczny - Chief Financial Officer, President & Chief Executive Officer Conference Call Participants Jamie Cook - Credit Suisse Jerry Revich - Goldman Sachs John Joyner - BMO Capital Markets David Johnson - D.A. Davidson Operator Greetings and welcome to the REV Group, Inc. First Quarter 2023 Earnings C ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-37999 REV Group, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 26-3013415 (State or other jurisdiction of incorporation or organization) ( ...

Financial Data and Key Metrics Changes - Consolidated net sales for Q4 2022 increased by 5.7% compared to the prior year, primarily driven by higher sales in the commercial recreation segments, partially offset by lower FNE sales due to chassis and supply chain constraints [27] - Full-year consolidated net sales decreased by 2.1% versus fiscal 2021, mainly due to decreased sales within the F&E segment, partially offset by increased sales in the Commercial and Recreation segments [50] - Full-year adjusted EBITDA decreased by $36 million or 26% year-over-year, primarily due to decreased contributions from F&E and Commercial segments, partially offset by higher contributions from the Recreation segment [53] Business Line Data and Key Metrics Changes - Fire and Emergency segment sales for Q4 2022 were $253 million, a decrease of 9% compared to the prior year, primarily due to fewer shipments of fire apparatus and ambulances [29] - Commercial segment sales increased by 17% to $111 million, driven by higher sales of school buses, terminal trucks, and street sweepers, despite lower sales of municipal buses [39] - Recreation segment sales increased by 19% to $260 million, primarily due to increased shipments of Class B and Class C units and pricing actions [46] Market Data and Key Metrics Changes - Total F&E backlog was $2.6 billion, an increase of 73% year-over-year, driven by strong unit orders and pricing actions taken over the past year [36] - Commercial segment backlog was $526 million at the end of Q4, reflecting pricing actions taken throughout fiscal '22 and increased orders of municipal transit buses [43] - Recreation segment backlog decreased by 9% to $1.1 billion, primarily due to continued production against backlog and lower orders across product categories [48] Company Strategy and Development Direction - The company aims to simplify and commonize product designs while maintaining brand identity, with a focus on improving manufacturing designs [9] - Investment in engineering capabilities and multi-sourcing initiatives are expected to improve throughput and financial performance [14][19] - The company is committed to leading in zero-emission product development, with a focus on battery electric and hydrogen fuel powertrains [17] Management's Comments on Operating Environment and Future Outlook - The operating environment in fiscal 2022 was challenging due to supply chain disruptions and labor market constraints, but the company is optimistic about improvements in throughput and financial performance in fiscal 2023 [18][28] - Management expects typical first-quarter seasonality within the F&E segment with an approximate 10% revenue decline, but anticipates sequential revenue growth throughout the year as multi-sourcing initiatives take hold [37] - Full-year guidance reflects continued uncertainty surrounding chassis supply and key component availability, with expectations for improved results as the year progresses [59] Other Important Information - The company returned a total of $82 million to shareholders in the form of dividends and share repurchases, maintaining a strong financial position with total liquidity of $308 million [22][58] - Full-year capital expenditure is estimated to be in the range of $30 million to $35 million, including carryover projects from fiscal 2022 [62] Q&A Session Summary Question: Free cash flow outlook for the year - Management indicated that inventory management and customer advances will impact free cash flow, with expectations for a slightly down year due to these factors [66][67] Question: Earnings cadence for fiscal '23 - Management expects a more normalized environment in the second half of fiscal '23, with improvements in throughput and chassis supply anticipated [68][69] Question: Inventory replenishment desire among dealerships - Management noted that dealer inventories remain low, but products continue to move through the channel, indicating a cautious approach to inventory management [71][74] Question: Segment-level EBITDA guidance for '23 - Management provided insights on expected EBITDA growth across segments, with a focus on improving throughput in F&E and Commercial while facing downward pressure in Recreation [80][81] Question: Pricing power in a deflationary environment - Management expressed confidence in maintaining pricing power, particularly in the Recreation segment, while also addressing older units in backlog for margin expansion [88][90] Question: Normalized backlog expectations for Recreation - Management anticipates a return to a more normalized backlog of six to seven months, down from the current two-year backlog [96] Question: Guidance for '23 and revenue expectations for '24 - Management refrained from providing '24 guidance but emphasized managing for margin expansion and maintaining performance despite potential revenue declines [99][100]

FISCAL FOURTH QUARTER 2022 RESULTS DECEMBER 14, 2022 CAUTIONARY STATEMENT & NON-GAAP MEASURES Disclaimers Note Regarding Non-GAAP Measures REV Group reports its financial results in accordance with U.S. generally accepted accounting principles ("GAAP"). However, management believes that the evaluation of REV Group's ongoing operating results may be enhanced by a presentation of Adjusted EBITDA, Adjusted Net Income, Free Cash Flow and Return on Invested Capital, which are non-GAAP financial measures. Adjuste ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended October 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-37999 REV Group, Inc. (Exact name of Registrant as specified in its Charter) (State or other jurisdiction of incorporation or organiza ...

REV Group, Inc. (NYSE:REVG) Q3 2022 Earnings Conference Call September 7, 2022 10:00 AM ET Company Participants Drew Konop - Vice President of Investor Relations and Corporate Development Rod Rushing - President and CEO Mark Skonieczny - CFO Conference Call Participants Mike Shlisky - D.A. Davidson Mig Dobre - Robert W. Baird John Joyner - BMO Capital Markets Operator Greetings and welcome to the REV Group, Inc. Third Quarter 2022 Earnings Conference Call. At this time all participants are in a listen-only ...

WASHINGTON, DC 20549 FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Delaware 26-3013415 (State or other jurisdiction of incorporation or organization) 245 South Executive Drive, Suite 100 Brookfield, WI 53005 (Address of principal executive offices) (Zip Code) (I.R.S. Employer Identification No.) (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) O ...