Financial Performance - Consolidated net sales for the three months ended April 30, 2025, increased by $12.2 million, or 2.0%, compared to the prior year quarter, while net sales for the six months decreased by $48.7 million, or 4.0%[99][100]. - Gross profit for the three months ended April 30, 2025, increased by $18.4 million, or 23.8%, compared to the prior year quarter, with a gross margin of 15.2%, while for the six months, gross profit increased by $25.3 million, or 18.0%[101][102]. - The company reported a net income of $19.0 million for the three months ended April 30, 2025, compared to $15.2 million in the prior year quarter, and a net income of $37.2 million for the six months compared to $197.9 million in the prior year[97]. - Adjusted EBITDA for the three months ended April 30, 2025, was $58.9 million, compared to $37.5 million in the prior year quarter, and for the six months, it was $95.7 million compared to $68.0 million[97]. - Consolidated net income increased by $3.8 million to $19.0 million for the three months ended April 30, 2025, but decreased by $160.7 million to $37.2 million for the six months ended April 30, 2025 compared to the prior year[112][113]. - Consolidated Adjusted EBITDA increased by $21.4 million, or 40.7%, to $58.9 million for the three months ended April 30, 2025, and by $27.7 million, or 68.0%, for the six months ended April 30, 2025[114][115]. - Adjusted Net Income increased by $14.5 million, or 69.4%, to $35.4 million for the three months ended April 30, 2025, and by $20.7 million, or 58.1%, for the six months ended April 30, 2025[116][117]. Segment Performance - The Specialty Vehicles segment saw increased shipments of fire apparatus contributing to higher net sales, while the Recreational Vehicles segment experienced lower unit shipments[99][100]. - The gross profit margin for the Specialty Vehicles segment improved, while the Recreational Vehicles segment faced challenges with lower gross margins[101][102]. - Specialty Vehicles segment net sales increased by $16.5 million, or 3.8%, to $453.9 million for the three months ended April 30, 2025, while decreasing by $30.5 million, or 3.6%, to $824.1 million for the six months ended April 30, 2025[119][120]. - Recreational Vehicles segment net sales decreased by $4.4 million, or 2.4%, to $175.3 million for the three months ended April 30, 2025, and by $18.8 million, or 5.4%, to $330.3 million for the six months ended April 30, 2025[123][124]. - Specialty Vehicles segment Adjusted EBITDA increased by $22.5 million, or 66.6%, to $56.3 million for the three months ended April 30, 2025, and by $31.5 million, or 52.5%, for the six months ended April 30, 2025[121][122]. Costs and Expenses - Selling, general and administrative (SG&A) costs decreased by $4.7 million, or 9.3%, for the three months ended April 30, 2025, and by $18.9 million, or 17.7%, for the six months[103][104]. - Consolidated loss on assets held for sale was $30.0 million for both the three and six months ended April 30, 2025, resulting from the strategic decision to exit the non-motorized recreational vehicle manufacturing business[109]. Cash Flow and Financing - Net cash provided by operating activities for the six months ended April 30, 2025 was $103.9 million, a significant improvement from a net cash used of $29.6 million in the same period of 2024[132]. - Net cash used in investing activities for the six months ended April 30, 2025 was $15.9 million, compared to a net cash provided of $301.9 million in 2024, primarily due to capital expenditures[133]. - Net cash used in financing activities for the six months ended April 30, 2025 was $83.8 million, down from $255.4 million in 2024, with stock repurchases totaling $107.6 million[134]. - The company repurchased 3,456,979 shares at a cost of $107.6 million during the six months ended April 30, 2025, at an average price of approximately $31.10 per share[137]. - As of April 30, 2025, the company's outstanding debt under the Amended 2021 ABL Facility was $130.0 million, with availability of $263.2 million[139]. Strategic Decisions and Outlook - The company discontinued manufacturing operations at ENC and sold Collins in the first quarter of fiscal year 2024, impacting the Bus Manufacturing Businesses[96]. - The company is actively evaluating acquisition opportunities to expand its business, which has historically been a significant growth driver[95]. - The first fiscal quarter is typically the slowest sales volume quarter due to seasonal factors, impacting overall performance[94]. - Consolidated gain on sale of business was $1.5 million for the three months ended April 30, 2024, and $259.0 million for the six months ended April 30, 2024, primarily due to the sale of the Collins and Fire RTC businesses[107][108]. - Consolidated income tax benefit was $5.7 million for the three months ended April 30, 2025, compared to an expense of $2.7 million for the same period in 2024, reflecting a significant change in tax position[110][111]. Risk and Financial Condition - The company has not created any off-balance sheet arrangements that could materially affect its financial condition[147]. - There have been no material changes in the company's exposure to interest rate risk, foreign exchange risk, and commodity price risk[150].

FISCAL SECOND QUARTER 2025 RESULTS JUNE 4, 2025 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. Adjusted EB ...

Financial Performance - Consolidated net sales for Q2 2025 were $629.1 million, a 2.0% increase from $616.9 million in Q2 2024, with a 7.7% increase excluding the impact of Bus Manufacturing Businesses[2][5] - Net income for Q2 2025 was $19.0 million, or $0.38 per diluted share, compared to $15.2 million, or $0.28 per diluted share, in Q2 2024[3][5] - Adjusted EBITDA for Q2 2025 was $58.9 million, a 56.8% increase from $37.5 million in Q2 2024, with a 63.6% increase excluding the impact of Bus Manufacturing Businesses[3][5] - Adjusted Net Income for Q2 2025 was $35.4 million, compared to $20.9 million in Q2 2024[5][3] - Operating income for the three months ended April 30, 2025, was $49.7 million, significantly up from $22.9 million in the prior year, marking a 117.0% increase[26] - The company reported a net income of $19.0 million for the three months ended April 30, 2025, compared to $15.2 million in the same period of 2024, representing a 25.0% increase[26] - Adjusted EBITDA for the three months ended April 30, 2025, was $58.9 million, up from $37.5 million in the same period of 2024, indicating a 56.5% increase[29] - Adjusted EBITDA for the six months ended April 30, 2025, was $95.7 million, compared to $68.0 million for the same period in 2024, reflecting a 40.8% increase[33] Segment Performance - Specialty Vehicles segment net sales were $453.9 million in Q2 2025, a 3.8% increase from $437.4 million in Q2 2024, with a 12.2% increase excluding Bus Manufacturing Businesses[7][5] - Recreational Vehicles segment net sales decreased by $4.4 million, or 2.4%, to $175.3 million in Q2 2025 compared to Q2 2024[9][5] - Specialty Vehicles segment backlog increased to $4,282.0 million at the end of Q2 2025, up from $4,064.4 million at the end of Q2 2024[7][5] Guidance and Projections - Updated full-year fiscal 2025 guidance includes net sales of $2.35 to $2.45 billion and Adjusted EBITDA of $200.0 to $220.0 million[5][14] - For fiscal year 2025, the company projects adjusted EBITDA to be between $200.0 million and $220.0 million[37] - The projected net income for fiscal year 2025 is expected to range from $87.8 million to $106.5 million[39] - Free cash flow for fiscal year 2025 is anticipated to be between $100.0 million and $120.0 million[41] Shareholder Actions - The company repurchased approximately 2.9 million common shares for $88.4 million during the quarter[12][5] - The company declared dividends of $0.06 per common share for the three months ended April 30, 2025, compared to $0.05 in the same period of 2024, a 20.0% increase[26] Cash and Debt Management - Cash and cash equivalents at the end of the period were $28.8 million, up from $24.6 million at the beginning of the period, showing a 9.0% increase[27] - Total current liabilities increased to $500.4 million as of April 30, 2025, compared to $469.3 million at the end of October 2024, a rise of 6.4%[26] - Long-term debt increased to $130.0 million as of April 30, 2025, compared to $85.0 million at the end of October 2024, reflecting a 52.9% increase[26] Expenses and Losses - The company incurred stock-based compensation expenses of $3.1 million for the three months ended April 30, 2025, compared to $3.0 million for the same period in 2024[35] - Interest expense for the six months ended April 30, 2025, was $12.4 million, compared to $13.4 million for the same period in 2024, indicating a decrease of 7.5%[33] - The company reported a loss on assets held for sale of $30.0 million for both the three and six months ended April 30, 2025[35] Capital Expenditures - Capital expenditures in Q2 2025 were $11.4 million, an increase from $5.9 million in Q2 2024[12][5]

Core Insights - REV Group (REVG) is expected to report quarterly earnings of $0.59 per share, reflecting a 51.3% increase year over year, while revenues are forecasted at $596.64 million, indicating a 3.3% decrease compared to the previous year [1] - There have been no revisions in the consensus EPS estimate over the last 30 days, suggesting stability in analysts' forecasts [1][2] - The stock has seen an 11.4% increase in the past month, outperforming the Zacks S&P 500 composite, which rose by 6.4% [5] Revenue Estimates - Analysts project 'Net Sales- Recreation Vehicles' to reach $164.12 million, a decrease of 8.7% year over year [4] - 'Net Sales- Specialty Vehicles' is expected to be $432.66 million, reflecting a decline of 1.1% year over year [4] EBITDA Estimates - The estimated 'Adjusted EBITDA- Recreation Vehicles' is projected at $10.15 million, down from $12.10 million reported in the same quarter last year [4] - For 'Adjusted EBITDA- Specialty Vehicles', analysts estimate $49.31 million, an increase from $33.80 million in the previous year [5]

Core Insights - REV Exploration Corp. is expanding its focus on Natural Hydrogen in Western Canada, particularly in Alberta, positioning itself as a first-mover in this sector [1][3] Industry Overview - Under Premier Danielle Smith's leadership, Alberta is developing a robust hydrogen sector, with the potential to become a "next trillion dollar industry" [2] - The Alberta Hydrogen Roadmap aims for over $30 billion in capital investments by 2030 to establish the province as a global supplier of clean hydrogen [6] Company Developments - REV Exploration has secured a significant land package with permits for Natural Hydrogen exploration in Saskatchewan, while also targeting opportunities in Alberta due to its advanced hydrogen economy [3][4] - The company is also advancing its gold properties in Northern Quebec's Chibougamau Gold Camp, indicating a diversified exploration strategy [6] Natural Hydrogen Potential - Alberta is already a leader in blue hydrogen production, and the exploration of naturally occurring hydrogen presents a complementary opportunity [4] - The geological features of Alberta, including a Precambrian basement rich in iron and uranium-bearing rocks, are conducive to Natural Hydrogen generation [5]

Core Insights - REV Exploration Corp. has acquired permits in Saskatchewan covering 372,571 hectares for Natural Hydrogen exploration, indicating a strategic move into a rapidly emerging resource sector [1][2] - The CEO highlighted Saskatchewan's advanced policy framework for Natural Hydrogen exploration, which, combined with unique geology and a growing market, positions REV for significant opportunities in the coming months [2] - REV Exploration has appointed Independent Trading Group, Inc. as a market maker to enhance liquidity and contribute to a fair market for its shares on the TSX Venture Exchange [3][4] Company Overview - REV Exploration is a mineral exploration company with a portfolio that includes gold and battery metal properties in Quebec, as well as strategic Natural Hydrogen properties in Saskatchewan, all 100% owned by the company [6] - The company is focused on identifying commercial concentrations of Natural Hydrogen in North America, which is seen as a catalyst-rich opportunity for growth [2][6] Market Maker Appointment - The contract with Independent Trading Group, Inc. is on a month-to-month basis for a fee of CDN $6,000, with the first full month starting in April 2025 [4] - ITG is a Toronto-based dealer-member specializing in market making and liquidity provision, established in 1992 [5]

Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Has REV Group (REVG) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Transportation sector should help us answer this question.REV Group is a member of our Transportation group, which includes 125 different companies and currently sits at #16 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength ...

Group 1 - Corporacion America Airports S.A. (CAAP) is part of the Transportation sector, which includes 130 individual stocks and has a Zacks Sector Rank of 10 [2] - CAAP currently holds a Zacks Rank of 2 (Buy), indicating a positive outlook based on earnings estimates and revisions [3] - Over the past three months, the Zacks Consensus Estimate for CAAP's full-year earnings has increased by 41.6%, reflecting improved analyst sentiment [4] Group 2 - Year-to-date, CAAP has returned approximately 2%, outperforming the average loss of 1.5% in the Transportation sector [4] - CAAP belongs to the Transportation - Airline industry, which consists of 27 stocks and is ranked 43 in the Zacks Industry Rank; the industry has gained an average of 8.5% this year, indicating CAAP is slightly underperforming its industry [6] - Another stock in the Transportation sector, REV Group (REVG), has a year-to-date return of 4.6% and a Zacks Rank of 1 (Strong Buy) [5][7]

  VANCOUVER, British Columbia – TheNewswire - March 26, 2025: REV Exploration Corp. (“REV” or the “Company”) (TSXV: REVX), formerly Gitennes Exploration, announces that it has granted 125,000 stock options and 125,000 restricted share units (the “RSU’s”) to a director of the Company. The stock options will have an exercise price of $0.275 for a five-year period expiring on March 25, 2030, and have been granted in accordance with the Company’s Stock Option Plan and may be subject to vesting periods. The RSU’ ...

Financial Data and Key Metrics Changes - The first quarter sales were $525 million, a decrease of $61 million from the prior year, primarily due to the exit from the bus manufacturing business [23] - Adjusted EBITDA for the first quarter was a record $36.8 million, an increase of $6.3 million, or 79%, compared to the prior year quarter [26] - The company reported a strong backlog of $4.5 billion, providing 2 to 2.5 years of demand visibility within the specialty vehicles segment [12] Business Line Data and Key Metrics Changes - Specialty vehicle segment sales were $370.2 million, a decrease of $47 million compared to the prior year, but increased by $29.6 million, or 8.7%, when excluding the impact of divested bus businesses [28] - Recreational vehicle segment sales were $155 million, a decrease of $14.4 million, or 8.5%, primarily due to lower unit volumes related to soft market demand [36] - Specialty vehicles adjusted EBITDA margin was 9.5%, a record for the first quarter, improving by 470 basis points year-over-year [32] Market Data and Key Metrics Changes - Approximately 5% of net sales are outside of the United States, indicating a strong domestic focus [16] - The RV market remains challenged, but positive customer response at events like the Florida RV SuperShow indicates potential for future growth [19] Company Strategy and Development Direction - The company aims to provide attractive returns to shareholders through organic growth, share repurchases, dividends, and selective acquisitions [9] - A disciplined approach to capital allocation is emphasized, with a focus on maintaining flexibility for future investments [20] Management's Comments on Operating Environment and Future Outlook - Management remains confident in achieving full-year guidance despite market challenges, citing strong first-quarter performance as a solid foundation [11] - The company is actively monitoring supply chain risks related to tariffs and has implemented a multi-sourcing strategy to mitigate potential impacts [14][15] Other Important Information - The company has resumed share repurchases, returning $19.2 million to shareholders in the first quarter [20] - The company declared a quarterly cash dividend of $0.06 per common share, payable on April 11 [44] Q&A Session Summary Question: Clarification on tariff impacts - Management clarified that direct exposure to tariffs is limited, with only 2% of direct material purchases coming from affected regions, and emphasized improved supply chain resilience [50][52] Question: RV group outlook - Management indicated that while retail sales have improved, they want to see sustained improvement in wholesale sales before increasing guidance for the RV segment [56][58] Question: Pricing strategy and inflation - Management confirmed that they can pass through inflationary cost increases on certain products, but fixed contracts limit their ability to adjust pricing retroactively [60][62] Question: Backlog and new orders - Management acknowledged the importance of maintaining order intake while being cautious about adding to backlog due to potential inflation risks [68][70] Question: Market share and demand - Management noted that while industry demand for fire trucks remains above long-term trends, they do not focus on market share metrics [90][92]