2 REV Group, Inc. Adjusted Net Income, Adjusted EBITDA, and Free Cash Flow are non-GAAP measures that are reconciled to their nearest GAAP measure later in this release. Exhibit 99.1 • Third quarter net sales of $644.9 million compared to $579.4 million in the prior year quarter, the latter of which included $44.2 million related to the Bus Manufacturing Businesses1 o Excluding the impact of the Bus Manufacturing Businesses, net sales increased $109.7 million, or 20.5% compared to the prior year quarter • T ...

Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting competent advisors before making any financial decisions, particularly in the context of investments and trading activities [1]. Group 1 - The website provides general news, personal analysis, and third-party content intended for educational and research purposes [1]. - It explicitly states that the information does not constitute any recommendation or advice for investment actions [1]. - Users are advised to perform their own research and consider their financial situation before making decisions [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - It encourages users to understand how these instruments work and the associated risks before investing [1].

Group 1 - REV Exploration Corp. has completed the acquisition of the Aden Dome Natural Hydrogen Project in Alberta, receiving final approval from the TSX Venture Exchange [1][2] - The acquisition was conducted on an arm's-length basis, with no finder's fees paid, and all conditions of the purchase agreement have been satisfied, including the issuance of 300,000 common shares at a deemed price of C$0.27 per share [2] - With this acquisition, REV now holds a 100% interest in the Aden Dome project and plans to proceed with exploration activities [2][3] Group 2 - REV Exploration Corp. is a mineral exploration company with a portfolio that includes gold and battery metal properties in Quebec, as well as significant exposure to the Natural Hydrogen sector in Alberta and Saskatchewan [3] - The company has an option to acquire 100% of a series of PNG leases along the Alberta-Montana border, including the drill-ready Aden Dome, and holds a significant equity position in MAX Power Mining Corp., which has the largest permitted land package for Natural Hydrogen in Saskatchewan [3]

Core Viewpoint - REV Group (REVG) has shown strong stock performance, with a 56.9% increase since the beginning of the year, outperforming the Zacks Transportation sector and the Zacks Transportation - Services industry [1][2]. Financial Performance - REV Group has consistently beaten earnings estimates, reporting EPS of $0.7 against a consensus estimate of $0.59 in its last earnings report [2]. - For the current fiscal year, REV Group is projected to achieve earnings of $2.45 per share on revenues of $2.41 billion, reflecting a 54.09% increase in EPS and a 1.07% increase in revenues [3]. - The next fiscal year forecasts earnings of $3.36 per share on revenues of $2.6 billion, indicating a year-over-year change of 37.01% in EPS and 7.89% in revenues [3]. Valuation Metrics - REV Group has a Value Score of B, a Growth Score of A, and a Momentum Score of F, resulting in a combined VGM Score of B [6]. - The stock trades at 20.4 times the current fiscal year EPS estimates, which is above the peer industry average of 18.8 times [6]. - On a trailing cash flow basis, the stock trades at 26.1 times compared to the peer group's average of 7.5 times, indicating a premium valuation [6]. Zacks Rank - REV Group holds a Zacks Rank of 1 (Strong Buy) due to rising earnings estimates, suggesting potential for further stock price appreciation [7]. - The combination of a Zacks Rank of 1 or 2 and Style Scores of A or B positions REV Group favorably for investors [7].

Group 1 - REV Group, a specialty vehicle manufacturer, reported growth in its topline after experiencing consecutive declines in the past four quarters [1] - The growth was primarily attributed to a double-digit contraction in previous periods [1] Group 2 - The company is engaged in the technology, industrial, and conglomerate sectors, focusing on businesses with strong foundations for long-term success [1] - The analysis emphasizes a combination of financial examination and narrative to provide insights into market performance [1]

Group 1 - The recovery of REV Group, Inc. (NYSE: REVG) has materialized within two months, indicating a more manageable market despite ongoing volatility [1] - The company is navigating the current market conditions with prudent inventory management [1] - The analyst has extensive experience in the logistics sector and has been involved in stock investing and macroeconomic analysis for nearly a decade [1] Group 2 - The analyst focuses on ASEAN and NYSE/NASDAQ stocks, particularly in sectors such as banks, telecommunications, logistics, and hotels [1] - The analyst's investment strategy includes diversification across different industries and market cap sizes, with holdings for both retirement and trading profits [1] - The analyst entered the US market in 2020 and has been using analyses from Seeking Alpha to compare with the Philippine market [1]

Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting competent advisors before making any financial decisions, particularly in the context of investments and trading activities [1]. Group 1 - The website provides general news and publications, personal analysis, and third-party content intended for educational and research purposes [1]. - It explicitly states that the information does not constitute any recommendation or advice for investment or purchasing decisions [1]. - The content is not tailored to individual financial situations or needs, highlighting the necessity for users to apply their own discretion [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - Users are encouraged to perform their own research before making investment decisions, particularly regarding instruments they do not fully understand [1].

Strategic Actions and Financial Impact - REV Group sold Collins Bus to Forest River for $303 million in cash[7, 8] - The company expects >$250 million in net cash proceeds from strategic actions, including the Collins sale and winding down ENC operations[7, 11] - A special cash dividend of $3.00 per share will be paid to shareholders[7, 8] - REV Group anticipates a net debt to trailing twelve-month Adjusted EBITDA leverage ratio of <1.0x exiting 1Q24[8] Revised Fiscal 2024 Outlook - Net sales are projected to be $2.45 to $2.55 billion, adjusted for strategic actions[21] - Adjusted EBITDA is expected to be $140 to $160 million[21] - Free cash flow is estimated at $53 to $68 million[21] Business Segmentation - REV Group will be reorganized into two reporting segments: Specialty Vehicles and Recreational Vehicles[8, 19] - The Specialty Vehicles segment includes Fire & Emergency and remaining commercial segment businesses[19] - The Recreational Vehicles segment includes all of REV Group's recreation products[19, 20] FY2023 Recast Results - FY2023 Adjusted EBITDA was $156.6 million[21, 34]

Company Overview - REV Group's revenue for the trailing twelve months (TTM) ended April 30, 2024, was $2.6 billion[15] - As of April 30, 2024, REV Group had $38.2 million in cash and net debt of $181.8 million[15] - The market capitalization of REV Group as of June 6, 2024, was $1,428 million[15] - As of May 29, 2024, the shares outstanding were 51.9 million, with a closing price of $27.51 on June 6, 2024[15] Strategic Actions - REV Group sold Collins Bus for $303 million in an all-cash transaction[17] - The company expects net cash proceeds of over $250 million from strategic actions[17] - REV Group returned approximately $311 million to shareholders year-to-date, including ~$179 million in special cash dividends, ~$126 million in share repurchases, and ~$6 million in regular quarterly dividends[19] Financial Performance - The company's leverage ratio is 1.1x net debt to trailing twelve-month Adjusted EBITDA[44] - REV Group anticipates $67 million in adjusted free cash flow for FY24E[50] - From FY20 to FY23, REV Group generated $333 million of free cash flow, compared to an outflow of ($90 million) in FY17-FY19[50] Specialty Vehicles Segment - The Specialty Vehicles segment has an installed base of over 70,000 units[27] - The backlog for Specialty Vehicles is $4.064 billion as of 2Q24[27]

Core Insights - REV Group reported an 8% increase in consolidated mid-point revenue guidance and a 45% year-over-year increase in adjusted EBITDA guidance for fiscal 2025, driven by strong operational gains in the specialty vehicle segment [1] - The company announced a $20 million plant expansion, a strategic exit from the Lance Camper operation, and raised capital expenditure plans while addressing $15 million in expected tariff headwinds [1][6] Specialty Vehicle Segment Performance - The specialty vehicle segment, excluding divested bus operations, achieved a 12.2% revenue increase and a 74.3% surge in adjusted EBITDA compared to the prior year quarter, with record shipment levels in the Spartan Emergency Response business [2] - Segment backlog reached $4.3 billion at quarter-end, supported by a book-to-bill ratio of 1.1 and strong demand for fire apparatus [3][2] Portfolio Optimization - The divestiture of the Lance Camper operation resulted in a one-time $30 million non-cash loss, partially offset by a $16.6 million tax benefit, allowing the company to focus on scalable operations with stronger competitive positioning [4][5] - The motorized RV division continues to drive nearly all EBITDA for the recreation segment, maintaining a 6.2% adjusted EBITDA margin despite a 10% decline in REV brand retail sales [4] Tariff Impact and Strategic Adjustments - New tariffs are expected to impact adjusted EBITDA by $10 million in specialty vehicles and $5 million in recreation for the second half of the fiscal year, prompting a shift to U.S. suppliers for chassis sourcing [6][7] - The company has increased full-year capital expenditure guidance to $45 million–$50 million, with $20 million allocated for expansion projects [6] Future Outlook - Management raised consolidated FY2025 revenue guidance to $2.35 billion–$2.45 billion and adjusted EBITDA guidance to $200 million–$220 million, anticipating specialty vehicle outperformance to offset tariff pressures [8] - Net income guidance, including the Lance Camper divestiture loss, is now projected at $88 million–$107 million, with adjusted net income at $100 million–$130 million [8]