REV Group anticipates growth in three segments next year

Freeman Staff

Oct. 11, 2017

MILWAUKEE —In fiscal year 2018, REV Group, Inc. is anticipating growth in all three of its reportable segments and for its revenue to be in the range of $2.4 billion to $2.7 billion.

According to the announcement Tuesday, the Milwaukee company also predicts its net income to be in the range of $85 to $100 million and adjusted EBITDA to be in the range of $200 to $220 million for fiscal 2018.

In addition on Tuesday, REV Group announced an underwritten public offering of 10,000,000 shares of common stock by certain selling stockholders, subject to market conditions and other factors. REV Group is not selling any shares of common stock in the offering, and REV Group will not receive any proceeds from the offering by the selling stockholders. In connection with the offering, the selling stockholders intend to grant the underwriters an option to purchase up to 1,500,000 additional shares of common stock from the selling stockholders.

Goldman Sachs & Co. LLC, Morgan Stanley, Baird and Credit Suisse are acting as joint lead book-running managers and representatives of the underwriters for the proposed offering.