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
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.