REV Group Inc is a designer, manufacturer and distributor of specialty vehicles and related aftermarket parts and services. It serves a diversified customer base in the United States through three segments, Fire & Emergency, Commercial and Recreation.
Net Sales. Consolidated net sales were $615.0 million for the three months ended April 30, 2019, an increase of $6.1 million, or 1.0%, from $608.9 million for the three months ended April 30, 2018. The increase in consolidated net sales was primarily due to an increase in net sales in the Commercial and Recreation segments offset by a slight decrease in net sales in the Fire & Emergency segment. The increase in Commercial segment net sales was primarily due to an increase in sales of school and transit buses and terminal trucks, partially offset by a decrease in sales of shuttle buses and the impact of the sale of our mobility van business. The increase in Recreation segment net sales was primarily due to increases in sales across our RV brand line up, partially offset by a decrease in sales of Class A motorhomes. The decrease in Fire & Emergency segment net sales was primarily due to fewer shipments of firetrucks compared to the prior year period due to the challenges experienced with ramping up production levels to react to strong end market demand.