Rev Group, Inc. declined 1.10% in intraday trading. The company's Spartan Emergency Response subsidiary broke ground on a facility expansion, supported by South Dakota Governor Larry Rhoden. This expansion follows a $20 million investment announced during the second-quarter earnings call, aimed at increasing production capacity by 40% for custom and semi-custom fire trucks. The expansion is expected to enhance the facility's painting and fabrication capabilities, securing a strong order backlog of $1.1 billion as of June 30, 2025.
Comments
No comments yet