Rev Group Inc's Customers Performance
REVG
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REVG's Source of Revenues |
During the corresponding time, Rev Group Inc recorded revenue increase by 11.18 % year on year, sequentially revenue grew by 2.06 %. While revenue at the Rev Group Inc 's corporate clients
• List of REVG Customers
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for the same period Rev Group Inc recorded revenue increase by 11.18 % year on year, sequentially revenue grew by 2.06 %.
• List of REVG Customers
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Rev Group Inc's Comment on Sales, Marketing and Customers
We operate primarily in the United States in the fire and emergency, commercial
and recreation markets. We sell internationally through dealers and agents to
end markets that utilize U.S.-style chassis and product configurations. In December
2017, we also established a joint venture with China’s Chery Holding Group
in Wuhu to manufacture RVs, ambulances and other specialty vehicles for distribution
within China and select international markets. These products will be sold in
China and internationally through Chery’s existing distribution network.
Fire and Emergency Markets
Fire and emergency products are used by municipalities and private contractors
to provide essential services such as emergency response, patient transport
and fire suppression, among other activities. Nearly all fire apparatus and
ambulances are customized in some form; however, they share many common production,
sales and component attributes such as similar manufacturing and engineering
processes, raw materials (aluminum, lights, wire harnesses, paint and coatings,
among others), and dealer-based distribution channels. The sales prices for
our fire and emergency products can vary considerably given their highly customized
nature, but generally range from $160,000 to $650,000 for pumper trucks, $475,000
to $1,200,000 for aerial fire trucks and $65,000 to $350,000 for ambulances.
Demand is driven primarily by the replacement of in-service fleets, as well
as by factors such as a growing aged population and a growing overall population
(driving increased patient transportation and emergency response needs), new
real
estate developments, taller buildings (requiring more aerial vehicles), international
airport growth (requiring Federal Aviation Administration-specified ARFF vehicles),
and higher municipal funding levels. Local tax revenues are an important source
of funding for fire and emergency response departments in addition to Federal
grant money and locally raised funding. We estimate that ambulances have useful
lives of 5-7 years and generally operate on a 24/7 schedule, driving significant
annual mileage which ultimately creates a replacement or remount sale as their
underlying chassis wears out. We estimate that pumper trucks and aerial fire
trucks have useful lives of 10-12 years and 20-30 years, respectively, and that
these fire apparatus vehicles become obsolete before they wear out due to the
fact that technology continues to advance, and the vehicles would otherwise
have a long-life span because they generally operate at lower levels of annual
miles driven.
We believe that a growing aged population, longer life expectancy, urbanization
and the increasing use of emergency vehicles for non-critical care transport
are all positive trends for the ambulance market.
Commercial Markets
REV’s Commercial segment addresses a broad variety of products and end
markets. The transit and shuttle bus markets include applications such as airport
car rental and hotel/motel shuttles, paramedical transit vehicles for hospitals
and nursing homes, tour and charter operations, daycare and student transportation,
mobility vans for wheelchair users, and numerous other applications. We believe
the commercial bus markets we serve will sustain positive long-term growth supported
by growing levels of urbanization which will require increasing commercial bus
usage, increased government transportation spending, an aging and growing U.S.
population driving demand for shuttle buses and mobility vans, a necessary replacement
cycle of public and private bus customers and the introduction of new bus products.
The demand for school buses is driven by the need for student transportation
primarily in the United States and Canada. Within this market, we believe important
demand drivers are the increasing number of students, the replacement cycle
of in-service vehicles, substitution by private contract companies as the provider
of student transportation from school districts (thus requiring the purchase
of new buses) and legislated replacements. Insurance providers and state legislatures
are increasingly requiring replacement of non-conforming vans which often drives
a substitution purchase of our Type A product because of its numerous legislated
safety features and benefits versus traditional van products.
Terminal truck demand is driven by replacement of in-service fleets, growth
in trade and the increased use of intermodal freight services and warehouses.
We anticipate ongoing growth in global trade will result in higher future intermodal
freight traffic growth. Sweeper demand is also driven by replacement of in-service
fleets by contractors and rental companies as well as growth in infrastructure
and construction spending. Sweepers are used in various applications within
the construction and road and highway infrastructure markets.
Our end markets include the municipal market (vehicles for essential services
such as emergency response, patient transportation and student transportation),
the private contractor market (privately owned fleets that provide transportation
services), the consumer market (vehicles for transportation, leisure and mobility
needs) and the industrial/commercial markets (vehicles for transportation, construction
projects and global port and intermodal transportation applications). Based
on aggregated available industry data, we estimate that the combined size of
our annual addressable markets is approximately 112,000 vehicles with $800 million
of potential aftermarket parts sales at current market volume levels.
Our top 10 customers combined accounted for approximately 19% of our net sales,
with no customer representing more than 5% of our net sales in the same period.
We and our predecessor and acquired companies have operated in our businesses
for many years, and many of our brands have been trusted names in the marketplace
for decades. As a result, we are able to take advantage of many long-term customer
relationships.
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Rev Group Inc's Comment on Sales, Marketing and Customers
We operate primarily in the United States in the fire and emergency, commercial
and recreation markets. We sell internationally through dealers and agents to
end markets that utilize U.S.-style chassis and product configurations. In December
2017, we also established a joint venture with China’s Chery Holding Group
in Wuhu to manufacture RVs, ambulances and other specialty vehicles for distribution
within China and select international markets. These products will be sold in
China and internationally through Chery’s existing distribution network.
Fire and Emergency Markets
Fire and emergency products are used by municipalities and private contractors
to provide essential services such as emergency response, patient transport
and fire suppression, among other activities. Nearly all fire apparatus and
ambulances are customized in some form; however, they share many common production,
sales and component attributes such as similar manufacturing and engineering
processes, raw materials (aluminum, lights, wire harnesses, paint and coatings,
among others), and dealer-based distribution channels. The sales prices for
our fire and emergency products can vary considerably given their highly customized
nature, but generally range from $160,000 to $650,000 for pumper trucks, $475,000
to $1,200,000 for aerial fire trucks and $65,000 to $350,000 for ambulances.
Demand is driven primarily by the replacement of in-service fleets, as well
as by factors such as a growing aged population and a growing overall population
(driving increased patient transportation and emergency response needs), new
real
estate developments, taller buildings (requiring more aerial vehicles), international
airport growth (requiring Federal Aviation Administration-specified ARFF vehicles),
and higher municipal funding levels. Local tax revenues are an important source
of funding for fire and emergency response departments in addition to Federal
grant money and locally raised funding. We estimate that ambulances have useful
lives of 5-7 years and generally operate on a 24/7 schedule, driving significant
annual mileage which ultimately creates a replacement or remount sale as their
underlying chassis wears out. We estimate that pumper trucks and aerial fire
trucks have useful lives of 10-12 years and 20-30 years, respectively, and that
these fire apparatus vehicles become obsolete before they wear out due to the
fact that technology continues to advance, and the vehicles would otherwise
have a long-life span because they generally operate at lower levels of annual
miles driven.
We believe that a growing aged population, longer life expectancy, urbanization
and the increasing use of emergency vehicles for non-critical care transport
are all positive trends for the ambulance market.
Commercial Markets
REV’s Commercial segment addresses a broad variety of products and end
markets. The transit and shuttle bus markets include applications such as airport
car rental and hotel/motel shuttles, paramedical transit vehicles for hospitals
and nursing homes, tour and charter operations, daycare and student transportation,
mobility vans for wheelchair users, and numerous other applications. We believe
the commercial bus markets we serve will sustain positive long-term growth supported
by growing levels of urbanization which will require increasing commercial bus
usage, increased government transportation spending, an aging and growing U.S.
population driving demand for shuttle buses and mobility vans, a necessary replacement
cycle of public and private bus customers and the introduction of new bus products.
The demand for school buses is driven by the need for student transportation
primarily in the United States and Canada. Within this market, we believe important
demand drivers are the increasing number of students, the replacement cycle
of in-service vehicles, substitution by private contract companies as the provider
of student transportation from school districts (thus requiring the purchase
of new buses) and legislated replacements. Insurance providers and state legislatures
are increasingly requiring replacement of non-conforming vans which often drives
a substitution purchase of our Type A product because of its numerous legislated
safety features and benefits versus traditional van products.
Terminal truck demand is driven by replacement of in-service fleets, growth
in trade and the increased use of intermodal freight services and warehouses.
We anticipate ongoing growth in global trade will result in higher future intermodal
freight traffic growth. Sweeper demand is also driven by replacement of in-service
fleets by contractors and rental companies as well as growth in infrastructure
and construction spending. Sweepers are used in various applications within
the construction and road and highway infrastructure markets.
Our end markets include the municipal market (vehicles for essential services
such as emergency response, patient transportation and student transportation),
the private contractor market (privately owned fleets that provide transportation
services), the consumer market (vehicles for transportation, leisure and mobility
needs) and the industrial/commercial markets (vehicles for transportation, construction
projects and global port and intermodal transportation applications). Based
on aggregated available industry data, we estimate that the combined size of
our annual addressable markets is approximately 112,000 vehicles with $800 million
of potential aftermarket parts sales at current market volume levels.
Our top 10 customers combined accounted for approximately 19% of our net sales,
with no customer representing more than 5% of our net sales in the same period.
We and our predecessor and acquired companies have operated in our businesses
for many years, and many of our brands have been trusted names in the marketplace
for decades. As a result, we are able to take advantage of many long-term customer
relationships.
REVG's vs. Customers, Data
(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)
COMPANY NAME |
MARKET CAP |
REVENUES |
INCOME |
EMPLOYEES |
Rev Group Inc |
1,160.15 |
2,637.10 |
45.30 |
7,600 |
SUBTOTAL |
0.00 |
0.00 |
0.00 |
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