BROOKFIELD, Wis. - REV Group, Inc. (NYSE:REVG), a manufacturer of specialty vehicles, announced the appointment of Amy Campbell as its new Chief Financial Officer, effective today. Campbell joins the executive leadership team and will be reporting directly to Mark Skonieczny, the CEO and President of REV Group.
Campbell brings a wealth of experience to her new role at REV Group. Her career includes significant financial leadership positions, most recently serving as CFO of ASC Engineered Solutions and the Commercial and Industrial Division of BrandSafway. She also had a notable 23-year tenure at Caterpillar (NYSE:CAT), Inc., where she held various segment CFO roles, served as Vice President of Investor Relations, and was the Chief Audit Officer.
"Amy is an experienced and highly respected finance executive," said Mark Skonieczny. "I am thrilled she's joining our leadership team and look forward to working together. With her broad financial experience, she will provide important leadership and guidance to REV Group."
Campbell's academic credentials include graduating summa cum laude from Illinois Wesleyan University with a major in accounting and a minor in economics. She is a Certified Public Accountant, a Certified Internal Auditor, and a Certified 6 Sigma Blackbelt. Additionally, Campbell is an alumnus of the Kellogg (NYSE:K) School of Management's Women's Senior Leadership program at Northwestern (NASDAQ:NWE) University and the Digging Deep Executive Leadership program at Duke University.
REV Group is known for designing and manufacturing specialty vehicles and aftermarket parts and services. Its customer base spans across public services, including ambulances and fire apparatus, and commercial infrastructure, such as terminal trucks and industrial sweepers. The company also produces recreational vehicles, from Class B vans to Class A motorhomes, through its Recreational Vehicles Segment.
The information in this article is based on a press release statement from REV Group, Inc.
InvestingPro Insights
As REV Group, Inc. (NYSE:REVG) welcomes Amy Campbell to its executive team, the company's financial health and market performance remain key factors for investors and stakeholders. According to InvestingPro data, REV Group is currently trading at an attractive earnings multiple with a P/E ratio of 5.43, which may indicate an undervalued stock in comparison to the industry average. Additionally, the company's market capitalization stands at approximately $1.17 billion, reflecting its position within the specialty vehicle manufacturing sector.
Despite some concerns about weak gross profit margins, with the latest figures showing a 12.16% gross profit margin over the last twelve months as of Q1 2024, REV Group has demonstrated resilience in the market. This is evidenced by a significant 141.24% one-year price total return, suggesting strong investor confidence and a bullish trend for the stock. Moreover, the company has maintained a steady revenue growth of 11.03% over the last twelve months, highlighting its ability to expand its financial base in a competitive industry.
An InvestingPro Tip to consider is that REV Group holds more cash than debt on its balance sheet, which provides the company with financial flexibility and may be a reassuring sign for investors looking for stability. On the flip side, it's worth noting that 3 analysts have revised their earnings expectations downwards for the upcoming period, which could signal potential challenges ahead.
Investors interested in a deeper dive into REV Group's performance and outlook can find additional InvestingPro Tips at https://www.investing.com/pro/REVG. There are 6 more tips available on the platform, offering a comprehensive analysis of the company's financial and market position. For those seeking to expand their investment tools, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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