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BROOKFIELD, Wis. - REV Group, Inc. (NYSE:REVG), a specialty vehicle manufacturer with a market capitalization of $2.1 billion and strong financial health according to InvestingPro metrics, has promoted Linas Polteraitis to chief supply chain officer, the company announced in a press release Tuesday.
Polteraitis, who joined the company in September 2023 as vice president of supply chain, will continue to report to CEO and President Mark Skonieczny.
"Linas has been instrumental in strengthening REV’s procurement and supply chain operations," Skonieczny said. "He has built a high-performing team and fostered strong supplier partnerships."
Before joining REV Group, Polteraitis served as senior director of supply chain at Otis Worldwide, where he led strategic initiatives to increase sales and profitability. His previous experience includes leadership roles at Adient, Aptiv, ZF TRW, DMAX, General Motors Corporation, and Isuzu Motors America.
During his time at Otis Worldwide, Polteraitis received the CEO Award for his work related to COVID-19 and global supply chain disruption mitigation. He holds a Bachelor of Arts in Supply Chain Management from Michigan State University.
REV Group manufactures specialty vehicles through two segments: Specialty Vehicles, which includes ambulances, fire apparatus, terminal trucks and industrial sweepers; and Recreational Vehicles, which produces various RVs from Class B vans to Class A motorhomes. The company has demonstrated strong market performance with a 63.6% return over the past year. For detailed analysis and additional insights, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, REV Group reported stronger-than-expected financial results for the second quarter of fiscal year 2025. The company achieved an earnings per share (EPS) of $0.70, surpassing the forecasted $0.55, and revenue of $629.1 million, exceeding the anticipated $603.5 million. The Specialty Vehicles segment was a key driver, with a 12.2% increase in sales, contributing to an overall 7.7% year-over-year revenue growth. DA Davidson analysts responded by raising the price target for REV Group stock to $51 from $39, maintaining a Buy rating. They highlighted the company’s increased EBITDA forecast and strong guidance for fiscal year 2027 as positive indicators. Additionally, REV Group announced a strategic exit from the non-motorized travel trailer business, aligning with its focus on scalable operations. The company also provided updated full-year revenue guidance of $2.35 billion to $2.45 billion, with an adjusted EBITDA range of $200 million to $220 million. These developments reflect REV Group’s ongoing efforts to enhance operational efficiency and capitalize on market demand.
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