REV Group, Inc. (NYSE:REVG) Q2 2022 Earnings Conference Call June 7, 2022 10:00 AM ET

Company Participants

Drew Konop – VP, IR and Corporate Development

Rod Rushing – CEO

Mark Skonieczny – CFO

Conference Call Participants

Jerry Revich - Goldman Sachs

Mig Dobre – Robert W. Baird

John Joyner - BMO Capital Markets

Operator

Greetings. Welcome to the REV Group, Incorporated Second Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions]. Please note this conference is being recorded. I will now turn the conference over to Drew Konop, VP Investor Relations and Corporate Development. Thank you. You may begin.

Drew Konop

Hi, thank you Sherry. Good morning and thanks for joining us. Earlier today we issued our second quarter fiscal 2022 results. A copy of the release is available on our website at investors.revgroup.com. Today's call is being webcast and a slide presentation, which includes a reconciliation of non-GAAP to GAAP financial measures is available on our website.

Please refer now to Slide 2 of that presentation. Our remarks and answers will include forward-looking statements which are subject to risks that could cause actual results to differ from those expressed or implied by such forward-looking statements. These risks include among others, matters that we have described in our Form 8-K filed with the SEC earlier today, and other filings that we make with the SEC. We disclaim any obligation to update these forward-looking statements, which may not be updated until our next quarterly earnings conference call, if at all. All references on this call to a quarter or a year on our fiscal quarter or fiscal year unless otherwise stated. Joining me today on the call are President and CEO, Rod Rushing, as well as our CFO, Mark Skonieczny. Please turn now to Slide 3 and I'll turn the call over to Rod.

Rod Rushing

Thank you Drew and good morning to everyone joining us on today's call. Today I will provide an overview of the quarter's consolidated performance and then move to commercial, operating, and financial highlights achieved within the quarter before turning it over to Mark for a detailed segment financials. Second quarter results reflect continued strong order demand and execution in a challenging supply chain environment that has impacted industrials for the past three quarters. Strong demand for components and materials combined with lingering labor challenges within our supply base have restricted the availability of key components such as wiring harnesses, radiators, axles, and others. As a result, our businesses that manufacture purpose built chassis such as fire apparatus and municipal transit buses continue to experience throughput challenges and labor inefficiencies related to rework as these components are received.