REV Group, Inc. (NYSE:REVG) Q3 2024 Earnings Conference Call September 4, 2024 10:00 AM ET

Company Participants

Drew Konop - Vice President, Investor Relations
Mark Skonieczny - President & CEO
Amy Campbell - CFO

Conference Call Participants

Jerry Revich - Goldman Sachs
Angel Castillo - Morgan Stanley
Mig Dobre - Baird
Mike Shlisky - D.A. Davidson

Operator

Greetings. Welcome to REV Group's Third Quarter 2024 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] As a reminder, this conference is being recorded.

I will now turn the conference over to your host, Drew Konop. Thank you. You may begin.

Drew Konop

Good morning, and thanks for joining us. Earlier today, we issued our third quarter fiscal 2024 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 risk that could cause the actual results to differ from those expressed or implied by such forward-looking statements. These risks include, among others, matters that we've described in our Form 8-K filed with the SEC earlier today and other filings we made 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 the call today are to a quarter or a year or our fiscal quarter or fiscal year unless otherwise stated.

Joining me on the call today is our President and CEO, Mark Skonieczny as well as our CFO, Amy Campbell. Please turn to Slide 3 and I'll turn the call over to Mark.

Mark Skonieczny

Thank you, Drew and good morning to everyone joining us on today's call. Today I'll provide an overview of the operating, commercial and financial highlights achieved within the quarter then move to the quarter's consolidated financial performance. We are pleased to have delivered another strong quarter of operating results that reflect continued success and execution of our strategies to improve the performance of our municipal backlog businesses, while managing the impact of a challenging environment in our cyclical businesses.

Double-digit margin performance has been the target for each of our businesses since I arrived in 2020 and I applaud the various teams that contributed to the Specialty Vehicles segment achieving an adjusted EBITDA margin of 10.3% in the third quarter. Within the quarter, our ambulance business continued to benefit from momentum, it has built over the past several quarters with programs designed to increase line rates and improve efficiencies.