RVIA Economic Impact Study

The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.

Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .

REV Group Ends 2016 with More than $30M Profit

Fri Dec 30, 2016

Rev Group Inc., one of Milwaukee’s newest corporate residents, ended its 2016 fiscal year with a more than $30 million profit and nearly $2 billion in revenue.

The specialty vehicle maker is led by former Bucyrus chief executive officer Tim Sullivan and moved its headquarters to Milwaukee from Orlando earlier this year. BizTimes recognized Sullivan as CEO of the Year for bringing the headquarters Rev Group and Gardner Denver (in 2014) to Milwaukee and for his public statements about planning to bring work to the Century City site.

The company is working toward an initial public offering sometime next year and filed an amended prospectus with its full 2016 financial results last week. The filing also indicated the company has applied to be listed on the New York Stock Exchange. Which exchange the company would be listed on was not included on previous filings.

The filings did not set a date for the IPO, which was estimated at $100 million in the company’s initial filing.

Additional Information: https://www.biztimes.com/2016/12/28/rev-group-profit-tops-30-million-in-2016/