Brief: REV Group Says Co To Discontinue Manufacturing Operations At Eldorado National Facility

Rev

31/01/2024 14:24

Jan 31 (Reuters) - REV Group Inc  REVG.N :
    * REVENUE GROUP - ON JAN 25 BOARD AUTHORIZED PLAN TO
DISCONTINUE
MANUFACTURING OPERATIONS AT COMPANY'S ELDORADO NATIONAL FACILITY
IN RIVERSIDE, CALIFORNIA
    * REVENUE GROUP INC - IN CONNECTION WITH PLAN CURRENTLY
EXPECTS TO
INCUR PRE-TAX CHARGES OF APPROXIMATELY $23 MILLION TO $29
MILLION
    * REVENUE GROUP - PLAN WILL COMMENCE IMMEDIATELY AND IS
EXPECTED
TO BE SUBSTANTIALLY COMPLETE BY END OF FISCAL YEAR 2024
    * REVENUE GROUP INC - CURRENTLY EXPECTS CHARGES RESULTING
FROM
PLAN WILL BE INCURRED DURING FISCAL YEAR 2024
    * REVENUE GROUP INC - EFFECTIVE JANUARY 26, 2024, COMPANY
COMPLETED SALE OF COLLINS

Source text for Eikon:  ID:n0000950170-24-009141 
Further company coverage:  REVG.N 

 ((Reuters.Briefs@thomsonreuters.com;))