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REVG News
REVG Events
Middleby Corporation Appoints Amy Campbell as CFO of Food Processing Business
The Middleby Corporation (MIDD) announced that Amy Campbell will serve as Chief Financial Officer of the Food Processing business when it becomes an independent public company in the second quarter of 2026. This appointment follows the recent announcement of Mark Salman as Chief Executive Officer and completes the leadership team that will guide the Food Processing business as it embarks on its next chapter of growth as an independent, publicly traded company. Campbell joins The Middleby Corporation, effective immediately. Campbell most recently served as CFO of REV Group (REVG)
Texas Attorney General Investigates Firetruck Manufacturers
Texas Attorney General Ken Paxton has opened an investigation into firetruck manufacturers for potential anticompetitive conduct following complaints raised by Texas municipalities and their fire departments. In recent years, fire departments across Texas have experienced dramatic price increases for essential firefighting equipment-including aerial ladder trucks, pumper engines, tanker trucks, and rescue vehicles-along with significant delays in delivery. This has strained local budgets and forced firefighters to rely on aging or inadequate fleets, hampering their ability to protect Texas communities. These price spikes, often reaching hundreds of thousands of dollars per vehicle, have coincided with industry consolidation and suspicious plant closures during peak demand. The manufacturers under investigation include REV Group (REVG), Oshkosh Corporation (OSK), and Rosenbauer Group. Attorney General Paxton has issued Civil Investigative Demands demanding documents and information related to their business practices from all three companies as part of this ongoing investigation.
Terex Completes Merger with REV Group
Terex (TEX) announced the successful completion of its merger with REV Group (REVG) to form a premier specialty equipment manufacturer with a diversified portfolio and strong growth prospects. In connection with the completion of the merger, REV stock ceased trading and is no longer listed on the New York Stock Exchange. The combined company will trade on the New York Stock Exchange as Terex (TEX).
Terex and REV Group Receive Shareholder Approval for Merger
Terex (TEX) and REV Group (REVG) have each received the necessary stockholder approvals to complete the merger of Terex and REV at each company's Special Meeting of Stockholders. The companies expect to close the transaction in the first week of February 2026, subject to the satisfaction or waiver of the remaining closing conditions.
Federal Reserve Cuts Rates by 25 Basis Points, Major Averages Close Higher
The major averages closed the day broadly higher after the Federal Reserve cut the federal funds rate by 25 basis points, a reduction many had anticipated. The Fed said policymakers' median projection for the end of 2026 has the funds rate at 3.4%, adding that economic activity is expanding, though unemployment "edged up." Of note, Fed chair Jay Powell said that recent rate cuts should help stabilize the labor market, and that near-term risks to inflation are "tilted to the upside."Looking to commodities, gold was fractionally higher, with the commodity continuing its up-and-down run. Oil prices, meanwhile, closed higher after a downward turn earlier in the session.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:GE Vernovadoubled its quarterly dividend, raised its buyback authorization, updated its FY25 revenue guidance, andCracker Barrelreportedand cut its FY26 revenue guidanceSK Hynix is exploring a U.S. listing to lift its global valuation,Amazonwill pay Italian tax authorities EUR723M in a settlement,The Federal Reservefor its third straight meeting, with three dissents, and issued projections that point to one cut being expected in 20262. WALL STREET CALLS:GE Vernovato Outperform at RBC Capital and Oppenheimer after the company raised its medium-term outlookEchoStarto Overweight at Morgan StanleyPepsiCoto Overweight at JPMorganRobloxwith a Buy at B. RileyHSBCBiogento Reduce, its sell-equivalent rating3. AROUND THE WEB:Chubbhas made an informal takeover approach for AIG,After Netflixannounced its deal for Warner Bros. Discovery, Larry Ellison called President Donald Trump to argue it would hurt competition,Nvidiahas built location verification technology to indicate what country its chips are operating in, a move that could help prevent the chips from being smuggled into countries where the export is banned,AirbusCEO Guillaume Faury said it was possible Boeingwould win in the annual order race for the first time in six years,CoupangCEO Park Dae-jun has resigned and is taking responsibility for a massive data breach at the company,s4. MOVERS:Brazeincreases afterand raising its guidance for FY26Photronicsand Dave & Buster'sgain afterTerns Pharmaceuticalshigher after announcing aAeroVironmentfalls afterand cutting its guidance for FY26Instacartand DoorDashlower after Amazon5. EARNINGS/GUIDANCE:Chewy, with EPS and revenue beating consensusJ.Jilland provided guidance for FY25 and Q4, with CEO Mary Ellen Coyne commenting, "We delivered better than expected earnings results with topline at the high end of our expectations"Hello Group, with EPS and revenue lower year-over-yearREV Group, with EPS and revenue beating consensusDaktronics, with interim CEO Brad Wiemann commenting, "We delivered another solid quarter of revenue and profit expansion"INDEXES:The Dow rose 497.46, or 1.05%, to 48,057.75, the Nasdaq gained 77.67, or 0.33%, to 23,654.16, and the S&P 500 advanced 46.17, or 0.67%, to 6,886.68.
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