Reflecting On Heavy Transportation Equipment Stocks’ Q2 Earnings: REV Group (NYSE:REVG)

October 07, 2025 at 23:36 PM EDT

REVG Cover Image

The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how REV Group (NYSE: REVG) and the rest of the heavy transportation equipment stocks fared in Q2.

Heavy transportation equipment companies are investing in automated vehicles that increase efficiencies and connected machinery that collects actionable data. Some are also developing electric vehicles and mobility solutions to address customers’ concerns about carbon emissions, creating new sales opportunities. Additionally, they are increasingly offering automated equipment that increases efficiencies and connected machinery that collects actionable data. On the other hand, heavy transportation equipment companies are at the whim of economic cycles. Interest rates, for example, can greatly impact the construction and transport volumes that drive demand for these companies’ offerings.

The 13 heavy transportation equipment stocks we track reported a very strong Q2. As a group, revenues beat analysts’ consensus estimates by 2.6%.

In light of this news, share prices of the companies have held steady as they are up 3.9% on average since the latest earnings results.

REV Group (NYSE: REVG)

Offering the first full-electric North American fire truck, REV (NYSE: REVG) manufactures and sells specialty vehicles.

REV Group reported revenues of $644.9 million, up 11.3% year on year. This print exceeded analysts’ expectations by 5%. Overall, it was a stunning quarter for the company with a solid beat of analysts’ EBITDA estimates.

“We are pleased with our continued momentum this quarter, highlighted by robust growth in shipments and earnings across the Specialty Vehicles segment. Third quarter performance reflects the continued improvement of our manufacturing capabilities, the strength of our customer relationships, and operational resilience in a dynamic market,” REV Group Inc. President and CEO, Mark Skonieczny, said.

REV Group delivered the weakest full-year guidance update of the whole group. Interestingly, the stock is up 5.6% since reporting and currently trades at $54.70.

Is now the time to buy REV Group? Access our full analysis of the earnings results here, it’s free for active Edge members.

Best Q2: Cummins (NYSE: CMI)

With more than half of the heavy-duty truck market using its engines at one point, Cummins (NYSE: CMI) offers engines and power systems.

Cummins reported revenues of $8.64 billion, down 1.7% year on year, outperforming analysts’ expectations by 3.4%. The business had an incredible quarter with an impressive beat of analysts’ EBITDA estimates.

The market seems happy with the results as the stock is up 20% since reporting. It currently trades at $434.17.

Is now the time to buy Cummins? Access our full analysis of the earnings results here, it’s free for active Edge members.

Weakest Q2: Trinity (NYSE: TRN)

Operating under the trade name TrinityRail, Trinity (NYSE: TRN) is a provider of railcar products and services in North America.

Trinity reported revenues of $506.2 million, down 39.8% year on year, falling short of analysts’ expectations by 13.3%. It was a slower quarter as it posted a significant miss of analysts’ revenue and EPS estimates.

Trinity delivered the weakest performance against analyst estimates and slowest revenue growth in the group. Interestingly, the stock is up 10.2% since the results and currently trades at $27.56.

Read our full analysis of Trinity’s results here.

PACCAR (NASDAQ: PCAR)

Founded more than a century ago, PACCAR (NASDAQ: PCAR) designs and manufactures commercial trucks of various weights and sizes for the commercial trucking industry.

PACCAR reported revenues of $6.96 billion, down 20.6% year on year. This result topped analysts’ expectations by 2.6%. Overall, it was an exceptional quarter as it also put up an impressive beat of analysts’ EBITDA estimates.

The stock is up 3.9% since reporting and currently trades at $96.51.

Read our full, actionable report on PACCAR here, it’s free for active Edge members.

Wabtec (NYSE: WAB)

Also known as Wabtec, Westinghouse Air Brake Technologies (NYSE: WAB) provides equipment, systems, and related software for the railway industry.

Wabtec reported revenues of $2.71 billion, up 2.3% year on year. This print came in 2.5% below analysts' expectations. Overall, it was a slower quarter as it also recorded a significant miss of analysts’ revenue estimates.

The stock is down 7.8% since reporting and currently trades at $197.80.

Read our full, actionable report on Wabtec here, it’s free for active Edge members.

Market Update

The Fed’s interest rate hikes throughout 2022 and 2023 have successfully cooled post-pandemic inflation, bringing it closer to the 2% target. Inflationary pressures have eased without tipping the economy into a recession, suggesting a soft landing. This stability, paired with recent rate cuts (0.5% in September 2024 and 0.25% in November 2024), fueled a strong year for the stock market in 2024. The markets surged further after Donald Trump’s presidential victory in November, with major indices reaching record highs in the days following the election. Still, questions remain about the direction of economic policy, as potential tariffs and corporate tax changes add uncertainty for 2025.

Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Quality Compounder Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.

About Us

About Cabling Installation & Maintenance

Contact Cabling Installation & Maintenance

Editorial

Advertising and Sponsorship Sales

Subscriptions and Memberships

Feedback/Problems