REV (REVG) 10-Q 12 Sep 23 2023 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jul. 31, 2023	Sep. 11, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 31, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--10-31
Entity File Number	001-37999
Trading Symbol	REVG
Title of 12(b) Security	Common Stock ($0.001 Par Value)
Security Exchange Name	NYSE
Entity Registrant Name	REV Group, Inc.
Entity Central Index Key	0001687221
Entity Incorporation, State or Country Name	DE
Entity Tax Identification Number	26-3013415
Entity Address, Address Line One	245 South Executive Drive, Suite 100
Entity Address, City or Town	Brookfield
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	53005
City Area Code	414
Local Phone Number	290-0190
Entity Interactive Data Current	Yes
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		59,309,107
Document Transition Report	false
Document Quarterly Report	true

Condensed Unaudited Consolidate

Condensed Unaudited Consolidated Balance Sheets - USD ($) $ in Millions	Jul. 31, 2023	Oct. 31, 2022
Current assets:
Cash and cash equivalents	$ 11	$ 20.4
Accounts receivable, net	210.6	215
Inventories, net	644	629.5
Other current assets	41.4	23.5
Total current assets	907	888.4
Property, plant and equipment, net	152.6	148.9
Goodwill	157.3	157.3
Intangible assets, net	116.2	119.2
Right of use assets	38	20.2
Other long-term assets	8.4	10.6
Total assets	1,379.5	1,344.6
Current liabilities:
Accounts payable	192.7	163.9
Short-term customer advances	236.6	258
Short-term accrued warranty	21.9	18.9
Short-term lease obligations	7.8	6.1
Other current liabilities	89.3	80.5
Total current liabilities	548.3	527.4
Long-term debt	179	230
Long-term customer advances	112.2	74.8
Deferred income taxes	18.6	21
Long-term lease obligations	30.4	14.2
Other long-term liabilities	22.4	20.9
Total liabilities	910.9	888.3
Commitments and contingencies
Shareholders' Equity:
Preferred stock ($.001 par value, 95,000,000 shares authorized; none issued or outstanding)
Common stock ($.001 par value, 605,000,000 shares authorized; 59,309,107 and 59,323,534 shares issued and outstanding, respectively)	0.1	0.1
Additional paid-in capital	442.7	436.4
Retained earnings	26	19.5
Accumulated other comprehensive (loss) income	(0.2)	0.3
Total shareholders' equity	468.6	456.3
Total liabilities and shareholders' equity	$ 1,379.5	$ 1,344.6

Condensed Unaudited Consolida_2

Condensed Unaudited Consolidated Balance Sheets (Parenthetical) - $ / shares	Jul. 31, 2023	Oct. 31, 2022
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, authorized shares	95,000,000	95,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, authorized shares	605,000,000	605,000,000
Common stock, shares issued	59,309,107	59,323,534
Common stock, shares outstanding	59,309,107	59,323,534

Condensed Unaudited Consolida_3

Condensed Unaudited Consolidated Statements of Income and Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Income Statement [Abstract]
Net sales	$ 680	$ 594.8	$ 1,944.7	$ 1,708.1
Cost of sales	599.8	527	1,724.1	1,527.4
Gross profit	80.2	67.8	220.6	180.7
Operating expenses:
Selling, general and administrative	52.6	46.1	170.6	144.2
Research and development costs	1.3	0.9	3.5	2.9
Amortization of intangible assets	0.6	1.3	3	5.7
Restructuring costs	0	2.3	0	8.9
Total operating expenses	54.5	50.6	177.1	161.7
Operating income	25.7	17.2	43.5	19
Interest expense, net	7.3	4.3	21.9	11.2
Loss on investment in China JV			0.7
Loss on sale of business			1.1	0.1
Income before provision for income taxes	18.4	12.9	19.8	7.7
Provision for income taxes	3.5	3.4	4.2	1.2
Net income	14.9	9.5	15.6	6.5
Other comprehensive (loss) income , net of tax			(0.5)	0.2
Comprehensive income	$ 14.9	$ 9.5	$ 15.1	$ 6.7
Net income per common share:
Basic	$ 0.25	$ 0.16	$ 0.27	$ 0.11
Diluted	0.25	0.16	0.26	0.1
Dividends declared per common share	$ 0.05	$ 0.05	$ 0.15	$ 0.15

Condensed Unaudited Consolida_4

Condensed Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022
Cash flows from operating activities:
Net income	$ 15.6	$ 6.5
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	19.7	25.2
Amortization of debt issuance costs	1.2	1.3
Stock-based compensation expense	11	6.3
Deferred income taxes	(2.4)	2.2
Gain on sale of assets	(0.5)	(0.5)
Loss on investment in China JV	0.7
Loss on sale of business	1.1	0.1
Changes in operating assets and liabilities, net	27	18.4
Net cash provided by operating activities	73.4	59.5
Cash flows from investing activities:
Purchase of property, plant and equipment	(19.7)	(15.9)
Proceeds from sale of assets	0.5	2.8
Proceeds from sale of China JV	0.6	1.8
Proceeds from sale of business	0.6
Net cash used in investing activities	(18)	(11.3)
Cash flows from financing activities:
Net (payments) proceeds from borrowings on revolving credit facility	(51)	35
Payment of dividends	(9.1)	(9.4)
Repurchase and retirement of common stock		(70)
Other financing activities	(4.7)	(2.3)
Net cash used in financing activities	(64.8)	(46.7)
Net (decrease) increase in cash and cash equivalents	(9.4)	1.5
Cash and cash equivalents, beginning of period	20.4	13.3
Cash and cash equivalents, end of period	11	14.8
Cash paid (received) for:
Interest	18.5	7.6
Income taxes, net of refunds	$ 7	$ (15.1)

Condensed Unaudited Consolida_5

Condensed Unaudited Consolidated Statements of Shareholders' Equity - USD ($) $ in Millions	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive (Loss) Income [Member]
Balance at Oct. 31, 2021	$ 518.8	$ 0.1	$ 502.1	$ 16.7	$ (0.1)
Balance, shares at Oct. 31, 2021		64,584,291
Net income (loss)	(0.7)			(0.7)
Stock-based compensation expense	2.3		2.3
Exercise of common stock options, shares		2,400
Vesting of restricted and performance stock units and awards, net of employee tax withholdings, shares		274,485
Vesting of restricted and performance stock units and awards, net of employee tax withholdings	(2.1)		(2.1)
Issuance of restricted stock awards, net of forfeitures and employee tax withholdings on vested awards	(2.6)		(2.6)
Issuance of restricted stock awards, net of forfeitures and employee tax withholdings on vested awards, Shares		242,999
Other comprehensive income (loss), net of tax	0.1				0.1
Repurchase and retirement of common stock	(24.4)		(24.4)
Repurchase and retirement of common stock, Shares		(1,980,159)
Dividends declared on common stock	(3.3)			(3.3)
Balance at Jan. 31, 2022	488.1	$ 0.1	475.3	12.7
Balance, shares at Jan. 31, 2022		63,124,016
Balance at Oct. 31, 2021	518.8	$ 0.1	502.1	16.7	(0.1)
Balance, shares at Oct. 31, 2021		64,584,291
Net income (loss)	6.5
Other comprehensive income (loss), net of tax	0.2
Balance at Jul. 31, 2022	448	$ 0.1	434	13.8	0.1
Balance, shares at Jul. 31, 2022		59,343,192
Balance at Jan. 31, 2022	488.1	$ 0.1	475.3	12.7
Balance, shares at Jan. 31, 2022		63,124,016
Net income (loss)	(2.3)			(2.3)
Stock-based compensation expense	2.2		2.2
Other comprehensive income (loss), net of tax	0.1				0.1
Repurchase and retirement of common stock	(21.5)		(21.5)
Repurchase and retirement of common stock, Shares		(1,676,122)
Dividends declared on common stock	(3.1)			(3.1)
Balance at Apr. 30, 2022	463.5	$ 0.1	456	7.3	0.1
Balance, shares at Apr. 30, 2022		61,447,894
Net income (loss)	9.5			9.5
Stock-based compensation expense	1.8		1.8
Exercise of common stock options	0.3		0.3
Exercise of common stock options, shares		42,500
Repurchase and retirement of common stock	(24.1)		(24.1)
Repurchase and retirement of common stock, Shares		(2,147,202)
Dividends declared on common stock	(3)			(3)
Balance at Jul. 31, 2022	448	$ 0.1	434	13.8	0.1
Balance, shares at Jul. 31, 2022		59,343,192
Balance at Oct. 31, 2022	456.3	$ 0.1	436.4	19.5	0.3
Balance, shares at Oct. 31, 2022		59,323,534
Net income (loss)	(13.5)			(13.5)
Stock-based compensation expense	5.9		5.9
Vesting of restricted and performance stock units and awards, net of employee tax withholdings, shares		214,746
Vesting of restricted and performance stock units and awards, net of employee tax withholdings	(1.3)		(1.3)
Forfeitures of restricted stock awards and employee tax withholdings on vested awards, net of issuances	(3.1)		(3.1)
Forfeitures of restricted stock awards and employee tax withholdings on vested awards, net of issuances, Shares		(23,243)
Other comprehensive income (loss), net of tax	(0.5)				(0.5)
Dividends declared on common stock	(3.1)			(3.1)
Balance at Jan. 31, 2023	440.7	$ 0.1	437.9	2.9	(0.2)
Balance, shares at Jan. 31, 2023		59,515,037
Balance at Oct. 31, 2022	456.3	$ 0.1	436.4	19.5	0.3
Balance, shares at Oct. 31, 2022		59,323,534
Net income (loss)	15.6
Other comprehensive income (loss), net of tax	(0.5)
Balance at Jul. 31, 2023	468.6	$ 0.1	442.7	26	(0.2)
Balance, shares at Jul. 31, 2023		59,309,107
Balance at Jan. 31, 2023	440.7	$ 0.1	437.9	2.9	(0.2)
Balance, shares at Jan. 31, 2023		59,515,037
Net income (loss)	14.2			14.2
Stock-based compensation expense	1.6		1.6
Vesting of restricted and performance stock units and awards, net of employee tax withholdings, shares		9,321
Vesting of restricted and performance stock units and awards, net of employee tax withholdings	(0.1)		(0.1)
Forfeitures of restricted stock awards and employee tax withholdings on vested awards, net of issuances	(0.1)		(0.1)
Forfeitures of restricted stock awards and employee tax withholdings on vested awards, net of issuances, Shares		(120,519)
Dividends declared on common stock	(3)			(3)
Balance at Apr. 30, 2023	453.3	$ 0.1	439.3	14.1	(0.2)
Balance, shares at Apr. 30, 2023		59,403,839
Net income (loss)	14.9			14.9
Stock-based compensation expense	3.5		3.5
Vesting of restricted stock units, net of employee tax withholdings	(0.1)		(0.1)
Vesting of restricted stock units, net of employee tax withholdings,Shares		11,411
Forfeitures of restricted stock awards, net of issuances, Shares		(106,143)
Dividends declared on common stock	(3)			(3)
Balance at Jul. 31, 2023	$ 468.6	$ 0.1	$ 442.7	$ 26	$ (0.2)
Balance, shares at Jul. 31, 2023		59,309,107

Basis of Presentation

Basis of Presentation	9 Months Ended
	Jul. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	Note 1. Basis of Presentation The Condensed Unaudited Consolidated Financial Statements include the accounts of REV Group, Inc. (“REV” or “the Company”) and all its subsidiaries. In the opinion of management, the accompanying Condensed Unaudited Consolidated Financial Statements contain all adjustments (which include normal recurring adjustments, unless otherwise noted) necessary to present fairly the financial position, results of operations and cash flows for the periods presented. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States (U.S. GAAP) have been condensed or omitted pursuant to the rules and regulations of the U.S. Securities and Exchange Commission. These Condensed Unaudited Consolidated Financial Statements should be read in conjunction with the audited financial statements and notes thereto included in the Annual Report on Form 10-K of the Company for the fiscal year ended October 31, 2022. The interim results are not necessarily indicative of results for the full year. Equity Sponsor : The Company’s primary equity holders are funds and an investment vehicle associated with AIP CF IV, LLC, which the Company collectively refers to as “American Industrial Partners,” “AIP” or “Sponsor” and which indirectly own approximately 46.5 % of REV Group’s voting equity as of July 31, 2023. AIP is an operations and engineering-focused private equity firm headquartered in New York, New York. Related Party Transactions : During the three months ended July 31, 2023 and July 31, 2022, the Company did no t incur expenses associated with its primary equity holder. During the nine months ended July 31, 2023 and July 31, 2022, the Company reimbursed expenses of its primary equity holder of $ 0.2 million and $ 0.1 million, respectively. These expenses are included in Selling, general and administrative expenses in the Company’s Condensed Unaudited Consolidated Statements of Income and Comprehensive Income. Recent Accounting Pronouncements Accounting Pronouncement - To Be Adopted In September 2022, the FASB issued Accounting Standards Update ("ASU") 2022-04 “Liabilities-Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations”. The amendments in this ASU require that a company that uses a supplier finance program in connection with the purchase of goods or services disclose sufficient information about the program to allow a user of financial statements to understand the program’s nature, activity during the period, changes from period to period, and potential magnitude. ASU 2022-04 is effective for fiscal years beginning after December 15, 2022. We expect to adopt ASU 2022-04 in the first quarter of fiscal year 2024 and are currently evaluating the impact of ASU 2022-04 to our consolidated financial statements.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Jul. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Note 2. Revenue Recognition Substantially all of the Company’s revenue is recognized from contracts with customers with product shipment destinations in the United States and Canada. The Company accounts for a contract when it has approval and commitment from both parties, the rights and payment terms of the parties are identified, the contract has commercial substance and collectability of consideration is probable. The Company determines the transaction price for each contract at inception based on the consideration that it expects to receive for the goods and services promised under the contract. The transaction price excludes sales and usage-based taxes collected and certain “pass-through” amounts collected on behalf of third parties. The Company has elected to expense incremental costs to obtain a contract when the amortization period of the related asset is expected to be less than one year. The Company’s primary source of revenue is generated from the manufacture and sale of specialty vehicles through its direct sales force or dealer network. The Company also generates revenue through separate contracts that relate to the sale of after-market parts and services. Revenue is typically recognized at a point-in-time, when control is transferred, which generally occurs when the product has been shipped to the customer or when it has been picked up from the Company’s manufacturing facilities. Shipping and handling costs that occur after the transfer of control are fulfillment costs that are recorded in Cost of sales in the Condensed Unaudited Consolidated Statements of Income and Comprehensive Income when incurred or when the related product revenue is recognized, whichever is earlier. Periodically, certain customers may request bill-and-hold transactions according to the terms in the contract. In such cases, revenue is not recognized until after control has transferred which is generally when the customer has requested such transaction and has been notified that the product (i) has been completed according to customer specifications, (ii) has passed our quality control inspections, (iii) has been separated from our inventory, (iv) is ready for physical transfer to the customer, and (v) when the Company cannot use the product or redirect the product to another customer. Warranty obligations associated with the sale of a unit are assurance-type warranties that are a guarantee of the unit’s intended functionality and, therefore, do not represent a distinct performance obligation within the context of the contract. Contract Assets and Contract Liabilities The Company is generally entitled to bill its customers upon satisfaction of its performance obligations, and payment is usually received shortly after billing. Payments for certain contracts are received in advance of satisfying the related performance obligations. Such payments are recorded as Customer advances in the Company’s Condensed Unaudited Consolidated Balance Sheets. The Company reduces the contract liabilities when the Company transfers control of the promised good or service. During the three months ended July 31, 2023, and July 31, 2022, the Company recognized $ 26.8 million and $ 39.9 million, respectively, of revenue that was included in the customer advance balances of $ 332.8 million and $ 210.6 million as of October 31, 2022 and October 31, 2021, respectively. During the nine months ended July 31, 2023, and July 31, 2022, the Company recognized $ 109.0 million and $ 97.7 million, respectively, of revenue that was included in the customer advance balances of $ 332.8 million and $ 210.6 million as of October 31, 2022 and October 31, 2021, respectively. The Company’s payment terms do not include a significant financing component outside of the Fire & Emergency ("F&E") segment. Within the F&E segment, customers earn interest on customer advances at a rate determined at contract inception. The Company incurred interest charges on customer advances during the three months ended July 31, 2023, and July 31, 2022 of $ 2.2 million and $ 1.7 million, respectively. The Company incurred interest charges on customer advances during the nine months ended July 31, 2023, and July 31, 2022 of $ 6.3 million and $ 4.9 million, respectively. The interest charges were recorded in Interest expense in the Condensed Unaudited Statements of Income and Comprehensive Income. The Company does not have significant contract assets. Remaining Performance Obligations As of July 31, 2023, the Company had unsatisfied performance obligations for non-cancelable contracts with an original duration greater than one year totaling $ 3,004.2 million, of which $ 1,277.1 million is expected to be satisfied and recognized in revenue in the next twelve months and $ 1,727.1 million is expected to be satisfied and recognized in revenue thereafter .

Leases

Leases	9 Months Ended
	Jul. 31, 2023
Leases [Abstract]
Leases	Note 3. Leases The Company leases certain administrative and production facilities and equipment under long-term, non-cancelable operating lease agreements. The Company determines if an arrangement is or contains a lease at contract inception and recognizes a ROU asset and a lease liability based on the present value of fixed, and certain index-based lease payments at the lease commencement date. Variable payments are excluded from the present value of lease payments and are recognized in the period in which the payment is made. Lease agreements may include options to extend or terminate the lease or purchase the underlying asset. In situations where the Company is reasonably certain to exercise such options, they are considered in determining the lease term and the associated option payments, or exercise price in the case of an option to purchase, are included in the measurement of the lease liabilities and ROU assets. The Company’s leases generally do not include restrictive financial or other covenants, or residual value guarantees. The Company generally uses its incremental borrowing rate as the discount rate for measuring its lease liabilities, as the Company cannot determine the interest rate implicit in the lease because it does not have access to certain lessor specific information. Lease expense is recognized on a straight-line basis over the lease term. The Company does not have significant finance leases. During the three and nine months ended July 31, 2023, the Company recognized total operating lease costs resulting from fixed lease payments of $ 2.8 million and $ 8.1 million, respectively. During the same period, the Company paid cash of $ 2.7 million and $ 8.0 million, respectively, for amounts included in the measurement of lease liabilities. During the three and nine months ended July 31, 2022, the Company recognized total operating lease costs resulting from fixed lease payments of $ 2.4 million and $ 7.1 million, respectively. During the same period, the Company paid cash of $ 2.5 million and $ 7.2 million, respectively, for amounts included in the measurement of lease liabilities. As of July 31, 2023, future minimum operating lease payments are summarized by fiscal year in the table below: Remaining three months of fiscal year 2023 $ 2.7 2024 9.8 2025 8.4 2026 7.0 2027 6.5 Thereafter 11.5 Total undiscounted lease payments 45.9 Less: imputed interest ( 7.7 ) Total lease liabilities $ 38.2 As of July 31, 2023, the weighted average remaining lease term and the weighted average discount rate for operating leases was 5.8 years and 6.6 %, respectively. As of July 31, 2022, the weighted average remaining lease term and the weighted average discount rate for operating leases was 5.7 years and 5.1 %, respectively.

Inventories

Inventories	9 Months Ended
	Jul. 31, 2023
Inventory Disclosure [Abstract]
Inventories	Note 4. Inventories Inventories consisted of the following: July 31, October 31, Chassis $ 119.5 $ 82.7 Raw materials & parts 221.3 240.6 Work in process 270.3 281.1 Finished products 42.0 35.5 653.1 639.9 Less: reserves ( 9.1 ) ( 10.4 ) Total inventories, net $ 644.0 $ 629.5

Property, Plant and Equipment

Property, Plant and Equipment	9 Months Ended
	Jul. 31, 2023
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Note 5. Property, Plant and Equipment Property, plant and equipment consisted of the following: July 31, October 31, Land & land improvements $ 18.8 $ 18.6 Buildings & improvements 109.5 105.4 Machinery & equipment 101.1 95.4 Rental & used vehicles 2.1 2.1 Computer hardware & software 62.4 60.6 Office furniture & fixtures 5.3 5.0 Construction in process 13.1 6.6 312.3 293.7 Less: accumulated depreciation ( 159.7 ) ( 144.8 ) Total property, plant and equipment, net $ 152.6 $ 148.9 Depreciation expense was $ 5.7 million and $ 5.6 million for the three months ended July 31, 2023, and July 31, 2022, respectively, and $ 16.7 million and $ 19.5 million for the nine months ended July 31, 2023, and July 31, 2022, respectively.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Jul. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Note 6. Goodwill and Intangible Assets The table below represents goodwill by segment: July 31, October 31, Fire & Emergency $ 88.6 $ 88.6 Commercial 26.2 26.2 Recreation 42.5 42.5 Total goodwill $ 157.3 $ 157.3 There was no change in the net carrying value of goodwill for the nine months ended July 31, 2023 and July 31, 2022. Intangible assets (excluding goodwill) consisted of the following: July 31, 2023 Weighted- Gross Accumulated Net Finite-lived Customer Relationships 8 $ 43.7 $ ( 34.9 ) $ 8.8 Indefinite-lived trade names 107.4 — 107.4 Total intangible assets, net $ 151.1 $ ( 34.9 ) $ 116.2 October 31, 2022 Weighted- Gross Accumulated Net Finite-lived Customer Relationships 8 $ 43.7 $ ( 31.9 ) $ 11.8 Indefinite-lived trade names 107.4 — 107.4 Total intangible assets, net $ 151.1 $ ( 31.9 ) $ 119.2 Amortization expense was $ 0.6 million and $ 1.3 million for the three months ended July 31, 2023, and July 31, 2022, respectively, and $ 3.0 million and $ 5.7 million for the nine months ended July 31, 2023 and July 31, 2022, respectively.

Divestiture Activities

Divestiture Activities	9 Months Ended
	Jul. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]
Divestiture Activities	Note 7. Divestiture Activities The Company previously made an initial investment in its China joint venture, Anhui Chery REV Specialty Vehicle Technology Co., Ltd (“China JV”), in exchange for 10 % equity interest. The Company recorded this investment under the equity method of accounting. The Company’s investment in the China JV also included an interest-bearing loan. During the fourth quarter of fiscal year 2021, the Company made the strategic decision to exit its interests in the China JV and began soliciting offers to sell the investment and settle the loan. In connection with this decision, the Company recorded a loss of $ 6.2 million during the fiscal year ended October 31, 2021, which represented the difference between the carrying value of the investment and loan and the estimated proceeds to be received upon sale and settlement, respectively. Subsequently, the Company sold its equity interest and disposed of any remaining assets which resulted in an additional loss of $ 0.7 million, which has been recorded as a Non-operating loss within our Condensed Unaudited Statements of Income and Comprehensive Income for the nine months ended July 31, 2023. In connection with the sale, the Company received a total of $ 2.4 million, of which $ 0.6 million was received during the nine months ended July 31, 2023, which has been included within the Investing section of the Condensed Unaudited Statements of Cash Flows.

Restructuring and Other Related

Restructuring and Other Related Charges	9 Months Ended
	Jul. 31, 2023
Restructuring and Related Activities [Abstract]
Restructuring and Other Related Charges	Note 8. Restructuring and Other Related Charges In September 2021, the Company announced that it would close its Kovatch Mobile Equipment (“KME”) production facilities located in Nesquehoning, PA and Roanoke, VA and relocate the production to other existing F&E segment facilities within the United States. The Company incurred certain restructuring and other related charges in connection with the decision to relocate its existing KME production facilities. For the three and nine months ended July 31, 2023, the Company did no t incur any restructuring charges, but did incur $ 3.8 million of other charges for the nine months ended July 31, 2023, consisting of production inefficiencies. For the three months ended July 31, 2022, the Company recorded restructuring charges of $ 2.3 million. For the nine months ended July 31, 2022, the Company recorded restructuring charges of $ 8.9 million and additional charges of $ 7.4 million consisting of $ 3.9 million of production inefficiencies, $ 2.3 million of accelerated depreciation and $ 1.2 million of other costs. The pre-tax restructuring costs, by category and segment, are summarized below: Employee Severance and Termination Benefits Contract Three Months Ended Fire & Emergency $ 0.2 $ 2.1 $ 2.3 Employee Severance and Termination Benefits Contract Nine Months Ended Fire & Emergency $ 4.3 $ 4.6 $ 8.9 As of October 31, 2022, this restructuring activity was complete.

Long-Term Debt

Long-Term Debt	9 Months Ended
	Jul. 31, 2023
Debt Disclosure [Abstract]
Long-Term Debt	Note 9. Long-Term Debt The Company was obligated under the following debt instrument: July 31, October 31, ABL facility $ 179.0 $ 230.0 ABL Facility On April 13, 2021, the Company entered into a $ 550.0 million revolving credit agreement (the “ABL Facility” or “ABL Agreement”) with a syndicate of lenders. The ABL Facility provides for revolving loans and letters of credit in an aggregate amount of up to $ 550.0 million. The total credit facility is subject to a $ 30.0 million sublimit for swing line loans and a $ 35.0 million sublimit for letters of credit (plus up to an additional $ 20.0 million of letters of credit at issuing bank’s discretion), along with certain borrowing base and other customary restrictions as defined in the ABL Agreement. The ABL Agreement allows for incremental facilities in an aggregate amount of up to $ 100.0 million, plus the excess, if any, of the borrowing base then in effect over total commitments then in effect. Any such incremental facilities are subject to receiving additional commitments from lenders and certain other customary conditions. The debt issuance costs capitalized in connection with the ABL Facility less accumulated amortization are included in Other long-term assets in the Company’s Condensed Unaudited Consolidated Balance Sheets. On November 1, 2022, the Company amended the ABL Facility to transition from the Eurodollar based benchmark rates to the Secured Overnight Financing Rate ("SOFR"). The transition from the Eurodollar rate to SOFR did not have a material impact on the Company's results of operations. The ABL Facility matures on April 13, 2026 . The Company may prepay the principal, in whole or in part, at any time without penalty. All revolving loans under the ABL Facility, as amended, bear interest at rates equal to, at the Company’s option, either a base rate plus an applicable margin, or a SOFR rate plus an applicable margin and credit spread adjustment of 0.10 % for all interest periods. As of July 31, 2023, the interest rate margins are 0 .75 % for all base rate loans and 1.75 % for all SOFR rate loans (with the SOFR rate having a floor of 0.0 %), subject to adjustment based on the Company’s fixed charge coverage ratio in accordance with the ABL Agreement. Interest is payable quarterly for all base rate loans and is payable on the last day of any interest period or every three months for all SOFR rate loans. The weighted-average interest rate on borrowings outstanding under the ABL Facility was 7.00 % as of July 31, 2023. The weighted-average interest rate on borrowings outstanding under the ABL Facility was 5.51 % as of October 31, 2022. The lenders under the ABL Facility have a first priority security interest in substantially all personal property assets and certain real property assets of the Company. The ABL Facility’s borrowing base is comprised of eligible receivables and eligible inventory, plus a fixed asset sublimit of certain eligible real property and eligible equipment, which fixed asset sublimit reduces by quarterly amortization as specified in the ABL Agreement. The ABL Agreement contains customary representations and warranties, affirmative and negative covenants, subject in certain cases to customary limitations, exceptions and exclusions. The ABL Agreement also contains certain customary events of default. The occurrence of an event of default under the ABL Agreement could result in the termination of the commitments under the ABL Facility and the acceleration of all outstanding borrowings under it. The Agreement requires the Company to maintain a minimum fixed charge coverage ratio of 1.10 to 1.00 during certain compliance periods as specified in the ABL Agreement. The Company was in compliance with all financial covenants under the ABL Agreement as of July 31, 2023. As of July 31, 2023, the Company’s availability under the ABL Facility was $ 355.9 million. As of October 31, 2022, the Company’s availability under the ABL Facility was $ 307.7 million. The fair value of the ABL Facility approximated the book value on July 31, 2023 and October 31, 2022.

Warranties

Warranties	9 Months Ended
	Jul. 31, 2023
Guarantees [Abstract]
Warranties	Note 10. Warranties The Company’s products generally carry explicit warranties that extend from several months to several years, based on terms that are generally accepted in the marketplace. Selected components (such as engines, transmissions, tires, etc.) included in the Company’s end products may include warranties from original equipment manufacturers (“OEM”). These OEM warranties are passed on to the end customer of the Company’s products, and the customer deals directly with the applicable OEM for any issues encountered on those components. Changes in the Company’s warranty liability consisted of the following: Nine Months Ended 2023 2022 Balance at beginning of period $ 31.9 $ 37.6 Warranty provisions 26.3 19.0 Settlements made ( 23.0 ) ( 23.2 ) Warranties for prior year acquisition — 0.5 Balance at end of period $ 35.2 $ 33.9 Accrued warranty is classified in the Company’s condensed unaudited consolidated balance sheets as follows: July 31, October 31, Current liabilities $ 21.9 $ 18.9 Other long-term liabilities 13.3 13.0 Total warranty liability $ 35.2 $ 31.9

Earnings Per Share

Earnings Per Share	9 Months Ended
	Jul. 31, 2023
Earnings Per Share [Abstract]
Earnings Per Share	Note 11. Earnings Per Share Basic earnings per common share (“EPS”) is computed by dividing net income or loss by the weighted average number of common shares outstanding, which excludes shares of issued but unvested restricted stock awards. Diluted EPS is computed by dividing net income, if applicable, by the weighted-average number of common shares outstanding assuming dilution. The difference between basic EPS and diluted EPS is the result of the dilutive effect of outstanding stock options, performance stock units and restricted stock units and awards. The reconciliation of basic weighted-average shares outstanding to diluted weighted-average shares outstanding was as follows: Three Months Ended Nine Months Ended 2023 2022 2023 2022 Basic weighted-average common shares outstanding 58,730,037 59,417,336 58,588,712 61,291,966 Dilutive stock options 1,931 4,344 2,076 16,602 Dilutive restricted stock awards 307,098 293,201 306,639 386,395 Dilutive restricted stock units 116,151 207,970 143,923 298,329 Dilutive performance stock units — — — — Diluted weighted-average common shares outstanding 59,155,217 59,922,851 59,041,350 61,993,292 The table below represents shares excluded from the calculation of diluted weighted-average shares outstanding because they would have been anti-dilutive: Three Months Ended Nine Months Ended 2023 2022 2023 2022 Anti-dilutive shares 233,394 172,483 241,457 80,778

Income Taxes

Income Taxes	9 Months Ended
	Jul. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Note 12. Income Taxes For interim financial reporting, the Company estimates its annual effective tax rate based on the projected income for its entire fiscal year and records a provision (benefit) for income taxes on a quarterly basis based on the estimated annual effective income tax rate, adjusted for any discrete tax items. The Company recorded income tax expense of $ 3.5 million for the three months ended July 31, 2023, or 19.0 % of pre-tax income, compared to $ 3.4 million of expense, or 26.4 % of pre-tax income, for the three months ended July 31, 2022. Income tax expense for the three months ended July 31, 2023 was favorably impacted by $ 1.1 million of net discrete tax benefit primarily related to a federal provision-to-return adjustment. Income tax expense for the three months ended July 31, 2022 was unfavorably impacted by $ 0.2 million of net discrete tax expense related to stock-based compensation. The Company recorded income tax expense of $ 4.2 million for the nine months ended July 31, 2023, or 21.2 % of pre-tax income, compared to $ 1.2 million of expense, or 15.6 % of pre-tax income, for the nine months ended July 31, 2022. Income tax expense for the nine months ended July 31, 2023 was favorably impacted by $ 1.0 million of net discrete tax benefit primarily related to a federal provision-to-return adjustment. Income tax expense for the nine months ended July 31, 2022 was favorably impacted by $ 0.8 million of net discrete tax benefits primarily related to stock-based compensation tax deductions. The Company periodically evaluates its valuation allowance requirements as facts and circumstances change and may adjust its deferred tax asset valuation allowances accordingly. It is reasonably possible that the Company will either add to or reverse a portion of its existing deferred tax asset valuation allowances in the future. Such changes in the deferred tax asset valuation allowances will be reflected in the current operations through the Company’s effective income tax rate. The Company’s liability for unrecognized tax benefits, including interest and penalties, was $ 5.7 million as of July 31, 2023 and $ 4.3 million as of October 31, 2022. The unrecognized tax benefits are presented in other long-term liabilities in the Company’s Condensed Unaudited Consolidated Balance Sheets as of July 31, 2023. The Company recognizes accrued interest and penalties related to unrecognized tax benefits in the provision for income taxes in its Condensed Unaudited Consolidated Statement of Income and Comprehensive Income. The Company regularly assesses the likelihood of an adverse outcome resulting from examinations to determine the adequacy of its tax reserves. As of July 31, 2023, the Company believes that it is more likely than not that the tax positions it has taken will be sustained upon the resolution of its audits resulting in no material impact on its consolidated financial position and the results of operations and cash flows. However, the final determination with respect to any tax audits, and any related litigation, could be materially different from the Company’s estimates and/or from its historical income tax provisions and income tax liabilities and could have a material effect on operating results and/or cash flows in the periods for which that determination is made. In addition, future period earnings may be adversely impacted by litigation costs, settlements, penalties, and/or interest assessments related to income tax examinations.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Jul. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 13. Commitments and Contingencies The Company is, from time to time, party to various legal proceedings, including product and general liability claims, arising out of ordinary course of business. Assessments of legal proceedings can involve complex judgments about future events that may rely on estimates and assumptions. When assessing whether to record a liability related to legal proceedings, the Company adheres to the requirements of Accounting Standards Codification 450, Contingencies , and other applicable guidance as necessary, and records liabilities in those instances where it can reasonably estimate the amount of the loss and when the loss is probable. When a range exists that is reasonably estimable and the loss is probable, the Company records an accrual in its financial statements equal to the most likely estimate of the loss, or the low end of the range, if there is no one best estimate. Additionally, these claims are generally covered by third-party insurance, which for some insurance policies is subject to a retention for which the Company is responsible. Market Risks : The Company is contingently liable under bid, performance and specialty bonds issued by the Company’s surety company and has open standby letters of credit issued by the Company’s banks in favor of third parties as follows: July 31, October 31, Performance, bid and specialty bonds $ 463.7 $ 572.3 Open standby letters of credit 15.1 12.3 Total $ 478.8 $ 584.6 Chassis Contingent Liabilities : The Company obtains certain vehicle chassis from automobile manufacturers under converter pool agreements. These agreements generally provide that the manufacturer will supply chassis at the Company’s various production facilities under the terms and conditions set forth in the agreement. The manufacturer does not transfer the certificate of origin to the Company upon delivery. Accordingly, the chassis are not owned by the Company when delivered, and therefore, are excluded from the Company’s inventory. Upon being put into production, the Company owns the inventory and becomes obligated to pay the manufacturer for the chassis. Chassis are typically placed into production within 90 to 120 days of delivery to the Company. If the chassis are not placed into production within this timeframe, the Company generally purchases the chassis and records inventory, or the Company is obligated to begin paying an interest charge on this inventory until purchased. Such agreements are customary in the industries in which the Company operates and the Company’s exposure to loss under such agreements is limited by the value of the vehicle chassis that would be resold to mitigate any losses. The Company’s contingent liability under such agreements was $ 24.1 million and $ 11.9 million as of July 31, 2023 and October 31, 2022, respectively. Repurchase Commitments : The Company has repurchase agreements with certain lending institutions. The repurchase commitments are on an individual unit basis with a term from the date it is financed by the lending institution through payment date by the dealer or other customer, generally not exceeding two years . The Company also repurchases inventory from dealers from time to time due to state law or regulatory requirements that require manufacturers to repurchase inventory if a dealership exits the business. The Company’s maximum contingent liability under such agreements was $ 434.1 million and $ 333.8 million as of July 31, 2023, and October 31, 2022, respectively, which represents the gross value of all vehicles under repurchase agreements. Such agreements are customary in the industries in which the Company operates and the Company’s exposure to loss under such agreements is limited by the resale value of the units which are required to be repurchased. Losses incurred under such arrangements have not been significant. The reserve for losses included in other liabilities on contracts outstanding as of July 31, 2023 and October 31, 2022 are immaterial. Guarantee Arrangements : The Company is party to multiple agreements whereby it guaranteed an aggregate of $ 28.0 million and $ 33.7 million at July 31, 2023 and October 31, 2022, respectively, of indebtedness of others, including losses under loss pool agreements. The Company estimated that its maximum loss exposure under these contracts was $ 5.9 million and $ 8.7 million as of July 31, 2023 and October 31, 2022, respectively. Under the terms of these and various related agreements and upon the occurrence of certain events, the Company generally has the ability to, among other things, take possession of the underlying collateral. While the Company does not expect to experience losses under these agreements that are materially in excess of the amounts reserved, it cannot provide any assurance that the financial condition of the third parties will not deteriorate resulting in the third party’s inability to meet their obligations. Additionally, the Company cannot guarantee that the collateral underlying the agreements will be available or sufficient to avoid losses materially in excess of the amount reserved. Other Matters : Krystal Bus: In January 2023, the Company agreed, in principle, to settle a claim brought by a plaintiff who was injured as a passenger in an accident involving a shuttle bus that was manufactured by Krystal Bus prior to the Company’s acquisition of certain assets related to that business. The Company did not admit to any liability on the merits of the claim but deemed a settlement to be in its best interest based on the facts and circumstances of the claim, as they developed in the first quarter of fiscal year 2023. The settlement agreement provided for a one-time cash payment of $ 11.5 million, which was disbursed by the Company in the second quarter of fiscal year 2023. The Company is also involved in additional lawsuits filed by plaintiffs who were passengers on the shuttle bus that was in the same accident. The Company has agreed to settle all of these additional claims and has recorded a loss of $ 2.2 million during the nine months ended July 31, 2023, as related to these additional claims. The losses associated with the collective group of claims are included within Selling, general and administrative expenses in the Company’s Condensed Unaudited Consolidated Statements of Income and Comprehensive Income for the three and nine months ended July 31, 2023. The related liability is included in Other current liabilities in the Company’s Condensed Unaudited Balance Sheets as of July 31, 2023. The Company is in the process of seeking potential reimbursement of the settlement payments and for any potential future settlements or losses related to the other claims from the Company’s insurers; however, the relevant insurers have so far disputed the insurance claims. Accordingly, no loss recovery asset has been recorded as of July 31, 2023.

Business Segment Information

Business Segment Information	9 Months Ended
	Jul. 31, 2023
Segment Reporting [Abstract]
Business Segment Information	Note 14. Business Segment Information The Company is organized into three reportable segments based on management’s process for making operating decisions, allocating capital and measuring performance, and based on the similarity of products, customers served, common use of facilities, and economic characteristics. The Company’s segments are as follows: Fire & Emergency : This segment includes Emergency One, KME, Ferrara, Spartan Emergency Response, American Emergency Vehicles, Leader Emergency Vehicles, Horton Emergency Vehicles and REV Group Orlando. These business units manufacture, market and distribute commercial and custom fire and emergency vehicles primarily for fire departments, airports, other governmental units, contractors, hospitals and other care providers in the United States and other countries. Commercial : This segment includes Collins Bus, ENC, Capacity and LayMor. Collins Bus manufactures, markets and distributes school buses, normally referred to as Type A school buses. ENC manufactures, markets and distributes municipal transit buses, primarily used for public transportation. Capacity manufactures, markets and distributes trucks used in terminal type operations, i.e., rail yards, warehouses, rail terminals and shipping terminals/ports. LayMor manufactures, markets and distributes industrial sweepers for both the commercial and rental markets. Recreation : This segment includes REV Recreation Group, Renegade, Midwest, Lance and Goldshield Fiberglass, Inc., and their respective manufacturing facilities, service and parts divisions. REV Recreation Group primarily manufactures, markets and distributes Class A RVs in both gas and diesel models. Renegade primarily manufactures, markets and distributes Class C and “Super C” RVs. Midwest manufactures, markets and distributes Class B RVs and luxury vans. Lance manufactures, markets and distributes truck campers and towable campers. Goldshield manufactures, markets and distributes fiberglass reinforced molded parts to a diverse cross section of original equipment manufacturers and other commercial and industrial customers, including various components for REV Recreation Group, which is one of Goldshield’s primary customers. For purposes of measuring financial performance of its business segments, the Company does not allocate to individual business segments costs or items that are of a corporate nature. The caption “Corporate, Other & Elims” includes corporate office expenses, results of insignificant operations, intersegment eliminations and income and expense not allocated to reportable segments. Total assets of the business segments exclude general corporate assets, which principally consist of cash and cash equivalents, certain property, plant and equipment and certain other assets pertaining to corporate and other centralized activities. Intersegment sales generally include amounts invoiced by a segment for work performed for another segment. Amounts are based on actual work performed and agreed-upon pricing which is intended to be reflective of the contribution made by the supplying business segment. All intersegment transactions have been eliminated in consolidation. Selected financial information of the Company’s segments is as follows: Three Months Ended July 31, 2023 Fire & Commercial Recreation Corporate, Consolidated Net sales $ 322.9 $ 143.3 $ 214.5 $ ( 0.7 ) $ 680.0 Depreciation and amortization $ 3.2 $ 0.8 $ 1.7 $ 0.6 $ 6.3 Capital expenditures $ 4.3 $ 1.8 $ 1.4 $ 1.6 $ 9.1 Total assets $ 728.5 $ 234.5 $ 365.5 $ 51.0 $ 1,379.5 Adjusted EBITDA $ 18.1 $ 11.6 $ 18.4 $ ( 8.7 ) Three Months Ended July 31, 2022 Fire & Commercial Recreation Corporate, Consolidated Net sales $ 230.1 $ 111.0 $ 254.1 $ ( 0.4 ) $ 594.8 Depreciation and amortization $ 2.8 $ 0.7 $ 2.8 $ 0.6 $ 6.9 Capital expenditures $ 3.3 $ 0.5 $ 2.6 $ 1.0 $ 7.4 Total assets $ 684.8 $ 234.7 $ 354.7 $ 58.0 $ 1,332.2 Adjusted EBITDA $ 1.0 $ 6.8 $ 29.8 $ ( 8.1 ) Nine Months Ended July 31, 2023 Fire & Commercial Recreation Corporate, Consolidated Net sales $ 835.3 $ 413.9 $ 697.1 $ ( 1.6 ) $ 1,944.7 Depreciation and amortization $ 9.4 $ 2.3 $ 6.3 $ 1.7 $ 19.7 Capital expenditures $ 8.0 $ 4.7 $ 4.5 $ 2.5 $ 19.7 Total assets $ 728.5 $ 234.5 $ 365.5 $ 51.0 $ 1,379.5 Adjusted EBITDA $ 25.6 $ 29.6 $ 71.9 $ ( 24.5 ) Nine Months Ended July 31, 2022 Fire & Commercial Recreation Corporate, Consolidated Net sales $ 712.5 $ 299.2 $ 697.7 $ ( 1.3 ) $ 1,708.1 Depreciation and amortization $ 11.2 $ 2.2 $ 10.1 $ 1.7 $ 25.2 Capital expenditures $ 7.5 $ 1.5 $ 5.2 $ 1.7 $ 15.9 Total assets $ 684.8 $ 234.7 $ 354.7 $ 58.0 $ 1,332.2 Adjusted EBITDA $ 0.6 $ 19.0 $ 75.6 $ ( 23.6 ) In considering the financial performance of the business, the chief operating decision maker analyzes the primary financial performance measure of Adjusted EBITDA. Adjusted EBITDA is defined as net income or loss for the relevant period before depreciation and amortization, interest expense, and income taxes as adjusted for items management believes are not indicative of the Company’s ongoing operating performance. Adjusted EBITDA is not a measure defined by U.S. GAAP but is computed using amounts that are determined in accordance with U.S. GAAP. A reconciliation of this performance measure to net income is included below. The Company believes Adjusted EBITDA is useful to investors and used by management for measuring profitability because the measure excludes the impact of certain items which management believes have less bearing on the Company’s core operating performance, and allows for a more meaningful comparison of operating fundamentals between companies within its industries by eliminating the impact of capital structure and taxation differences between the companies. Additionally, Adjusted EBITDA is used by management to measure and report the Company’s financial performance to the Company’s Board of Directors, assists in providing a meaningful analysis of the Company’s operating performance and is used as a measurement in incentive compensation for management. Provided below is a reconciliation of segment Adjusted EBITDA to net income: Three Months Ended Nine Months Ended 2023 2022 2023 2022 Fire & Emergency Adjusted EBITDA $ 18.1 $ 1.0 $ 25.6 $ 0.6 Commercial Adjusted EBITDA 11.6 6.8 29.6 19.0 Recreation Adjusted EBITDA 18.4 29.8 71.9 75.6 Corporate and Other Adjusted EBITDA ( 8.7 ) ( 8.1 ) ( 24.5 ) ( 23.6 ) Depreciation and amortization ( 6.3 ) ( 6.9 ) ( 19.7 ) ( 25.2 ) Interest expense, net ( 7.3 ) ( 4.3 ) ( 21.9 ) ( 11.2 ) Provision for income taxes ( 3.5 ) ( 3.4 ) ( 4.2 ) ( 1.2 ) Transaction expenses ( 0.1 ) ( 0.1 ) ( 0.5 ) ( 0.6 ) Sponsor expense reimbursement — — ( 0.2 ) ( 0.1 ) Restructuring costs — ( 2.3 ) — ( 8.9 ) Restructuring related charges ( 1.9 ) — ( 10.5 ) ( 5.1 ) Stock-based compensation expense ( 3.5 ) ( 1.8 ) ( 11.0 ) ( 6.3 ) Legal matters ( 1.1 ) ( 1.2 ) ( 16.6 ) ( 6.4 ) Loss on sale of business — — ( 1.1 ) ( 0.1 ) Other items ( 0.8 ) — ( 1.3 ) — Net income $ 14.9 $ 9.5 $ 15.6 $ 6.5

Stock Repurchase Program

Stock Repurchase Program	9 Months Ended
	Jul. 31, 2023
Equity [Abstract]
Stock Repurchase Program	Note 15. Stock Repurchase Program On September 2, 2021, the Company’s Board of Directors approved the authorization of a new share repurchase program that allowed the repurchase of up to $ 150.0 million of the Company’s outstanding common stock (the "2021 Repurchase Program"). The share repurchase authorization would have expired in 24 months and gave management the flexibility to determine conditions under which shares may be purchased. During the three and nine months ended July 31, 2022, the Company repurchased and retired 2,147,202 and 5,803,483 shares under this repurchase program at a total cost of $ 24.1 million and $ 70.0 million and at an average price of $ 11.16 per share and $ 12.03 per share, respectively. During the three and nine months ended July 31, 2023, the Company did no t repurchase any shares under the 2021 Repurchase Program. On June 1, 2023, the company’s Board of Directors approved the authorization of a new share repurchase program that allowed the repurchase of up to $ 175.0 million of the company’s outstanding common stock. This new authorization replaces the 2021 Repurchase Program (which was terminated by the board of directors in connection with the new authorization). The new share repurchase authorization expires 24 months after the approval date and gives management flexibility to determine conditions under which the shares may be purchased, subject to certain limitations. During the three and nine months ended July 31, 2023, the Company did no t repurchase any shares under the 2023 repurchase program.

Subsequent Events

Subsequent Events	9 Months Ended
	Jul. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	Note 16. Subsequent Events Quarterly Dividend On August 31, 2023, the Company’s Board of Directors declared a quarterly cash dividend in the amount of $ 0.05 per share of common stock, which equates to a rate of $ 0.20 per share of common stock on an annualized basis, payable on October 13, 2023 to shareholders of record on September 29, 2023 .

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Jul. 31, 2023
Accounting Policies [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting Pronouncement - To Be Adopted In September 2022, the FASB issued Accounting Standards Update ("ASU") 2022-04 “Liabilities-Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations”. The amendments in this ASU require that a company that uses a supplier finance program in connection with the purchase of goods or services disclose sufficient information about the program to allow a user of financial statements to understand the program’s nature, activity during the period, changes from period to period, and potential magnitude. ASU 2022-04 is effective for fiscal years beginning after December 15, 2022. We expect to adopt ASU 2022-04 in the first quarter of fiscal year 2024 and are currently evaluating the impact of ASU 2022-04 to our consolidated financial statements.

Leases (Tables)

Leases (Tables)	9 Months Ended
	Jul. 31, 2023
Leases [Abstract]
Schedule of Future Minimum Operating Lease Payments	As of July 31, 2023, future minimum operating lease payments are summarized by fiscal year in the table below: Remaining three months of fiscal year 2023 $ 2.7 2024 9.8 2025 8.4 2026 7.0 2027 6.5 Thereafter 11.5 Total undiscounted lease payments 45.9 Less: imputed interest ( 7.7 ) Total lease liabilities $ 38.2

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Jul. 31, 2023
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories consisted of the following: July 31, October 31, Chassis $ 119.5 $ 82.7 Raw materials & parts 221.3 240.6 Work in process 270.3 281.1 Finished products 42.0 35.5 653.1 639.9 Less: reserves ( 9.1 ) ( 10.4 ) Total inventories, net $ 644.0 $ 629.5

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	9 Months Ended
	Jul. 31, 2023
Property, Plant and Equipment [Abstract]
Summary of Property, Plant and Equipment	Property, plant and equipment consisted of the following: July 31, October 31, Land & land improvements $ 18.8 $ 18.6 Buildings & improvements 109.5 105.4 Machinery & equipment 101.1 95.4 Rental & used vehicles 2.1 2.1 Computer hardware & software 62.4 60.6 Office furniture & fixtures 5.3 5.0 Construction in process 13.1 6.6 312.3 293.7 Less: accumulated depreciation ( 159.7 ) ( 144.8 ) Total property, plant and equipment, net $ 152.6 $ 148.9

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Jul. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Goodwill by Segment	The table below represents goodwill by segment: July 31, October 31, Fire & Emergency $ 88.6 $ 88.6 Commercial 26.2 26.2 Recreation 42.5 42.5 Total goodwill $ 157.3 $ 157.3
Summary of Intangible Assets Excluding Goodwill	Intangible assets (excluding goodwill) consisted of the following: July 31, 2023 Weighted- Gross Accumulated Net Finite-lived Customer Relationships 8 $ 43.7 $ ( 34.9 ) $ 8.8 Indefinite-lived trade names 107.4 — 107.4 Total intangible assets, net $ 151.1 $ ( 34.9 ) $ 116.2 October 31, 2022 Weighted- Gross Accumulated Net Finite-lived Customer Relationships 8 $ 43.7 $ ( 31.9 ) $ 11.8 Indefinite-lived trade names 107.4 — 107.4 Total intangible assets, net $ 151.1 $ ( 31.9 ) $ 119.2

Restructuring and Other Relat_2

Restructuring and Other Related Charges (Tables)	9 Months Ended
	Jul. 31, 2023
Restructuring and Related Activities [Abstract]
Schedule of Pre-tax Impairment and Restructuring Costs by Category and Segment	The pre-tax restructuring costs, by category and segment, are summarized below: Employee Severance and Termination Benefits Contract Three Months Ended Fire & Emergency $ 0.2 $ 2.1 $ 2.3 Employee Severance and Termination Benefits Contract Nine Months Ended Fire & Emergency $ 4.3 $ 4.6 $ 8.9

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Jul. 31, 2023
Debt Disclosure [Abstract]
Summary of Long-Term Debt	The Company was obligated under the following debt instrument: July 31, October 31, ABL facility $ 179.0 $ 230.0

Warranties (Tables)

Warranties (Tables)	9 Months Ended
	Jul. 31, 2023
Guarantees [Abstract]
Schedule of Changes in Warranty Liability	Changes in the Company’s warranty liability consisted of the following: Nine Months Ended 2023 2022 Balance at beginning of period $ 31.9 $ 37.6 Warranty provisions 26.3 19.0 Settlements made ( 23.0 ) ( 23.2 ) Warranties for prior year acquisition — 0.5 Balance at end of period $ 35.2 $ 33.9
Accrued Warranty Classified in Condensed Unaudited Consolidated Balance Sheets	Accrued warranty is classified in the Company’s condensed unaudited consolidated balance sheets as follows: July 31, October 31, Current liabilities $ 21.9 $ 18.9 Other long-term liabilities 13.3 13.0 Total warranty liability $ 35.2 $ 31.9

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Jul. 31, 2023
Earnings Per Share [Abstract]
Reconciliation of Basic Weighted-Average Common Shares Outstanding to Diluted Weighted-Average Shares Outstanding	The reconciliation of basic weighted-average shares outstanding to diluted weighted-average shares outstanding was as follows: Three Months Ended Nine Months Ended 2023 2022 2023 2022 Basic weighted-average common shares outstanding 58,730,037 59,417,336 58,588,712 61,291,966 Dilutive stock options 1,931 4,344 2,076 16,602 Dilutive restricted stock awards 307,098 293,201 306,639 386,395 Dilutive restricted stock units 116,151 207,970 143,923 298,329 Dilutive performance stock units — — — — Diluted weighted-average common shares outstanding 59,155,217 59,922,851 59,041,350 61,993,292
Calculation of Weighted-Average Shares Outstanding Assuming Dilution Due to Anti-Dilutive Shares	The table below represents shares excluded from the calculation of diluted weighted-average shares outstanding because they would have been anti-dilutive: Three Months Ended Nine Months Ended 2023 2022 2023 2022 Anti-dilutive shares 233,394 172,483 241,457 80,778

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Jul. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of Contingent Liabilities	The Company is contingently liable under bid, performance and specialty bonds issued by the Company’s surety company and has open standby letters of credit issued by the Company’s banks in favor of third parties as follows: July 31, October 31, Performance, bid and specialty bonds $ 463.7 $ 572.3 Open standby letters of credit 15.1 12.3 Total $ 478.8 $ 584.6

Business Segment Information (T

Business Segment Information (Tables)	9 Months Ended
	Jul. 31, 2023
Segment Reporting [Abstract]
Selected Financial Information of Segments	Selected financial information of the Company’s segments is as follows: Three Months Ended July 31, 2023 Fire & Commercial Recreation Corporate, Consolidated Net sales $ 322.9 $ 143.3 $ 214.5 $ ( 0.7 ) $ 680.0 Depreciation and amortization $ 3.2 $ 0.8 $ 1.7 $ 0.6 $ 6.3 Capital expenditures $ 4.3 $ 1.8 $ 1.4 $ 1.6 $ 9.1 Total assets $ 728.5 $ 234.5 $ 365.5 $ 51.0 $ 1,379.5 Adjusted EBITDA $ 18.1 $ 11.6 $ 18.4 $ ( 8.7 ) Three Months Ended July 31, 2022 Fire & Commercial Recreation Corporate, Consolidated Net sales $ 230.1 $ 111.0 $ 254.1 $ ( 0.4 ) $ 594.8 Depreciation and amortization $ 2.8 $ 0.7 $ 2.8 $ 0.6 $ 6.9 Capital expenditures $ 3.3 $ 0.5 $ 2.6 $ 1.0 $ 7.4 Total assets $ 684.8 $ 234.7 $ 354.7 $ 58.0 $ 1,332.2 Adjusted EBITDA $ 1.0 $ 6.8 $ 29.8 $ ( 8.1 ) Nine Months Ended July 31, 2023 Fire & Commercial Recreation Corporate, Consolidated Net sales $ 835.3 $ 413.9 $ 697.1 $ ( 1.6 ) $ 1,944.7 Depreciation and amortization $ 9.4 $ 2.3 $ 6.3 $ 1.7 $ 19.7 Capital expenditures $ 8.0 $ 4.7 $ 4.5 $ 2.5 $ 19.7 Total assets $ 728.5 $ 234.5 $ 365.5 $ 51.0 $ 1,379.5 Adjusted EBITDA $ 25.6 $ 29.6 $ 71.9 $ ( 24.5 ) Nine Months Ended July 31, 2022 Fire & Commercial Recreation Corporate, Consolidated Net sales $ 712.5 $ 299.2 $ 697.7 $ ( 1.3 ) $ 1,708.1 Depreciation and amortization $ 11.2 $ 2.2 $ 10.1 $ 1.7 $ 25.2 Capital expenditures $ 7.5 $ 1.5 $ 5.2 $ 1.7 $ 15.9 Total assets $ 684.8 $ 234.7 $ 354.7 $ 58.0 $ 1,332.2 Adjusted EBITDA $ 0.6 $ 19.0 $ 75.6 $ ( 23.6 )
Reconciliation of Segment Adjusted EBITDA to Net Income	Provided below is a reconciliation of segment Adjusted EBITDA to net income: Three Months Ended Nine Months Ended 2023 2022 2023 2022 Fire & Emergency Adjusted EBITDA $ 18.1 $ 1.0 $ 25.6 $ 0.6 Commercial Adjusted EBITDA 11.6 6.8 29.6 19.0 Recreation Adjusted EBITDA 18.4 29.8 71.9 75.6 Corporate and Other Adjusted EBITDA ( 8.7 ) ( 8.1 ) ( 24.5 ) ( 23.6 ) Depreciation and amortization ( 6.3 ) ( 6.9 ) ( 19.7 ) ( 25.2 ) Interest expense, net ( 7.3 ) ( 4.3 ) ( 21.9 ) ( 11.2 ) Provision for income taxes ( 3.5 ) ( 3.4 ) ( 4.2 ) ( 1.2 ) Transaction expenses ( 0.1 ) ( 0.1 ) ( 0.5 ) ( 0.6 ) Sponsor expense reimbursement — — ( 0.2 ) ( 0.1 ) Restructuring costs — ( 2.3 ) — ( 8.9 ) Restructuring related charges ( 1.9 ) — ( 10.5 ) ( 5.1 ) Stock-based compensation expense ( 3.5 ) ( 1.8 ) ( 11.0 ) ( 6.3 ) Legal matters ( 1.1 ) ( 1.2 ) ( 16.6 ) ( 6.4 ) Loss on sale of business — — ( 1.1 ) ( 0.1 ) Other items ( 0.8 ) — ( 1.3 ) — Net income $ 14.9 $ 9.5 $ 15.6 $ 6.5

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Selling, general and administrative expenses	$ 52,600,000	$ 46,100,000	$ 170,600,000	$ 144,200,000
Primary Equity Holder [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Selling, general and administrative expenses	$ 0	$ 0	$ 200,000	$ 100,000
American Industrial Partners [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Equity interest held by operating partnership, voting equity			46.50%

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022	Oct. 31, 2022	Oct. 31, 2021
Disaggregation of Revenue [Line Items]
Revenue recognized included in customer advances	$ 26.8	$ 39.9	$ 109	$ 97.7
Customer advances					$ 332.8	$ 210.6
Performance obligations, expected to be satisfied	3,004.2		3,004.2
Interest Expense [Member]
Disaggregation of Revenue [Line Items]
Interest charges	$ 2.2	$ 1.7	$ 6.3	$ 4.9

Revenue Recognition Additional

Revenue Recognition Additional Information 1 (Detail) $ in Millions	Jul. 31, 2023 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations, expected to be satisfied	$ 3,004.2
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-08-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations, expected to be satisfied	$ 1,277.1
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-08-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations, expected to be satisfied	$ 1,727.1
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period

Leases - Additional Information

Leases - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Leases [Abstract]
Operating lease cost	$ 2.8	$ 2.4	$ 8.1	$ 7.1
Operating lease, payments	$ 2.7	$ 2.5	$ 8	$ 7.2
Weighted average remaining lease term for operating leases	5 years 9 months 18 days	5 years 8 months 12 days	5 years 9 months 18 days	5 years 8 months 12 days
Weighted average discount rate for operating leases	6.60%	5.10%	6.60%	5.10%

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Operating Lease Payments (Detail) $ in Millions	Jul. 31, 2023 USD ($)
Leases [Abstract]
Remaining three months of fiscal year 2023	$ 2.7
2024	9.8
2025	8.4
2026	7
2027	6.5
Thereafter	11.5
Total undiscounted lease payments	45.9
Less: imputed interest	(7.7)
Total lease liabilities	$ 38.2

Inventories - Schedule of Inven

Inventories - Schedule of Inventories (Details) - USD ($) $ in Millions	Jul. 31, 2023	Oct. 31, 2022
Inventory Disclosure [Abstract]
Chassis	$ 119.5	$ 82.7
Raw materials & parts	221.3	240.6
Work in process	270.3	281.1
Finished products	42	35.5
Inventory, Gross, Total	653.1	639.9
Less: reserves	(9.1)	(10.4)
Total inventories, net	$ 644	$ 629.5

Property, Plant and Equipment -

Property, Plant and Equipment - Summary of Property, Plant and Equipment (Detail) - USD ($) $ in Millions	Jul. 31, 2023	Oct. 31, 2022
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 312.3	$ 293.7
Less: accumulated depreciation	(159.7)	(144.8)
Total property, plant and equipment, net	152.6	148.9
Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	18.8	18.6
Building and Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	109.5	105.4
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	101.1	95.4
Rental and Used Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	2.1	2.1
Computer Hardware and Software [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	62.4	60.6
Office Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	5.3	5
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 13.1	$ 6.6

Property, Plant and Equipment_2

Property, Plant and Equipment - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 5.7	$ 5.6	$ 16.7	$ 19.5

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Summary of Goodwill by Segment (Detail) - USD ($) $ in Millions	Jul. 31, 2023	Oct. 31, 2022
Goodwill [Line Items]
Goodwill	$ 157.3	$ 157.3
Fire & Emergency [Member]
Goodwill [Line Items]
Goodwill	88.6	88.6
Commercial [Member]
Goodwill [Line Items]
Goodwill	26.2	26.2
Recreation [Member]
Goodwill [Line Items]
Goodwill	$ 42.5	$ 42.5

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Change in net carrying value of goodwill			$ 0	$ 0
Amortization expense	$ 600,000	$ 1,300,000	$ 3,000,000	$ 5,700,000

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Summary of Intangible Assets Excluding Goodwill (Detail) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Jul. 31, 2023	Oct. 31, 2022
Intangible Assets Excluding Goodwill [Line Items]
Finite-lived intangible assets, accumulated amortization	$ (34.9)	$ (31.9)
Indefinite-lived trade names	107.4	107.4
Total intangible assets, gross	151.1	151.1
Total intangible assets, net	$ 116.2	$ 119.2
Customer Relationships [Member]
Intangible Assets Excluding Goodwill [Line Items]
Finite-lived intangible assets, Weighted-Average Life	8 years	8 years
Finite-lived intangible assets, gross	$ 43.7	$ 43.7
Finite-lived intangible assets, accumulated amortization	(34.9)	(31.9)
Finite-lived intangible assets, net	$ 8.8	$ 11.8

Divestiture Activities - Additi

Divestiture Activities - Additional Information (Detail) - USD ($) $ in Millions	9 Months Ended	12 Months Ended	24 Months Ended
	Jul. 31, 2023	Oct. 31, 2021	Jul. 31, 2023	Apr. 30, 2018
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Proceeds from sale of business	$ 0.6
China JV [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Gain (loss) on sale of business		$ 6.2
Equity interest in joint ventures				10%
Proceeds from sale of business	0.6		$ 2.4
China JV [Member] | Non-Operating Loss
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Gain (loss) on sale of business	$ 0.7

Restructuring and Other Relat_3

Restructuring and Other Related Charges - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Restructuring Cost And Reserve [Line Items]
Restructuring costs	$ 0	$ 2.3	$ 0	$ 8.9
Additional restructuring charges				7.4
Restructuring charges, production inefficiencies			3.8	3.9
Restructuring charges, accelerated depreciation				2.3
Other restructuring related charges				1.2
Proceeds from sale of assets			$ 0.5	$ 2.8

Restructuring and Other Relat_4

Restructuring and Other Related Charges - Schedule of Pre-tax Impairment and Restructuring Costs by Category and Segment (Detail) (Detail) - Fire & Emergency [Member] - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Jul. 31, 2022	Jul. 31, 2022
Restructuring Cost And Reserve [Line Items]
Pre-tax impairment and restructuring costs	$ 2.3	$ 8.9
Employee Severance and Termination Benefits [Member]
Restructuring Cost And Reserve [Line Items]
Pre-tax impairment and restructuring costs	0.2	4.3
Contract Termination and Other Costs [Member]
Restructuring Cost And Reserve [Line Items]
Pre-tax impairment and restructuring costs	$ 2.1	$ 4.6

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Detail) - USD ($) $ in Millions	Jul. 31, 2023	Oct. 31, 2022
Debt Instruments [Abstract]
ABL facility	$ 179	$ 230

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) - Asset Based Lending Facility [Member] - USD ($) $ in Millions		9 Months Ended
	Apr. 13, 2021	Jul. 31, 2023	Oct. 31, 2022
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 550
Incremental borrowing capacity amount	100
Debt instrument maturity date		Apr. 13, 2026
Weighted-average interest rate		7%	5.51%
Available current borrowing capacity		$ 355.9	$ 307.7
Base Rate [Member]
Debt Instrument [Line Items]
Debt instrument applicable interest rate margins		0.75%
SOFR [Member]
Debt Instrument [Line Items]
Debt instruments applicable interest margin and credit spread adjustment		0.10%
Debt instrument applicable interest rate margins		1.75%
Required annual payment percentage		0%
Maximum [Member]
Debt Instrument [Line Items]
Additional borrowing capacity	$ 20
Fixed charge coverage ratio	110%
Minimum [Member]
Debt Instrument [Line Items]
Fixed charge coverage ratio	100%
Letter of Credit [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 35
Letter of Credit [Member] | Maximum [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	550
Swing Lines Loan [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 30

Warranties - Schedule of Change

Warranties - Schedule of Changes in Warranty Liability (Detail) - USD ($) $ in Millions	9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022
Guarantees [Abstract]
Balance at beginning of period	$ 31.9	$ 37.6
Warranty provisions	26.3	19
Settlements made	(23)	(23.2)
Warranties for prior year acquisition		0.5
Balance at end of period	$ 35.2	$ 33.9

Warranties - Accrued Warranty C

Warranties - Accrued Warranty Classified in Condensed Unaudited Consolidated Balance Sheets (Detail) - USD ($) $ in Millions	Jul. 31, 2023	Oct. 31, 2022	Jul. 31, 2022	Oct. 31, 2021
Guarantees [Abstract]
Current liabilities	$ 21.9	$ 18.9
Other long-term liabilities	13.3	13
Total warranty liability	$ 35.2	$ 31.9	$ 33.9	$ 37.6

Earnings Per Share - Reconcilia

Earnings Per Share - Reconciliation of Basic Weighted-Average Common Shares Outstanding to Diluted Weighted-Average Shares Outstanding (Detail) - shares	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Earnings Per Share [Abstract]
Basic weighted-average common shares outstanding	58,730,037	59,417,336	58,588,712	61,291,966
Dilutive stock options	1,931	4,344	2,076	16,602
Dilutive restricted stock awards	307,098	293,201	306,639	386,395
Dilutive restricted stock units	116,151	207,970	143,923	298,329
Dilutive performance stock units	0	0	0	0
Diluted weighted-average common shares outstanding	59,155,217	59,922,851	59,041,350	61,993,292

Earnings Per Share - Calculatio

Earnings Per Share - Calculation of Weighted-Average Shares Outstanding Assuming Dilution Due to Anti-Dilutive Shares (Detail) - shares	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Stock Options [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive shares	233,394	172,483	241,457	80,778

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022	Oct. 31, 2022
Income Tax Disclosure [Abstract]
Income tax (benefit)	$ 3.5	$ 3.4	$ 4.2	$ 1.2
Pre-tax loss	19%	26.40%	21.20%	15.60%
Net discrete tax expense (benefit) related to federal provision-to-return adjustment	$ (1.1)		$ (1)
Net discrete tax expense (benefit) related to share-based compensation		$ 0.2		$ (0.8)
Unrecognized tax benefits	$ 5.7		$ 5.7		$ 4.3

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Contingent Liabilities (Detail) - USD ($) $ in Millions	Jul. 31, 2023	Oct. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Performance, bid and specialty bonds	$ 463.7	$ 572.3
Open standby letters of credit	15.1	12.3
Total	$ 478.8	$ 584.6

Commitments and Contingencies_2

Commitments and Contingencies - Additional Information (Detail) - USD ($)	9 Months Ended	12 Months Ended
	Jul. 31, 2023	Oct. 31, 2022
Loss Contingencies [Line Items]
Contingent liability under purchase agreements for future chassis inventory purchases	$ 24,100,000	$ 11,900,000
Repurchase agreement	2 years
Represents the gross value of all vehicles under repurchase agreements	$ 434,100,000	333,800,000
Aggregate amount of indebtedness which the Company is a party to through guarantee agreements	28,000,000	33,700,000
Cash payment to plaintiff	11,500,000
Loss on litigation settlements	2,200,000
Maximum [Member]
Loss Contingencies [Line Items]
Estimated loss exposure under contract	$ 5,900,000	$ 8,700,000

Business Segment Information -

Business Segment Information - Additional Information (Detail)	9 Months Ended
	Jul. 31, 2023 Segment
Segment Reporting [Abstract]
Number of reportable segments	3

Business Segment Information _2

Business Segment Information - Schedule of Selected Financial Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022	Oct. 31, 2022
Segment Reporting Information [Line Items]
Net sales	$ 680	$ 594.8	$ 1,944.7	$ 1,708.1
Depreciation and amortization	6.3	6.9	19.7	25.2
Capital expenditures	9.1	7.4	19.7	15.9
Total assets	1,379.5	1,332.2	1,379.5	1,332.2	$ 1,344.6
Operating Segment [Member] | Fire & Emergency [Member]
Segment Reporting Information [Line Items]
Net sales	322.9	230.1	835.3	712.5
Depreciation and amortization	3.2	2.8	9.4	11.2
Capital expenditures	4.3	3.3	8	7.5
Total assets	728.5	684.8	728.5	684.8
Adjusted EBITDA	18.1	(1)	25.6	(0.6)
Operating Segment [Member] | Commercial [Member]
Segment Reporting Information [Line Items]
Net sales	143.3	111	413.9	299.2
Depreciation and amortization	0.8	0.7	2.3	2.2
Capital expenditures	1.8	0.5	4.7	1.5
Total assets	234.5	234.7	234.5	234.7
Adjusted EBITDA	11.6	6.8	29.6	19
Operating Segment [Member] | Recreation [Member]
Segment Reporting Information [Line Items]
Net sales	214.5	254.1	697.1	697.7
Depreciation and amortization	1.7	2.8	6.3	10.1
Capital expenditures	1.4	2.6	4.5	5.2
Total assets	365.5	354.7	365.5	354.7
Adjusted EBITDA	18.4	29.8	71.9	75.6
Corporate, Other and Elims [Member]
Segment Reporting Information [Line Items]
Net sales	(0.7)	(0.4)	(1.6)	(1.3)
Depreciation and amortization	0.6	0.6	1.7	1.7
Capital expenditures	1.6	1	2.5	1.7
Total assets	51	58	51	58
Adjusted EBITDA	$ (8.7)	$ (8.1)	$ (24.5)	$ (23.6)

Business Segment Information _3

Business Segment Information - Reconciliation of Segment Adjusted EBITDA to Net Income (Detail) - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Jul. 31, 2023	Apr. 30, 2023	Jan. 31, 2023	Jul. 31, 2022	Apr. 30, 2022	Jan. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Segment Reporting Information [Line Items]
Interest expense, net	$ (7.3)			$ (4.3)			$ (21.9)	$ (11.2)
Provision for income taxes	(3.5)			(3.4)			(4.2)	(1.2)
Restructuring costs	0			(2.3)			0	(8.9)
Stock-based compensation expense							(11)	(6.3)
Loss on sale of business							(1.1)	(0.1)
Net income	14.9	$ 14.2	$ (13.5)	9.5	$ (2.3)	$ (0.7)	15.6	6.5
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Adjusted EBITDA	(8.7)			(8.1)			(24.5)	(23.6)
Operating Segment [Member] | Fire & Emergency [Member]
Segment Reporting Information [Line Items]
Adjusted EBITDA	18.1			(1)			25.6	(0.6)
Operating Segment [Member] | Commercial [Member]
Segment Reporting Information [Line Items]
Adjusted EBITDA	11.6			6.8			29.6	19
Operating Segment [Member] | Recreation [Member]
Segment Reporting Information [Line Items]
Adjusted EBITDA	18.4			29.8			71.9	75.6
Reconciling Items [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization	(6.3)			(6.9)			(19.7)	(25.2)
Interest expense, net	(7.3)			(4.3)			(21.9)	(11.2)
Provision for income taxes	(3.5)			(3.4)			(4.2)	(1.2)
Transaction expenses	(0.1)			(0.1)			(0.5)	(0.6)
Sponsor expense reimbursement							(0.2)	(0.1)
Restructuring costs				(2.3)				(8.9)
Restructuring related charges	(1.9)						(10.5)	(5.1)
Stock-based compensation expense	(3.5)			(1.8)			(11)	(6.3)
Legal matters	(1.1)			(1.2)			(16.6)	(6.4)
Loss on sale of business							(1.1)	(0.1)
Other Items	(0.8)						(1.3)
Net income	$ 14.9			$ (9.5)			$ 15.6	$ (6.5)

Stock Repurchase Program - Addi

Stock Repurchase Program - Additional Information (Detail) - USD ($)	3 Months Ended				9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Apr. 30, 2022	Jan. 31, 2022	Jul. 31, 2023	Jul. 31, 2022	Jun. 01, 2023	Sep. 02, 2021
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, total cost		$ 24,100,000	$ 21,500,000	$ 24,400,000
Common Stock [Member]
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, number of remaining shares repurchased and retired		2,147,202	1,676,122	1,980,159
Common Stock [Member] | 2021 Repurchase Program [Member]
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, number of remaining shares repurchased and retired	0	2,147,202			0	5,803,483
Stock repurchase program, total cost		$ 24,100,000				$ 70,000,000
Stock repurchase program, average price per share excluding commissions		$ 11.16				$ 12.03
Common Stock [Member] | 2023 Repurchase Program [Member]
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, number of remaining shares repurchased and retired	0				0
Common Stock [Member] | Maximum [Member] | 2021 Repurchase Program [Member]
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, authorized amount to repurchase issued and outstanding common stock								$ 150,000,000
Common Stock [Member] | Maximum [Member] | 2023 Repurchase Program [Member]
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, authorized amount to repurchase issued and outstanding common stock							$ 175,000,000

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) - $ / shares		3 Months Ended		9 Months Ended
	Aug. 31, 2023	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Subsequent Event [Line Items]
Dividends declared per common share		$ 0.05	$ 0.05	$ 0.15	$ 0.15
Subsequent Event [Member]
Subsequent Event [Line Items]
Dividends declared per common share	$ 0.05
Per share of common stock on annualized basis	$ 0.2
Dividend payable date	Oct. 13, 2023
Dividends payable, record date	Sep. 29, 2023