REV (REVG) 10-Q5 Mar 252025 Q1 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Jan. 31, 2025	Feb. 26, 2025
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jan. 31, 2025
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q1
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 Code	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	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		51,675,165
Document Transition Report	false
Document Quarterly Report	true

Condensed Unaudited Consolidate

Condensed Unaudited Consolidated Balance Sheets - USD ($) $ in Millions	Jan. 31, 2025	Oct. 31, 2024
Current assets:
Cash and cash equivalents	$ 31.6	$ 24.6
Accounts receivable, net	185.3	152.3
Inventories, net	601.8	602.8
Other current assets	21.6	26.8
Total current assets	840.3	806.5
Property, plant and equipment, net	129.5	130.2
Goodwill	137.7	137.7
Intangible assets, net	94.8	95.4
Right of use assets	30.4	32.1
Deferred income taxes	3.7	5.4
Other long-term assets	5.7	5.7
Total assets	1,242.1	1,213
Current liabilities:
Accounts payable	169.8	188.8
Short-term customer advances	152.4	158
Accrued compensation	23.4	33.7
Short-term accrued warranty	19.2	20
Short-term lease obligations	7.3	7.3
Other current liabilities	62.6	61.5
Total current liabilities	434.7	469.3
Long-term debt	140	85
Long-term customer advances	174.7	160.1
Long-term lease obligations	24.1	25.7
Other long-term liabilities	39.8	37.8
Total liabilities	813.3	777.9
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; 51,657,800 and 52,131,600 shares issued and outstanding, respectively)	0.1	0.1
Additional paid-in capital	295.5	316.5
Retained earnings	132.6	118.3
Accumulated other comprehensive income	0.6	0.2
Total shareholders' equity	428.8	435.1
Total liabilities and shareholders' equity	$ 1,242.1	$ 1,213

Condensed Unaudited Consolida_2

Condensed Unaudited Consolidated Balance Sheets (Parenthetical) - $ / shares	Jan. 31, 2025	Oct. 31, 2024
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	51,657,800	52,131,600
Common stock, shares outstanding	51,657,800	52,131,600

Condensed Unaudited Consolida_3

Condensed Unaudited Consolidated Statements of Income and Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2025	Jan. 31, 2024
Income Statement [Abstract]
Net sales	$ 525.1	$ 586
Cost of sales	455.3	523.1
Gross profit	69.8	62.9
Operating expenses:
Selling, general and administrative	41.2	55.4
Amortization of intangible assets	0.6	0.6
Restructuring		0.8
Impairment charges	0	12.6
Total operating expenses	41.8	69.4
Operating income (loss)	28	(6.5)
Interest expense, net	6	6.8
Gain on sale of business	0	(257.5)
Income before provision for income taxes	22	244.2
Provision for income taxes	3.8	61.5
Net income	18.2	182.7
Other comprehensive income (loss), net of tax	0.4	(0.2)
Comprehensive income	$ 18.6	$ 182.5
Net income per common share:
Basic	$ 0.35	$ 3.09
Diluted	0.35	3.06
Dividends declared per common share	$ 0.06	$ 3.05

Condensed Unaudited Consolida_4

Condensed Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2025	Jan. 31, 2024
Cash flows from operating activities:
Net income	$ 18.2	$ 182.7
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	6	6.5
Stock-based compensation expense	2.6	2.9
Deferred income taxes	1.7	0.7
Impairment charges	0	12.6
Gain on sale of business	0	(257.5)
Other non-cash adjustments	0.4	0.4
Changes in operating assets and liabilities, net	(42)	(18)
Net cash used in operating activities	(13.1)	(69.7)
Cash flows from investing activities:
Purchase of property, plant and equipment	(4.9)	(10.5)
Proceeds from sale of business	0	308.2
Other investing activities	0.1	0
Net cash (used in) provided by investing activities	(4.8)	297.7
Cash flows from financing activities:
Net proceeds (payments) from borrowings on revolving credit facility	55	(150)
Payment of dividends	(3.9)	(3.1)
Repurchase and retirement of common stock	(19.2)	0
Other financing activities	(7)	(8.3)
Net cash provided by (used in) financing activities	24.9	(161.4)
Net increase in cash and cash equivalents	7	66.6
Cash and cash equivalents, beginning of period	24.6	21.3
Cash and cash equivalents, end of period	31.6	87.9
Supplemental Cash Flow Information [Abstract]
Interest	4.7	6.2
Income taxes, net of refunds	$ 0	$ 6.8

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 Income (Loss) [Member]
Balance at Oct. 31, 2023	$ 498	$ 0.1	$ 445	$ 52.7	$ 0.2
Balance, shares at Oct. 31, 2023		59,505,829
Net Income (Loss)	182.7			182.7
Stock-based compensation expense	2.9		2.9
Vesting of restricted and performance stock units and awards, net of employee tax withholdings	(2)		(2)
Vesting of restricted and performance stock units and awards, net of employee tax withholdings, shares		255,651
Other comprehensive Income (loss), net of tax	(0.2)				(0.2)
Issuances of restricted stock awards, net of employee tax withholdings on vested awards	(2.9)		(2.9)
Issuances of restricted stock awards, net of employee tax withholdings on vested awards, Shares		14,233
Dividends declared on common stock	(182.4)			(182.4)
Balance at Jan. 31, 2024	496.1	$ 0.1	443	53
Balance, shares at Jan. 31, 2024		59,775,713
Balance at Oct. 31, 2024	435.1	$ 0.1	316.5	118.3	0.2
Balance, shares at Oct. 31, 2024		52,131,600
Net Income (Loss)	18.2			18.2
Stock-based compensation expense	2.6		2.6
Vesting of restricted and performance stock units and awards, net of employee tax withholdings	(2.2)		(2.2)
Vesting of restricted and performance stock units and awards, net of employee tax withholdings, shares		172,974
Other comprehensive Income (loss), net of tax	0.4				0.4
Employee tax withholdings on vesting of restricted stock awards	(2.1)		(2.1)
Employee tax withholdings on vesting of restricted stock awards , Shares		(67,609)
Repurchase and retirement of common stock, including fees and excise taxes	(19.3)		(19.3)
Repurchase and retirement of common stock, including fees and excise taxes, Shares		(579,165)
Dividends declared on common stock	(3.9)			(3.9)
Balance at Jan. 31, 2025	$ 428.8	$ 0.1	$ 295.5	$ 132.6	$ 0.6
Balance, shares at Jan. 31, 2025		51,657,800

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Jan. 31, 2025	Jan. 31, 2024
Pay vs Performance Disclosure
Net Income (Loss)	$ 18.2	$ 182.7

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jan. 31, 2025
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Basis of Presentation

Basis of Presentation	3 Months Ended
Basis of Presentation	Jan. 31, 2025
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, 2024. The interim results are not necessarily indicative of results for the full year. Related Party Transactions : During the three months ended January 31, 2025, the Company did not have any related party transactions. During the three months ended January 31, 2024, the Company reimbursed expenses of its former equity sponsor of $ 0.2 million. These expenses are included in Selling, general and administrative expenses in the Company’s Condensed Unaudited Consolidated Statements of Income and Comprehensive Income (Loss). Recent Accounting Pronouncements Accounting Pronouncement - Adopted In September 2022, the Financial Accounting Standards Board (“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, except for the amendment on rollfoward information, which is effective for fiscal years beginning after December 15, 2023 . We adopted ASU 2022-04 in the first quarter of fiscal year 2024, except for the amendment on rollforward information which we will adopt for our annual reporting in fiscal year 2025. Refer to Note 3, Supply Chain Finance Program, for further details. Accounting Pronouncements - To Be Adopted In November 2023, the FASB issued ASU 2023-07 “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures”. The amendments in this ASU require public entities to disclose information about their reportable segments’ significant expenses on an interim and annual basis. The ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. We expect to adopt the annual requirements of ASU 2023-07 in fiscal year 2025 and are currently evaluating the impact of ASU 2023-07 on our consolidated financial statements. In December 2023, the FASB issued ASU 2023-09 “Income Taxes (Topic 740): Improvements to Income Tax Disclosures”. This update requires public entities to disclose specific categories in the rate reconciliation on an annual basis, and to provide additional information for reconciling items that meet a quantitative threshold. Additionally, this ASU requires that public entities disclose certain disaggregated information related to income taxes paid, income or loss from continuing operations and income tax expense or benefit. The ASU is effective for fiscal years beginning after December 15, 2024, with early adoption permitted. We expect to adopt ASU 2023-09 in fiscal year 2026 and are currently evaluating the impact of ASU 2023-09 on our consolidated financial statements.

Revenue Recognition

Revenue Recognition	3 Months Ended
Revenue Recognition	Jan. 31, 2025
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 North America. 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 and recreational vehicles through its direct sales force and dealer network. The Company also generates revenue through separate contracts that relate to the sale of aftermarket 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 (Loss) 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 and is ready for physical transfer to the customer, and (iv) 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 customer advance balances when the Company transfers control of the promised good or service. During the three months ended January 31, 2025, and January 31, 2024 , the Company recognized $ 35.0 million and $ 48.8 million, respectively, of revenue that was included in the customer advance balances of $ 318.1 million and $ 357.4 million as of October 31, 2024 and October 31, 2023, respectively. The Company’s payment terms do not include a significant financing component outside of the Specialty Vehicles segment. Within the Specialty Vehicles 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 January 31, 2025 and January 31, 2024 of $ 2.8 million and $ 2.3 million, respectively. The interest charges were recorded in Interest expense in the Condensed Unaudited Consolidated Statements of Income and Comprehensive Income (Loss). The Company does not have significant contract assets. Remaining Performance Obligations As of January 31, 2025, the Company had unsatisfied performance obligations for non-cancelable contracts with an original duration greater than one year totalin g $ 3,182.5 million, of which $ 1,296.8 million is expected to be satisfied and recognized in revenue in the next twelve months and $ 1,885.7 million i s expected to be satisfied and recognized in revenue thereafter .

Supply Chain Finance Program

Supply Chain Finance Program	3 Months Ended
Supply Chain Finance Program	Jan. 31, 2025
Disclosure Text Block Supplement [Abstract]
Supply Chain Finance Program	Note 3. Supply Chain Finance Program The Company has an unsecured agreement with a third-party financial institution to facilitate a supply chain finance (“SCF”) program. The SCF prog ram allows qualifying suppliers to sell their receivables due from the Company, on an invoice level at the selection of the supplier, to the financial institution and negotiate their outstanding receivable arrangements and associated fees directly with the financial institution. The Company is not party to the agreements between the supplier and the financial institution. The supplier invoices that have been confirmed as valid under the program require payment in full by the Company within 120 days of the invoice date. All outstanding amounts related to suppliers participating in the SCF program are confirmed with the third-party financial institution and are recorded in Accounts payable in the Condensed Unaudited Consolidated Balance Sheets. The Company’s outstanding obligation under the SCF program as of January 31, 2025 and October 31, 2024 was $ 9.0 million and $ 9.1 million, respectively.

Inventories

Inventories	3 Months Ended
Inventories	Jan. 31, 2025
Inventory Disclosure [Abstract]
Inventories	Note 4. Inventories Inventories consisted of the following: January 31, October 31, Chassis $ 121.0 $ 118.0 Raw materials & parts 194.7 193.3 Work in process 253.2 243.2 Finished products 43.0 57.4 611.9 611.9 Less: reserves ( 10.1 ) ( 9.1 ) Total inventories, net $ 601.8 $ 602.8

Property, Plant and Equipment

Property, Plant and Equipment	3 Months Ended
Property, Plant and Equipment	Jan. 31, 2025
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Note 5. Property, Plant and Equipment Property, plant and equipment consisted of the following: January 31, October 31, Land & land improvements $ 15.8 $ 15.7 Buildings & improvements 100.2 99.5 Machinery & equipment 99.2 96.9 Computer hardware & software 66.0 64.6 Office furniture & fixtures 6.2 6.2 Construction in process 6.6 7.7 294.0 290.6 Less: accumulated depreciation ( 164.5 ) ( 160.4 ) Total property, plant and equipment, net $ 129.5 $ 130.2 Depreciation expense was $ 5.4 million and $ 5.9 million for the three months ended January 31, 2025 and January 31, 2024, respectively . In connection with the discontinuation of manufacturing operations at the Company's ElDorado National (California) (“ENC”) facility, the Company recorded impairment charges of property, plant, and equipment of $ 4.4 million during the three months ended January 31, 2024, which were based on Level 3 inputs as defined by Accounting Standards Codification (“ASC”) 820, Fair Value Measurements. Refer to Note 8, Restructuring and Other Related Charges, for further details.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
Goodwill and Intangible Assets	Jan. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Note 6. Goodwill and Intangible Assets The table below represents goodwill by segment: January 31, October 31, Specialty Vehicles $ 95.2 $ 95.2 Recreational Vehicles 42.5 42.5 Total goodwill $ 137.7 $ 137.7 The change in the net carrying value of goodwill consisted of the following: Three Months Ended 2025 2024 Balance at beginning of period $ 137.7 $ 157.3 Divestiture (Note 7) — ( 18.6 ) Balance at end of period $ 137.7 $ 138.7 Intangible assets (excluding goodwill) consisted of the following: January 31, 2025 Gross Accumulated Net Finite-lived Customer Relationships $ 23.3 $ ( 17.9 ) $ 5.4 Indefinite-lived trade names 89.4 — 89.4 Total intangible assets, net $ 112.7 $ ( 17.9 ) $ 94.8 October 31, 2024 Gross Accumulated Net Finite-lived Customer Relationships $ 23.3 $ ( 17.3 ) $ 6.0 Indefinite-lived trade names 89.4 — 89.4 Total intangible assets, net $ 112.7 $ ( 17.3 ) $ 95.4 The change in the net carrying value of indefinite-lived trade names consisted of the following: Three Months Ended 2025 2024 Balance at beginning of period $ 89.4 $ 107.4 Impairment charges — ( 7.2 ) Divestiture (Note 7) — ( 8.9 ) Balance at end of period $ 89.4 $ 91.3 Amortization expense was $ 0.6 million and $ 0.6 million for the three months ended January 31, 2025 and January 31, 2024, respectively. Estimated future amortization expense of finite-lived intangible assets for the remainder of fiscal year 2025 and each of the five fiscal years succeeding October 31, 2025 is as follows: 2025 (remaining nine months) - $ 1.1 million; 2026 - $ 1.2 million; 2027 - $ 1.2 million; 2028 - $ 1.2 million; 2029 - $ 0.7 million, at which point all finite-lived intangible assets will be fully amortized. As of January 31, 2025, fully amortized intangible assets and the related accumulated amortization were written off. In connection with the expected discontinuation of manufacturing operations at the Company's ENC facility, the Company recorded an impairment charge of an indefinite-lived trade name of $ 7.2 million during the three months ended January 31, 2024. The fair value used in the impairment assessment of indefinite-lived trade names during the three months ended January 31, 2024 was based on Level 3 inputs, as defined by ASC 820. Refer to Note 8, Restructuring and Other Related Charges, for further details related to this discontinuation.

Divestiture Activities

Divestiture Activities	3 Months Ended
Divestiture Activities	Jan. 31, 2025
Discontinued Operations and Disposal Groups [Abstract]
Divestiture Activities	Note 7. Divestiture Activities On January 26, 2024, the Company entered into a Stock Purchase Agreement (the “Collins Stock Purchase Agreement”) by and among the Company, Collins Industries, Inc. (“Collins Industries”), an indirect wholly-owned subsidiary of the Company, Collins Bus Corporation (“Collins”), a wholly-owned subsidiary of Collins Industries, Forest River, Inc. and Forest River Bus, LLC (“Forest River”), pursuant to which Collins Industries agreed to sell all of the issued and outstanding shares of capital stock of Collins to Forest River. The sale was aimed at optimizing the Company's portfolio of products and to create a more focused operating structure aligned with markets where the Company has a strong presence of industry leading brands. The transactions under the Collins Stock Purchase Agreement closed on January 26, 2024. I n connection with the completion of the sale of Collins, the Company received cash consideration of $ 308.2 million and recorded a gain on sale of $ 257.5 million, which is included in the Company’s Condensed Unaudited Consolidated Statements of Income and Comprehensive Income (Loss) for the three months ended January 31, 2024. The Company incurred $ 5.0 million of transaction costs in connection with this sale, which are included in the Selling, general and administrative expense in the Company’s Condensed Unaudited Consolidated Statements of Income and Comprehensive Income (Loss) for the three months ended January 31, 2024. Collins was previously reported as part of the Specialty Vehicles segment.

Restructuring and Other Related

Restructuring and Other Related Charges	3 Months Ended
Restructuring and Other Related Charges	Jan. 31, 2025
Restructuring and Related Activities [Abstract]
Restructuring and Other Related Charges	Note 8. Restructuring and Other Related Charges On January 29, 2024, the Company announced that it would discontinue manufacturing operations at the Company’s ENC facility in Riverside, California. Management believed the discontinuation of manufacturing at ENC created a more focused portfolio that provides opportunities for growth, consistent cash generation and improved margin performance. The Company incurred certain restructuring and other related charges in connection with the decision to discontinue manufacturing at the ENC facility. For the three months ended January 31, 2024, the Company recorded restructuring charges of $ 0.8 million related to severance and retention costs, and additional charges consisting of $ 11.6 million of impairment charges related to intangible assets and property, plant, and equipment, $ 5.8 million of inventory write-offs, and $ 0.3 million of other costs. This restructuring activity is complete and any remaining restructuring liability is insignificant as of January 31, 2025. ENC was previously reported as part of the Specialty Vehicles Segment.

Long-Term Debt

Long-Term Debt	3 Months Ended
Long-Term Debt	Jan. 31, 2025
Debt Disclosure [Abstract]
Long-Term Debt	Note 9. Long-Term Debt The Company was obligated under the following debt instrument: January 31, October 31, 2021 ABL Facility $ 140.0 $ 85.0 ABL Facility On April 13, 2021, the Company entered into a $ 550.0 million revolving credit agreement (the “2021 ABL Facility” or “2021 ABL Agreement”) with a syndicate of lenders. The 2021 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 2021 ABL Agreement. The 2021 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 2021 ABL Facility less accumulated amortization are included in Other long-term assets in the Company’s Condensed Unaudited Consolidated Balance Sheets. The debt issuance costs are amortized over the life of the debt on a straight-line basis. The 2021 ABL Facility matures on April 13, 2026 . The Company may prepay principal, in whole or in part, at any time without penalty. The following table summarizes the gross borrowing and gross payments under the Company's 2021 ABL Facility: Three Months Ended 2025 2024 Gross borrowings $ 213.0 $ 283.0 Gross payments 158.0 433.0 Total net borrowings $ 55.0 $ ( 150.0 ) On November 1, 2022, the Company amended the 2021 ABL Agreement (“Amendment No. 1”) to transition from the Eurodollar based benchmark rates to the Secured Overnight Financing Rate (“SOFR”). Amendment No. 1 did not have a material impact on the Company's results of operations. On February 7, 2024, the Company entered into a second amendment to the 2021 ABL Agreement (“Amendment No. 2”). Amendment No. 2 revised the definition of fixed charges under the 2021 ABL Facility to exclude a special cash dividend, which was declared and paid in fiscal year 2024. All revolving loans under the 2021 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 January 31, 2025 , the interest rate margins are 1.0 % for all base rate loans and 2.0 % 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 2021 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 lo ans. The weighted-average interest rate on borrowings outstanding under the 2021 ABL Facility was 6.4 % as of January 31, 2025 . The weighted-average interest rate on borrowings outstanding under the 2021 ABL Facility was 6.8 % as of October 31, 2024. The lenders under the 2021 ABL Facility have a first priority security interest in substantially all personal property assets and certain real property assets of the Company. The 2021 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 2021 ABL Agreement. The 2021 ABL Agreement contains customary representations and warranties, affirmative and negative covenants, subject in certain cases to customary limitations, exceptions and exclusions. The 2021 ABL Agreement also contains certain customary events of default. The occurrence of an event of default under the 2021 ABL Agreement could result in the termination of the commitments under the 2021 ABL Facility and the acceleration of all outstanding borrowings under it. The Company would become subject to compliance with a 1.1 to 1.0 minimum fixed charge coverage ratio financial covenant under the 2021 ABL Agreement if the Company’s borrowing base availability falls below $ 40.0 million or 15 % of the borrowing base. As of January 31, 2025, the Company’s availability under the 2021 ABL Fa cility was $ 262.9 m illion. As of October 31, 2024 , the Company’s availability under the 2021 ABL Facility was $ 349.6 million. The fair value of the 2021 ABL Facility approximated the book value on January 31, 2025 and October 31, 2024. On February 20, 2025, the Company entered into a third amendment to its 2021 ABL Agreement. Refer to Note 16, Subsequent Events, for further details.

Warranties

Warranties	3 Months Ended
Warranties	Jan. 31, 2025
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 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: Three Months Ended 2025 2024 Balance at beginning of period $ 42.1 $ 39.1 Warranty provisions 9.9 8.4 Settlements made ( 8.5 ) ( 9.3 ) Divestiture (Note 7) — ( 1.1 ) Balance at end of period $ 43.5 $ 37.1 Accrued warranty is classified in the Company’s Condensed Unaudited Consolidated Balance Sheets as follows: January 31, October 31, Current liabilities $ 19.2 $ 20.0 Other long-term liabilities 24.3 22.1 Total warranty liability $ 43.5 $ 42.1

Earnings Per Share

Earnings Per Share	3 Months Ended
Earnings Per Share	Jan. 31, 2025
Earnings Per Share [Abstract]
Earnings Per Share	Note 11. Earnings Per Share Basic earnings per common share (“EPS”) is computed by dividing net income by the weighted average number of common shares outstanding. Diluted EPS is computed by dividing net income 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 performance stock units, restricted stock units, and restricted stock awards. The table below reconciles basic weighted-average common shares outstanding to diluted weighted-average shares outstanding: Three Months Ended 2025 2024 Basic weighted-average common shares outstanding 51,615,748 59,050,739 Dilutive restricted stock awards 258,725 291,935 Dilutive restricted stock units 408,061 348,671 Dilutive performance stock units — 90,964 Diluted weighted-average common shares outstanding 52,282,534 59,782,309 The table below represents exclusions from the calculation of diluted weighted-average shares outstanding due to their anti-dilutive effect: Three Months Ended 2025 2024 Anti-dilutive shares 3,096 —

Income Taxes

Income Taxes	3 Months Ended
Income Taxes	Jan. 31, 2025
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 or 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 $ 3.8 million for the three months ended January 31, 2025, or 17.3 % of pre-tax income, compared to $ 61.5 million of expense, or 25.2 % of pre-tax income, for the three months ended January 31, 2024. Income tax expense for the three months ended January 31, 2025 was favorably impacted by $ 1.7 million of net discrete tax benefit, primarily related to stock-based compensation tax deductions. Income tax expense for the three months ended January 31, 2024 was unfavorably impacted by $ 63.4 million of net discrete tax expense, primarily related to gain on sale of Collins. 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 $ 4.1 million as of January 31, 2025, and $ 3.9 million as of October 31, 2024. The unrecognized tax benefits are presented in Other long-term liabilities in the Company’s Condensed Unaudited Consolidated Balance Sheets. 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 (Loss). The Company regularly assesses the likelihood of an adverse outcome resulting from examinations to determine the adequacy of its tax reserves. As of January 31, 2025, 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	3 Months Ended
Commitments and Contingencies	Jan. 31, 2025
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 the 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 ASC 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 are 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: January 31, October 31, Performance, bid and specialty bonds $ 666.9 $ 675.5 Open standby letters of credit 14.2 14.2 Total $ 681.1 $ 689.7 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 maximum contingent liability under such agreements w as $ 14.4 million and $ 20.8 million as of January 31, 2025 and October 31, 2024, respectively. From time to time, the Company’s customers may provide their own vehicle chassis, at their sole discretion, in connection with specific vehicle orders. These vehicle chassis are stored at the Company’s various production facilities until the related value-added work is completed and the finished unit is shipped back to the customer. The customer does not transfer the vehicle chassis certificate of origin to the Company. Accordingly, such chassis are not owned by the Company when delivered or throughout the production process, and are, therefore, excluded from the Company’s inventory. The Company’s maximum contingent liability related to these vehicle chassis was $ 39.4 million and $ 38.1 million as of January 31, 2025 and October 31, 2024, respectively. Losses incurred related to these arrangements have not been significant. 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 $ 388.0 millio n and $ 380.6 million as of January 31, 2025, and October 31, 2024, 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 January 31, 2025 and October 31, 2024 are immaterial. Guarantee Arrangements : The Company is party to multiple agreements whereby it guaranteed an aggrega te of $ 19.9 million and $ 21.7 million at January 31, 2025 and October 31, 2024 , respectively, of indebtedness of others, including losses under loss pool agreements. The Company estimated that its maximum loss exposure under these contracts was $ 3.4 million and $ 4.0 million as of January 31, 2025 and October 31, 2024, 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. The guarantee arrangements are on an individual contract basis with a term from the date it is financed by the lending institution through payment date by the customer, generally not exceeding five years . Wh ile 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. The reserve for losses included in other liabilities on these guarantee arrangements as of January 31, 2025 and October 31, 2024 are immaterial. Other Matters : During fiscal year 2023, the Company settled a collective group of claims brought by plaintiffs who were injured as passengers 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 claims but deemed a settlement to be in its best interest based on the facts and circumstances of the claims. These claims, which totaled $ 13.7 million, were fully paid in fiscal year 2023. The Company is in the process of seeking reimbursement of the settlement payments from its insurers; however, it is uncertain whether the Company will be able to recover any amounts, and no loss recovery asset has been recorded as of January 31, 2025.

Business Segment Information

Business Segment Information	3 Months Ended
Business Segment Information	Jan. 31, 2025
Segment Reporting [Abstract]
Business Segment Information	Note 14. Business Segment Information T he Company is organized into two reportable segments, Specialty Vehicles and Recreational Vehicles, which is aligned with the chief operating decision maker's internal reporting structure and with the chief operating decision maker's process for making operating decisions, allocating capital and measuring performance. The Company’s segments are as follows: Specialty Vehicles : This segment includes Emergency One (“E-ONE”), Kovatch Mobile Equipment (“KME”), Ferrara, Spartan Emergency Response (“Spartan ER”), American Emergency Vehicles (“AEV”), Leader Emergency Vehicles (“Leader”), Horton Emergency Vehicles (“Horton”), REV Group Orlando, Capacity and LayMor. These businesses manufacture, market and distribute commercial and custom fire and ambulance vehicles primarily for fire departments, airports, other governmental units, contractors, hospitals and other care providers in the United States and other countries; trucks used in terminal type operations, i.e., rail yards, warehouses, rail terminals and shipping terminals/ports; and industrial sweepers for both the commercial and rental markets. Recreational Vehicles : 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, and also distributes Class B and Class C RVs. 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’s Fleetwood family of brands. 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 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 January 31, 2025 Specialty Vehicles Recreational Corporate, Consolidated Net sales $ 370.2 $ 155.0 $ ( 0.1 ) $ 525.1 Depreciation and amortization $ 3.9 $ 1.5 $ 0.6 $ 6.0 Capital expenditures $ 4.1 $ 0.5 $ 0.3 $ 4.9 Total assets $ 799.6 $ 386.6 $ 55.9 $ 1,242.1 Adjusted EBITDA $ 35.2 $ 9.2 $ ( 7.6 ) Three Months Ended January 31, 2024 Specialty Vehicles Recreational Vehicles Corporate, Consolidated Net sales $ 417.2 $ 169.4 $ ( 0.6 ) $ 586.0 Depreciation and amortization $ 4.3 $ 1.6 $ 0.6 $ 6.5 Capital expenditures $ 3.9 $ 5.6 $ 1.0 $ 10.5 Total assets $ 911.6 $ 394.1 $ 115.4 $ 1,421.1 Adjusted EBITDA $ 26.2 $ 11.6 $ ( 7.3 ) 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 net 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. 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 2025 2024 Specialty Vehicles Adjusted EBITDA $ 35.2 $ 26.2 Recreational Vehicles Adjusted EBITDA 9.2 11.6 Corporate and Other Adjusted EBITDA ( 7.6 ) ( 7.3 ) Depreciation and amortization ( 6.0 ) ( 6.5 ) Interest expense, net ( 6.0 ) ( 6.8 ) Provision for income taxes ( 3.8 ) ( 61.5 ) Transaction expenses — ( 5.0 ) Sponsor expense reimbursement — ( 0.2 ) Restructuring — ( 0.8 ) Restructuring related charges — ( 6.1 ) Impairment charges — ( 12.6 ) Stock-based compensation expense ( 2.8 ) ( 2.9 ) Legal matters — ( 2.9 ) Gain on sale of business — 257.5 Net income $ 18.2 $ 182.7

Shareholders' Equity

Shareholders' Equity	3 Months Ended
Shareholders' Equity	Jan. 31, 2025
Equity [Abstract]
Shareholders' Equity	Note 15. Shareholders' Equity On June 1, 2023, the Company’s Board of Directors approved a new share repurchase program that allowed the repurchase of up to $ 175.0 million of the Company’s outstanding common stock (“The 2023 Repurchase Program”). The 2023 Repurchase Program replaced the previous repurchase program. The 2023 Repurchase Program would have expired 24 months after the approval date and gave management flexibility to determine conditions under which the shares may be purchased, subject to certain limitations. During the three months ended January 31, 2024 the Company did not repurchase any shares. On December 5, 2024, the Company’s Board of Directors authorized the Company to repurchase up to $ 250.0 million of the Company’s outstanding common stock (the “2024 Repurchase Program”). The 2024 Repurchase Program replaced the 2023 Repurchase Program. The 2024 Repurchase Program expires 24 months after the authorization date and gives management flexibility to determine the conditions under which shares may be purchased from time to time through a variety of methods, including in privately negotiated or open market transactions, such as pursuant to a trading plan in accordance with Rule 10b5-1 and Rule 10b-18 of the Exchange Act or a combination of methods. The 2024 Repurchase Program does not obligate the Company to acquire any specific number of shares and it can be suspended or discontinued at any time without notice. During the three months ended January 31, 2025, the Company repurchased and retired 579,165 shares under the 2024 Repurchase Program at a total cost of $ 19.2 million and at an average price of approximately $ 33.09 per share , excluding commissions, fees and excise taxes. In the first quarter of fiscal 2024, in connection with the sale of Collins, the Company declared a special cash dividend in the amount of $ 3.00 per share of common stock, payable on February 16, 2024 , to shareholders of record on February 9, 2024 . Additionally, on January 12, 2024, the Company paid a quarterly cash dividend in the amount of $ 0.05 per share of common stock to shareholders of record on December 26, 2023 . On January 10, 2025, the Company paid a quarterly cash dividend in the amount of $ 0.06 per share of common stock to shareholders of record on December 26, 2024 .

Subsequent Events

Subsequent Events	3 Months Ended
Subsequent Events	Jan. 31, 2025
Subsequent Events [Abstract]
Subsequent Events	Note 16. Subsequent Events In preparing the accompanying consolidated financial statements, management has evaluated subsequent events for potential recognition and disclosure through the date of this filing. Other than the item noted below, no other material subsequent events were identified. Amendment to Credit Facility On February 20, 2025, the Company entered into a third amendment to its 2021 ABL Agreement, the latter of which was previously amended by Amendment No. 1, dated November 1, 2022, and Amendment No. 2, dated February 7, 2024 (hereafter referred to as the “Amended 2021 ABL Agreement” or the “Amended 2021 ABL Facility”). The Amended 2021 ABL Agreement modified the 2021 ABL Agreement to, among other things, extend the maturity of the facility to five years after the effective date of the Amended 2021 ABL Agreement, decrease the aggregate commitments for revolving loans and letters of credit from $ 550.0 million to $ 450.0 million, and increase the sublimit for swingline loans from $ 30.0 million to $ 45.0 million. Pursuant to the Amended 2021 ABL Agreement, the interest rates were revised so that the applicable margin adjustment is based on the calculation of average quarterly availability in relation to the total revolving loan commitment. The Amended 2021 ABL Agreement revised the borrowing base so that (i) its calculation is comprised of a larger percentage of eligible receivables than in the 2021 ABL Agreement and is subject to a dilution reserve as specified in the Amended 2021 ABL Agreement and (ii) it does not factor eligible equipment or eligible real property into its calculation. Additionally, the Amended 2021 ABL Agreement modified the calculation of the fixed charge coverage ratio and revised the minimum fixed charge coverage ratio the Company must comply with during certain periods to 1.0 to 1.0 . The 2021 ABL Agreement was also modified by the Amended 2021 ABL Agreement so that, subject to certain conditions and limitations set forth in the Amended 2021 ABL Agreement, the Company is permitted to enter into an additional secured term loan credit facility with financial institutions acceptable to the administrative agent.

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
Basis of Presentation (Policies)	Jan. 31, 2025
Accounting Policies [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting Pronouncement - Adopted In September 2022, the Financial Accounting Standards Board (“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, except for the amendment on rollfoward information, which is effective for fiscal years beginning after December 15, 2023 . We adopted ASU 2022-04 in the first quarter of fiscal year 2024, except for the amendment on rollforward information which we will adopt for our annual reporting in fiscal year 2025. Refer to Note 3, Supply Chain Finance Program, for further details. Accounting Pronouncements - To Be Adopted In November 2023, the FASB issued ASU 2023-07 “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures”. The amendments in this ASU require public entities to disclose information about their reportable segments’ significant expenses on an interim and annual basis. The ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. We expect to adopt the annual requirements of ASU 2023-07 in fiscal year 2025 and are currently evaluating the impact of ASU 2023-07 on our consolidated financial statements. In December 2023, the FASB issued ASU 2023-09 “Income Taxes (Topic 740): Improvements to Income Tax Disclosures”. This update requires public entities to disclose specific categories in the rate reconciliation on an annual basis, and to provide additional information for reconciling items that meet a quantitative threshold. Additionally, this ASU requires that public entities disclose certain disaggregated information related to income taxes paid, income or loss from continuing operations and income tax expense or benefit. The ASU is effective for fiscal years beginning after December 15, 2024, with early adoption permitted. We expect to adopt ASU 2023-09 in fiscal year 2026 and are currently evaluating the impact of ASU 2023-09 on our consolidated financial statements.

Inventories (Tables)

Inventories (Tables)	3 Months Ended
Inventories (Tables)	Jan. 31, 2025
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories consisted of the following: January 31, October 31, Chassis $ 121.0 $ 118.0 Raw materials & parts 194.7 193.3 Work in process 253.2 243.2 Finished products 43.0 57.4 611.9 611.9 Less: reserves ( 10.1 ) ( 9.1 ) Total inventories, net $ 601.8 $ 602.8

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	3 Months Ended
Property, Plant and Equipment (Tables)	Jan. 31, 2025
Property, Plant and Equipment [Abstract]
Summary of Property, Plant and Equipment	Property, plant and equipment consisted of the following: January 31, October 31, Land & land improvements $ 15.8 $ 15.7 Buildings & improvements 100.2 99.5 Machinery & equipment 99.2 96.9 Computer hardware & software 66.0 64.6 Office furniture & fixtures 6.2 6.2 Construction in process 6.6 7.7 294.0 290.6 Less: accumulated depreciation ( 164.5 ) ( 160.4 ) Total property, plant and equipment, net $ 129.5 $ 130.2

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
Goodwill and Intangible Assets (Tables)	Jan. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Goodwill by Segment	The table below represents goodwill by segment: January 31, October 31, Specialty Vehicles $ 95.2 $ 95.2 Recreational Vehicles 42.5 42.5 Total goodwill $ 137.7 $ 137.7 The change in the net carrying value of goodwill consisted of the following: Three Months Ended 2025 2024 Balance at beginning of period $ 137.7 $ 157.3 Divestiture (Note 7) — ( 18.6 ) Balance at end of period $ 137.7 $ 138.7
Summary of Intangible Assets Excluding Goodwill	Intangible assets (excluding goodwill) consisted of the following: January 31, 2025 Gross Accumulated Net Finite-lived Customer Relationships $ 23.3 $ ( 17.9 ) $ 5.4 Indefinite-lived trade names 89.4 — 89.4 Total intangible assets, net $ 112.7 $ ( 17.9 ) $ 94.8 October 31, 2024 Gross Accumulated Net Finite-lived Customer Relationships $ 23.3 $ ( 17.3 ) $ 6.0 Indefinite-lived trade names 89.4 — 89.4 Total intangible assets, net $ 112.7 $ ( 17.3 ) $ 95.4
Summary of Net Carrying Value of Indefinite-lived Trade Names	The change in the net carrying value of indefinite-lived trade names consisted of the following: Three Months Ended 2025 2024 Balance at beginning of period $ 89.4 $ 107.4 Impairment charges — ( 7.2 ) Divestiture (Note 7) — ( 8.9 ) Balance at end of period $ 89.4 $ 91.3

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
Long-Term Debt (Tables)	Jan. 31, 2025
Debt Disclosure [Abstract]
Summary of Long-Term Debt	The Company was obligated under the following debt instrument: January 31, October 31, 2021 ABL Facility $ 140.0 $ 85.0
Summary of Gross Borrowings and Gross Payments under 2021 ABL Facility	The following table summarizes the gross borrowing and gross payments under the Company's 2021 ABL Facility: Three Months Ended 2025 2024 Gross borrowings $ 213.0 $ 283.0 Gross payments 158.0 433.0 Total net borrowings $ 55.0 $ ( 150.0 )

Warranties (Tables)

Warranties (Tables)	3 Months Ended
Warranties (Tables)	Jan. 31, 2025
Guarantees [Abstract]
Schedule of Changes in Warranty Liability	Changes in the Company’s warranty liability consisted of the following: Three Months Ended 2025 2024 Balance at beginning of period $ 42.1 $ 39.1 Warranty provisions 9.9 8.4 Settlements made ( 8.5 ) ( 9.3 ) Divestiture (Note 7) — ( 1.1 ) Balance at end of period $ 43.5 $ 37.1
Accrued Warranty Classified in Condensed Unaudited Consolidated Balance Sheets	Accrued warranty is classified in the Company’s Condensed Unaudited Consolidated Balance Sheets as follows: January 31, October 31, Current liabilities $ 19.2 $ 20.0 Other long-term liabilities 24.3 22.1 Total warranty liability $ 43.5 $ 42.1

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
Earnings Per Share (Tables)	Jan. 31, 2025
Earnings Per Share [Abstract]
Reconciliation of Basic Weighted-Average Common Shares Outstanding to Diluted Weighted-Average Shares Outstanding	The table below reconciles basic weighted-average common shares outstanding to diluted weighted-average shares outstanding: Three Months Ended 2025 2024 Basic weighted-average common shares outstanding 51,615,748 59,050,739 Dilutive restricted stock awards 258,725 291,935 Dilutive restricted stock units 408,061 348,671 Dilutive performance stock units — 90,964 Diluted weighted-average common shares outstanding 52,282,534 59,782,309
Calculation of Diluted Weighted-Average Shares Outstanding Due to Anti-Dilutive Effect	The table below represents exclusions from the calculation of diluted weighted-average shares outstanding due to their anti-dilutive effect: Three Months Ended 2025 2024 Anti-dilutive shares 3,096 —

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
Commitments and Contingencies (Tables)	Jan. 31, 2025
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: January 31, October 31, Performance, bid and specialty bonds $ 666.9 $ 675.5 Open standby letters of credit 14.2 14.2 Total $ 681.1 $ 689.7

Business Segment Information (T

Business Segment Information (Tables)	3 Months Ended
Business Segment Information (Tables)	Jan. 31, 2025
Segment Reporting [Abstract]
Selected Financial Information of Segments	Selected financial information of the Company’s segments is as follows: Three Months Ended January 31, 2025 Specialty Vehicles Recreational Corporate, Consolidated Net sales $ 370.2 $ 155.0 $ ( 0.1 ) $ 525.1 Depreciation and amortization $ 3.9 $ 1.5 $ 0.6 $ 6.0 Capital expenditures $ 4.1 $ 0.5 $ 0.3 $ 4.9 Total assets $ 799.6 $ 386.6 $ 55.9 $ 1,242.1 Adjusted EBITDA $ 35.2 $ 9.2 $ ( 7.6 ) Three Months Ended January 31, 2024 Specialty Vehicles Recreational Vehicles Corporate, Consolidated Net sales $ 417.2 $ 169.4 $ ( 0.6 ) $ 586.0 Depreciation and amortization $ 4.3 $ 1.6 $ 0.6 $ 6.5 Capital expenditures $ 3.9 $ 5.6 $ 1.0 $ 10.5 Total assets $ 911.6 $ 394.1 $ 115.4 $ 1,421.1 Adjusted EBITDA $ 26.2 $ 11.6 $ ( 7.3 ) 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 net 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.
Reconciliation of Segment Adjusted EBITDA to Net Income	Provided below is a reconciliation of segment Adjusted EBITDA to Net income: Three Months Ended 2025 2024 Specialty Vehicles Adjusted EBITDA $ 35.2 $ 26.2 Recreational Vehicles Adjusted EBITDA 9.2 11.6 Corporate and Other Adjusted EBITDA ( 7.6 ) ( 7.3 ) Depreciation and amortization ( 6.0 ) ( 6.5 ) Interest expense, net ( 6.0 ) ( 6.8 ) Provision for income taxes ( 3.8 ) ( 61.5 ) Transaction expenses — ( 5.0 ) Sponsor expense reimbursement — ( 0.2 ) Restructuring — ( 0.8 ) Restructuring related charges — ( 6.1 ) Impairment charges — ( 12.6 ) Stock-based compensation expense ( 2.8 ) ( 2.9 ) Legal matters — ( 2.9 ) Gain on sale of business — 257.5 Net income $ 18.2 $ 182.7

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2025	Jan. 31, 2024
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Selling, general and administrative expenses	$ 41.2	$ 55.4
ASU 2022-04 [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Change in Accounting Principle, Accounting Standards Update, Adoption Date	Dec. 15, 2023
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true
Primary Equity Holder [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Selling, general and administrative expenses		$ 0.2

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Oct. 31, 2024	Oct. 31, 2023
Disaggregation of Revenue [Line Items]
Revenue recognized included in customer advances	$ 35	$ 48.8
Customer advances			$ 318.1	$ 357.4
Performance obligations, expected to be satisfied	3,182.5
Interest Expense [Member]
Disaggregation of Revenue [Line Items]
Interest charges	$ 2.8	$ 2.3

Revenue Recognition Additional

Revenue Recognition Additional Information 1 (Detail) $ in Millions	Jan. 31, 2025 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations, expected to be satisfied	$ 3,182.5
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-02-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations, expected to be satisfied	$ 1,296.8
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-02-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations, expected to be satisfied	$ 1,885.7
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period

Supply Chain Finance Program -

Supply Chain Finance Program - Additional Information (Detail) - Supply Chain Finance [Member] - USD ($) $ in Millions	Jan. 31, 2025	Oct. 31, 2024
Supplier Finance Program [Line Items]
Supplier finance program, payment timing, period	120 days
Outstanding obligation	$ 9	$ 9.1
Supplier Finance Program, Obligation, Current, Statement of Financial Position [Extensible Enumeration]	Accounts Payable, Current	Accounts Payable, Current

Inventories - Schedule of Inven

Inventories - Schedule of Inventories (Detail) - USD ($) $ in Millions	Jan. 31, 2025	Oct. 31, 2024
Inventory Disclosure [Abstract]
Chassis	$ 121	$ 118
Raw materials & parts	194.7	193.3
Work in process	253.2	243.2
Finished products	43	57.4
Inventory, Gross, Total	611.9	611.9
Less: reserves	(10.1)	(9.1)
Total inventories, net	$ 601.8	$ 602.8

Property, Plant and Equipment -

Property, Plant and Equipment - Summary of Property, Plant and Equipment (Detail) - USD ($) $ in Millions	Jan. 31, 2025	Oct. 31, 2024
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 294	$ 290.6
Less: accumulated depreciation	(164.5)	(160.4)
Total property, plant and equipment, net	129.5	130.2
Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	15.8	15.7
Building and Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	100.2	99.5
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	99.2	96.9
Computer Hardware and Software [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	66	64.6
Office Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	6.2	6.2
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 6.6	$ 7.7

Property, Plant and Equipment_2

Property, Plant and Equipment - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2025	Jan. 31, 2024
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 5.4	$ 5.9
Impairment charges for discontinuation of property, plant, and equipment		$ 4.4

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Summary of Goodwill by Segment (Detail) - USD ($) $ in Millions	Jan. 31, 2025	Oct. 31, 2024	Jan. 31, 2024	Oct. 31, 2023
Goodwill [Line Items]
Goodwill	$ 137.7	$ 137.7	$ 138.7	$ 157.3
Specialty Vehicles [Member]
Goodwill [Line Items]
Goodwill	95.2	95.2
Recreational Vehicles [Member]
Goodwill [Line Items]
Goodwill	$ 42.5	$ 42.5

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Summary of Change in Net Carrying Value of Goodwill (Detail) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2025	Jan. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Balance at beginning of period	$ 137.7	$ 157.3
Divestiture (Note 7)	0	(18.6)
Balance at end of period	$ 137.7	$ 138.7

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Summary of Intangible Assets Excluding Goodwill (Detail) - USD ($) $ in Millions	Jan. 31, 2025	Oct. 31, 2024
Intangible Assets Excluding Goodwill [Line Items]
Finite-lived Customer Relationships, accumulated amortization	$ (17.9)	$ (17.3)
Indefinite-lived trade names	89.4	89.4
Total intangible assets, gross	112.7	112.7
Total intangible assets, net	94.8	95.4
Customer Relationships [Member]
Intangible Assets Excluding Goodwill [Line Items]
Finite-lived Customer Relationships, gross	23.3	23.3
Finite-lived Customer Relationships, accumulated amortization	(17.9)	(17.3)
Finite-lived Customer Relationships, net	$ 5.4	$ 6

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Summary of Net Carrying Value of Indefinite-lived Trade Names (Detail) - Trade Names [Member] - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2025	Jan. 31, 2024
Indefinite-Lived Intangible Assets [Line Items]
Balance at beginning of period	$ 89.4	$ 107.4
Impairment charges		$ (7.2)
Impairment, Intangible Asset, Indefinite-Lived (Excluding Goodwill), Statement of Income or Comprehensive Income [Extensible Enumeration]		Asset Impairment Charges
Divestiture (Note 7)	0	$ (8.9)
Balance at end of period	$ 89.4	$ 91.3

Goodwill and Intangible Asset_6

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2025	Jan. 31, 2024
Indefinite-Lived Intangible Assets [Line Items]
Amortization expense	$ 0.6	$ 0.6
Estimated future amortization expense of finite-lived intangible assets remaining nine months	1.1
Estimated future amortization expense of finite-lived intangible assets year one	1.2
Estimated future amortization expense of finite-lived intangible assets year two	1.2
Estimated future amortization expense of finite-lived intangible assets year three	1.2
Estimated future amortization expense of finite-lived intangible assets year four	$ 0.7
Trade Names [Member]
Indefinite-Lived Intangible Assets [Line Items]
Impairment charges		(7.2)
Trade Names [Member] \| Level 3 [Member]
Indefinite-Lived Intangible Assets [Line Items]
Impairment charges		$ 7.2

Divestiture Activities - Additi

Divestiture Activities - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2025	Jan. 31, 2024
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Proceeds from sale of business	$ 0	$ 308.2
Sale of Collins [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Gain (loss) on sale of business		257.5
Proceeds from sale of business		308.2
Sale of Collins [Member] \| Selling, General and Administrative Expenses [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Transaction costs		$ 5

Restructuring and Other Relat_2

Restructuring and Other Related Charges - Additional Information (Detail) $ in Millions	3 Months Ended
	Jan. 31, 2024 USD ($)
Restructuring Cost And Reserve [Line Items]
Restructuring costs	$ 0.8
Impairment charges related to intangible assets and property, plant, and equipment	11.6
Inventory charges	5.8
Other Costs	$ 0.3

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Detail) - USD ($) $ in Millions	Jan. 31, 2025	Oct. 31, 2024
Debt Instruments [Abstract]
2021 ABL Facility	$ 140	$ 85

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) - 2021 Asset Based Lending Facility [Member] - USD ($) $ in Millions			3 Months Ended
	Apr. 13, 2021	Apr. 13, 2021	Jan. 31, 2025	Oct. 31, 2024
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 550	$ 550
Incremental borrowing capacity amount		100
Debt instrument maturity date			Apr. 13, 2026
Weighted-average interest rate			6.40%	6.80%
Available current borrowing capacity			$ 262.9	$ 349.6
Base Rate [Member]
Debt Instrument [Line Items]
Debt instrument applicable interest rate margins			1%
SOFR [Member]
Debt Instrument [Line Items]
Debt instruments applicable interest margin and credit spread adjustment			0.10%
Debt instrument applicable interest rate margins			2%
Required annual payment percentage			0%
Maximum [Member]
Debt Instrument [Line Items]
Additional borrowing capacity	$ 20	$ 20
Fixed charge coverage ratio	110%	110%
Fixed charge coverage ratio covenant reference borrowing capacity	$ 40
Fixed charges coverage ratio covenant reference borrowing capacity percent	15%
Minimum [Member]
Debt Instrument [Line Items]
Fixed charge coverage ratio	100%	100%
Letter of Credit [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 35	$ 35
Letter of Credit [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	550	550
Swing Lines Loan [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 30	$ 30

Long-Term Debt - Summary of Gro

Long-Term Debt - Summary of Gross Borrowings and Gross Payments under 2021 ABL Facility (Detail) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2025	Jan. 31, 2024
Debt Instrument [Line Items]
Total net borrowings	$ 55	$ (150)
2021 Asset Based Lending Facility [Member]
Debt Instrument [Line Items]
Gross borrowings	213	283
Gross payments	158	433
Total net borrowings	$ 55	$ (150)

Warranties - Schedule of Change

Warranties - Schedule of Changes in Warranty Liability (Detail) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2025	Jan. 31, 2024
Guarantees [Abstract]
Balance at beginning of period	$ 42.1	$ 39.1
Warranty provisions	9.9	8.4
Settlements made	(8.5)	(9.3)
Divestiture (Note 7)		(1.1)
Balance at end of period	$ 43.5	$ 37.1

Warranties - Accrued Warranty C

Warranties - Accrued Warranty Classified in Condensed Unaudited Consolidated Balance Sheets (Detail) - USD ($) $ in Millions	Jan. 31, 2025	Oct. 31, 2024	Jan. 31, 2024	Oct. 31, 2023
Guarantees [Abstract]
Current liabilities	$ 19.2	$ 20
Other long-term liabilities	24.3	22.1
Total warranty liability	$ 43.5	$ 42.1	$ 37.1	$ 39.1

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
	Jan. 31, 2025	Jan. 31, 2024
Earnings Per Share [Abstract]
Basic weighted-average common shares outstanding	51,615,748	59,050,739
Dilutive restricted stock awards	258,725	291,935
Dilutive restricted stock units	408,061	348,671
Dilutive performance stock units	0	90,964
Diluted weighted-average common shares outstanding	52,282,534	59,782,309

Earnings Per Share - Calculatio

Earnings Per Share - Calculation of Diluted Weighted-Average Shares Outstanding Due to Anti-Dilutive Effect (Detail) - shares	3 Months Ended
	Jan. 31, 2025	Jan. 31, 2024
Stock Options [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive shares	3,096	0

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Oct. 31, 2024
Income Tax Disclosure [Abstract]
Income tax expense	$ 3.8	$ 61.5
Pre-tax income	17.30%	25.20%
Net discrete tax expense (benefit) related to share-based compensation	$ 1.7
Net discrete tax expense (benefit) related to sale of Collins		$ 63.4
Unrecognized tax benefits	$ 4.1		$ 3.9

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Contingent Liabilities (Detail) - USD ($) $ in Millions	Jan. 31, 2025	Oct. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Performance, bid and specialty bonds	$ 666.9	$ 675.5
Open standby letters of credit	14.2	14.2
Total	$ 681.1	$ 689.7

Commitments and Contingencies_2

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Jan. 31, 2025	Oct. 31, 2024	Oct. 31, 2023
Loss Contingencies [Line Items]
Contingent liability under purchase agreements for future chassis inventory purchases	$ 14.4	$ 20.8
Repurchase agreement	2 years
Represents the gross value of all vehicles under repurchase agreements	$ 388	380.6
Aggregate amount of indebtedness which the Company is a party to through guarantee agreements	$ 19.9	21.7
Guarantee agreement	5 years
Litigation settlement expense			$ 13.7
Maximum [Member]
Loss Contingencies [Line Items]
Contingent liability related to vehicle chassis	$ 39.4	38.1
Estimated loss exposure under contract	$ 3.4	$ 4

Business Segment Information -

Business Segment Information - Additional Information (Detail)	3 Months Ended
	Jan. 31, 2025 Segment
Segment Reporting [Abstract]
Number of reportable segments	2

Business Segment Information _2

Business Segment Information - Schedule of Selected Financial Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Oct. 31, 2024
Segment Reporting Information [Line Items]
Net sales	$ 525.1	$ 586
Depreciation and amortization	6	6.5
Capital expenditures	4.9	10.5
Total assets	1,242.1	1,421.1	$ 1,213
Operating Segment [Member] \| Specialty Vehicles [Member]
Segment Reporting Information [Line Items]
Net sales	370.2	417.2
Depreciation and amortization	3.9	4.3
Capital expenditures	4.1	3.9
Total assets	799.6	911.6
Adjusted EBITDA	35.2	26.2
Operating Segment [Member] \| Recreational Vehicles [Member]
Segment Reporting Information [Line Items]
Net sales	155	169.4
Depreciation and amortization	1.5	1.6
Capital expenditures	0.5	5.6
Total assets	386.6	394.1
Adjusted EBITDA	9.2	11.6
Corporate, Other and Elims [Member]
Segment Reporting Information [Line Items]
Net sales	(0.1)	(0.6)
Depreciation and amortization	0.6	0.6
Capital expenditures	0.3	1
Total assets	55.9	115.4
Adjusted EBITDA	$ (7.6)	$ (7.3)

Business Segment Information _3

Business Segment Information - Reconciliation of Segment Adjusted EBITDA to Net Income (Detail) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2025	Jan. 31, 2024
Segment Reporting Information [Line Items]
Interest expense, net	$ (6)	$ (6.8)
Provision for income taxes	(3.8)	(61.5)
Restructuring		(0.8)
Impairment charges	0	(12.6)
Stock-based compensation expense	(2.6)	(2.9)
Gain on sale of business	0	257.5
Net income	18.2	182.7
Operating Segment [Member] \| Specialty Vehicles [Member]
Segment Reporting Information [Line Items]
Adjusted EBITDA	35.2	26.2
Operating Segment [Member] \| Recreational Vehicles [Member]
Segment Reporting Information [Line Items]
Adjusted EBITDA	9.2	11.6
Operating Segment [Member] \| Corporate and Other [Member]
Segment Reporting Information [Line Items]
Adjusted EBITDA	(7.6)	(7.3)
Reconciling Items [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization	(6)	(6.5)
Interest expense, net	(6)	(6.8)
Provision for income taxes	(3.8)	(61.5)
Transaction expenses		(5)
Sponsor expense reimbursement		(0.2)
Restructuring		(0.8)
Restructuring related charges		(6.1)
Impairment charges		(12.6)
Stock-based compensation expense	(2.8)	(2.9)
Legal matters		(2.9)
Gain on sale of business		257.5
Net income	$ 18.2	$ 182.7

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Detail) - USD ($)			3 Months Ended
	Jan. 10, 2025	Jan. 12, 2024	Jan. 31, 2025	Jan. 31, 2024	Dec. 05, 2024	Jun. 01, 2023
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, total cost			$ 19,300,000
Dividends declared per common share			$ 0.06	$ 3.05
O 2024 Q1 Dividends [Member]
Equity Class Of Treasury Stock [Line Items]
Dividend paid per share		$ 0.05
Dividends Payable, Date of Record		Dec. 26, 2023
O 2025 Q1 Dividends [Member]
Equity Class Of Treasury Stock [Line Items]
Dividend paid per share	$ 0.06
Dividends Payable, Date of Record	Dec. 26, 2024
S 2024 Q1 Dividends [Member]
Equity Class Of Treasury Stock [Line Items]
Dividends declared per common share				$ 3
Dividends Payable, Date of Record				Feb. 09, 2024
Dividends Payable, Date to be Paid				Feb. 16, 2024
Common Stock [Member]
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, number of remaining shares repurchased and retired			579,165
Common Stock [Member] \| 2024 Repurchase Program [Member]
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, total cost			$ 19,200,000
Stock repurchase program, number of remaining shares repurchased and retired			579,165
Average price			$ 33.09
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
Common Stock [Member] \| Maximum [Member] \| 2024 Repurchase Program [Member]
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, authorized amount to repurchase issued and outstanding common stock					$ 250,000,000

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) - 2021 Asset Based Lending Facility [Member] - USD ($) $ in Millions	Feb. 20, 2025	Apr. 13, 2021
Subsequent Event [Line Items]
Maximum borrowing capacity		$ 550
Letter of Credit [Member]
Subsequent Event [Line Items]
Maximum borrowing capacity		35
Swing Lines Loan [Member]
Subsequent Event [Line Items]
Maximum borrowing capacity		$ 30
Swing Lines Loan [Member] \| Subsequent Event [Member]
Subsequent Event [Line Items]
Maximum borrowing capacity	$ 45
Maximum [Member]
Subsequent Event [Line Items]
Fixed charge coverage ratio		110%
Maximum [Member] \| Subsequent Event [Member]
Subsequent Event [Line Items]
Fixed charge coverage ratio	100%
Maximum [Member] \| Letter of Credit [Member]
Subsequent Event [Line Items]
Maximum borrowing capacity		$ 550
Maximum [Member] \| Letter of Credit [Member] \| Subsequent Event [Member]
Subsequent Event [Line Items]
Maximum borrowing capacity	$ 450
Minimum [Member]
Subsequent Event [Line Items]
Fixed charge coverage ratio		100%
Minimum [Member] \| Subsequent Event [Member]
Subsequent Event [Line Items]
Fixed charge coverage ratio	100%