Shyft Group Inc/The

The Shyft Group, Inc. engages in vehicle manufacturing and assembly for the commercial and retail vehicle industries as well as for the emergency response and recreational vehicle markets. It operates through the Fleet Vehicles and Services, and Specialty Vehicles segments. The Fleet Vehicles and Services segment manufactures commercial vehicles used in the e-commerce/last mile/parcel delivery, beverage and grocery delivery, mobile retail, and trades and construction industries. The Specialty Vehicles segment deals with the engineering and manufacturing diesel motor home chassis, the provision of specialty vehicles and other commercial vehicles, and the distribution of related aftermarket parts and accessories. The company was founded by William F. Foster, George Sztykiel, Gerald Geary, and John Knox on September 18, 1975 and is headquartered in Novi, MI.

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Shyft Group Inc achieves record sales in 2022 amidst supply chain challenges

Shyft Group Inc faces supply chain challenges but maintains optimism with strong sales performance and growth initiatives. Anticipated slower operational growth in 2023 with a focus on maintaining a strong balance sheet.

Shyft Group reports strong Q1 performance and bullish 2023 outlook

Shyft Group's Q1 2023 performance showcased robust sales growth, improved profitability, and strategic advancements in EV development and specialty vehicles.
While facing challenges with backlog levels and operational efficiency, the company's strong focus on cash flow, balance sheet strength, and investments bode well for future growth.
Opportunities lie in capitalizing on strong customer demand, EV market trends, and the positive sales outlook for 2023 to drive continued success and shareholder value.
Overall, Shyft Group's solid start to the year sets a positive tone for future growth and market expansion, underpinned by a commitment to innovation and financial strength.

Shyft Group reports mixed Q2 results, focuses on cost-cutting and EV growth

Shyft Group's Q2 2023 showed mixed results with sales decline but increased adjusted EBITDA, driven by strong specialty vehicle performance.
Despite market challenges, the company is focused on cost-cutting measures, Blue Arc EV progress, and maintaining a strong financial position.
Challenges in last mile delivery and FES segments are being addressed, while opportunities in potential demand increase and strategic adjustments are noted.
Overall, the company is navigating market challenges while positioning for future growth opportunities and expressing gratitude to investors.

Shyft Group reports record Q3 profitability and focuses on sustainability

Shyft Group's Q3 performance showcased resilience and strategic investments, with a focus on sustainability and market opportunities.
While facing challenges in certain segments and revised outlook, the company's strong balance sheet and leadership transition position it for future growth.
Opportunities lie in leveraging sustainability efforts, market trends, and innovation to drive growth and enhance competitiveness in the industry.

Shyft Group Inc. reports solid 2023 results, eyes growth opportunities

Shyft Group Inc. shows strong financial performance in 2023 with a focus on operational excellence and customer-centric strategies.
Record profitability in the Specialty Vehicles segment highlights operational strength and potential for growth.
Challenges include sales decline in the Fleet Vehicles & Services segment and a cautious view on near-term demand.
Opportunities lie in enhancing operational efficiency, adjusting sales strategies, and capitalizing on the Blue Arc EV program.

Shyft Group reports mixed Q1 results, affirms 2024 outlook

Shyft Group Inc/The (SHYF) reported mixed Q1 2024 results with strong performance in the specialty vehicle segment.
Challenges included soft parcel order activity impacting FVS sales and profitability.
The company remains focused on growth opportunities, including the Blue ARC EV program and infrastructure expansion.
Overall, Shyft Group reaffirmed its 2024 outlook, signaling confidence in future performance.

Shyft Group Inc reports robust Q2 performance and growth outlook

The Shyft Group's Q2 2024 performance reflects solid sales, profitability, and strategic acquisitions driving growth.
While challenges in integration and market dynamics exist, the company's focus on efficiency and growth presents opportunities for expansion.
Maintaining financial commitments and investing in future growth will be key to sustaining momentum and capitalizing on market opportunities.

Shyft Group Inc reports robust Q3 results, eyes EV market

SHYF's Q3 2024 performance reflects solid financial results, operational efficiency, and segment-wise strength, positioning the company for future growth.
The company's strategic initiatives, including acquisitions and EV production, demonstrate a commitment to innovation and market responsiveness.
While facing challenges in achieving financial breakeven for Blue Arc and addressing analyst inquiries, SHYF remains optimistic about its outlook and growth potential.

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As the cost gap shrinks between conventional and electric delivery vans and work trucks, legacy bodybuilders and startups from A to Z seek leadership and market share. It's a smart play.

Electric delivery van and chassis makers jostle for leadership

NOVI, Mich., April 14, 2022 (GLOBE NEWSWIRE) -- The Shyft Group, Inc. (NASDAQ: SHYF) (“Shyft” or the “Company”), the North American leader in specialty vehicle manufacturing, assembly, and upfit for ecommerce-driven parcel delivery, as well as the broader commercial, retail, and service specialty vehicle markets, will announce its first quarter 2022 results prior to the market opening on Thursday, April 28, 2022. The Company will also host a conference call and webcast on the same day at 10 a.m. ET to discuss its financial results with analysts and institutional investors.

The Shyft Group Conference Call and Webcast of First Quarter 2022 Results Scheduled for April 28

Esposito Brings Strong Innovation and Electronics Solutions Business Expertise Esposito Brings Strong Innovation and Electronics Solutions Business Expertise

Carl Esposito Joins Shyft Group's Board of Directors

NOVI, Mich., March 10, 2022 (GLOBE NEWSWIRE) -- The Shyft Group, Inc. (NASDAQ: SHYF) (the “Company”), the North American leader in specialty vehicle manufacturing and assembly for the commercial and fleet vehicle industries (including last mile delivery, specialty service and vocation-specific upfit markets), as well as for the recreational vehicle markets, today announced that Daryl Adams, President and Chief Executive Officer and Jon Douyard, Chief Financial Officer will attend the 34th Annual ROTH Conference in Dana Point, California on March 14 and 15, 2022. The Shyft Group will be hosting one-on-one meetings with institutional investors throughout both days. Please contact your ROTH representative to schedule a meeting to learn more about the Company.

The Shyft Group to Attend the 34th Annual ROTH Conference

Leader in parcel-delivery fleets responds to direct customer requests to help meet last-mile delivery needs with new commercial grade EV ecosystem

The Shyft Group Debuts Blue Arc EV Solutions Go to Market Brand and Sets Industry Benchmark in Commercial Grade Fully Electric Delivery Vehicle and Chassis

NOVI, Mich., March 03, 2022 (GLOBE NEWSWIRE) -- The Shyft Group, Inc. (NASDAQ: SHYF) (the “Company”), the North American leader in specialty vehicle manufacturing and assembly for the commercial and fleet vehicle industries (including last mile delivery, specialty service and vocation-specific upfit markets), as well as for the recreational vehicle markets, today announced that Daryl Adams, President and Chief Executive Officer and Jon Douyard, Chief Financial Officer will attend the Raymond James 43rd Annual Institutional Investors Conference in Orlando, Florida on March 7, 2022.

The Shyft Group to Attend the Raymond James 43rd Annual Institutional Investors Conference

The Shyft Group, Inc. (SHYF) CEO Daryl Adams on Q4 2021 Results - Earnings Call Transcript

The Shyft Group (SHYF) delivered earnings and revenue surprises of 16.67% and 18.86%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

The Shyft Group (SHYF) Q4 Earnings and Revenues Top Estimates

Posts Record Full Year EPS of $1.91; Adjusted EPS of $2.08 on Sales of $992 Million Posts Record Full Year EPS of $1.91; Adjusted EPS of $2.08 on Sales of $992 Million

The Shyft Group Reports Fourth Quarter and Full-Year 2021 Results

The Shyft Group (SHYF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

The Shyft Group (SHYF) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

NOVI, Mich., Feb. 10, 2022 (GLOBE NEWSWIRE) -- The Shyft Group, Inc. (NASDAQ: SHYF) (“Shyft” or the “Company”), the North American leader in specialty vehicle manufacturing, assembly, and upfit for ecommerce-driven parcel delivery, as well as the broader commercial, retail, and service specialty vehicle markets, will announce its fourth quarter and full year 2021 results prior to the market opening on Thursday, February 24, 2022. The Company will also host a conference call and webcast on the same day at 10 a.m. ET to discuss its financial results with analysts and institutional investors.

The Shyft Group Conference Call and Webcast of Fourth Quarter and Full Year 2021 Results Scheduled for February 24

NOVI, Mich., Feb. 8, 2022 /PRNewswire/ -- The Shyft Group (NASDAQ: SHYF), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, announced it will reveal its all-new electric delivery vehicle on their proprietary, purpose-built Class 3 EV chassis at the NTEA Work Truck Week trade show taking place in Indianapolis from March 8-10.

THE SHYFT GROUP TO DEBUT LAST-MILE ELECTRIC DELIVERY VEHICLE AT NTEA WORK TRUCK WEEK

NOVI, Mich., Feb. 03, 2022 (GLOBE NEWSWIRE) -- The Shyft Group, Inc., (NASDAQ: SHYF) (“Shyft” or the “Company”), North America's leader in specialty vehicle manufacturing, assembly, and upfit for ecommerce-driven parcel delivery, as well as the broader commercial, retail, and service specialty vehicle markets, today announced that its Board of Directors has authorized an increase in the Company's common stock from $0.025 to $0.05 per share.

The Shyft Group Raises Quarterly Dividend 2X to $0.05 per Share

NOVI, Mich., Jan. 26, 2022 /PRNewswire/ -- The Shyft Group (NASDAQ: SHYF), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, is proud to announce that Board of Directors member Michael Dinkins was named one of Savoy magazine's 2021 Most Influential Black Corporate Directors.

THE SHYFT GROUP BOARD MEMBER MICHAEL DINKINS HONORED BY SAVOY MAGAZINE

NOVI, Mich., Jan. 14, 2022 /PRNewswire/ --  Spartan RV Chassis , a go-to-market brand of The Shyft Group (NASDAQ: SHYF), will exhibit at the 2022 Florida RV SuperShow and introduce for the first time its Red Diamond™ Leveling System, an exclusive aftermarket option.

Spartan RV Chassis Parts & Accessories Launches One-Touch Automatic Leveling System at the 2022 Florida RV SuperShow

Ferrari

SHYF vs. RACE: Which Stock Is the Better Value Option?

SHYF vs. RACE: Which Stock Should Value Investors Buy Now?

NOVI, Mich., Dec. 22, 2021 /PRNewswire/ --­ Utilimaster , a go-to-market brand of The Shyft Group's Fleet Vehicles & Services business unit (NASDAQ: SHYF) ("Shyft" or the "Company"), announced today it has worked with Ford Pro™ to produce two pilot vehicles built on the all-electric Ford E-Transit chassis for customer testing.

THE SHYFT GROUP'S UTILIMASTER UPFITS FORD PRO ALL-ELECTRIC E-TRANSIT CUSTOMER PILOT VEHICLES

The Shyft Group (SHYF) is well positioned to outperform the market, as it exhibits above-average growth in financials.

3 Reasons Why Growth Investors Shouldn't Overlook The Shyft Group (SHYF)

The Shyft Group (SHYF) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Rising for The Shyft Group (SHYF): Will It Gain?

Here is Why Growth Investors Should Buy The Shyft Group (SHYF) Now

The Shyft Group, Inc. (SHYF) CEO Daryl Adams on Q3 2021 Results - Earnings Call Transcript

The Shyft Group (SHYF) delivered earnings and revenue surprises of 21.15% and 10.17%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

The Shyft Group (SHYF) Beats Q3 Earnings and Revenue Estimates

NOVI, Mich., Nov. 4, 2021 /PRNewswire/ -- The Shyft Group, Inc. (NASDAQ: SHYF) ("Shyft" or the "Company"), the North American leader in specialty vehicle manufacturing, assembly and upfit for the commercial, retail and service specialty vehicle markets, today reported operating results for the third quarter, ending September 30, 2021.

The Shyft Group Reports Record Third Quarter Results

Earnings Preview: The Shyft Group (SHYF) Q3 Earnings Expected to Decline

NOVI, Mich., Oct. 26, 2021 /PRNewswire/ -- Utilimaster® has been awarded a $53 million contract from the United States Postal Service (USPS) for 447 Utilimaster truck bodies to be used for bulk mail delivery.

News for Shyft Group Inc/The Stock (SHYF)