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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NOVI, Mich., Oct. 21, 2021 /PRNewswire/ -- 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 third quarter 2021 results prior to the market opening on Thursday, November 4, 2021.

The Shyft Group Conference Call And Webcast Of Third Quarter 2021 Results Scheduled For November 4

NOVI, Mich., Sept. 28, 2021 /PRNewswire/ -- Utilimaster® will showcase three unique utility vehicles that demonstrate the brand's wide range of capabilities at The Utility Expo taking place in Louisville, Kentucky, September 28-30.

The Shyft Group's Utilimaster To Showcase Three Specialized Vehicles At Utility Expo

NOVI, Mich., Sept. 20, 2021 /PRNewswire/ -- 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, announced the opening of a dedicated research and development center, located at 47632 Halyard Drive, Plymouth, Michigan.

The Shyft Group Furthers R&D Investment To Drive Organic Growth - Opens Dedicated Shyft Innovations Facility In Southeast Michigan

NOVI, Mich. , Aug. 31, 2021 /PRNewswire/ -- The past year has transformed the way people get their groceries, with many preferring the convenience of home delivery.

The Shyft Group's Utilimaster Receives Influx Of Grocery Delivery Vehicle Orders To Meet Growing Demand For Fresh And Frozen Goods Home Delivery

The Shyft Group, Inc. (SHYF) CEO Daryl Adams on Q2 2021 Results - Earnings Call Transcript

The Shyft Group (SHYF) delivered earnings and revenue surprises of 1.92% and -0.78%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

The Shyft Group (SHYF) Surpasses Q2 Earnings Estimates

NOVI, Mich., Aug. 5, 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 second quarter ending June 30, 2021.

The Shyft Group Reports Second Quarter Results

NOVI, Mich., Aug. 4, 2021 /PRNewswire/ -- Utilimaster®, a go-to-market brand of The Shyft Group's Fleet Vehicles & Services business unit (NASDAQ: SHYF), 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, is continuing its commitment to the World Golf Championship-FedEx St. Jude Invitational, which raises funds to be donated to the St. Jude Children's Research Hospital.

The Shyft Group's Utilimaster Supports FedEx Express Through Continued Commitment to St. Jude Children's Research Hospital With $46,000 Sponsorship

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: Should You Buy?

NOVI, Mich., July 27, 2021 /PRNewswire/ --  Utilimaster®, a go-to-market brand of The Shyft Group's Fleet Vehicles & Services business unit (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, announced it will be attending both the GM Fleet Solutions Summit at MetLife Stadium in East Rutherford, New Jersey, from July 27-28 as well as the Contractor Expo in Nashville, Tennessee, from July 30-31.

The Shyft Group's Utilimaster To Exhibit Leading Parcel Delivery Vehicles At General Motors' Fleet Solutions Summit And The Contractor Expo

NOVI, Mich., July 22, 2021 /PRNewswire/ -- 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 second quarter 2021 results prior to the market opening on Thursday, August 5, 2021.

The Shyft Group Conference Call and Webcast of Second Quarter 2021 Results Scheduled for August 5

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NOVI, Mich., June 28, 2021 /PRNewswire/ -- 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 it has engaged TiiCKER to launch a dedicated retail investor and shareholder perks site at www.TiiCKER.com/SHYF.

The Shyft Group Enrolls with TiiCKER, a Retail Shareholder Loyalty & Engagement Platform

NOVI, Mich., June 8, 2021 /PRNewswire/ -- 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, unveiled plans today to bring to market an all-electric purpose-built Class 3 chassis platform designed to serve a wide array of medium-duty truck markets, from last mile parcel delivery fleets to work trucks, passenger busses, recreational vehicles, and more.

The Shyft Group Advances Electrified Mobility With Plan For Expansive Medium-Duty All-Electric Commercial Vehicle Chassis Platform

NOVI, Mich., May 20, 2021 /PRNewswire/ -- 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 it will hold a virtual Analyst and Investor Conference on June 8, 2021.

The Shyft Group to Hold Virtual Analyst and Investor Conference on June 8, 2021

NOVI, Mich., May 17, 2021 /PRNewswire/ -- 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 the appointment of Joshua Sherbin as Chief Legal Officer and Chief Compliance Officer.

The Shyft Group Names Joshua Sherbin Chief Legal Officer

Shyft Group, Inc. (SHYF) CEO Daryl Adams on Q1 2021 Results - Earnings Call Transcript

The Shyft Group (SHYF) has been struggling lately, but the selling pressure may be coming to an end soon

Shyft Group (SHYF) Sees Hammer Chart Pattern: Time to Buy?

The Shyft Group (SHYF) delivered earnings and revenue surprises of 20.00% and 9.39%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

The Shyft Group (SHYF) Q1 Earnings and Revenues Beat Estimates

NOVI, Mich., May 6, 2021 /PRNewswire/ -- 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 reported operating results for the first quarter ending March 31, 2021.

The Shyft Group Posts Strong First Quarter Results

Analysts Estimate The Shyft Group (SHYF) to Report a Decline in Earnings: What to Look Out for (Revised)

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Analysts Estimate The Shyft Group (SHYF) to Report a Decline in Earnings: What to Look Out for

NOVI, Mich., April 22, 2021 /PRNewswire/ -- 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 2021 results prior to the market opening on Thursday, May 6, 2021.

The Shyft Group Conference Call And Webcast Of First Quarter 2021 Results Scheduled For May 6

WATERVILLE, Maine, March 23, 2021 /PRNewswire/ -- DuraMag, a go-to-market brand of The Shyft Group's Specialty Vehicles business unit (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, announced today it will engineer, manufacture, and install vocational body upfits for ev Transportation Services' (evTS) FireFly vehicles, making the all-electric lightweight utility vehicle well suited to a variety of essential service and electro-mobility (e-mobility) functions. DuraMag, a Northeast-based leading all-aluminum truck body manufacturer, will build food and parcel delivery vans, as well as landscape, dump, and flatbed utility bodies for the FireFly electric vehicles at the Company's facility in Waterville, Maine.

The Shyft Group's DuraMag To Build And Upfit Electric Vehicle Vocational Bodies For FireFly® ESV's, Further Demonstrating Its Service Body Design And Application Flexibility

News for Shyft Group Inc/The Stock (SHYF)