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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Rush Enterprises operates the largest network of commercial vehicle dealerships in North America Initial focus to sell and service Blue Arc Class 3, 4, and 5 all-electric last mile delivery vehicles through select Rush Truck Centers NOVI, Mich. and SAN ANTONIO, Oct. 02, 2023 (GLOBE NEWSWIRE) -- The Shyft Group, Inc. (NASDAQ: SHYF), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, today announced it has finalized an agreement with Rush Enterprises, which operates the largest network of commercial vehicle dealerships in North America, to sell and service the Company's Blue Arc™ Class 3, 4 and 5 all-electric delivery vehicles.

The Shyft Group Signs Agreement With Rush Enterprises Commercial Vehicle Dealer Group for Sales and Service of Blue Arc™ Electric Vehicles

After The Shyft Group, Inc.'s successful transformation that led to stellar financial results from 2016-2021, the company is facing both short-term and long-term uncertainties. Short term, the company's earnings will likely be dictated by demand trends for RVs and last-mile delivery vehicles. Over the long-term, Shyft's success will be determined by its Blue Arc EV roll-out as e-commerce companies invest in electric fleets.

The Shyft Group: Facing Both Short-Term And Long-Term Questions

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NOVI, Mich., Sept. 19, 2023 (GLOBE NEWSWIRE) -- The Shyft Group, Inc. (NASDAQ: SHYF) (the “Company”), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, today announced that Daryl Adams, President and Chief Executive Officer, and Jon Douyard, Chief Financial Officer, will attend and present at the D.A. Davidson 22nd Annual Diversified Industrials & Services Conference in Nashville, Tennessee on September 21, 2023.

The Shyft Group to Attend and Present at the D.A. Davidson 22nd Annual Diversified Industrials & Services Conference

Affirms commitment to Environmental, Social, and Governance principles Demonstrates progress across initiatives that advance sustainability, promote diversity, equity and inclusion, and enhance corporate transparency NOVI, Mich., Sept. 14, 2023 (GLOBE NEWSWIRE) -- The Shyft Group, Inc. (NASDAQ: SHYF) today published its 2023 sustainability report, Charging Towards a Sustainable Future, highlighting the company's sustainability activities, performance and results from calendar year 2022.

The Shyft Group Releases 2023 Sustainability Report

NOVI, Mich., Sept. 12, 2023 (GLOBE NEWSWIRE) -- The Shyft Group, Inc. (NASDAQ: SHYF) (the “Company”), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, today announced that Jon Douyard, Chief Financial Officer, will participate in the 2023 RBC Capital Markets Global Industrials Conference in Las Vegas, NV, on September 13, 2023. The Company will be hosting a breakout session and one-on-one meetings with institutional investors throughout the day.

The Shyft Group to Participate in the 2023 RBC Capital Markets Global Industrials Conference

NEW YORK--(BUSINESS WIRE)-- #A--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Shyft Group, Inc. (“Shyft” or the “Company”) (NASDAQ: SHYF) on behalf of Shyft stockholders. Our investigation concerns whether Shyft has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On July 27, 2023, Shyft reported its quarterly financials which disclosed t.

SHYFT ALERT: Bragar Eagel & Squire, P.C. is Investigating Shyft Group, Inc. on Behalf of Shyft Stockholders and Encourages Investors to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / August 8, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of The Shyft Group, Inc. ("Shyft" or "the Company") (NASDAQ:SHYF) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTOR ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against The Shyft Group, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / August 5, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of The Shyft Group, Inc. ("Shyft" or "the Company") (NASDAQ: SHYF) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against The Shyft Group, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / August 4, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of The Shyft Group, Inc. ("Shyft" or "the Company") (NASDAQ:SHYF) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTIGATION ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against The Shyft Group, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / August 3, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of The Shyft Group, Inc. ("Shyft" or "the Company") (NASDAQ:SHYF) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

ONGOING INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against The Shyft Group, Inc. and Encourages Investors with Losses In Excess of $100,000 to Contact the Firm

NEW YORK--(BUSINESS WIRE)---- $SHYFT #classaction--The law firm of Kirby McInerney LLP is investigating potential claims against Shyft Group Inc. (“Shyft” or the “Company”) (NASDAQ: SHYF). The investigation concerns whether Shyft and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices. Shyft manufactures and assembles specialty vehicles for the commercial vehicle and recreational vehicle industries. On July 27, 2023, Shyft reported its quarterly fina.

Kirby McInerney LLP Announces Investigation of Shareholder Claims Against Shyft Group Inc. (SHYF)

The Shyft Group, Inc. (NASDAQ:SHYF ) Q2 2023 Earnings Conference Call July 28, 2023 8:30 AM ET Company Participants Randy Wilson - Vice President, Investor Relations and Treasury Daryl Adams - President & Chief Executive Officer Jon Douyard - Chief Financial Officer Conference Call Participants Ray Guiso - BTIG Mike Shlisky - D.A. Davidson Matt Koranda - Roth MKM Ryan Sigdahl - Craig-Hallum Capital Group Operator Good morning, Welcome to the Shyft Group's Second Quarter 2023 Conference Call and Webcast.

The Shyft Group, Inc. (SHYF) Q2 2023 Earnings Call Transcript

Shyft delivered solid earnings, but warned it was unlikely to meet expectations for the full year. The company is seeing a slowdown in demand for delivery vehicles and motorhome chassis.

Why Shyft Group Stock Is Down Big Today

NOVI, Mich., July 27, 2023 (GLOBE NEWSWIRE) -- 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 reports operating results for the second quarter ending June 30, 2023.

The Shyft Group Reports Second Quarter 2023 Results

NOVI, Mich., July 18, 2023 (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 second quarter 2023 results prior to the market opening on Thursday, July 27, 2023. A conference call and webcast will begin at 8:30 a.m. ET to discuss its financial results with analysts and institutional investors.

The Shyft Group to Announce Second Quarter 2023 Financial Results on July 27, 2023

NOVI, Mich., July 10, 2023 (GLOBE NEWSWIRE) -- The Shyft Group, Inc. (NASDAQ: SHYF), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, today named Jacob Farmer as President, Specialty Vehicles, effective July 17, 2023. In his new role, Mr. Farmer will be responsible for all aspects of the business, working with his senior leadership team across seven go-to-market brands to guide the strategic vision of the business unit and oversee its implementation to deliver shareholder value. The Specialty Vehicles business segment includes Royal® Truck Body, DuraMag® and Magnum®, Strobes-R-Us, Spartan® RV Chassis, Red Diamond™ Aftermarket Solutions and Builtmore Contract Manufacturing™.

The Shyft Group Appoints Jacob Farmer as President, Specialty Vehicles

DETROIT , June 26, 2023 /PRNewswire/ -- Vehya, the dedicated marketplace platform for Electric Vehicle Supply Equipment (EVSE), announces a strategic partnership with Utilimaster, a leading go-to-market brand of The Shyft Group's Fleet Vehicles & Services business unit, and Stellantis N.V., a prominent automaker and mobility provider, as they expand their services into Mexico.

Vehya Collaborates with Utilimaster and Stellantis to Extend EV Installation Services into Mexico

Specialty vehicle manufacturing company Shyft Group Inc.'s stock SHYF, -1.09% rose 3% premarket Monday, after the company announced a leadership transition plan. The Novi, Michigan-based company said Chief Executive Daryl Adams will step down once a successor has been appointed.

Shyft Group stock up 3% premarket after company announces CEO transition plan

NOVI, Mich.--(BUSINESS WIRE)--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 announced that its Board of Directors and Daryl Adams have initiated a succession process whereby Mr. Adams will transition from the role of President and CEO once a successor has been appointed. At that time, he will also resign from the Board of D.

The Shyft Group Announces Leadership Transition Plan

Milestone achieved with flexible manufacturing facilities, a highly trained and capable team, and lean manufacturing processes Milestone achieved with flexible manufacturing facilities, a highly trained and capable team, and lean manufacturing processes

UPDATE -- Builtmore Contract Manufacturing Celebrates 100,000th Unit Production Milestone With Isuzu for N-Series Gas-Powered Trucks

NOVI, Mich., May 31, 2023 (GLOBE NEWSWIRE) -- The Shyft Group, Inc. (NASDAQ: SHYF) (the “Company”), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, today announced that Daryl Adams, President and Chief Executive Officer, and Jon Douyard, Chief Financial Officer, will attend the 20th Annual Craig-Hallum Institutional Investor Conference in Minneapolis, Minnesota on May 31, 2023. The Shyft Group will be hosting one-on-one meetings with institutional investors throughout the day.

The Shyft Group to Attend the 20th Annual Craig-Hallum Institutional Investor Conference

Michigan-based Shyft Group , a multi-brand manufacturer of medium-duty specialty vehicles, is preparing to launch production this fall of a new line of electric trucks and vans under the Blue Arc brand.

Shyft Group's new Blue Arc launching medium-duty electric vans, trucks

SHYF posted its Q1 FY23 results with improved sales and gross margins. They are expanding their business in Tennessee to boost revenue growth.

The Shyft Group: Right Time To Invest

Advanced technology integration reinforces commitment to refining luxury travel experience and steady innovation in collaboration with OEMs Advanced technology integration reinforces commitment to refining luxury travel experience and steady innovation in collaboration with OEMs

News for Shyft Group Inc/The Stock (SHYF)