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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Blue Arc EVs meet emission standards set by the California Air Resources Board and contribute to cleaner, safer air quality

The Shyft Group Achieves CARB Approval for Blue Arc™ EV Delivery Vans

The Shyft Group Reports Damage to Montebello, California, Facility

Kermisch brings expertise in commercial go-to-market strategy and execution Kermisch brings expertise in commercial go-to-market strategy and execution

Pamela Kermisch Joins Shyft Group's Board of Directors

Brings four Shyft brands together in fast-growing Nashville area to serve Southeastern U.S. market

Shyft Launches Tennessee Operations For Growing Service Body, Police Car Upfit and Accessory Businesses

NOVI, Mich., March 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 announced that Daryl Adams, President and Chief Executive Officer and Jon Douyard, Chief Financial Officer, will attend the 35th Annual Roth Conference in Dana Point, California on March 13 and 14, 2023. They will be hosting one-on-one meetings with institutional investors and a fireside chat.

The Shyft Group to Present at the 35th Annual Roth Conference

The truck combines a Class 5 EV chassis with a lightweight aluminum dump body and spacious cab,  designed to power the EV transition for construction, utilities, snow removal, landscaping and more

The Shyft Group Debuts Game-Changing Blue Arc Class 5 All-Electric Crew Cab

In order for electric trucks and delivery vans to proliferate, the EV industry has some infrastructure issues to iron out. One thing the space isn't lacking, though, is choice.

Shyft Group gets in on shift toward electric delivery vehicles

200-mile combined city / highway range surpasses initial estimates

The Shyft Group Raises the Bar With EPA 200-Mile Range for Blue Arc™ Delivery Vans

NOVI, Mich., March 03, 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 announced that Daryl Adams, President and Chief Executive Officer, and Jon Douyard, Chief Financial Officer, will present at the Raymond James 44th Annual Institutional Investors Conference on Monday, March 6, 2023.

The Shyft Group to Present at the Raymond James 44th Annual Institutional Investors Conference

Cross-brand synergies help drive the North American leader  in commercial, retail and service/specialty vehicles

The Shyft Group Rolls Into NTEA's Work Truck Week 2023 With a Unified Front of Dynamic Brands

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The Shyft Group, Inc. (NASDAQ:SHYF ) Q4 2022 Earnings Conference Call February 23, 2023 10:00 AM ET Company Participants Randy Wilson - Vice President, Investor Relations and Treasury Daryl Adams - President, CEO and Director John Douyard - CFO Conference Call Participants Greg Lewis - BTIG Felix Boeschen - Raymond James Steve Dyer - Craig Hallum Mike Shlisky - D.A. Davidson Matt Koranda - Roth MKM Operator Good morning, and welcome to the Shyft Group's Fourth Quarter and Full Year 2022 Conference Call and Webcast.

The Shyft Group, Inc. (SHYF) Q4 2022 Earnings Call Transcript

The Shyft Group (SHYF) delivered earnings and revenue surprises of 28.89% and 4%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

The Shyft Group (SHYF) Tops Q4 Earnings Estimates

NOVI, Mich., Feb. 23, 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 reported operating results for the fourth quarter and full-year ending December 31, 2022.

The Shyft Group Reports Fourth Quarter and Full-Year 2022 Results

The Shyft Group (SHYF) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why The Shyft Group (SHYF) Could Beat Earnings Estimates Again

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.

Earnings Preview: The Shyft Group (SHYF) Q4 Earnings Expected to Decline

$16 million investment to expand its engineering and manufacturing campus in Charlotte, Mich.

The Shyft Group Invests in Michigan to Build Blue Arc All-Electric Commercial Vehicles

Shyft Innovations head Eric Fisher will participate in a panel about reducing emissions Shyft Innovations head Eric Fisher will participate in a panel about reducing emissions

Las Vegas, Electrified: Shyft Leadership to Present on Blue Arc EV and Reducing Transportation Emissions at Manifest 2023

NOVI, Mich., Jan. 23, 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 fourth quarter and full-year 2022 results prior to the market opening on Thursday, February 23, 2023. A real-time conference call and webcast will begin at 10 a.m. ET to discuss its financial results with analysts and institutional investors.

The Shyft Group to Announce Fourth Quarter and Full-Year 2022 Financial Results on February 23, 2023

Red Diamond provides RV owners with best-in-class aftermarket products. Red Diamond provides RV owners with best-in-class aftermarket products.

Red Diamond™ Aftermarket Solutions Introduces New Line of KONI® Premium Shocks at the 2023 Florida RV SuperShow

Spartan RV Chassis' newly optimized Connected Coach® enhances driver convenience and safety with fully synced suite of advanced technologies

Spartan® RV Chassis Brings a Legacy of Innovation to the Florida RV SuperShow

Adds technical talent to Shyft's Blue Arc EV Solutions as it moves towards start of production

The Shyft Group Completes Acquisition of XL Fleet

NOVI, Mich., Dec. 14, 2022 (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 industry veteran John Dunn as President, Fleet Vehicles and Services (FVS), effective in January 2023. In his new role, Mr. Dunn will be responsible for all aspects of the business, working with his senior leadership team to guide the strategic vision of the business unit and overseeing its implementation.

The Shyft Group Appoints John Dunn as President, Fleet Vehicles and Services

NOVI, Mich., Nov. 29, 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 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 present at the Barclays Global Automotive and Mobility Tech Conference on Wednesday, November 30, 2022.

The Shyft Group to present at the Barclays Global Automotive and Mobility Tech Conference

NOVI, Mich., Nov. 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 the commercial, retail, and service specialty vehicle markets, today announced that management will attend the Deutsche Bank 2022 Industrials Conference on November 15, 2022 and the 13th Annual Craig-Hallum Alpha Select Conference on November 17, 2022 in New York City.

News for Shyft Group Inc/The Stock (SHYF)