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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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.

The Shyft Group to Attend the Deutsche Bank 2022 Industrials Conference and the 13th Annual Craig-Hallum Alpha Select Conference

NOVI, Mich., Nov. 04, 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 2022 Baird Global Industrial Conference on Tuesday, November 8, 2022, in Chicago.

The Shyft Group to Present at the 2022 Baird Global Industrial Conference

The Shyft Group, Inc. (NASDAQ:SHYF ) Q3 2022 Results Conference Call October 27, 2022 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 Steve Dyer - Craig-Hallum Matt Koranda - Roth Capital Mike Shlisky - D.A. Davidson Felix Boeschen - Raymond James Operator Good morning, and welcome to the Shyft Group's Third Quarter 2022 Conference Call and Webcast.

The Shyft Group, Inc. (SHYF) Q3 2022 Earnings Call Transcript

The Shyft Group (SHYF) delivered earnings and revenue surprises of 17.78% and 2.28%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

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

Sales up 5%; Backlog remains strong at $1 billion Tightened full-year 2022 EPS outlook

The Shyft Group Reports Third Quarter 2022 Results

Leading specialty vehicle manufacturer has invested more than $8.5 million  in clean technology development for sustainable operations

The Shyft Group Releases 2022 Sustainability Report

NOVI, Mich., Oct. 13, 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 third quarter 2022 results prior to the market opening on Thursday, October 27, 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.

The Shyft Group to Announce Third Quarter 2022 Financial Results on October 27

Investors, customers, dealers and government officials sign up to drive the Blue Arc Class 3 Electric Delivery Vehicle

Key Stakeholders Experience the Shyft Group's Blue Arc Commercial Grade EV Ecosystem With Best in Class Mobility Technology at M1 Concourse

The Shyft Group deals with specialty vehicle manufacturing and assembly for the commercial vehicle industry. The company is expecting double-digit sales growth and double-digit EBITDA margin in 2025.

The Shyft Group: Growth Expectations May Drive The Price

NOVI, Mich., Sept. 16, 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 attend the D.A. Davidson 21st Annual Diversified Industrials & Services Conference on Thursday, September 22, 2022, in Nashville, TN.

The Shyft Group to Attend the D.A. Davidson 21st Annual Diversified Industrials & Services Conference

The Tri-Pod Steering Wheel is the latest Spartan RV Chassis innovation, designed to merge safety and convenience for a luxury ride The Tri-Pod Steering Wheel is the latest Spartan RV Chassis innovation, designed to merge safety and convenience for a luxury ride

Spartan® RV Chassis Attends 2022 Hershey RV Show, Highlights Tech-Forward Steering Wheel Design with Integrated Digital Dash

Strong fleet customer response to Blue Arc design prompts Randy Marion Dealer Group to place initial 2,000-unit pre-order

The Shyft Group Secures Initial Pre-Order for Blue Arc™ All-Electric Delivery Walk-In Vans

NOVI, Mich., Aug. 19, 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 attend the Raymond James Diversified Industrials Conference on August 23, 2022, in New York City. The Shyft Group will host one-on-one meetings with institutional investors throughout the day.

The Shyft Group to Attend the Raymond James Diversified Industrials Conference

The Shyft Group, Inc. (NASDAQ:SHYF ) Q2 2022 Earnings Conference Call July 28, 2022 10:00 AM ET Company Participants Randy Wilson - Vice President, Investor Relations and Group Treasurer Daryl Adams - President and Chief Executive Officer Jon Douyard - Chief Financial Officer Conference Call Participants Steve Dyer - Craig-Hallum Matt Koranda - Roth Capital Felix Boeschen - Raymond James Mike Shlisky - D.A. Davidson Operator Good morning and welcome to The Shyft Group's Second Quarter 2022 Conference Call and Webcast.

The Shyft Group, Inc.'s (SHYF) CEO Daryl Adams on Q2 2022 Results - Earnings Call Transcript

The Shyft Group (SHYF) delivered earnings and revenue surprises of 5% and 7.47%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

The Shyft Group (SHYF) Q2 Earnings and Revenues Beat Estimates

Delivered $0.15 of EPS; Raised mid-point of outlook as chassis flow improved; Backlog remains strong; Continued progress on Blue Arc EV initiative Delivered $0.15 of EPS; Raised mid-point of outlook as chassis flow improved; Backlog remains strong; Continued progress on Blue Arc EV initiative

The Shyft Group Reports Second Quarter 2022 Results

Immediate portable power requiring no digging or trenching; Level 2 and DC Fast Charge with 3MW of onboard power where and when it's needed; Potential end-uses span from transportation to military, national parks and disaster relief Immediate portable power requiring no digging or trenching; Level 2 and DC Fast Charge with 3MW of onboard power where and when it's needed; Potential end-uses span from transportation to military, national parks and disaster relief

MULTIMEDIA UPDATE -- The Shyft Group Debuts the Power Cube™: A Portable, Sustainable EV Charging Solution

The Shyft Group Debuts the Power Cube™: A Portable, Sustainable EV Charging Solution

NOVI, Mich., July 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 second quarter 2022 results prior to the market opening on Thursday, July 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.

The Shyft Group to Announce Second Quarter 2022 Financial Results on July 28

President and CEO since 2015, Adams leads a nimble, flexible and solutions-focused organization President and CEO since 2015, Adams leads a nimble, flexible and solutions-focused organization

News for Shyft Group Inc/The Stock (SHYF)