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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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

NOVI, Mich., March 16, 2021 /PRNewswire/ -- The Shyft Group (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, recently announced it is awarding employees with a special $500 bonus.

The Shyft Group Recognizes Employees With Additional $500 Cash Bonus Following Robust Year

The Shyft Group (SHYF) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

The Shyft Group (SHYF) Stock Jumps 12.3%: Will It Continue to Soar?

Shyft Group, Inc. (SHYF) CEO Daryl Adams on Q4 2020 Results - Earnings Call Transcript

The Shyft Group (SHYF) delivered earnings and revenue surprises of 12.50% and 1.38%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

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

Shares of The Shyft Group (NASDAQ:SHYF) remained unaffected after the company reported Q4 results. Quarterly Results Earnings per share were down 42.55% over the past year to $0.27, which beat the estimate of $0.26.

Recap: Shyft Group Q4 Earnings

NOVI, Mich., March 11, 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 fourth quarter and full-year periods ending December 31, 2020.

Shyft Group Reports Fourth Quarter and Full-Year 2020 Results

The Shyft Group (NASDAQ:SHYF) announces its next round of earnings this Thursday, March 11. Here is Benzinga's everything-that-matters guide for this Thursday's Q4 earnings announcement.

Earnings Preview for The Shyft Group

NOVI, Mich., March 5, 2021 /PRNewswire/ -- The Shyft Group (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...

The Shyft Group To Showcase Growing Company And Product Portfolio At NTEA's Work Truck Week

CHARLOTTE, Mich., Feb. 23, 2021 /PRNewswire/ -- Builtmore Contract Manufacturing, owned and operated by The Shyft Group (NASDAQ: SHYF) ("Shyft" or the "Company"), North America's leader in specialty vehicle manufacturing, assembly, and upfit for ecommerce-driven parcel delivery, as well...

The Shyft Group's Builtmore Contract Manufacturing Selected To Produce New Options In Isuzu's Commercial Truck Lineup

CHARLOTTE, Mich., Feb. 9, 2021 /PRNewswire/ -- The Shyft Group (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...

Truck Body Mounting For DuraMag And Royal Truck Body Now Available At The Shyft Upfit Center In Charlotte, MI

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

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

NOVI, Mich., Jan. 13, 2021 /PRNewswire/ -- Spartan RV Chassis, a business unit of The Shyft Group (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...

Spartan RV Chassis to Showcase Mobile Technology and Extended Owner Support at Upcoming RV Shows

CHARLOTTE, Mich., Jan. 12, 2021 /PRNewswire/ -- The Shyft Group (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...

The Shyft Group Looks To Add New Mid-Michigan Jobs, Improve And Expand Manufacturing Campus, As Demand For Parcel Delivery Vehicles Grows

NOVI, Mich., Jan. 11, 2021 /PRNewswire/ -- The Shyft Group (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...

The Shyft Group's Utilimaster Receives Orders for More Than 3,000 Velocity Vehicles from Several Parcel Delivery Customers for Delivery in 2021

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

STRT or SHYF: Which Is the Better Value Stock Right Now?

NOVI, Mich., Jan. 8, 2021 /PRNewswire/ -- The Shyft Group (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...

The Shyft Group Completes Million-Dollar Donation In Support Of Community Wellness Initiatives

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

Shyft (SHYF) saw a big move last session, as its shares jumped nearly 6% on the day, amid huge volumes.

Shyft (SHYF) Looks Good: Stock Adds 5.5% in Session

NOVI, Mich., Dec. 8, 2020 /PRNewswire/ -- Spartan RV Chassis, a business unit of The Shyft Group (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...

The Shyft Group Launches New RV App, Providing Spartan RV Dealers with on-the-go Access to up-to-date OEM- and Model-Year-Specific Coach and Chassis Information, Specifications, Video Tutorials, and SpartanReward$ Incentive Program

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NOVI, Mich., Nov. 16, 2020 /PRNewswire/ -- Strobes-R-Us, 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 the commercial, retail,...

The Shyft Group's Strobes-R-Us Looks To Fleet Future, Showcases Emerging Upfit Innovations

The Shyft Group, Inc. (SHYF) CEO Daryl Adams on Q3 2020 Results - Earnings Call Transcript

The Shyft Group (SHYF) delivered earnings and revenue surprises of 55.00% and 7.09%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

News for Shyft Group Inc/The Stock (SHYF)