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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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

Lion Electric, a maker of medium and heavy-duty EVs, is looking to go public via a special purpose acquisition company merger. The post Lion Electric SPAC Merger: 7 Things to Know About EV Play LEV Stock appeared first on InvestorPlace.

Lion Electric SPAC Merger: 7 Things to Know About EV Play LEV Stock

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?

The Shyft Group (SHYF) Q3 Earnings and Revenues Top Estimates

NOVI, Mich., Nov. 5, 2020 /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...

The Shyft Group Posts Strong Third Quarter Results

NOVI, Mich., Oct. 27, 2020 /PRNewswire/ -- Utilimaster, 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 the commercial, retail, and service specialty vehicle markets, has...

Utilimaster is Road Ready with Velocity F2, Class 2 Walk-In Van

I do not believe that Shyft's market price fully reflects growth opportunities in the last-mile delivery niche. The FVS and SV business units have historically earned high returns, but their impact on the company's bottom line has been obscured by the loss-making ERV business.

The Shyft Group: A Quality Business Poised To Benefit From Favorable E-Commerce Tailwinds

NOVI, Mich., Oct. 26, 2020 /PRNewswire/ -- Utilimaster, a go-to-market brand of The Shyft Group's Fleet Vehicles & Services business unit (NASDAQ: SHYF) ("Shyft" or the "Company"), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial,...

Utilimaster Drives Home Leading Last Mile Delivery Products

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: What to Know Ahead of Q3 Release

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DALLAS--(BUSINESS WIRE)--F3 MFG, Inc., a Generational Capital Markets client, was acquired by The Shyft Group, Inc. (NASDAQ: SHYF).

Generational Capital Markets Advises F3 MFG in its sale to The Shyft Group

NOVI, Mich., Sept. 28, 2020 /PRNewswire/ -- The Shyft Group, (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, announced it will host a live,...

The Shyft Group goes digital for manufacturing day, hosts nation-wide Student event

NOVI, Mich., Sept. 21, 2020 /PRNewswire/ -- Utilimaster, a go-to-market brand of The Shyft Group's Fleet Vehicles & Services business unit (NASDAQ: SHYF) ("Shyft" or the "Company"), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial,...

Utilimaster Showcased Parcel Delivery Vehicles And Option Content At 2020 Contractor Expo

NOVI, Mich., Sept. 18, 2020 /PRNewswire/ -- Ernst & Young LLP (EY US) has named Daryl Adams, President and Chief Executive Officer of The Shyft Group, Inc. (NASDAQ: SHYF) as a finalist for its 2020 Entrepreneur Of The Year® award for the Michigan and Northwest Ohio region. The...

Shyft Group President And CEO Daryl Adams Named Ernst & Young Entrepreneur Of The Year® Award Finalist

NOVI, Mich., Sept. 10, 2020 /PRNewswire/ -- The Shyft Group (NASDAQ: SHYF) ("Shyft" or the "Company"), North America's leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, today announced plans to open a new.

The Shyft Group Expands Florida Manufacturing Footprint To Meet Growing Demand For First Responder Vehicle Upfits

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Dividends By The Numbers In August 2020

NOVI, Mich., Aug. 26, 2020 /PRNewswire/ -- The Shyft Group (NASDAQ: SHYF) ("Shyft" or the "Company"), North America's leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, will take its Utilimaster brand "on the.

The Shyft Group's Utilimaster To Host Virtual Product Webinar

NOVI, Mich., Aug. 24, 2020 /PRNewswire/ -- The Shyft Group (NASDAQ: SHYF) ("Shyft" or the "Company"), North America's leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, is showcasing leading fleet and work.

Royal Truck Body Continues Nationwide Launch Of New Severe Duty Service Body, Utilimaster Showcases Its Purpose-Built Cutaway Utilivan for Growing Parcel Delivery Segment

NOVI, Mich., Aug. 18, 2020 /PRNewswire/ -- The Shyft Group, Inc.

The Shyft Group Expands Electric Vehicle Production for Parcel Delivery

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The Shyft Group, Inc. (SHYF) CEO Daryl Adams on Q2 2020 Results - Earnings Call Transcript

The Shyft Group (SHYF) delivered earnings and revenue surprises of 0.00% and -11.13%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

News for Shyft Group Inc/The Stock (SHYF)