SHYF - Earnings announcements

Sales increased 3.4% year-over-year with notable improvement in profitabilityStrong balance sheet is well-positioned with net leverage ratio less than 2.0xMaintained full-year 2025 outlookMerger integration planning underway with Aebi Schmidt; transaction remains on track to close by mid-2025 NOVI, Mich., April 24, 2025 /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 for the first quarter ended March 31, 2025.

NOVI, Mich., April 18, 2025 /PRNewswire/ -- 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 first quarter 2025 financial results prior to the market opening on Thursday, April 24, 2025. A conference call and webcast will begin at 8:30 A.M. Eastern Time.  Teleconference and webcast access:A listen-only presentation, supporting materials, and repl

Delivered double-digit Fleet Vehicles and Services (FVS) margins bolstered by operational improvementsStrong Specialty Vehicles (SV) margins Successfully shipped Blue Arc™ Class 4 EV trucks to FedExProvides full-year 2025 sales outlook of $870 to $970 million, up 17% year-over-year at the midpointEntered into transformative merger agreement with Aebi Schmidt; remains on track to close by mid-2025  NOVI, Mich., Feb. 20, 2025 /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 for the four

NOVI, Mich., Feb. 7, 2025 /PRNewswire/ -- 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 2024 financial results prior to the market opening on Thursday, February 20, 2025. A conference call and webcast will begin at 8:30 A.M. Eastern Time. Teleconference and webcast access:A listen-only presentation, supporting mate

Significant Scale in Attractive North American Market with Strong European PresenceHighly Complementary Portfolios Create Opportunities to Better Serve Customers and Drive Competitive Growth Expected to Generate 2024E Pro Forma1 Revenue of ~$1.95 Billion2 and Adjusted EBITDA3 of ~$200 Million+ Including SynergiesDrives Significant Shareholder Value with $25 – $30 Million in Expected Synergies4 by Year 2, EPS Accretion in Year 1 and ROIC Greater than Cost of Capital in Year 3 Post Close   Barend Fruithof, Current CEO of Aebi Schmidt, Named President and CEO Elect; James Sharman, Current Chairman of Shyft Board, Named Chairman ElectCombined Company will Trade on NASDAQNOVI, Mich. and FRAUENFEL

Expanded gross margin to 20.4%, up 210 basis points year-over-yearBlue Arc Class 4 vehicle now in production with first customer deliveries expected in the fourth quarterMaintained full year 2024 adjusted EBITDA outlook of $45 to $50 million; positioned for significant profit growth in 2025NOVI, Mich., Oct. 24, 2024 /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 for the third quarter ending September 30, 2024.

NOVI, Mich., Oct. 10, 2024 /PRNewswire/ -- 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 2024 financial results prior to the market opening on Thursday, October 24, 2024. A conference call and webcast will begin at 8:30 A.M. Eastern Time. Teleconference and webcast access:A listen-only presentation, supporting materials, and repl

Delivered sales of $193 million, EPS of $0.06 and adjusted EPS of $0.16Received order for 150 Blue Arc™ EV Trucks from FedEx; Blue Arc Class 4 vehicle production remains on track for 2024Acquired Independent Truck Upfitters (ITU) to further accelerate Specialty Vehicles growthIncreased full year 2024 adjusted EBITDA midpoint with updated outlook now at $45 to $50 million NOVI, Mich., July 25, 2024 /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 for the second quarter ending June 30,

NOVI, Mich., July 17, 2024 /PRNewswire/ -- 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 2024 financial results prior to the market opening on Thursday, July 25, 2024. A conference call and webcast will begin at 8:30 A.M. Eastern Time Teleconference and webcast access:A listen-only presentation, supporting materials, and replay

First quarter sales of $198 million; Quarter end consolidated backlog of $439 million with FVS backlog up 10% sequentiallyMaintains 2024 outlook with sales of $850 to $900 million and adjusted EBITDA of $40 to $50 millionNOVI, Mich., April 25, 2024 /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 for the first quarter ending March 31, 2024. First Quarter 2024 Financial

NOVI, Mich., April 16, 2024 /PRNewswire/ -- 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 first quarter 2024 financial results prior to the market opening on Thursday, April 25, 2024. A conference call and webcast will begin at 8:30 A.M. Eastern Time Teleconference and webcast access:A listen-only presentation, supporting materials, and replay

Generated free cash flow of $36 million in the year; improvement of $75 million year-over-yearDelivered record profitability in Specialty Vehicles business Introduces 2024 outlook with sales of $850 to $900 million and adjusted EBITDA of $40 to $50 million NOVI, Mich., Feb. 22, 2024 (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, 2023. Fourth Quarter 2023 Financial Highlights        For the fourth quarter of 2023 compar

NOVI, Mich., Feb. 02, 2024 (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 year-end 2023 financial results prior to the market opening on Thursday, February 22, 2024. A conference call and webcast will begin at 8:30 A.M. Eastern Time. Teleconference and webcast access:A listen-only presentation, supporting materials, and replay of the presentation will be available at: www.theshyftgroup.com/investor-relations/webcast

The Shyft Group (NASDAQ:SHYF) ("Shyft" or "the Company"), the North American leader in specialty vehicle manufacturing, announced that it has appointed John Dunn, as President and CEO of the Company, effective today. Dunn, who previously served as President of Shyft's Fleet Vehicles and Services, will also join the Board of Directors. In connection with the Company's previously announced leadership transition plan, Daryl Adams, current President and CEO, will step down from his role and resign from the Board. Adams will remain with the Company in an advisory capacity for six months to ensure a smooth transition. This press release features multimedia. View the full release here: https://ww

Shyft generated $9.2 million of cash from operations; repurchased $10.3 million of sharesSpecialty Vehicles segment delivered record margin performance NOVI, Mich., Oct. 26, 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 third quarter ended September 30, 2023. Third Quarter 2023 HighlightsFor the third quarter of 2023 compared to the third quarter of 2022: Sales of $201.3 million, a decrease of $84.8 million, or 29.6%, from $286.1 millionNet income of $4.5 milli

NOVI, Mich., Oct. 10, 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 third quarter 2023 financial results prior to the market opening on Thursday, October 26, 2023. A conference call and webcast will begin at 8:30 a.m. ET. Teleconference and webcast access:A listen-only presentation, supporting materials, and replay of the presentation will be available at: www.theshyftgroup.com/investor-relations/webcasts The conference call

Second quarter results in line with management expectationsSolid operating cash flow performance in the quarterRevised full-year 2023 outlook primarily driven by softness in last-mile delivery and motorhome end markets 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. Second Quarter 2023 Highlights        For the second quarter of 2023 compared to the second quarter of 2022: Sales of $225.1 million, a decr

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. Teleconference and webcast access:A listen-only presentation, supporting materials, and replay of the presentation will be available at: www.theshyft

Reports Q1 sales of $243 million, growth of 18% versus prior year; Significant year-over-year profitability improvementDeployed $15 million of capital in the quarter towards share repurchases, capital expenditures and regular dividendsReaffirms 2023 sales and profit outlook in dynamic operating environment NOVI, Mich., April 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 first quarter ending March 31, 2023. First Quarter 2023 Highlights        For the first q

NOVI, Mich., April 13, 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 first quarter 2023 results prior to the market opening on Thursday, April 27, 2023. A conference call and webcast will begin at 10 a.m. ET to discuss its financial results with analysts and institutional investors. Teleconference and webcast access:A listen-only presentation, supporting materials, and replay of the presentation will be available at: www.theshyftg

Reports Q4 sales of $302 million, growth of 9% versus prior year; Achieved record full year sales of $1.0 billionRemain on target for Blue Arc Electric Vehicle (EV) production in the second half of 2023Introduce 2023 outlook with sales of $1.0 to $1.2 billion; Adjusted EBITDA of $70 to $100 million, up 20% year-over-year at the midpoint 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. Fou

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. Teleconference and webcast access:A listen-only presentation, supporting materials, and replay will be available at: ww

Sales up 5%; Backlog remains strong at $1 billionTightened full-year 2022 EPS outlook NOVI, Mich., Oct. 27, 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 reported operating results for the third quarter ending September 30, 2022. Third Quarter 2022 Financial Highlights1 For the third quarter of 2022 compared to the third quarter of 2021: Sales of $286.1 million, an increase of $13.5 million, or 4.9%, from $272.6 million.Earnings of $17.3 million, or $0.49 per share, compared to $21.0 million,

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. Conference Call: 1-844-868-8845International Dial In: 1-412-317-6591Webcast: www.theshyftgroup.com/investor-relations/webcasts About The Shyft GroupThe Shyft

Investors, customers, dealers and government officials sign up to drive theBlue Arc Class 3 Electric Delivery Vehicle Company selects Tier 1 mobility suppliers for key vehicle systems Management to provide analyst and investor update at 4:15PM ET NOVI, Mich., Oct. 04, 2022 (GLOBE NEWSWIRE) --  In the drive to electrify commercial vehicle fleets, Blue Arc™ EV Solutions brings a unique edge to the competition: nearly 50 years of experience in custom chassis and work truck body design and manufacturing as part of The Shyft Group (NASDAQ:SHYF). Poised to lead as the only player designing and manufacturing integrated chassis and specialty bodies in-house for the Class 3-5 segment, the go-to

NOVI, Mich., July 28, 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 reported operating results for the second quarter ending June 30, 2022. Second Quarter 2022 Financial Highlights from Continuing Operations1 For the second quarter of 2022 compared to the second quarter of 2021: Sales of $232.2 million, a decrease of $11.8 million, or 4.8%, from $244.0 million.Income from continuing operations of $5.3 million, or $0.15 per share, compared to income from continuing operations of $17.0 million, o

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. Conference Call: 1-844-868-8845International Dial In: 1-412-317-6591Webcast: www.theshyftgroup.com/investor-relations/webcasts About The Shyft GroupThe Shyft Gr

Reports Sales of $207 Million; EPS of ($0.11) and Adjusted EPS of ($0.06) Record Orders Resulted in $1.3 Billion Backlog NOVI, Mich., April 28, 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 reported operating results for the first quarter ending March 31, 2022. First Quarter 2022 Highlights from Continuing Operations1 For the first quarter of 2022 compared to the first quarter of 2021: Sales of $206.9 million, an increase of $9.0 million, or 4.5%, from $197.9 million. Loss from continuing ope

NOVI, Mich., April 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 first quarter 2022 results prior to the market opening on Thursday, April 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 with analysts and institutional investors. The conference call and webcast will be available via:    Webcast:www.theshyftgroup.com/investor-relations/webcast

NOVI, Mich., Feb. 24, 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 reported operating results for the fourth quarter and full-year periods ending December 31, 2021. Full-Year 2021 Highlights from Continuing Operations1 For the full-year 2021 compared to the full-year 2020: Sales of $991.8 million, an increase of $315.8 million, or 46.7%, from $676.0 million. Gross margin of 20.1% of sales compared to 21.6%, reflecting higher material and labor costs and unfavorable product mix. Income from con

NOVI, Mich., Feb. 10, 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 fourth quarter and full year 2021 results prior to the market opening on Thursday, February 24, 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 with analysts and institutional investors. The conference call and webcast will be available via: Webcast:www.theshyftgroup.com/investor-relatio

NOVI, Mich., Nov. 4, 2021 /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 for the third quarter, ending September 30, 2021.  Third Quarter 2021 Highlights from Continuing Operations1 For the third quarter of 2021 compared to the third quarter of 2020: Sales of $272.6 million, an increase of $69.1 million, or 34.0%, from $203.5 million, reflecting increased sales in all product categories. Gross profit margin of 20.6% of sales compared to 24.9% of sales, reflecting unfavorable produc

NOVI, Mich., Oct. 21, 2021 /PRNewswire/ -- 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 2021 results prior to the market opening on Thursday, November 4, 2021. The Company will also host a conference call and webcast on the same day at 10 a.m. EDT to discuss its financial results with analysts and institutional investors. The conference call and webcast will be available via: Webcast:   www.theshyftgroup.com/investor-relations/webcasts Or cl

NOVI, Mich., Aug. 5, 2021 /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 for the second quarter ending June 30, 2021.  Second Quarter 2021 Highlights from Continuing Operations1 For the second quarter of 2021 compared to the second quarter of 2020: Sales of $244.0 million, an increase of $120.0 million, or 96.8%, from $124.0 million, reflecting increased sales in all product categories.  Gross profit margin of 21.3% of sales, a 190 basis point improvement from 19.4% of sales, drive

NOVI, Mich., July 22, 2021 /PRNewswire/ -- 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 2021 results prior to the market opening on Thursday, August 5, 2021. The Company will also host a conference call and webcast on the same day at 10 a.m. EDT to discuss its financial results with analysts and institutional investors. The conference call and webcast will be available via: Webcast: www.theshyftgroup.com/investor-relations/webcasts Or click