The Shyft Group Reiterated FY24 Adj EPS $0.28-$0.51 Vs $0.39 Est and Sales $850M-$900M Vs $864M Est.
$SHYF
Auto Manufacturing
Consumer Discretionary
Guidance for full-year 2024, notwithstanding further changes in the operating environment, is as follows:
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Sales to be in the range of $850 million to $900 million; Assumes no Blue Arc EV revenue |
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Adjusted EBITDA of $40 to $50 million, including EV spending of $20 to $25 million |
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Net income of $2.5 to $10.5 million, with an income tax rate of approximately 20% |
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Earnings per share of $0.07 to $0.30 |
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Adjusted earnings per share of $0.28 to $0.51 |
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Capital expenditures of approximately $20 to $25 million |
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Free cash flow of $25 to $35 million |
Dunn concluded, “Shyft has industry leading