Commitment to environmental stewardship, social impact, and governance excellence continues to drive progress NOVI, Mich., Sept. 17, 2024 /PRNewswire/ -- 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 announced the release of its 2024 Sustainability Report, Focusing Forward, Sustainably. The report outlines strategic efforts in reducing emissions, improving workpl ...

NOVI, Mich., Sept. 12, 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, announced today that its management team will be hosting investors at the D.A. Davidson 23rd Annual Diversified Industrials & Services Conference on Thursday, September 19, 2024, in Nashville, Tennessee. About The Shyft Group The Shyft Group is the North ...

Nationwide Access to Innovative EV Solutions and Significant Financial Incentives for Customers NOVI, Mich., Sept. 5, 2024 /PRNewswire/ -- 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, has announced that its Blue Arc™ Class 4 EV truck has received both Zero-Emission Powertrain Certification (ZEPCert) and a Heavy-Duty Greenhouse Gas (GHG) Enhanced Electric Executive Ord ...

NOVI, Mich., Aug. 28, 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, announced today that its management team will be hosting investors at the 15th Annual Midwest IDEAS Investor Conference on Thursday, August 29, 2024 in Chicago. About The Shyft Group The Shyft Group is the North American leader in specialty vehicle manufa ...

NOVI, Mich., Aug. 8, 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, announced today that its management team will be meeting with investors at the Raymond James Industrial and Energy Showcase on August 8, 2024. About The Shyft Group The Shyft Group is the North American leader in specialty vehicle manufacturing, assembly, ...

NOVI, Mich., Aug. 2, 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 announced that its Board of Directors authorized a cash dividend of $0.05 per share of common stock. The Michigan-based manufacturer reported that its quarterly dividend will be payable on September 16, 2024 to shareholders of record as of the close ...

The Shyft Group, Inc. (NASDAQ:SHYF) Q2 2024 Results Conference Call July 25, 2024 8:30 AM ET Company Participants Randy Wilson - Vice President, Investor Relations & Treasury John Dunn - President & Chief Executive Officer Jon Douyard - Chief Financial Officer Conference Call Participants Matt Koranda - ROTH Capital Mike Shlisky - D. A. Davidson Tyler DiMatteo - BTIG Operator Good morning, and welcome to The Shyft Group's Second Quarter 2024 Conference Call and Webcast. All participants will be in a listen- ...

The Shyft Group (SHYF) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.25 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 33.33%. A quarter ago, it was expected that this maker of chassis for Last Mile Delivery, RVs and other vehicles would post a loss of $0.18 per share when it actually produced a loss of $0.04, delivering a surpris ...

Adjusted EBITDA for our SV segment for the second quarter of 2024 was $17.5 million, compared to $17.4 million for the second quarter of 2023, an increase of $0.1 million or 1.0%. Adjusted EBITDA for our SV segment for the first six months of 2024 was $34.5 million, compared to $31.2 million for the first six months of 2023, an increase of $3.3 million or 10.6%. This increase was primarily attributable to $4.8 million of favorable pricing and mix and $1.8 million of lower manufacturing costs, partially offs ...

Initial cash consideration of $46 million, subject to customary adjustments, with an $8 million earnout subject to annual business performance over the next two years Expected EBITDA multiple less than 6.0x adjusted for tax benefits and synergies; Acquisition is expected to be accretive to EPS in 2025 Forecasted to deliver ROIC greater than 15% by Year 3 of the transaction Funded with cash on hand and borrowings under our existing credit facility; Expected net leverage ratio of approximately 2.75x in the th ...