The Shyft (SHYF) - 2024 Q3 - Quarterly Results

Exhibit 99.1 The Shyft Group Reports Third Quarter 2024 Results ● Expanded gross margin to 20.4%, up 210 basis points year-over-year ● Blue Arc Class 4 vehicle now in production with first customer deliveries expected in the fourth quarter ● Maintained full year 2024 adjusted EBITDA outlook of $45 to$50 million; positioned for significant profit growth in 2025 Novi, Mich., October 24, 2024 – The Shyft Group, Inc. (NASDAQ: SHYF) ("Shyft" or the "Company"), the North American leader in specialty vehicle manu ...