The Shyft (SHYF) - 2024 Q2 - Quarterly Results

Exhibit 99.1 The Shyft Group Reports Second Quarter 2024 Results ● Delivered sales of $193 million, EPS of $0.06 and adjusted EPS of $0.16 ● Received order for 150 Blue Arc™ EV Trucks from FedEx; Blue Arc Class 4 vehicle production remains on track for 2024 ● Acquired Independent Truck Upfitters (ITU) to further accelerate Specialty Vehicles growth ● Increased full year 2024 adjusted EBITDA midpoint with updated outlook now at $45 to $50 million Novi, Mich., July 25, 2024 – The Shyft Group, Inc. (NASDAQ: SH ...