The Shyft Group Reports Second Quarter 2024 Results

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 ...