SHYF Stock Recent News

Revenues have declined significantly for three consecutive quarters as demand is stabilizing after a strong 2021 and 2022. Profit margins are suffering due to weaker volumes and inflationary pressures. The balance sheet is very strong thanks to very high inventories and receivables.

The Shyft Group, Inc. (NASDAQ:SHYF ) Q3 2023 Earnings Conference Call October 26, 2023 8:30 AM ET Company Participants Randy Wilson - VP, IR and Treasury John Dunn - Incoming President and CEO Daryl Adams - Outgoing President and CEO Jon Douyard - CFO Conference Call Participants Matt Koranda - ROTH Capital Greg Lewis - BTIG Mike Shlisky - D.A. Davidson Operator Good morning and welcome to the Shyft Group's Third Quarter 2023 Conference Call and Webcast.

The Shyft Group (SHYF) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.53 per share a year ago.

NOVI, Mich., Oct. 10, 2023 (GLOBE NEWSWIRE) -- The Shyft Group, Inc. (NASDAQ: SHYF) (“Shyft” or the “Company”), the North American leader in specialty vehicle manufacturing, assembly, and upfit for ecommerce-driven parcel delivery, as well as the broader commercial, retail, and service specialty vehicle markets, will announce its third quarter 2023 financial results prior to the market opening on Thursday, October 26, 2023. A conference call and webcast will begin at 8:30 a.m. ET.

After The Shyft Group, Inc.'s successful transformation that led to stellar financial results from 2016-2021, the company is facing both short-term and long-term uncertainties. Short term, the company's earnings will likely be dictated by demand trends for RVs and last-mile delivery vehicles. Over the long-term, Shyft's success will be determined by its Blue Arc EV roll-out as e-commerce companies invest in electric fleets.

Shyft delivered solid earnings, but warned it was unlikely to meet expectations for the full year. The company is seeing a slowdown in demand for delivery vehicles and motorhome chassis.

NOVI, Mich., July 18, 2023 (GLOBE NEWSWIRE) -- The Shyft Group, Inc. (NASDAQ: SHYF) (“Shyft” or the “Company”), the North American leader in specialty vehicle manufacturing, assembly, and upfit for ecommerce-driven parcel delivery, as well as the broader commercial, retail, and service specialty vehicle markets, will announce its second quarter 2023 results prior to the market opening on Thursday, July 27, 2023. A conference call and webcast will begin at 8:30 a.m. ET to discuss its financial results with analysts and institutional investors.

Specialty vehicle manufacturing company Shyft Group Inc.'s stock SHYF, -1.09% rose 3% premarket Monday, after the company announced a leadership transition plan. The Novi, Michigan-based company said Chief Executive Daryl Adams will step down once a successor has been appointed.

NOVI, Mich., May 31, 2023 (GLOBE NEWSWIRE) -- The Shyft Group, Inc. (NASDAQ: SHYF) (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 Daryl Adams, President and Chief Executive Officer, and Jon Douyard, Chief Financial Officer, will attend the 20th Annual Craig-Hallum Institutional Investor Conference in Minneapolis, Minnesota on May 31, 2023. The Shyft Group will be hosting one-on-one meetings with institutional investors throughout the day.

Michigan-based Shyft Group , a multi-brand manufacturer of medium-duty specialty vehicles, is preparing to launch production this fall of a new line of electric trucks and vans under the Blue Arc brand.