The Shyft Group Earnings Reports

The Shyft Group reported a strong start to 2025 with increased sales and significant improvement in profitability. Sales increased by 3.4% year-over-year, and adjusted EBITDA saw a substantial rise of 6.2 million, demonstrating effective operational efficiency and commercial growth initiatives.

The Shyft Group reported a slight decrease in sales but a significant increase in adjusted EBITDA for Q4 2024. The company also provided a full-year 2025 sales outlook of $870 to $970 million and entered into a merger agreement with Aebi Schmidt.

The Shyft Group reported sales of $194.1 million, a decrease of 3.6% compared to the third quarter of 2023. Net income was $3.1 million, or $0.09 per share. Adjusted EBITDA increased by $3.3 million to $14.3 million, or 7.4% of sales.

The Shyft Group's Q2 2024 results showed a decrease in sales and profitability compared to the previous year. Sales decreased by 14.4% to $192.8 million, and net income fell to $2.2 million, or $0.06 per share. Adjusted EBITDA also decreased to $12.5 million. However, the company acquired Independent Truck Upfitters (ITU) to accelerate Specialty Vehicles growth and reaffirmed its full-year 2024 adjusted EBITDA outlook.

The Shyft Group reported a decrease in sales by 18.7% to $197.9 million and a net loss of $4.7 million, or ($0.14) per share, compared to net income of $1.7 million, or $0.05 per share in Q1 2023. Despite challenging end-markets, the company maintains its 2024 outlook with sales of $850 to $900 million and adjusted EBITDA of $40 to $50 million.

The Shyft Group reported a decrease in sales to $202.3 million and a net loss of $4.4 million for Q4 2023, compared to sales of $302.0 million and net income of $17.8 million in Q4 2022. The company's Specialty Vehicles business delivered strong profitability, while Fleet Vehicles and Services performance was underwhelming. The company introduces 2024 outlook with sales of $850 to $900 million and adjusted EBITDA of $40 to $50 million.

The Shyft Group's third quarter 2023 sales were $201.3 million, a decrease of 29.6% compared to the third quarter of 2022. Net income was $4.5 million, or $0.13 per share, compared to $17.3 million, or $0.49 per share in the prior year.

The Shyft Group reported second-quarter results in line with expectations, with sales of $225.1 million and net income of $4.7 million. The company experienced challenges in the Fleet Vehicles and Services business due to market conditions and operational inefficiencies, but strong Specialty Vehicles performance and cash generation helped offset these issues. The company revised its full-year 2023 outlook due to softness in last-mile delivery and motorhome end markets.

The Shyft Group reported Q1 2023 sales of $243.4 million, an 18% increase compared to the prior year. Net income was $1.7 million, or $0.05 per share, compared to a loss of $3.9 million, or loss of $0.11 per share in the prior year. The company reaffirmed its 2023 sales and profit outlook.

The Shyft Group reported a solid Q4 2022 with sales of $302 million, a 9% increase year-over-year, and a record full-year sales of $1.0 billion. The company is on track for Blue Arc EV production in the second half of 2023 and introduced a 2023 outlook with sales of $1.0 to $1.2 billion.

The Shyft Group reported a 4.9% increase in sales to $286.1 million. Earnings were $17.3 million, or $0.49 per share. The company's backlog remains strong at $1.0 billion.

The Shyft Group's Q2 2022 sales were $232.2 million, a decrease of 4.8% compared to the previous year. Income from continuing operations was $5.3 million, or $0.15 per share. The company's consolidated backlog at June 30, 2022, totaled $1.1 billion, up 51.1% compared to the previous year.

The Shyft Group reported first quarter sales of $206.9 million, a 4.5% increase compared to the previous year. The company experienced a loss from continuing operations of ($3.9 million), or ($0.11) per share, and an adjusted net loss of ($2.1) million, or $(0.06) per share. Consolidated backlog reached a record $1.3 billion, up 91.0% from the previous year.

The Shyft Group reported a strong fourth quarter and full-year 2021, with record financial results and returns for shareholders. Sales increased by 61.6% compared to the fourth quarter of 2020, and the company navigated industry-wide challenges with customer-focused solutions.

The Shyft Group reported record third-quarter results with sales of $272.6 million, a 34.0% increase compared to the third quarter of 2020. The company achieved an EPS of $0.58 and an adjusted EPS of $0.63. Due to the excellent performance during the quarter, the company has paid down its debt entirely and raised 2021 guidance.

The Shyft Group reported record sales of $244 million and a doubling of backlog to an all-time high of $751 million. EPS was reported at $0.44 and adjusted EPS at $0.53. The company's momentum continued to build, exceeding expectations with sales doubling and adjusted EBITDA tripling over the prior year.

The Shyft Group reported a strong first quarter with sales of $197.9 million, an increase of 11.8% compared to the first quarter of 2020. EPS was reported at $0.32 and adjusted EPS at $0.36. The company's backlog nearly doubled from the previous year to a record $667 million.

The Shyft Group reported a decrease in sales for the fourth quarter of 2020 compared to the fourth quarter of 2019. Income from continuing operations and adjusted EBITDA also decreased. However, the company saw a significant increase in consolidated backlog.

The Shyft Group reported strong Q3 2020 results, with sales of $203.5 million and EPS of $0.54. The company's performance reflects growing momentum from transformative efforts to focus on higher growth and margin opportunities.

The Shyft Group reported a decrease in sales by 31.0% due to COVID-19 impacts, but improved gross profit margin by 780 basis points. The company generated $5.4 million in cash from operating activities and maintained a strong liquidity position of $114.5 million. The company transitioned its corporate brand from Spartan Motors to The Shyft Group.

The Shyft Group reported a strong first quarter with sales increasing to $176.9 million and EPS increasing 154% to $0.33. The company benefited from operating in a more focused core market and recent acquisitions.

Spartan Motors reported a 3.5% increase in sales and a 225.0% increase in income from continuing operations for the fourth quarter of 2019. The company's adjusted EBITDA also increased by 151.1%.