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Dec 31, 2019
The Shyft Group Q4 2019 Earnings Report
Improved profitability and long-term growth opportunities through business transformation.
Key Takeaways
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%.
Sales increased by 3.5% to $180.0 million compared to Q4 2018.
Income from continuing operations increased by 225.0% to $14.3 million, or $0.40 per share.
Adjusted EBITDA increased by 151.1% to $23.6 million, representing 13.1% of sales.
Consolidated backlog at December 31, 2019, totaled $336.6 million, up 136% compared to the previous year.
Revenue by Segment
Forward Guidance
Company outlook for full-year 2020 from continuing operations is expected to be as follows: Revenue to be in the range of $730.0 to $780.0 million, midpoint $755.0 million; Net income of $37.0 to $43.0 million, midpoint $40.0 million; Adjusted EBITDA of $66.0 - $74.0 million, midpoint $70.0 million; Effective tax rate of approximately 22%; Earnings per share of $1.04 - $1.20, midpoint $1.12; assuming 35.4 million shares outstanding; Adjusted earnings per share of $1.20 - $1.36, midpoint $1.28
Positive Outlook
- Revenue to be in the range of $730.0 to $780.0 million
- Net income of $37.0 to $43.0 million
- Adjusted EBITDA of $66.0 - $74.0 million
- Effective tax rate of approximately 22%
- Earnings per share of $1.04 - $1.20
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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