Loading...
•
Dec 31, 2021
The Shyft Group Q4 2021 Earnings Report
The Shyft Group reported record full year EPS and adjusted EPS on sales.
Key Takeaways
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.
Sales of $277.3 million, an increase of $105.7 million, or 61.6%, from $171.6 million.
Income from continuing operations of $20.5 million, or $0.56 per share, compared to $8.3 million, or $0.22 per share.
Adjusted EBITDA of $26.6 million, or 9.6% of sales, from $16.0 million, or 9.3% of sales.
Adjusted net income of $20.2 million, or $0.56 per share, compared to $10.1 million, or $0.27 per share.
Forward Guidance
The Company’s 2022 guidance, notwithstanding further supply chain related deterioration, is as follows: Assumes weighted average diluted shares outstanding of approximately 36.1 million and approximately $35 million for capital expenditures, including a $10 - $15 million investment in EV development.
Challenges Ahead
- Supply chain challenges are expected to continue during the first half of the year.
- The company remains cautious regarding its near-term outlook, particularly as it pertains to first quarter.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...