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Dec 31, 2024
The Shyft Group Q4 2024 Earnings Report
The Shyft Group reported results for Q4 2024, featuring double-digit FVS margins, strong SV margins, and Blue Arc™ EV truck shipments to FedEx.
Key Takeaways
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.
Delivered double-digit Fleet Vehicles and Services (FVS) margins bolstered by operational improvements.
Strong Specialty Vehicles (SV) margins were achieved.
Successfully shipped Blue Arc™ Class 4 EV trucks to FedEx.
Entered into transformative merger agreement with Aebi Schmidt; remains on track to close by mid-2025.
The Shyft Group
The Shyft Group
Forward Guidance
The company expects continued improvement in profitability in 2025, supported by Blue Arc EV production and anticipated recovery of the parcel market in the second half of the year.
Positive Outlook
- Sales of $870 to $970 million
- Adjusted EBITDA of $62 to $72 million
- Adjusted earnings per share of $0.69 to $0.92
- Free cash flow of $25 to $30 million