Profile
Sector:
IndustrialsIndustry:
Farm & Heavy Construction MachineryCountry:
United StatesIPO:
19 June 1984Website:
http://www.theshyftgroup.comNext earnings report:
26 July 2024Last dividends:
16 May 2024Next dividends:
N/APrice
after hours | Fri, 28 Jun 2024 20:19:25 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
SHYF Latest News
NOVI, Mich. , June 4, 2024 /PRNewswire/ -- 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, announced that management will be hosting analysts and investors at upcoming sell-side conferences in June.
Shyft (SHYF) signs a deal with Amerit Fleet Solutions to provide round-the-clock support & maintenance services for Blue Arc EV trucks throughout the United States.
The Shyft Group (SHYF) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
The Shyft Group (SHYF) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to earnings of $0.58 per share a year ago.
NOVI, Mich., Feb. 02, 2024 (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 fourth quarter and year-end 2023 financial results prior to the market opening on Thursday, February 22, 2024. A conference call and webcast will begin at 8:30 A.M. Eastern Time.
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.
What type of business is Shyft?
The Shyft Group, Inc. manufactures and assembles specialty vehicles for the commercial vehicle and recreational vehicle industries in the United States and internationally. It operates in two segments, Fleet Vehicles and Services, and Specialty Vehicles. The Fleet Vehicles and Services segment manufactures and sells commercial vehicles used in the e-commerce/last mile/parcel delivery, beverage and grocery delivery, laundry and linen, mobile retail, and trades and construction industries. This segment markets its commercial vehicles, including walk-in vans, cutaway vans, and truck bodies under the Aeromaster, Velocity, Trademaster, and Utilivan brands; and vocation-specific equipment upfit services under the Utilimaster Upfit Services and Strobes-R-Us brands. It also installs specialty interior and exterior up-fit equipment for walk-in vans, truck bodies, cargo vans, and light duty pick-up trucks; and provides aftermarket support, including parts sales and field services, as well as parts and accessories. The Specialty Vehicles segment engineers and manufactures luxury class A diesel motor home chassis; and manufactures and assembles truck bodies under the Royal Truck Body and DuraMag brands. It also provides final assembly services for Isuzu N-gas and F-series chassis under the Builtmore Contract Manufacturing brand; and designs and installs custom lighting and upfit solutions for a range of specialty industries. In addition, this segment provides truck accessories under the Magnum brand; and a range of parts and accessories, and maintenance and repair services for its motorhome and specialty chassis. The Shyft Group, Inc. sells its products to commercial users, original equipment manufacturers, dealers, individuals, municipalities, and other government entities. The company was formerly known as Spartan Motors, Inc. and changed its name to The Shyft Group, Inc. in June 2020. The Shyft Group, Inc. was incorporated in 1975 and is headquartered in Novi, Michigan.
What sector is Shyft in?
Shyft is in the Industrials sector
What industry is Shyft in?
Shyft is in the Farm & Heavy Construction Machinery industry
What country is Shyft from?
Shyft is headquartered in United States
When did Shyft go public?
Shyft initial public offering (IPO) was on 19 June 1984
What is Shyft website?
https://www.theshyftgroup.com
Is Shyft in the S&P 500?
No, Shyft is not included in the S&P 500 index
Is Shyft in the NASDAQ 100?
No, Shyft is not included in the NASDAQ 100 index
Is Shyft in the Dow Jones?
No, Shyft is not included in the Dow Jones index
When does Shyft report earnings?
The next expected earnings date for Shyft is 26 July 2024