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The Shyft Group, Inc. - $SHYF STOCK NEWS

Welcome to our dedicated page for The Shyft Group news (Ticker: $SHYF), a resource for investors and traders seeking the latest updates and insights on The Shyft Group stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect The Shyft Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of The Shyft Group's position in the market.

Rhea-AI Summary

The Shyft Group, Inc. (NASDAQ: SHYF) announced a quarterly cash dividend of $0.05 per share of common stock, payable on June 17, 2024. The Michigan-based company is a leader in specialty vehicle manufacturing, assembly, and upfit for commercial, retail, and service markets.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.05%
Tags
dividends
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Rhea-AI Summary

The Shyft Group, Inc. (NASDAQ: SHYF) announced a purchase order with FedEx for 150 Blue Arc™ EV Trucks to be integrated into the FedEx pickup and delivery fleet in the U.S. The vehicles have been tested in real-life conditions and are expected to be delivered starting late 2024. This partnership reflects a shared commitment to reducing carbon emissions and air pollution through the adoption of commercial-grade electric vehicles.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.36%
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none
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Rhea-AI Summary
The Shyft Group, Inc. reported first-quarter 2024 results with sales of $197.9 million, a net loss of $4.7 million, and adjusted EBITDA of $6.1 million. Quarterly consolidated backlog was $439.4 million. FVS segment sales were $107.8 million, down 32.4%, while SV segment sales were $90.1 million, up 3.4%. The company maintains its 2024 outlook with sales projected between $850 to $900 million and adjusted EBITDA of $40 to $50 million.
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Rhea-AI Sentiment
End-of-Day
4.56%
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Rhea-AI Summary
The Shyft Group, Inc. (SHYF) will announce its first quarter 2024 financial results on April 25, 2024. The company is a leader in specialty vehicle manufacturing for ecommerce-driven parcel delivery and other markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.36%
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Rhea-AI Summary
The Shyft Group, Inc. (NASDAQ: SHYF) joins Ford Pro™ Upfitter program to provide seamless solutions for mutual customers, emphasizing coast-to-coast footprint and brand synergies. The program expands upfitting options for various vehicles, including shuttle buses and police vehicles. Shyft's proprietary Work-Driven Design® process aims to enhance customization and driver satisfaction, showcasing commitment to innovation and customer-centric solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.59%
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none
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Rhea-AI Summary
The Shyft Group, Inc. (NASDAQ: SHYF) announces upcoming analyst and investor engagement opportunities at sell-side conferences and industry tradeshows in March, including Raymond James Institutional Investor Conference, NTEA Work Truck Week 2024, and ROTH Conference.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.45%
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none
Rhea-AI Summary
Shyft Group, Inc. to showcase advanced work truck solutions at Work Truck Week 2024, highlighting industry leadership and integrated brand strengths. CEO John Dunn emphasizes the collective expertise of diverse brand portfolio in delivering customer-focused innovations and solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.08%
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none
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Rhea-AI Summary
The Shyft Group, Inc. reported a decrease in sales for the fourth quarter of 2023, with a net loss and adjusted EBITDA decline. However, the company generated free cash flow of $36 million in the year and delivered record profitability in the Specialty Vehicles business. The 2024 outlook includes sales of $850 to $900 million and adjusted EBITDA of $40 to $50 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.73%
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Rhea-AI Summary
The Shyft Group, Inc. (NASDAQ: SHYF) will announce its fourth quarter and year-end 2023 financial results on February 22, 2024. The company is a leader in specialty vehicle manufacturing for ecommerce-driven parcel delivery and other commercial markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.8%
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Rhea-AI Summary
The Shyft Group, Inc. (SHYF) has announced a cash dividend of $0.05 per share of common stock, payable on March 18, 2024 to shareholders of record as of February 16, 2024. The Michigan-based manufacturer is a North American leader in specialty vehicle manufacturing, assembly, and upfit for commercial, retail, and service specialty vehicle markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.32%
Tags
dividends
The Shyft Group, Inc.

Nasdaq:SHYF

SHYF Rankings

SHYF Stock Data

419.71M
31.53M
9.25%
88.23%
3.36%
Heavy Duty Truck Manufacturing
Manufacturing
Link
United States of America
NOVI

About SHYF

at spartan motors, we know the road our customers face and travel. from our beginnings in custom chassis engineering to our emergence in specialized vehicle design, custom manufacturing, and contract assembly, we combine expertise in what best fits beneath your vehicle with the ability to fully optimize what sits above it. whatever the load, whatever the road, spartan motors can help you command it.