Shyft Group Stock Price, News & Analysis

The Shyft Group (NASDAQ: SHYF) has announced a special shareholders meeting scheduled for June 17, 2025, to vote on the proposed merger with Aebi Schmidt Holdings, AG. The meeting will allow shareholders of record as of May 13, 2025, to consider and vote on the merger agreement, which involves merging an indirect, wholly owned subsidiary of Aebi Schmidt with Shyft. The Shyft Group is recognized as North America's leader in specialty vehicle manufacturing, assembly, and upfit for commercial, retail, and service specialty vehicle markets.

Spartan RV Chassis, a brand of The Shyft Group (NASDAQ: SHYF), has announced a strategic partnership with Rush Truck Centers, North America's largest commercial vehicle dealership network. The collaboration adds 148 Rush Truck Centers service locations across the U.S. and Canada to Spartan's authorized service network, significantly expanding maintenance and repair capabilities for motorhome owners.

Select locations will provide chassis alignment services for Class A motorhomes. The partnership is supported by Spartan's comprehensive warranty program, which includes a 20-year transferable warranty on frame and cross members, a 5-year/100,000-mile Cummins engine warranty, and a 5-year/200,000-mile Allison transmission warranty. Owners can locate service centers through the Spartan RV Chassis Connected Care® App or website.

The Shyft Group (NASDAQ: SHYF), North America's leader in specialty vehicle manufacturing, has declared a quarterly cash dividend. The Board of Directors has authorized a dividend payment of $0.05 per share of common stock.

Shareholders of record as of the market close on May 16, 2025, will receive the dividend payment on June 16, 2025. The Michigan-based company specializes in manufacturing, assembly, and upfit services for commercial, retail, and service specialty vehicle markets.

The Shyft Group (NASDAQ: SHYF) reported Q1 2025 financial results showing improved performance. Sales increased 3.4% year-over-year to $204.6 million. The company reduced its net loss to $1.4 million (($0.04) per share) from $4.7 million (($0.14) per share) in Q1 2024.

Key highlights include:

• Adjusted EBITDA of $12.3 million (6.0% of sales), up from $6.1 million
• Adjusted net income of $2.4 million ($0.07 per share)
• Consolidated backlog of $335.3 million, down 23.7% YoY but up 7.1% from year-end
• Blue Arc sales of $26.3 million

The company maintained its full-year 2025 guidance:

• Sales: $870-970 million
• Adjusted EBITDA: $62-72 million
• Adjusted EPS: $0.69-0.92
• Free cash flow: $25-30 million

The Shyft Group (NASDAQ: SHYF), North America's leader in specialty vehicle manufacturing and upfit for ecommerce parcel delivery and commercial markets, has scheduled its first quarter 2025 financial results announcement for Thursday, April 24, 2025, before market opening.

The company will host a conference call and webcast at 8:30 A.M. Eastern Time. Investors can access the listen-only presentation and supporting materials through the company's investor relations website. The conference call will be available via telephone at 1-844-868-8845 (Domestic) or 1-412-317-6591 (International).

Vantage Mobility, a leading wheelchair accessible vehicle (WAV) manufacturer, has appointed Daryl Adams as Chief Executive Officer. Adams brings over 35 years of automotive industry leadership experience to the role.

Adams most recently served as President and CEO of The Shyft Group (NASDAQ: SHYF), where he doubled company earnings and led new product development. His previous roles include CEO of Midway Products Group and Vice President of Global Engineering and R&D at Lear He is also the Founder and President of Ripple Effect Leadership.

Vantage Mobility, based in Phoenix, specializes in manufacturing WAVs built on Toyota, Honda, and Stellantis chassis. The company has received Toyota's Gold Certificate for Quality for the past 2+ years and employs Six Sigma techniques in its manufacturing processes.

The Shyft Group (NASDAQ: SHYF) announced that Aebi Schmidt Group has filed a Form S-4 registration statement with the SEC for their proposed merger. The filing reveals pro forma financial projections for 2024, including combined revenues of $1.9 billion and adjusted EBITDA of $148 million.

The merger is expected to close in mid-2025, subject to SEC effectiveness, Shyft shareholder approval, and other customary conditions. Post-merger, the combined entity will operate as Aebi Schmidt Group and trade on Nasdaq under the symbol 'AEBI'.

The Shyft Group (NASDAQ: SHYF), North America's leading specialty vehicle manufacturing company, has announced its participation in the 37th Annual ROTH Conference taking place in Dana Point, California on March 17, 2025. The company's management team will be present at the conference, where they will engage in one-on-one meetings with institutional investors.

As a leader in manufacturing, assembly, and upfit services for commercial, retail, and service specialty vehicle markets, this participation demonstrates Shyft's commitment to maintaining strong relationships with the investment community.

The Shyft Group (NASDAQ: SHYF) unveils two new work truck solutions at NTEA Work Truck Week 2025 through its Utilimaster brand. The company reintroduces the Utilimaster Trademaster Service Body and debuts the Marketplace Dry Freight Truck.

The Trademaster Service Body, scheduled for production in Q3 2025, features reinforced construction, spacious cargo areas, and easy-access exterior compartments. The Marketplace Dry Freight Truck weighs 900 pounds less than comparable models and includes a 3,300-lb liftgate, optimized for logistics and last-mile delivery operations.

Additionally, Shyft announced a merger agreement with Aebi Schmidt to combine expertise in specialty vehicle manufacturing, upfitting, and infrastructure solutions, aiming to expand product offerings and improve efficiencies.