Welcome to our dedicated page for Shyft Group news (Ticker: SHYF), a resource for investors and traders seeking the latest updates and insights on Shyft Group stock.
This page provides a historical news archive for The Shyft Group, Inc., formerly listed on Nasdaq under the symbol SHYF. Shyft described itself as the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets. Its news flow, as reflected in company releases, covered developments across its fleet and specialty vehicle operations, financial reporting, and corporate transactions.
Shyft’s announcements frequently highlighted activities within its two core business units, Shyft Fleet Vehicles and Services™ and Shyft Specialty Vehicles™, and across its family of brands such as Utilimaster®, Blue Arc™ EV Solutions, Royal® Truck Body, DuraMag® and Magnum®, Strobes-R-Us, Spartan® RV Chassis, Red Diamond™ Aftermarket Solutions, Builtmore Contract Manufacturing™, and Independent Truck Upfitters. News items included segment sales information, backlog updates, and commentary on operational efficiency and commercial growth initiatives, as disclosed in its quarterly results releases.
For readers interested in electric commercial vehicles, Shyft’s news archive includes coverage of its Blue Arc Class 4 EV truck receiving Zero-Emission Powertrain Certification (ZEPCert) and a Heavy-Duty Greenhouse Gas (GHG) Enhanced Electric Executive Order from the California Air Resources Board, as well as eligibility for incentive programs such as the Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP). Other releases describe partnerships, such as the Spartan RV Chassis collaboration with Rush Truck Centers to expand service support for motorhome owners.
A key theme in later news is Shyft’s merger with Aebi Schmidt Holding AG. Press releases document the effectiveness of the Form S-4 registration statement, shareholder approval of the merger, and the completion of the transaction on July 1, 2025, after which the combined company operates as Aebi Schmidt Group. Subsequent announcements note the delisting of Shyft’s common stock from Nasdaq and the expected trading of Aebi Schmidt Group shares under the ticker AEBI. Investors and researchers can use this archive to trace Shyft’s operational history, financial communications, and the steps leading to its integration into Aebi Schmidt Group.
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Summary not available.
The Shyft Group (NASDAQ: SHYF), a North American specialty vehicle manufacturing leader, has completed its merger with Aebi Schmidt Holding AG, a global provider of infrastructure, environmental, and agricultural solutions. Following the transaction completion on July 1, 2025, Shyft's common stock has been delisted from NASDAQ.
Aebi Schmidt Group began trading on NASDAQ under the temporary ticker "AEBIV" on July 1, 2025, and will commence regular-way trading under the ticker symbol "AEBI" on July 2, 2025. Shyft will file necessary documentation with the SEC to formally delist and suspend its reporting obligations.
The Shyft Group (NASDAQ: SHYF) has successfully completed its merger with Aebi Schmidt Holding AG, creating a global leader in specialty vehicles. The combined entity will operate as Aebi Schmidt Group and begin trading on NASDAQ under the ticker symbol "AEBIV" for when-issued trading on July 1, 2025, followed by regular-way trading under "AEBI" on July 2, 2025.
The merger unites two organizations with complementary strengths - Shyft's North American leadership in specialty vehicle manufacturing and Aebi Schmidt's global expertise in mission-critical infrastructure, environmental, and agricultural solutions. The combined company aims to leverage expanded geographical reach across North America and Europe, complementary product portfolios, and enhanced operational capabilities.
As part of the transaction, Shyft's common stock will be delisted from NASDAQ. The newly formed Aebi Schmidt Group will be led by Barend Fruithof as Group Chief Executive Officer and James Sharman as Chairman of the Board.
The Shyft Group (NASDAQ: SHYF) announced two key developments regarding its proposed merger with Aebi Schmidt Group: the SEC's effectiveness declaration of Aebi Schmidt's Form S-4 registration statement and Shyft's filing of a definitive proxy statement. The merger vote is scheduled for June 17, 2025, with shareholders of record as of May 13, 2025, eligible to participate. The combined entity will operate as Aebi Schmidt Group and trade under "AEBI" on NASDAQ.
Pro forma financial results for 2024 show the combined business generating approximately $1.9 billion in revenue and $148 million in adjusted EBITDA. The transaction is expected to close in mid-2025, subject to shareholder approval and customary closing conditions.
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
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