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Shyft Group Inc (The) - SHYF STOCK NEWS

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

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 Shyft Group (The)'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 Shyft Group (The)'s position in the market.

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.
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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.
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End-of-Day
2.59%
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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.
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-3.45%
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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.
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1.08%
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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.
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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.
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Rhea-AI Sentiment
End-of-Day
-0.8%
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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.
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3.32%
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The Shyft Group (NASDAQ: SHYF) appointed Jacob Farmer as President of Fleet Vehicles and Services (FVS), effective today. Farmer, previously President of Shyft’s Specialty Vehicles (SV) business, will report to John Dunn, President and CEO. Farmer's strategic leadership aims to improve FVS business performance amidst near-term parcel market challenges. His previous experience includes roles at Trialon Corporation and Cooper Standard, holding an Executive MBA from Michigan State University and a Bachelor of Science in Business from Indiana University.
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End-of-Day
2.62%
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The Shyft Group, Inc. (NASDAQ: SHYF) announced that its CFO will participate in the Baird 2023 Global Industrial Conference in Chicago, hosting one-on-one meetings with institutional investors. The company is a leader in specialty vehicle manufacturing and reported sales of $1.0 billion in 2022.
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-1.24%
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Rhea-AI Summary
The Shyft Group, Inc. (NASDAQ: SHYF), a North American specialty vehicle manufacturer, has announced a cash dividend of $0.05 per share of common stock. The dividend will be payable on December 15, 2023, to shareholders of record as of November 16, 2023.
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Rhea-AI Sentiment
End-of-Day
5.48%
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dividends
Shyft Group Inc (The)

Nasdaq:SHYF

SHYF Rankings

SHYF Stock Data

395.18M
31.53M
9.25%
88.23%
3.36%
Heavy Duty Truck Manufacturing
Manufacturing
Link
US
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.