Shyft Group Stock Price, News & Analysis

On December 14, 2022, The Shyft Group (NASDAQ: SHYF) announced the appointment of John Dunn as President of Fleet Vehicles and Services, effective January 2023. Dunn, a seasoned industry professional, will oversee strategic business aspects and implementation with his leadership team. His prior experience includes serving as President and CEO at Plastic Omnium and various leadership roles at Brose. Dunn's focus on customer relations is expected to align well with Shyft's objectives, enhancing their commitment to delivering tailored solutions in the specialty vehicle market.

The Shyft Group (NASDAQ: SHYF), a leader in specialty vehicle manufacturing, will present at the Barclays Global Automotive and Mobility Tech Conference on November 30, 2022. Daryl Adams, President and CEO, along with CFO Jon Douyard, will hold a fireside chat at 8:40 A.M. Eastern Time, featuring a presentation and Q&A session. The event will be webcast live, accessible through their Investor Relations website. The company reported $992 million in sales for 2021 and operates across multiple U.S. states and Mexico.

The Shyft Group (NASDAQ: SHYF), a leader in specialty vehicle manufacturing, announced participation in the Deutsche Bank 2022 Industrials Conference on November 15, 2022, and the 13th Annual Craig-Hallum Alpha Select Conference on November 17, 2022, in New York City. The company aims to engage in one-on-one meetings with institutional investors during both events. Shyft provides vehicles for delivery companies and government entities, boasting a workforce of approximately 3,800 and reported sales of $992 million in 2021.

The Shyft Group (NASDAQ: SHYF), a leader in specialty vehicle manufacturing, announced that CEO Daryl Adams and CFO Jon Douyard will speak at the 2022 Baird Global Industrial Conference on November 8, 2022, in Chicago. The management team will conduct one-on-one meetings and a fireside chat at 4:40 PM CT, which will be available via live webcast on the Shyft Group Investor Relations website. The company reported sales of $992 million in 2021 and employs approximately 3,800 individuals across various states and Mexico.

The Shyft Group, Inc. (NASDAQ: SHYF) announced a quarterly cash dividend of $0.05 per share, payable on December 15, 2022, to shareholders recorded by the close of business on November 16, 2022. The company, a leader in specialty vehicle manufacturing, reported sales of $992 million in 2021 and employs around 3,800 people across its facilities in North America and Mexico.

The Shyft Group reported a 4.9% increase in sales to $286.1 million for Q3 2022, despite a net income decline to $17.3 million from $21.0 million a year prior. Adjusted EBITDA fell to $27.1 million, influenced by $7.7 million in EV development expenses. The backlog reached $1 billion, up 22.4% year-over-year, demonstrating strong demand. The Company tightened its full-year EPS outlook, anticipating earnings per share between $0.83 and $1.05, citing supply chain challenges but expressing optimism for Q4 performance.

The Shyft Group, Inc. (NASDAQ: SHYF) will announce its third quarter 2022 results on October 27, prior to market opening. A conference call is scheduled for the same day at 10 a.m. ET to discuss these results. Shyft is a leader in specialty vehicle manufacturing for the commercial and retail sectors, with a notable presence in the ecommerce-driven parcel delivery market. The company reported $992 million in sales for 2021 and employs about 3,800 people across its various facilities in North America and Mexico.