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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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.
The Shyft Group, through its Blue Arc™ EV Solutions brand, is advancing the electrification of commercial vehicles. They have secured a pre-order for 2,000 all-electric delivery vans from the Randy Marion Dealer Group. Utilizing nearly 50 years of expertise, the company has partnered with leading Tier 1 suppliers like Bosch and Dana for critical vehicle systems. The all-electric vans offer 150-mile range on a single charge and multiple configurations for varying delivery needs. An investor update will be provided later today to discuss the prospects of this initiative.
The Shyft Group (NASDAQ: SHYF), a leader in specialty vehicle manufacturing, will participate in the D.A. Davidson 21st Annual Diversified Industrials & Services Conference on September 22, 2022, in Nashville, TN. CEO Daryl Adams and CFO Jon Douyard will engage in one-on-one meetings and a fireside chat at 10:15 A.M. Central Time, which will be webcast live via the Shyft Group Investor Relations website. The company reported sales of $992 million in 2021 and employs around 3,800 staff across multiple U.S. facilities.
Spartan RV Chassis, a brand of The Shyft Group (NASDAQ: SHYF), announced the launch of its innovative Tri-Pod Steering Wheel at the 2022 Hershey RV Show, designed to enhance safety and convenience in luxury motorcoaches. This new steering wheel features controls at the driver’s fingertips, integrating with a 15-inch anti-glare digital dash tailored for RV customers. It is now standard on select 2023 models from Entegra, Foretravel, and Newmar. The Tri-Pod Steering Wheel represents Spartan's commitment to merging luxury with safety, following the launch of its Premier Drive chassis system earlier this year.
Blue Arc EV Solutions, a brand of The Shyft Group (NASDAQ: SHYF), has announced a significant response from fleet customers, resulting in an initial pre-order of 2,000 units from Randy Marion Automotive Group. This marks the debut of their all-electric Class 3 delivery walk-in vans. With production set to begin in mid-2023 post-government approvals, pre-orders will be available online starting September. The Class 3 to 5 vehicles boast a 150-mile range and are designed for efficiency in last-mile delivery.
The Shyft Group (NASDAQ: SHYF) announced its participation in the North American International Auto Show on September 14-15, showcasing the Blue Arc™ EV Solutions and the Power Cube™ portable charging station. The Class 3 all-electric delivery van aims to enhance last-mile delivery efficiency. The Power Cube is a remote-controlled charging solution, adaptable for various settings, including mass transit and construction sites. This innovation highlights Shyft's commitment to addressing infrastructure challenges in the EV transition, leveraging nearly 50 years of industry experience.
The Shyft Group, a leader in specialty vehicle manufacturing, announced its participation in the Raymond James Diversified Industrials Conference on August 23, 2022, with President Daryl Adams and CFO Jon Douyard attending. This event in New York City will include one-on-one meetings with institutional investors. The Company reported $992 million in sales for 2021 and employs around 3,800 individuals across various U.S. states and Mexico. Shyft serves multiple sectors, offering products under brands like Blue Arc and Utilimaster.
The Shyft Group, Inc. (NASDAQ: SHYF) has announced a cash dividend of $0.05 per share, reflecting the company's strong financial performance and commitment to returning cash to shareholders. The dividend will be payable on or before September 16, 2022, to shareholders of record as of the close of business on August 17, 2022. This announcement highlights the company’s confidence in its ongoing operations within the specialty vehicle manufacturing sector, where it reported $992 million in sales for the previous year.
The Shyft Group (NASDAQ: SHYF) reported second-quarter results for 2022, showing sales of $232.2 million, down 4.8% from $244.0 million year-over-year. EPS fell to $0.15 from $0.44, with adjusted EBITDA at $13.7 million, down 52% compared to the previous year. Despite challenges, the consolidated backlog increased by 51.1% to $1.1 billion. The Company maintains cautious optimism for 2022, projecting revenues between $925 million and $1.1 billion, alongside adjusted EBITDA of $55 to $80 million. Ongoing investments in EV development signal commitment to innovation.