Shyft Group Stock Price, News & Analysis

The Shyft Group (NASDAQ: SHYF), a leader in specialty vehicle manufacturing, will participate in the D.A. Davidson 21^st 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.

The Shyft Group (NASDAQ: SHYF) has launched the Blue Arc Power Cube™, a portable, remote-controlled charging station designed for commercial vehicle fleets. This innovative product features 3MW of onboard power and supports Level 2 and DC Fast Charging, enabling quick vehicle charging in 1-2 hours. The Power Cube can be used in various scenarios, including military operations and disaster relief, without the need for grid connection. The launch was showcased at a Capitol Hill event attended by U.S. Congressional representatives, promoting advancements in electric vehicle infrastructure.

The Shyft Group has unveiled the Blue Arc Power Cube, a portable charging station with 3MW onboard power designed for commercial vehicle fleets. Highlighted during a showcase on Capitol Hill, the Power Cube offers Level 2 and DC Fast Charging capabilities, crucial for enhancing electric vehicle infrastructure in the U.S. It can operate independently from the power grid, augmented by wind and solar energy. The innovation aims to alleviate the current challenges faced in EV adoption, particularly in scenarios like disaster relief and military applications.