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.
The Shyft Group (NASDAQ: SHYF) has launched the all-electric Blue Arc Class 5 Crew Cab at NTEA’s Work Truck Week 2023. The innovative truck is designed for various applications, including construction and landscaping, featuring a spacious cab for crew comfort and a modular chassis for different body types. Equipped with lithium-ion battery packs, a 200+ mile range, and fast charging capabilities, it aims to enhance efficiency in commercial electric vehicles. The truck's advanced safety technologies include 360° cameras and tire pressure monitoring. Additionally, Shyft plans to offer strip and cowl chassis for electrifying buses and other vehicles.
The Shyft Group, Inc. (NASDAQ: SHYF) announced it has received EPA certification for its Blue Arc™ EV Solutions Class 3, 4, and 5 electric delivery vehicles. The Class 3 vehicle boasts a range of up to 200 miles on a single charge, facilitated by a 165kWh battery pack, making it suitable for last-mile delivery routes. Additionally, it achieved a 45 MPGe combined rating. Shyft plans to begin production at its Michigan facility following a $16 million investment. The initial pre-order for 2,000 units was also confirmed by Randy Marion Dealer Group, indicating strong market interest in their electric fleet.
The Shyft Group, a leader in specialty vehicle manufacturing, announced that Daryl Adams, President and CEO, along with Jon Douyard, CFO, will present at the Raymond James 44th Annual Institutional Investors Conference on March 6, 2023. Their presentation will include a fireside chat at 9:15 A.M. ET, followed by one-on-one meetings with investors throughout the day. The chat will be webcast live on the Shyft Group Investor Relations website. The company serves a wide range of sectors, boasting a workforce of approximately 4,200 and reporting sales of $1.0 billion in 2022.
The Shyft Group (NASDAQ: SHYF) is showcasing its leadership in the commercial vehicle sector at Work Truck Week (WTW) 2023 in Indianapolis from March 7-10. The company is set to debut a new all-electric product from Blue Arc EV Solutions, highlighting its commitment to innovation and sustainability. With a diverse portfolio of nine brands, Shyft aims to demonstrate its cross-brand synergies, emphasizing quality and responsive customer service. The company reported sales of $1.0 billion in 2022 and employs approximately 4,200 staff across various U.S. states and Mexico, serving multiple sectors, including delivery and government markets.
The Shyft Group (NASDAQ: SHYF) reported Q4 2022 sales of $302 million, a 9% increase from Q4 2021, and full-year sales of $1.0 billion, marking a 3.6% growth year-over-year. Adjusted EBITDA for Q4 was $30.7 million, up from $26.6 million, while full-year adjusted EBITDA fell to $70.8 million from $108.1 million. The company faces a decrease in consolidated backlog, down 13.6% to $832.7 million. For 2023, Shyft projects sales between $1.0 to $1.2 billion and adjusted EBITDA of $70 to $100 million, with vehicle production for its Blue Arc Electric Vehicle line on track for the second half of the year.
The Shyft Group (NASDAQ: SHYF) announced a $16 million investment to expand its engineering and manufacturing campus in Charlotte, Michigan, aimed at producing electric vehicles (EVs) under the Blue Arc™ EV Solutions brand. This expansion will increase production capacity to 3,000 EVs per year, supporting local employment and production initiatives. The company has already secured a pre-order for 2,000 Class 3, 4, and 5 all-electric delivery vehicles. The move is backed by local economic incentives and aligns with Shyft's commitment to enhancing Michigan's manufacturing capabilities.
The Shyft Group, Inc. (NASDAQ: SHYF) announced a cash dividend of $0.05 per share, reflecting its commitment to returning value to shareholders. This quarterly dividend is set to be paid on March 17, 2023, to shareholders of record as of February 17, 2023. The company, a leader in specialty vehicle manufacturing with reported sales of $992 million in 2021, operates multiple facilities across the U.S. and Mexico. Its diverse customer base includes various government and utility entities, emphasizing its strong market presence.
Shyft Innovations will participate in the Manifest 2023 expo in Las Vegas from January 31 to February 2. Eric Fisher, senior vice president, will speak on the panel addressing emission reduction through transportation on February 2 at 10:55 a.m. PST. The Shyft Group is renowned for specialty vehicle manufacturing, showcasing its all-electric Blue Arc™ delivery van at booth #V6. This vehicle features a 100% battery-powered Class 3 design, spacious cargo area, and advanced safety technologies. The goal is to support the electrification of last-mile delivery fleets, emphasizing sustainability and efficiency while reducing operational costs.
The Shyft Group (NASDAQ: SHYF) will announce its fourth quarter and full-year 2022 financial results on February 23, 2023, prior to market opening. The announcement will be followed by a conference call at 10 a.m. ET for analysts and investors to discuss the results. The Shyft Group specializes in specialty vehicle manufacturing for ecommerce-driven parcel delivery and other commercial markets. The company reported sales of $992 million in 2021 and operates across various states and Mexico with a workforce of approximately 3,800 employees. More information can be found on the company’s website.
Red Diamond, a brand of The Shyft Group (NASDAQ: SHYF), showcased its premium aftermarket products at the 2023 Florida RV SuperShow. The highlight is the introduction of Red Diamond Shocks manufactured by KONI, known for their high-performance and comfort-enhancing features. The new shocks include the Frequency Selective Damper designed for select motorhomes, which eliminates vibrations for a smoother ride. This launch aligns with Red Diamond's aim to deliver exceptional aftermarket solutions to RV owners. The brand builds on the legacy of Spartan RV Chassis, offering products like leveling systems and tire pressure maintenance solutions.
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