Spartan RV Owners Now Have Access to Expanded Service Support at 148 Rush Truck Centers Locations Across the U.S. and CanadaNOVI, Mich., May 7, 2025 /PRNewswire/ -- Spartan® RV Chassis, a go-to-market brand of The Shyft Group (NASDAQ: SHYF), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service markets, today announced a strategic partnership with Rush Truck Centers, North America's largest commercial vehicle dealership network. The collabo ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tri ...

The Shyft Group, Inc. (NASDAQ:SHYF) Q1 2025 Results Conference Call April 24, 2025 8:30 AM ET Company Participants Randy Wilson - Vice President of Investor Relations & Treasury John Dunn - President and Chief Executive Officer Scott Ocholik - Interim Chief Financial Officer, Chief Accounting Officer, and Corporate Controller Conference Call Participants Matt Koranda - ROTH Capital Mike Shlisky - D.A. Davidson Tyler DiMatteo - BTIG Operator Good morning, and welcome to The Shyft Group First Quarter 2025 Con ...

The Shyft Group (SHYF) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of a loss of $0.10 per share. This compares to loss of $0.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 170%. A quarter ago, it was expected that this maker of chassis for Last Mile Delivery, RVs and other vehicles would post earnings of $0.16 per share when it actually produced earnings of $0.15, delivering a ...

Financial Performance - Sales for Q1 2025 were $204.6 million, an increase of 3.4% from $197.9 million in Q1 2024[83] - Gross margin improved to 19.7% in Q1 2025, up from 17.2% in Q1 2024[83] - Operating income for Q1 2025 was $1.7 million, compared to an operating loss of $1.9 million in Q1 2024[83] - Net loss decreased to $1.4 million in Q1 2025 from a net loss of $4.7 million in Q1 2024[93] - Adjusted EBITDA for Q1 2025 was $12.3 million, an increase of 101.6% from $6.1 million in Q1 2024[94] Order Backlog - Order backlog as of March 31, 2025, was $335.3 million, a decrease of 23.7% from $439.4 million a year earlier[83] - The consolidated backlog as of March 31, 2025, totaled $335.3 million, a decrease of $104.1 million, or 23.7%, from $439.4 million at March 31, 2024[95] - The Fleet Vehicles and Services (FVS) backlog decreased by $110.8 million, or 31.1%, primarily due to vehicle sales and softer demand in delivery vans[96] Segment Performance - Sales in the FVS segment were $96.1 million for Q1 2025, a decrease of $11.7 million or 10.8% compared to $107.8 million in Q1 2024[107] - Adjusted EBITDA for the FVS segment increased to $3.6 million in Q1 2025 from $0.9 million in Q1 2024, an increase of $2.7 million[108] - Sales in the Specialty Vehicles (SV) segment were $82.2 million in Q1 2025, down $7.9 million or 8.8% from $90.1 million in Q1 2024[109] - Adjusted EBITDA for the SV segment decreased to $14.3 million in Q1 2025 from $17.0 million in Q1 2024, a decrease of $2.7 million[110] Cash Flow and Debt - Cash and cash equivalents increased by $0.4 million to $16.2 million as of March 31, 2025[111] - Cash used in operating activities was $4.5 million in Q1 2025, an increase of $0.5 million from $4.0 million in Q1 2024[112] - The company generated $9.9 million of cash through financing activities in Q1 2025, a decrease of $3.0 million from $12.9 million in Q1 2024[114] - As of March 31, 2025, the company had $110.0 million in outstanding debt under its revolving credit facility[124] - The revolving credit facility allows borrowing up to $300.0 million, with available borrowings totaling $76.9 million as of March 31, 2025[118] Market Risks and Commodity Exposure - A hypothetical increase of 100 basis points in interest rates would lead to an additional $1.1 million in annual interest expense[124] - The company does not utilize derivative instruments to manage exposure to fluctuations in steel and aluminum prices[125] - The company engages in pre-buys of components affected by commodity price changes to mitigate exposure to price increases[125] - There has been no material change in the nature or categories of primary market risk exposures as of the report date[126] - The company does not anticipate any significant changes in its primary market risk exposure in the near term, defined as one year from the most recent balance sheet[126] - Prevailing interest rates and commodity costs are influenced by market factors beyond the company's control[127] Strategic Initiatives - The acquisition of Independent Truck Upfitters was completed for $49.9 million, with an additional earn-out of up to $8.0 million[83] - The company introduced the Blue Arc™ Electric Vehicle Solutions, with the Class 4 all-electric truck now in production[83] - The Rapid Driver Cooling System was deployed in 5,860 walk-in vans, enhancing driver comfort and vehicle efficiency[83] - The merger with Aebi Schmidt is expected to close in mid-2025, with Shyft shareholders owning approximately 48% of the combined company[79]

Financial Performance - Sales for Q1 2025 were $204.6 million, an increase of $6.7 million or 3.4% from $197.9 million in Q1 2024[4] - Adjusted EBITDA for Q1 2025 was $12.3 million, representing 6.0% of sales, up from $6.1 million or 3.1% of sales in Q1 2024[4] - The net loss for Q1 2025 was $1.4 million, or ($0.04) per share, compared to a loss of $4.7 million, or ($0.14) per share in Q1 2024[4] - Adjusted net income for Q1 2025 was $2.4 million, or $0.07 per share, compared to a loss of $1.4 million, or ($0.04) per share in Q1 2024[4] - Gross profit increased to $40,302,000 in Q1 2025, up from $34,062,000 in Q1 2024, reflecting a gross margin improvement[17] - The net loss for Q1 2025 was $1,436,000, a significant reduction from a net loss of $4,669,000 in Q1 2024, indicating improved financial performance[17] - Basic loss per share improved to $(0.04) in Q1 2025 from $(0.14) in Q1 2024, reflecting better operational efficiency[17] Backlog and Future Sales - Consolidated backlog as of March 31, 2025, was $335.3 million, down $104.1 million or 23.7% from $439.4 million as of March 31, 2024[4] - The company reported a total backlog of $335,334,000 as of March 31, 2025, compared to $313,244,000 at the end of Q1 2024, indicating growth in future sales potential[25] - The company expects full-year 2025 sales to be between $870 million and $970 million, with adjusted EBITDA projected at $62 million to $72 million[5] Operational Efficiency and Investment - The company is focused on operational efficiency and commercial growth initiatives to capture market share[3] - The company incurred $3,887,000 in research and development expenses in Q1 2025, up from $3,719,000 in Q1 2024, highlighting ongoing investment in innovation[17] - Total operating expenses increased to $38,553,000 in Q1 2025 from $35,992,000 in Q1 2024, primarily driven by higher selling, general, and administrative costs[17] Cash Flow and Financing - Cash flows from operating activities resulted in a net cash used of $4,519,000 in Q1 2025, compared to $3,957,000 in Q1 2024[37] - The company generated $9,874,000 in net cash from financing activities in Q1 2025, down from $12,895,000 in Q1 2024, indicating a shift in financing strategy[19] Strategic Developments - The merger with Aebi Schmidt is on track to close by mid-2025, which is expected to enhance scale and product offerings[4] - Blue Arc sales in Q1 2025 were $26.3 million[4]

Sales increased 3.4% year-over-year with notable improvement in profitability Strong balance sheet is well-positioned with net leverage ratio less than 2.0x Maintained full-year 2025 outlook Merger integration planning underway with Aebi Schmidt; transaction remains on track to close by mid-2025 NOVI, Mich., April 24, 2025 /PRNewswire/ -- The Shyft Group, Inc. (NASDAQ: SHYF) ("Shyft" or the "Company"), the North American leader in specialty vehicle manufacturing, assembly and upfit for the commercial, re ...

NOVI, Mich., April 18, 2025 /PRNewswire/ -- The Shyft Group, Inc. (NASDAQ: SHYF) ("Shyft" or the "Company"), the North American leader in specialty vehicle manufacturing, assembly, and upfit for ecommerce-driven parcel delivery, as well as the broader commercial, retail, and service specialty vehicle markets, will announce its first quarter 2025 financial results prior to the market opening on Thursday, April 24, 2025. A conference call and webcast will begin at 8:30 A.M. Eastern Time.  Teleconference and w ...

PHOENIX, April 10, 2025 /PRNewswire/ -- Vantage Mobility ("the Company"), a leading manufacturer of wheelchair accessible vehicles ("WAVs"), announced yesterday the appointment of Daryl Adams as Chief Executive Officer. Mr. Adams brings significant expertise leading specialty vehicle and automotive supply companies to Vantage Mobility and will guide the Company's growth and expansion.   Mr. Adams is a respected industry leader with a proven track record of driving transformational growth and sustainable sca ...

Company Overview - The Shyft Group (SHYF) shares increased by 15.1% to close at $8.82, following a notable trading volume that exceeded typical levels, contrasting with an 11.9% loss over the past four weeks [1][2] - The company specializes in manufacturing chassis for Last Mile Delivery, RVs, and other vehicles [3] Financial Performance - The Shyft Group is expected to report a quarterly loss of $0.10 per share, reflecting a year-over-year decline of 150% [3] - Revenue projections for the upcoming quarter are estimated at $201.9 million, which indicates a 2% increase compared to the same quarter last year [3] Market Context - The stock's surge is attributed to a broader market rebound following the Trump administration's announcement of a temporary halt on reciprocal tariffs, aimed at alleviating fears of a recession due to market declines [2] - The consensus EPS estimate for The Shyft Group has remained unchanged over the last 30 days, suggesting that stock price movements may not sustain without earnings estimate revisions [5] Industry Comparison - The Shyft Group operates within the Zacks Automotive - Original Equipment industry, where another company, Ferrari (RACE), saw an 8.6% increase in its stock price, closing at $432 [5] - Ferrari's consensus EPS estimate has increased by 3.9% over the past month to $2.36, representing an 11.3% year-over-year change [6]