UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-33582 THE SHYFT GROUP, INC. (Exact Name of Registrant as Specified in Its Charter) Michigan (State or Other Jurisdiction of Incorporat ...

SHYFTGROUP Business Segment End Market Dynamics Backlog (June 30, 2023) $438M Specialty Vehicles 2021 2022 2023 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 POC Builds Production Design Prototype Builds DV Testing Pilot Builds Production Ramp-Up Customer Deliveries COMPLETED ON TRACK Production Dealer and Service Entering final stages of agreements with additional dealers and national fleet service provider Dealers working with key customers on vehicle configurations and orders Solid year-over-year margin expansion 7 $136.9 ...

The Shyft Group, Inc. (NASDAQ:SHYF) Q2 2023 Earnings Conference Call July 28, 2023 8:30 AM ET Company Participants Randy Wilson - Vice President, Investor Relations and Treasury Daryl Adams - President & Chief Executive Officer Jon Douyard - Chief Financial Officer Conference Call Participants Ray Guiso - BTIG Mike Shlisky - D.A. Davidson Matt Koranda - Roth MKM Ryan Sigdahl - Craig-Hallum Capital Group Operator Good morning, Welcome to the Shyft Group's Second Quarter 2023 Conference Call and Webcast. All ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-33582 THE SHYFT GROUP, INC. (Exact Name of Registrant as Specified in Its Charter) Michigan (State or Other Jurisdiction of Incorporation o ...

The Shyft Group, Inc. (NASDAQ:SHYF) Q1 2023 Earnings Conference Call April 27, 2023 10:00 AM ET Company Participants Randy Wilson - Vice President, Investor Relations and Treasury Daryl Adams - President, CEO and Director Jon Douyard - CFO Conference Call Participants Felix Boeschen - Raymond James Michael Shlisky - D.A. Davidson Greg Lewis - BTIG Steve Dyer - Craig Hallum Matt Koranda - Roth MKM Operator Good morning, everyone. Welcome to the Shyft Group's First Quarter and Full-Year 2022 Conference Call a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-33582 THE SHYFT GROUP, INC. (Exact Name of Registrant as Specified in Its Charter) Michigan (State or Other Jurisdiction of Incorporation ...

The Shyft Group, Inc. (NASDAQ:SHYF) Q4 2022 Earnings Conference Call February 23, 2023 10:00 AM ET Company Participants Randy Wilson - Vice President, Investor Relations and Treasury Daryl Adams - President, CEO and Director John Douyard - CFO Conference Call Participants Greg Lewis - BTIG Felix Boeschen - Raymond James Steve Dyer - Craig Hallum Mike Shlisky - D.A. Davidson Matt Koranda - Roth MKM Operator Good morning, and welcome to the Shyft Group's Fourth Quarter and Full Year 2022 Conference Call and W ...

6 0 Fourth Quarter 2022 Financial Review & 2023 Outlook o © 2023 THE SHYFT GROUP, INC. (S Shyft Financial Summary – 4Q22 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|--------|---------------------|-------|-------------|-------|--------|-------|-------|-------|-----------------------------------|-------|----------------|-----------------------------------------|-----------| | | | | $277.3 | Sales (in millions) | | 9% Increase ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________ FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________________ to ___________________ 48375 (Zip Code) Commission File Number 001-33582 THE SHYFT GROUP, INC. (Exact Name of Registrant as Specified in ...

Financial Data and Key Metrics Changes - Revenue for Q3 2022 was $286.1 million, up 4.9% year-over-year and up 23.2% sequentially [14] - Net income from continuing operations was $17.3 million compared to $21 million a year ago [14] - Adjusted net income was $18.6 million compared with $22.9 million in the prior year [14] - Diluted earnings per share from continuing operations was $0.49, down from $0.58 in Q3 2021 [14] - Adjusted EBITDA was $27.1 million, down from $33.7 million in the previous year, with a margin decline to 9.5% from 12.4% [14] Business Line Data and Key Metrics Changes - Fleet Vehicle and Services (FBS) revenue was $184.5 million, down from $191.4 million a year ago, with adjusted EBITDA of $24.4 million compared to $36.4 million [15] - Specialty Vehicles (SV) achieved record revenue of $103.9 million, an increase of 27.9% year-over-year, with adjusted EBITDA of $15.6 million, up 730 basis points [16] Market Data and Key Metrics Changes - Backlog was $1 billion, up 22% year-over-year but down sequentially as production improved [6] - FBS backlog was $915 million, up 22% year-over-year [15] - SV backlog increased by 25% year-over-year to $129 million [16] Company Strategy and Development Direction - The company is focused on executing its growth strategy, particularly in the electric vehicle (EV) market with the Blue Arc brand [10][19] - Continued investment in technology, capacity, and talent is emphasized for long-term sustainability [19] - The company aims to maintain pricing discipline while addressing supply chain challenges [5][15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about demand in end markets, citing a robust backlog and improved chassis availability [6][14] - The company expects a recovery in cash flow performance in Q4 as delivery of finished vehicles improves [18] - Management remains cautious about supply chain challenges but is confident in the ability to meet customer needs [5][26] Other Important Information - The company reported EV spending of $7.7 million in Q3 2022 [14] - A sustainability report was released, highlighting efforts to reduce environmental impact [12] Q&A Session Summary Question: Discussions around ICE and EV vehicles - Management noted that discussions with customers are primarily focused on internal combustion engine (ICE) vehicles, with expectations for increased EV activity once products are in customers' hands [21][22] Question: EV specific costs for next year - Management indicated a step down in EV specific costs to a range of $10 million to $15 million for the following year [23][24] Question: Chassis availability and future expectations - Management expressed cautious optimism about continued improvement in chassis availability, although they do not consider the supply chain issues fully resolved [25][26] Question: Fourth quarter revenue outlook - Management expects a significant revenue increase in Q4, driven by improved chassis flows and USPS volume [27][28] Question: Working capital and cash flow expectations - Management anticipates a reversal in working capital primarily from converting finished vehicles awaiting components into cash [28][30] Question: Order flow and backlog constraints - Management acknowledged that lead times are a constraint on order flow but remains confident in demand for 2023 [33][34] Question: Outlook for the motorhome business - Management is confident in the motorhome business despite potential downturns in smaller categories, citing record revenue in Q3 [40] Question: USPS truck body contract and pass-through revenue - Management confirmed a $40 million contract for USPS, with some pass-through revenue expected in Q4 and into 2023 [44] Question: Specialty vehicle margins - Management indicated strong margins in specialty vehicles but cautioned against modeling them at 15% on a long-term basis [45] Question: Fleet vehicle mix and pricing - Management noted favorable pricing and mix within the fleet vehicle segment, with some headwinds from product mix [46]