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, 2022. 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 ...

Second Quarter 2022 Earnings Conference Call July 28, 2022 © 2022 THE SHYFT GROUP, INC. SHYFTGROUP Forward-Looking Statement This presentation contains information, including our revenue and earnings guidance, all other information provided with respect to our outlook for 2022 and future periods, and other statements concerning our business, strategic position, financial projections, financial strength, future plans, objectives, and the performance of our products and operations that may constitute "forward ...

Financial Data and Key Metrics Changes - Revenue for Q2 2022 was $232.2 million, down 4.8% year-over-year but up 12.2% sequentially [25] - Net income from continuing operations was $5.3 million, compared to $17 million a year ago [25] - Adjusted net income was $7.5 million, down from $19 million in the prior year [26] - Adjusted EBITDA was $13.7 million, compared to $28.6 million in the previous year, with a margin decline to 5.9% from 11.7% [27] Business Segment Data and Key Metrics Changes - Fleet Vehicle Services (FBS) revenue was $136.9 million, down from $161.6 million year-over-year, with adjusted EBITDA of $14.5 million [28][30] - Specialty Vehicles (SV) revenue increased to $95.3 million, up 15.7% year-over-year, with adjusted EBITDA of $12.9 million, representing a margin of 13.5% [31][32] Market Data and Key Metrics Changes - Backlog was $1.1 billion, up 51% year-over-year but down 11% sequentially [13] - FBS backlog was $1 billion, up 53% year-over-year [30] - SV backlog increased by 37% year-over-year to $135 million [32] Company Strategy and Development Direction - The company is focused on managing supply chain disruptions and inflationary pressures while investing in automation and lean principles [9][12] - Continued development of the Blue Arc Electric Vehicle is essential for long-term sustainable fleet operations [11][21] - The company aims to maintain a strong balance sheet to support growth initiatives, including EV investments [34][39] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the second half of the year due to improved chassis supply and strong demand [10][35] - The updated 2022 outlook includes revenue guidance of $925 million to $1.1 billion and adjusted EBITDA of $55 million to $80 million [36][37] - Management noted that the demand remains strong despite some cancellations due to chassis timing issues [49][60] Other Important Information - The company launched the Red Diamond aftermarket brand to expand its luxury motorhome parts and service business [19] - The Bristol facility installed an automated robotic painting system to enhance operational efficiency and sustainability [16] Q&A Session Summary Question: Supply chain disruptions - Management confirmed that chassis supply is the primary issue but noted improvements in flow [45][47] Question: Backlog and cancellations - Management indicated a modest level of cancellations but emphasized strong underlying demand [48][50] Question: Blue Arc EV customer testing - Management is preparing vehicles for customer testing and expects production to start in the second half of 2023 [53][55] Question: M&A opportunities - Management is monitoring potential acquisitions and expects better opportunities in the second half of the year [68][69] Question: Long-term vehicle demand - Management anticipates a 2 to 3-year recovery period for normal supply levels and fleet replacement [81][82] Question: Red Diamond brand initiative - Management sees potential for long-term value in the Red Diamond brand but considers it early days for expansion [101][102]

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, 2022. 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 2022 Earnings Conference Call April 28, 2022 10:00 AM ET Company Participants Jeff Tryka – Investor Relations Daryl Adams – President and Chief Executive Officer Jon Douyard – Chief Financial Officer Conference Call Participants Matt Koranda – Roth Capital Steve Dyer – Craig-Hallum Mike Shlisky – D.A. Davidson Operator Good morning and welcome to The Shyft Group’s First Quarter 2022 Conference Call and Webcast. [Operator Instructions] This call is being recorded at the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 or Organization) 41280 Bridge Street Novi, Michigan (Address of Principal Executive Offices) (I.R.S. Employer Identification No.) FORM 10-Q ☒ QUART ...

First Quarter 2022 Earnings Conference Call April 28, 2022 © 2022 THE SHYFT GROUP, INC. SHYFTGROUP Forward-Looking Statement This presentation contains information, including our revenue and earnings guidance, all other information provided with respect to our outlook for 2022 and future periods, and other statements concerning our business, strategic position, financial projections, financial strength, future plans, objectives, and the performance of our products and operations that may constitute "forward ...

Delivering. The Road Ahead. © 2022 THE SHYFT GROUP, INC. Raymond James Institutional Investors Conference March 7, 2022 SHY T GROUP Investor Presentation Forward-Looking Statement This presentation contains several forward-looking statements that are not historical facts, including our revenue and earnings guidance, all other information provided with respect to our outlook for 2021 and future periods, and other statements concerning our business, strategic position, financial projections, financial strengt ...

The Shyft Group, Inc. (NASDAQ:SHYF) Q4 2021 Earnings Conference Call February 24, 2022 10:00 AM ET Company Participants Juris Pagrabs - Group Treasurer and Head of IR Daryl Adams - President and CEO Jon Douyard - CFO Conference Call Participants Ryan Sigdahl - Craig-Hallum Capital Group Felix Boeschen - Raymond James Michael Shlisky - D.A. Davidson Matthew Koranda - ROTH Capital Partners Christopher McGinnis - Sidoti & Company Operator Good day, and welcome to The Shyft Group's Fourth Quarter and Full Ye ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________ FORM 10-K 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 or Organization) 41280 Bridge Street Novi, Michigan (Address of Principal Executive Offices) 48375 (Zip Code) Registrant's Telephone Number, Including Area Code: (517) 543-6400 Securities registered pursuant to Section 12(b) of the Securities Excha ...