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.
The Shyft Group, Inc. (NASDAQ: SHYF) is a leader in specialty vehicle manufacturing and upfit solutions for commercial and service markets. This page provides investors and industry professionals with direct access to the company's official news updates, including press releases, strategic initiatives, and operational developments.
Discover timely updates on product innovations, partnership announcements, and financial performance, including quarterly earnings and sustainability efforts. Our curated collection ensures you stay informed about SHYF's advancements in electric vehicle platforms, last-mile delivery solutions, and custom chassis engineering.
Bookmark this page for streamlined access to verified information directly impacting Shyft Group's market position. Check back regularly for real-time updates on their work-driven design philosophy and commercial vehicle upfit expertise.
The Shyft Group (NASDAQ: SHYF) reported Q1 2025 financial results showing improved performance. Sales increased 3.4% year-over-year to $204.6 million. The company reduced its net loss to $1.4 million (($0.04) per share) from $4.7 million (($0.14) per share) in Q1 2024.
Key highlights include:
- Adjusted EBITDA of $12.3 million (6.0% of sales), up from $6.1 million
- Adjusted net income of $2.4 million ($0.07 per share)
- Consolidated backlog of $335.3 million, down 23.7% YoY but up 7.1% from year-end
- Blue Arc sales of $26.3 million
The company maintained its full-year 2025 guidance:
- Sales: $870-970 million
- Adjusted EBITDA: $62-72 million
- Adjusted EPS: $0.69-0.92
- Free cash flow: $25-30 million
The Shyft Group (NASDAQ: SHYF), North America's leader in specialty vehicle manufacturing and upfit for ecommerce parcel delivery and commercial markets, has scheduled its first quarter 2025 financial results announcement for Thursday, April 24, 2025, before market opening.
The company will host a conference call and webcast at 8:30 A.M. Eastern Time. Investors can access the listen-only presentation and supporting materials through the company's investor relations website. The conference call will be available via telephone at 1-844-868-8845 (Domestic) or 1-412-317-6591 (International).
Vantage Mobility, a leading wheelchair accessible vehicle (WAV) manufacturer, has appointed Daryl Adams as Chief Executive Officer. Adams brings over 35 years of automotive industry leadership experience to the role.
Adams most recently served as President and CEO of The Shyft Group (NASDAQ: SHYF), where he doubled company earnings and led new product development. His previous roles include CEO of Midway Products Group and Vice President of Global Engineering and R&D at Lear He is also the Founder and President of Ripple Effect Leadership.
Vantage Mobility, based in Phoenix, specializes in manufacturing WAVs built on Toyota, Honda, and Stellantis chassis. The company has received Toyota's Gold Certificate for Quality for the past 2+ years and employs Six Sigma techniques in its manufacturing processes.
The Shyft Group (NASDAQ: SHYF) announced that Aebi Schmidt Group has filed a Form S-4 registration statement with the SEC for their proposed merger. The filing reveals pro forma financial projections for 2024, including combined revenues of $1.9 billion and adjusted EBITDA of $148 million.
The merger is expected to close in mid-2025, subject to SEC effectiveness, Shyft shareholder approval, and other customary conditions. Post-merger, the combined entity will operate as Aebi Schmidt Group and trade on Nasdaq under the symbol 'AEBI'.
The Shyft Group (NASDAQ: SHYF), North America's leading specialty vehicle manufacturing company, has announced its participation in the 37th Annual ROTH Conference taking place in Dana Point, California on March 17, 2025. The company's management team will be present at the conference, where they will engage in one-on-one meetings with institutional investors.
As a leader in manufacturing, assembly, and upfit services for commercial, retail, and service specialty vehicle markets, this participation demonstrates Shyft's commitment to maintaining strong relationships with the investment community.
The Shyft Group (NASDAQ: SHYF) unveils two new work truck solutions at NTEA Work Truck Week 2025 through its Utilimaster brand. The company reintroduces the Utilimaster Trademaster Service Body and debuts the Marketplace Dry Freight Truck.
The Trademaster Service Body, scheduled for production in Q3 2025, features reinforced construction, spacious cargo areas, and easy-access exterior compartments. The Marketplace Dry Freight Truck weighs 900 pounds less than comparable models and includes a 3,300-lb liftgate, optimized for logistics and last-mile delivery operations.
Additionally, Shyft announced a merger agreement with Aebi Schmidt to combine expertise in specialty vehicle manufacturing, upfitting, and infrastructure solutions, aiming to expand product offerings and improve efficiencies.
The Shyft Group (NASDAQ: SHYF) is set to celebrate its 50th anniversary at NTEA Work Truck Week 2025, showcasing innovative fleet solutions and technological advancements. The company will host a press conference on March 5 at 3:15 PM ET at Booth #2921.
Key highlights include the demonstration of their Blue Arc Class 4 EV Truck, featuring 200+ mile range and lightweight composite body, available for test drives on March 5-6. The exhibition will showcase various vehicles including the redesigned Utilimaster Trademaster, Marketplace Dry Freight, Aeromaster Walk-In-Van, and DuraMag aluminum solutions.
The company recently announced a strategic merger with Aebi Schmidt to expand product offerings and improve efficiencies. Through its portfolio of brands including Royal Truck Body, DuraMag, Magnum, Utilimaster, and others, Shyft serves industries from last-mile delivery to construction and utility applications.
The Shyft Group (NASDAQ: SHYF) has announced an expanded collaboration with Isuzu North America , building on their relationship that began in 2011. This partnership positions Shyft to grow its business and establish new operations near Isuzu's future production facility in Greenville County, South Carolina.
The expanded collaboration includes creating a dedicated upfit and modification center near the Greenville plant and developing a new body program for the North American market. Shyft will continue assembling key Isuzu vehicle lines at its Charlotte, Michigan campus during the multi-year production ramp-up in Greenville.
Isuzu's new 1,000,000-square-foot Greenville facility will consolidate production, vehicle preparation, and logistics operations, with initial production expected to begin in 2027 and further expansion in 2028. Once fully operational, the plant will have capacity to produce up to 50,000 vehicles annually and employ more than 700 people.
The Shyft Group (NASDAQ: SHYF) reported Q4 2024 results with sales of $201.4 million, down 0.4% year-over-year, and a net loss of $3.4 million ($0.10 per share). Q4 Adjusted EBITDA improved to $15.9 million (7.9% of sales) from $2.3 million in Q4 2023.
For full-year 2024, sales decreased 9.9% to $786.2 million, with a net loss of $2.8 million ($0.08 per share). The company achieved Adjusted EBITDA of $48.8 million (6.2% of sales), up from $40.0 million in 2023. Consolidated backlog stood at $313.2 million, down 23.5% from the previous year.
Looking ahead, Shyft provided 2025 guidance with expected sales of $870-970 million, Adjusted EBITDA of $62-72 million, and adjusted EPS of $0.69-0.92. The company's pending merger with Aebi Schmidt remains on track to close by mid-2025.
The Shyft Group (NASDAQ: SHYF), a leading North American specialty vehicle manufacturer, has announced a quarterly cash dividend of $0.05 per share of common stock. The dividend will be paid on March 28, 2025, to shareholders of record at the close of business on February 27, 2025. The company specializes in manufacturing, assembly, and upfit services for commercial, retail, and service specialty vehicle markets.
