The Shyft Group Reports Fourth Quarter and Full-Year 2023 Results
The Shyft Group, Inc. (SHYF)
Company Research
Source: GlobeNewswire
Generated free cash flow of $36 million in the year; improvement of $75 million year-over-yearDelivered record profitability in Specialty Vehicles business Introduces 2024 outlook with sales of $850 to $900 million and adjusted EBITDA of $40 to $50 million NOVI, Mich., Feb. 22, 2024 (GLOBE NEWSWIRE) -- The Shyft Group, Inc. (NASDAQ: SHYF) (“Shyft” or the “Company”), the North American leader in specialty vehicle manufacturing, assembly and upfit for the commercial, retail and service specialty vehicle markets, today reported operating results for the fourth quarter and full-year ending December 31, 2023. Fourth Quarter 2023 Financial Highlights For the fourth quarter of 2023 compared to the fourth quarter of 2022: Sales of $202.3 million, a decrease of $99.7 million, or 33.0%, from $302.0 millionNet loss of $4.4 million, or ($0.13) per share, compared to net income of $17.8 million, or $0.50 per shareAdjusted EBITDA of $2.3 million, or 1.1% of sales, a decrease of $28.4 mi
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SHYF
News
- The Shyft Group Announces Quarterly DividendPR Newswire
- FedEx charges ahead with emission-reduction plan with 150 new EVs [Yahoo! Finance]Yahoo! Finance
- SHYFT GROUP SECURES FEDEX ORDER FOR BLUE ARC™ EV TRUCKSPR Newswire
- The Shyft Group, Inc. (NASDAQ:SHYF) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Analysts Have Made A Financial Statement On The Shyft Group, Inc.'s (NASDAQ:SHYF) First-Quarter Report [Yahoo! Finance]Yahoo! Finance
SHYF
Earnings
- 4/25/24 - Beat
SHYF
Sec Filings
- 4/25/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 4/11/24 - Form 4
- SHYF's page on the SEC website