Shyft Group Inc (OQ:SHYF)
Business Focus: Auto & Truck Manufacturers
| Sector: Consumer Cyclicals | Industry: Auto & Truck Manufacturers |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 41280 BRIDGE STREET, 1000 Reynolds Rd NOVI MI 48375 |
| Tel: | N/A |
| Website: | https://theshyftgroup.com |
| IR: | See website |
| Key People | ||
| John A. Dunn President, Chief Executive Officer, Director | Jonathan C. Douyard Chief Financial Officer | Jacob Farmer President - Fleet Vehicles and Services |
| Colin E. Hindman Chief Human Resource Officer | Joshua A. Sherbin Chief Legal Officer, Chief Compliance Officer, Corporate Secretary | |
| Business Overview |
| The Shyft Group, Inc. is engaged in specialty vehicle manufacturing and assembly for the commercial vehicle, including last-mile delivery, specialty service and vocation-specific upfit segments and recreational vehicle industries. The Company's segments include Fleet Vehicles and Services (FVS) and Specialty Vehicles (SV). The FVS segment manufactures commercial vehicles used in the e-commerce/last mile/parcel delivery, beverage and grocery delivery, laundry and linen, mobile retail, and trade and construction industries. The Specialty Vehicles segment includes a portfolio of business that provides service bodies, RV chassis, vocational upfit and contract manufacturing products and services. Its products include walk-in vans, truck bodies, and cargo van and pick-up truck upfits used in e-commerce/parcel delivery, upfit equipment used in the mobile retail and utility trades, and luxury Class A diesel motorhome custom chassis and contract manufacturing and assembly services. |
| Financial Overview |
| For the three months ended 31 March 2024, Shyft Group Inc revenues decreased 19% to $197.9M. Net loss totaled $4.7M vs. income of $1.7M. Revenues reflect Fleet Vehicles and Services segment decrease of 32% to $107.8M, United States segment decrease of 28% to $171.5M. Net loss reflects Interest expense increase of 25% to $2.1M (expense). Dividend per share remained flat at $0.05. |
| Employees: | 3,000 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $503.01M as of Mar 31, 2024 |
| Annual revenue (TTM): | $826.65M as of Mar 31, 2024 |
| EBITDA (TTM): | $27.29M as of Mar 31, 2024 |
| Net annual income (TTM): | $0.12M as of Mar 31, 2024 |
| Free cash flow (TTM): | $17.47M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $70.92M as of Mar 31, 2024 |
| Shares outstanding: | 34,374,065 as of Apr 19, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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