MARKET COMPOSITE
SHYF - Shyft Group Inc (The)5:05:29 PM 4/19/2024
Price
$10.58
+ 0.31 (3.02%)
The Shyft Group , formerly also known as Spartan Motors, is an American automobile design company that designs, engineers and manufactures specialty chassis, specialty vehicles, truck bodies and aftermarket parts for the recreational vehicle , government services, and delivery and service markets. The company started in 1975 as a direct result of the bankruptcy of Diamond Reo. It is currently based in Charlotte, Michigan and has 2,700 employees. In 1974, Lansing, Michigan-based Diamond Reo Trucks was forced into bankruptcy. Diamond Reo had been the largest customer of the Form-Rite Corporation in Charlotte, Michigan, and Form-Rite was owed a considerable amount of money for plastic parts they had supplied to Reo. During the bankruptcy hearings, Form-Rite president Charles R. McManamey learned of a significant contract that Reo had just won for custom fire truck chassis. From connections made through the hearing, McManamey was able to draw together the additional talent and knowledge required to build such trucks.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue202.3MM+1%
Gross Profit27.9MM-24%
Cost Of Revenue174.4MM+6%
Operating Income-7.7MM-286%
Operating Expenses35.6MM+9%
Net Income-4.4MM-198%
R&D7.1MM+36%
G&A28.4MM+4%
Interest Expense1.8MM+16%
Stock Chart

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Stock news

    The Shyft Group, Inc. (NASDAQ: SHYF) ("Shyft" or the "Company"), the North American leader in specialty vehicle manufacturing, assembly, and upfit for ecommerce-driven parcel delivery, as well as the broader commercial, retail, and service specialty vehicle markets, will announce its first quarter 2024 financial results prior to the market opening on Thursday, April 25, 2024. A conference call and webcast will begin at 8:30 A.M. Eastern Time

    Shyft Group (NASDAQ:SHYF) has had a great run on the share market with its stock up by a significant 8.7% over the last...

    The Shyft Group (SHYF) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

    If you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and...

    Program provides seamless, cost-efficient solutions for mutual customers of Shyft and Ford Shyft Group_Ford Upfit Photo Collage Shyft Group brands that will participate in the Ford Pro Upfitter program are Utilimaster®, Royal Truck Body™, DuraMag® and Magnum™. NOVI, Mich., March 06, 2024 (GLOBE NEWSWIRE) -- The Shyft Group, Inc. (NASDAQ: SHYF), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, was

    Artko Capital, an investment management company, recently released its fourth quarter 2023 investor letter. A copy of the same can be downloaded here. In the fourth quarter, an average partnership interest in the fund increased by 6.9% net of fees. However, investments in comparable indexes like Russell 2000, Russell Microcap, and the S&P 500 were […]

    NOVI, Mich., March 04, 2024 (GLOBE NEWSWIRE) -- The Shyft Group, Inc. (NASDAQ: SHYF) (the “Company”), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, announced that management will be hosting analysts and investors at upcoming sell-side conferences and an industry tradeshow in March. Upcoming engagement opportunities for analysts and investors include: Raymond James 45th Annual Institutional Inve

    Shyft exhibit at Work Truck Week 2024 The Shyft Group's exhibit reflects its commitment to delivering value-driven, customer-focused work truck solutions. Advanced work truck solutions highlight the collective expertise of Shyft’s diverse brand portfolio CEO John Dunn to present latest advancements in work truck innovations, accessories, and last-mile delivery solutions NOVI, Mich., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Leveraging a broad spectrum of advanced work truck solutions, The Shyft Group, I

    Shyft Group ( NASDAQ:SHYF ) Full Year 2023 Results Key Financial Results Revenue: US$872.2m (down 15% from FY 2022...

    The Shyft Group, Inc. (NASDAQ:SHYF) Q4 2023 Earnings Call Transcript February 22, 2024 The Shyft Group, Inc. misses on earnings expectations. Reported EPS is $-0.03 EPS, expectations were $-0.02625. SHYF isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good morning […]