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Shyft Group Inc (NASDAQ: SHYF) |
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Price: $11.8800
$-0.13 
-1.082%
|
| Day's High:
| $12.22
| Week Perf:
| 0.34 %
|
| Day's Low: |
$ 11.81 |
30 Day Perf: |
12.71 % |
| Volume (M): |
119 |
52 Wk High: |
$ 17.56 |
| Volume (M$): |
$ 1,415 |
52 Wk Avg: |
$12.29 |
| Open: |
$12.17 |
52 Wk Low: |
$9.81 |
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| Market Capitalization (Millions $) |
412 |
| Shares
Outstanding (Millions) |
35 |
| Employees |
2,451 |
| Revenues (TTM) (Millions $) |
785 |
| Net Income (TTM) (Millions $) |
-4 |
| Cash Flow (TTM) (Millions $) |
12 |
| Capital Exp. (TTM) (Millions $) |
16 |
Shyft Group Inc
Shyft Group Inc, formerly known as Spartan Motors Inc, is a leading manufacturer of high-quality specialty vehicles, commercial trucks, and aftermarket parts for the commercial, government, and retail markets. The company is based in Charlotte, Michigan, and has been in business for over 45 years.
Shyft Group Inc operates through multiple divisions, including the Specialty Vehicles division which designs and manufactures purpose-built vehicles, like delivery trucks, for government, military, and commercial customers. The other division is the Fleet Vehicles and Services division, which provides customized commercial vehicles, including truck bodies, to meet specific customer requirements.
The company produces a wide range of products, including vehicle bodies, chassis, and parts, designed for delivery, utility, and service applications. Its product portfolio includes step vans, walk-in vans, buses, specialty chassis, Van Body, service trucks, and emergency vehicles. The company also offers a full range of upfitting services, which helps customers customize their vehicles to meet their specific requirements.
Shyft Group's customer base includes government agencies, utilities, delivery fleets, and retail customers are located across North America. The company has a strong reputation for building quality vehicles that are designed to handle tough working conditions while being safe and reliable for drivers and passengers.
Shyft Group has been recognized for its innovation and commitment to sustainability. In 2015, the company was awarded the AltWheels Fleet Leadership Award for its alternative fuel vehicle strategy. The company has also been recognized for its work in reducing emissions and improving fuel efficiency.
Overall, Shyft Group Inc is a trusted brand in the specialty vehicle industry, providing high-quality vehicles and parts to customers in a range of commercial markets. The company is committed to innovation, sustainability, and customer satisfaction, which has helped it build a strong reputation and a loyal customer base.
Company Address: 41280 Bridge Street Novi 48375 MI
Company Phone Number: 543-6400 Stock Exchange / Ticker: NASDAQ SHYF
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Customers Net Income grew by |
SHYF's Customers Net Profit Margin grew to |
359.46 % |
12.19 %
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| Stock Performances by Major Competitors |
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| Shyft Group Inc
The Shyft Group: Navigating Challenges Amidst Recognition and Transition in the Specialty Vehicle Market
Novi, Mich., March 4, 2024 ? The Shyft Group, Inc. (NASDAQ: SHYF), recognized as North America?s leading specialty vehicle manufacturer, has garnered attention recently for achieving the prestigious Ford Pro Upfitter Designation and Program. This acknowledgement highlights Shyft?s commitment to providing efficient and seamless solutions that benefit mutual customers of Shyft and Ford. However, despite this significant recognition, the company faced a challenging fourth quarter in 2023, reporting a sharp decline in revenues and earnings that starkly contrasts the performance of many of its competitors in the commercial and service vehicle sectors.
Performance Challenges in Q4 2023
In the fourth quarter of 2023, The Shyft Group experienced a staggering 33.1% decrease in revenue year-over-year, with revenues reported at $192.59 million compared to $225.10 million in the same period of the previous year. This significant downturn is a marked divergence from the broader industry trend, where competitors witnessed a modest revenue increase of 0.71%, with the average decline in revenue across the sector standing at a mere 1.02%.
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| Shyft Group Inc
As a financial analyst covering The Shyft Group Inc, I have been closely monitoring the company's recent financial results and performance in the market. The latest financial results for the first quarter of 2024 have raised concerns among investors and industry experts, as the company reported a deficit per stock of $-0.14 per share, a significant decrease from $0.05 per share in the same period a year prior. This growing deficit is alarming, especially when compared to the preceding financial reporting period where the deficit was $-0.13 per share.
One of the key highlights of the financial results is the extensive decline in revenue by -19.051% to $197.06 million from $243.44 million in the same period a year ago. This decline is substantial and indicates a challenging operating environment for the company. In addition, the company logged a net deficit of $-4.669 million for the first quarter of 2024, a significant decrease from the net income of $1.678 million reported in the same period a year before.
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| Product Service News
Published Wed, Mar 6 2024 12:41 PM UTC
The Shyft Group, a leading provider of efficient and seamless solutions for mutual customers of Shyft and Ford, recently achieved the esteemed Ford Pro Upfitter Designation and Program. However, despite this recognition, the company faced a significant revenue decrease in the fourth quarter of 2023 compared to the same period the previous year. The downward trend differs mar...
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| Product Service News
Published Thu, Feb 29 2024 12:31 PM UTC
The Shyft Group, a well-known manufacturer of work truck solutions, recently displayed its innovative and customer-centric products during Work Truck Week 2024. This event served as a platform for the company to highlight its diverse brand portfolio and emphasize their expertise in the industry. However, despite the exhibition of groundbreaking solutions, the company faced a...
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| Shyft Group Inc
Shyft Group Inc, a renowned North American leader in specialty vehicle manufacturing and assembly, recently disclosed disappointing financial results for its most recent fiscal period. The company's revenue saw a significant decline of -33.098% to $202.05 million compared to the previous reporting period. Additionally, Shyft Group Inc recorded a shortfall per share of $-0.13, a decrease from $0.50 in the same time-frame a year prior, indicating a decrease in profitability.
The fourth quarter of 2023 was particularly challenging for Shyft Group Inc, with a net loss of $-4.417 million, a stark contrast to the net income of $17.841 million in the comparable reporting period a year before. This unexpected outcome raises concerns about the company's operational efficiency and financial stability.
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| Per Share |
Current |
| Earnings (TTM) |
-0.12 $ |
| Revenues (TTM) |
22.66 $
|
| Cash Flow (TTM) |
0.33 $ |
| Cash |
0.62 $
|
| Book Value |
7.29 $
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| Dividend (TTM) |
0.2 $ |
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|
| Per Share |
|
| Earnings (TTM) |
-0.12 $
|
| Revenues (TTM) |
22.66 $ |
| Cash Flow (TTM) |
0.33 $ |
| Cash |
0.62 $
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| Book Value |
7.29 $ |
| Dividend (TTM) |
0.2 $ |
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| |
| Transferred at Point in Time |
|
 0.44 % |
of total Revenue |
| Consolidation Eliminations |
|
100.24 % |
of total Revenue |
| Consolidation Eliminations Transferred at Point in Time |
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23.65 % |
of total Revenue |
| Consolidation Eliminations Transferred over Time |
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76.59 % |
of total Revenue |
| Fleet Vehicles and Services |
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54.68 % |
of total Revenue |
| Fleet Vehicles and Services Transferred at Point in Time |
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9.34 % |
of total Revenue |
| Fleet Vehicles and Services Transferred over Time |
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45.34 % |
of total Revenue |
| Specialty Vehicles |
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45.12 % |
of total Revenue |
| Specialty Vehicles Transferred at Point in Time |
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13.87 % |
of total Revenue |
| Specialty Vehicles Transferred over Time |
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31.26 % |
of total Revenue |
| UNITED STATES |
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0.44 % |
of total Revenue |
| UNITED STATES Consolidation Eliminations |
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97.69 % |
of total Revenue |
| UNITED STATES Fleet Vehicles and Services |
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52.22 % |
of total Revenue |
| UNITED STATES Specialty Vehicles |
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45.03 % |
of total Revenue |
| Non-US Consolidation Eliminations |
|
2.55 % |
of total Revenue |
| Non-US Fleet Vehicles and Services |
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2.46 % |
of total Revenue |
| Non-US Specialty Vehicles |
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0.09 % |
of total Revenue |
| Continuing Operations |
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100.24 % |
of total Revenue |
| Continuing Operations Fleet Vehicle Sales |
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45.34 % |
of total Revenue |
| Continuing Operations Motorhome Chassis |
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5.78 % |
of total Revenue |
| Continuing Operations Other Specialty Vehicles |
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35.04 % |
of total Revenue |
| Continuing Operations Aftermarket Parts and Accessories Sales |
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14.09 % |
of total Revenue |
| Continuing Operations Fleet Vehicles and Services |
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54.68 % |
of total Revenue |
| Continuing Operations Fleet Vehicles and Services Fleet Vehicle Sales |
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45.34 % |
of total Revenue |
| Continuing Operations Fleet Vehicles and Services Aftermarket Parts and Accessories Sales |
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9.34 % |
of total Revenue |
| Continuing Operations Specialty Vehicles |
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45.12 % |
of total Revenue |
| Continuing Operations Specialty Vehicles Motorhome Chassis |
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5.78 % |
of total Revenue |
| Continuing Operations Specialty Vehicles Other Specialty Vehicles |
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34.6 % |
of total Revenue |
| Continuing Operations Specialty Vehicles Aftermarket Parts and Accessories Sales |
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4.75 % |
of total Revenue |
| Continuing Operations Reporting Reconciling Item Excluding Corporate Nonsegment |
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0.44 % |
of total Revenue |
| Continuing Operations Reporting Reconciling Item Excluding Corporate NonOther Specialty Vehicles |
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0.44 % |
of total Revenue |
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2.44% 