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Shyft Group Inc's Business Segments
Shyft Group Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q1 FY2025
Reportable Segments
2
Largest Segment
Fleet Vehicles and Services
Total Revenue
$ 204
Countrys Reported
1
Revenue Share by Reportable Segment - Q1 FY2025
- Fleet Vehicles and Services47%
- Specialty Vehicles40.2%
Revenue by Reportable Segment - Q1 FY2025
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Fleet Vehicles and Services | $ 96 | 47% |
| Specialty Vehicles | $ 82 | 40.2% |
Revenue Share by Country - Q1 FY2025
- US99.6%
Revenue by Geographic Country - Q1 FY2025
| Country | Revenue (Millions) | % of Total |
|---|---|---|
| US | $ 204 | 99.6% |
Revenue by Product & Service Category - Q1 FY2025
- Fleet Vehicle Sales38.3%
- Other Specialty Vehicles29.7%
- Aftermarket Parts and Accessories Sales12.4%
- Motorhome Chassis6.9%
Revenue by Product & Service Category - Q1 FY2025
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Fleet Vehicle Sales | $ 78 | 38.3% |
| Other Specialty Vehicles | $ 61 | 29.7% |
| Aftermarket Parts and Accessories Sales | $ 25 | 12.4% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
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Description of 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.
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.
Shyft Group Inc is a leading provider of specialty vehicle manufacturing and assembly solutions for commercial, retail, and specialty industries. The company offers a wide range of products and services to meet the needs of its customers. Let's take a closer look at the segments, products, and services offered by Shyft Group Inc.
Segments:
Shyft Group Inc operates through two main segments:
1. Fleet Vehicles & Services:
This segment includes the production and delivery of commercial vehicles, vocational fleets, and walk-in vans. They also offer custom-designed cargo delivery and mobile retail solutions.
2. Specialty Vehicles:
This segment focuses on customizing vehicles to meet the requirements of various industries such as emergency response, commercial, and recreation.
Products:
1. Commercial Vehicles:
Shyft Group Inc offers a range of commercial vehicles, including cargo and delivery vans, box trucks, and specialty mobility vehicles. These vehicles can be customized to meet the specific needs of customers.
2. Emergency Response Vehicles:
The company provides emergency response vehicles such as ambulances, command centers, and incident response units. Shyft Group Inc also offers specialized equipment for firefighting, law enforcement, and military sectors.
3. Specialty Vehicles:
Shyft Group Inc offers custom-built specialty vehicles such as mobile medical clinics, mobile classrooms, and mobile retail units.
Services:
1. Vehicle Assembly:
The company offers vehicle assembly services to help customers build their desired vehicles to their exact specifications. They ensure high quality and provide on-time delivery.
2. Financing Services:
Shyft Group Inc offers financing services to help customers finance the purchase of their vehicles. These financing services are designed to help customers save money and get the best rates.
3. Service and Repair:
The company provides maintenance, repair, and support services for all their vehicles. They offer a full range of services from basic maintenance to complete overhauls.
In conclusion, Shyft Group Inc offers a comprehensive range of products and services to cater to the unique requirements of commercial, retail, and specialty industries. Their highly customizable vehicles, efficient assembly process, and exceptional customer support have made them a leader in the specialty vehicle sector.
Segments:
Shyft Group Inc operates through two main segments:
1. Fleet Vehicles & Services:
This segment includes the production and delivery of commercial vehicles, vocational fleets, and walk-in vans. They also offer custom-designed cargo delivery and mobile retail solutions.
2. Specialty Vehicles:
This segment focuses on customizing vehicles to meet the requirements of various industries such as emergency response, commercial, and recreation.
Products:
1. Commercial Vehicles:
Shyft Group Inc offers a range of commercial vehicles, including cargo and delivery vans, box trucks, and specialty mobility vehicles. These vehicles can be customized to meet the specific needs of customers.
2. Emergency Response Vehicles:
The company provides emergency response vehicles such as ambulances, command centers, and incident response units. Shyft Group Inc also offers specialized equipment for firefighting, law enforcement, and military sectors.
3. Specialty Vehicles:
Shyft Group Inc offers custom-built specialty vehicles such as mobile medical clinics, mobile classrooms, and mobile retail units.
Services:
1. Vehicle Assembly:
The company offers vehicle assembly services to help customers build their desired vehicles to their exact specifications. They ensure high quality and provide on-time delivery.
2. Financing Services:
Shyft Group Inc offers financing services to help customers finance the purchase of their vehicles. These financing services are designed to help customers save money and get the best rates.
3. Service and Repair:
The company provides maintenance, repair, and support services for all their vehicles. They offer a full range of services from basic maintenance to complete overhauls.
In conclusion, Shyft Group Inc offers a comprehensive range of products and services to cater to the unique requirements of commercial, retail, and specialty industries. Their highly customizable vehicles, efficient assembly process, and exceptional customer support have made them a leader in the specialty vehicle sector.