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Shyft Group, Inc. (SHYF)
:SHYF
Holding SHYF?
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.15Last Year’s EPS
-0.03Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2018
|% Change Since: 6.15%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with significant improvements in operational efficiency and strategic acquisitions, but also highlighted challenges in sales and net income declines. The company's cautious approach towards EV adoption reflects uncertainty in the market.Company Guidance
During The Shyft Group's third-quarter 2024 earnings call, several key metrics and guidance were provided. The company achieved a 31% increase in adjusted EBITDA compared to the previous year, with a margin of 10.5% excluding EV spending. Despite a 4% decrease in sales to $194.1 million, adjusted EBITDA rose to $14.3 million, representing 7.4% of sales, up from 5.5% the previous year. The Fleet Vehicles & Services segment expanded margins to 9.3% of sales, showcasing consistent improvement, although sales dropped by 15% to $105.9 million. Specialty Vehicles saw a 14% increase in sales to $87.4 million, driven by vocational products, with adjusted EBITDA margins in the high teens. The company's full-year outlook remains unchanged, anticipating adjusted EBITDA between $45 million and $50 million on approximately $800 million in sales, with free cash flow expected to reach $30 million. The company is also progressing with its Blue Arc EV program, targeting adjusted EBITDA breakeven in 2025 with production already underway.Adjusted EBITDA Growth
The company increased adjusted EBITDA by 31% year-over-year, achieving 10.5% adjusted EBITDA excluding EV spending.
Fleet Vehicles & Services Margin Expansion
Fleet Vehicles & Services business expanded margins to 9.3% of sales, demonstrating consistent sequential improvement.
Acquisition of Independent Truck Upfitters
The acquisition of Independent Truck Upfitters (ITU) is already realizing synergies and additional commercial opportunities.
Blue Arc EV Production Commencement
Initial production of Blue Arc EV is underway, with plans to deliver high-quality vehicles by the end of the year.
Strong Specialty Vehicles Performance
Specialty Vehicles delivered high teens adjusted EBITDA margins, with sales up 14% year-over-year.
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SHYF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SHYF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $11.70 | $11.59 | -0.94% |
| Jul 25, 2024 | $11.56 | $13.49 | +16.70% |
| Apr 25, 2024 | $10.62 | $11.10 | +4.52% |
| Feb 22, 2024 | $10.88 | $11.28 | +3.68% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Shyft Group, Inc. (SHYF) report earnings?
Shyft Group, Inc. (SHYF) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Shyft Group, Inc. (SHYF) earnings time?
Shyft Group, Inc. (SHYF) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SHYF EPS forecast?
SHYF EPS forecast for the fiscal quarter 2024 (Q4) is 0.15.
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