The Shyft Group, Inc. Provides Consolidated Earnings Guidance for the Year Ending December 31, 2024
February 22, 2024 at 07:31 am EST
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The Shyft Group, Inc. provided consolidated earnings guidance for the year ending December 31, 2024. For the year, sales to be in the range of $850 million to $900 million, net income to be in the range of $2.5 million to $10.5 million and earnings per share to be in the range of $0.07 to $0.30.
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 Companyâs 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.
THE SHYFT GROUP, INC. 
