The Shyft Group, Inc. Revises Earnings Guidance for the Full Year 2023
October 26, 2023 at 07:31 am EDT
Share
The Shyft Group, Inc. revised earnings guidance for the full year 2023. For the period, the company expects sales to be in the range of $850 million to $900 million compared to the previous outlook of $850 to $950 million. Net Income of $4 to $9 million compared to the previous outlook of $1 to $16 million.
Earnings per share of $0.13 to $0.27 compared to the previous outlook of $0.03 to $0.46.
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. 
