Tranche Update on The Shyft Group, Inc.'s Equity Buyback Plan announced on February 22, 2022.
October 26, 2023 at 07:35 am EDT
Share
From July 1, 2023 to September 30, 2023, the company has repurchased 673,744 shares, representing 1.93% for $10.32 million. With this, the company has completed the repurchase of 1,220,761 shares, representing 3.48% for $26.79 million under the buyback announced on February 22, 2022.
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. 
