Associated tags: The Shyft Group
Locations: CHARLOTTE, MI, US, MISSOURI, SOUTH CAROLINA, CALIFORNIA, FLORIDA, PENNSYLVANIA, ARIZONA, MEXICO, MAINE, MICHIGAN, TEXAS, INDIANA, CHICAGO, NEW YORK CITY, SOUTH AMERICA, NORTH AMERICA
NOVI, Mich., May 2, 2024 /PRNewswire/ -- The Shyft Group, Inc. (NASDAQ: SHYF), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and specialty vehicle markets today announced a purchase order with FedEx for an initial order of 150 Blue Arc™ EV Trucks to be integrated into the FedEx pickup and delivery fleet in the U.S. This order reflects the shared commitment of both organizations to reduce carbon emissions and reduce air pollution through the adoption of commercial-grade electric vehicles (EVs).
Key Points:
- NOVI, Mich., May 2, 2024 /PRNewswire/ -- The Shyft Group, Inc. (NASDAQ: SHYF), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and specialty vehicle markets today announced a purchase order with FedEx for an initial order of 150 Blue Arc™ EV Trucks to be integrated into the FedEx pickup and delivery fleet in the U.S.
- FedEx tested the vehicle in real-life conditions, using it on last-mile delivery routes in Memphis.
- "We look forward to bringing the Blue Arc into our growing portfolio of electric vehicles in service around the world."
- "Our collaboration with FedEx has been instrumental in refining our strategy for meeting commercial-grade EV fleet needs," said John Dunn, President and CEO of the Shyft Group.
“We are thrilled to be named a Ford Pro Upfitter, which is a natural outcome of our long collaboration with Ford,” said Shyft CEO John Dunn.
Key Points:
- “We are thrilled to be named a Ford Pro Upfitter, which is a natural outcome of our long collaboration with Ford,” said Shyft CEO John Dunn.
- Shyft and Ford conducted the in-person audit at Shyft’s new facility in Lebanon, Tenn., which serves as a sales and upfitting branch for several Shyft brands.
- The brands that will participate in the Ford Pro Upfitter program are Utilimaster®, Royal Truck Body™, DuraMag® and Magnum™.
- The Shyft Group and Ford Motor Company have worked closely together for decades, achieving several significant milestones in recent years.
NOVI, Mich., March 04, 2024 (GLOBE NEWSWIRE) -- The Shyft Group, Inc. (NASDAQ: SHYF) (the “Company”), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, announced that management will be hosting analysts and investors at upcoming sell-side conferences and an industry tradeshow in March.
Key Points:
- NOVI, Mich., March 04, 2024 (GLOBE NEWSWIRE) -- The Shyft Group, Inc. (NASDAQ: SHYF) (the “Company”), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, announced that management will be hosting analysts and investors at upcoming sell-side conferences and an industry tradeshow in March.
- Upcoming engagement opportunities for analysts and investors include:
Raymond James 45th Annual Institutional Investor Conference in Orlando, FL on March 4
NTEA Work Truck Week 2024 in Indianapolis, IN on March 6-7
36th Annual ROTH Conference in Dana Point, CA on March 18
Retrieved on:
Thursday, February 29, 2024
NOVI, Mich., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Leveraging a broad spectrum of advanced work truck solutions, The Shyft Group, Inc. (NASDAQ: SHYF), will highlight its industry leadership and integrated brand strengths at Work Truck Week 2024 in Indianapolis, March 6-8. Showcasing the latest in innovations and customer-centric solutions, the company aims to meet the evolving needs of diverse business sectors with cutting-edge vehicle designs and functionalities.
Key Points:
- CEO John Dunn to present latest advancements in work truck innovations, accessories, and last-mile delivery solutions
NOVI, Mich., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Leveraging a broad spectrum of advanced work truck solutions, The Shyft Group, Inc. (NASDAQ: SHYF), will highlight its industry leadership and integrated brand strengths at Work Truck Week 2024 in Indianapolis, March 6-8.
- This synergy ensures specialized, customer-focused solutions and leans into the collective expertise of our diverse brand portfolio,” said Shyft CEO John Dunn.
- The Shyft Group will also participate in the Work Truck Week Ride & Drive, taking place from 11:00 a.m. to 3:30 p.m. on Wednesday and Thursday, March 6 and 7.
- Shyft joins the Ride & Drive with its all-electric, Class 3 walk-in delivery van from Blue Arc EV Solutions.
Retrieved on:
Thursday, February 22, 2024
Generated free cash flow of $36 million in the year; improvement of $75 million year-over-year
Key Points:
- Generated free cash flow of $36 million in the year; improvement of $75 million year-over-year
NOVI, Mich., Feb. 22, 2024 (GLOBE NEWSWIRE) -- The Shyft Group, Inc. (NASDAQ: SHYF) (“Shyft” or the “Company”), the North American leader in specialty vehicle manufacturing, assembly and upfit for the commercial, retail and service specialty vehicle markets, today reported operating results for the fourth quarter and full-year ending December 31, 2023.
- “Our Specialty Vehicles business delivered strong overall profitability driven by robust demand for our vocational work trucks.
- “Shyft has a strong core business, and the team is implementing the framework to return the company to historic profitability levels.
- We are strengthening the leadership team, driving operational execution, and deepening our commercial capabilities to deliver long-term shareholder value.”
The Shyft Group will host a conference call at 8:30 a.m.
NOVI, Mich., Feb. 02, 2024 (GLOBE NEWSWIRE) -- The Shyft Group, Inc. (NASDAQ: SHYF) (“Shyft” or the “Company”), the North American leader in specialty vehicle manufacturing, assembly, and upfit for ecommerce-driven parcel delivery, as well as the broader commercial, retail, and service specialty vehicle markets, will announce its fourth quarter and year-end 2023 financial results prior to the market opening on Thursday, February 22, 2024.
Key Points:
- NOVI, Mich., Feb. 02, 2024 (GLOBE NEWSWIRE) -- The Shyft Group, Inc. (NASDAQ: SHYF) (“Shyft” or the “Company”), the North American leader in specialty vehicle manufacturing, assembly, and upfit for ecommerce-driven parcel delivery, as well as the broader commercial, retail, and service specialty vehicle markets, will announce its fourth quarter and year-end 2023 financial results prior to the market opening on Thursday, February 22, 2024.
- A conference call and webcast will begin at 8:30 A.M. Eastern Time.
Retrieved on:
Thursday, February 1, 2024
NOVI, Mich., Feb. 01, 2024 (GLOBE NEWSWIRE) -- The Shyft Group, Inc. (NASDAQ: SHYF) (“Shyft” or the “Company”), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, today announced that its Board of Directors authorized a cash dividend of $0.05 per share of common stock.
Key Points:
- NOVI, Mich., Feb. 01, 2024 (GLOBE NEWSWIRE) -- The Shyft Group, Inc. (NASDAQ: SHYF) (“Shyft” or the “Company”), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, today announced that its Board of Directors authorized a cash dividend of $0.05 per share of common stock.
- The Michigan-based manufacturer reported that its quarterly dividend will be payable on March 18, 2024 to shareholders of record as of the close of business on February 16, 2024.
In his new role, Farmer is responsible for FVS operations and implementing the business's strategic vision.
Key Points:
- In his new role, Farmer is responsible for FVS operations and implementing the business's strategic vision.
- “Since joining Shyft in July 2023, Jacob’s strong operational and people leadership has positioned SV for sustained growth and success,” said Dunn.
- Before joining Shyft, Farmer served as President and CEO of Trialon Corporation and Global Vice President and General Manager of the Industrial & Specialty Group at Cooper Standard.
- He holds an Executive MBA from Michigan State University and a Bachelor of Science in Business from Indiana University.
Retrieved on:
Tuesday, November 7, 2023
NOVI, Mich., Nov. 07, 2023 (GLOBE NEWSWIRE) -- The Shyft Group, Inc. (NASDAQ: SHYF) (the “Company”), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, today announced that Jon Douyard, Chief Financial Officer, will participate in the Baird 2023 Global Industrial Conference in Chicago on November 7, 2023.
Key Points:
- NOVI, Mich., Nov. 07, 2023 (GLOBE NEWSWIRE) -- The Shyft Group, Inc. (NASDAQ: SHYF) (the “Company”), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, today announced that Jon Douyard, Chief Financial Officer, will participate in the Baird 2023 Global Industrial Conference in Chicago on November 7, 2023.
- The Shyft Group is the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets.
- The Shyft Group is organized into two core business units: Shyft Fleet Vehicles and Services™ and Shyft Specialty Vehicles™.
- The Shyft Group and its go-to-market brands are well known in their respective industries for quality, durability, and first-to-market innovation.
Retrieved on:
Tuesday, October 31, 2023
NOVI, Mich., Oct. 31, 2023 (GLOBE NEWSWIRE) -- The Shyft Group, Inc. (NASDAQ: SHYF) (“Shyft” or the “Company”), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, today announced that its Board of Directors authorized a cash dividend of $0.05 per share of common stock.
Key Points:
- NOVI, Mich., Oct. 31, 2023 (GLOBE NEWSWIRE) -- The Shyft Group, Inc. (NASDAQ: SHYF) (“Shyft” or the “Company”), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, today announced that its Board of Directors authorized a cash dividend of $0.05 per share of common stock.
- The Michigan-based manufacturer reported that its quarterly dividend will be payable on December 15, 2023 to shareholders of record as of the close of business on November 16, 2023.
