The Shyft Group, Inc. manufactures and assembles specialty vehicles for the commercial vehicle and recreational vehicle industries in the United States and internationally. The company's Fleet Vehicles and Services segment manufactures and sells commercial vehicles that are used in the e-commerce/last mile/parcel delivery, beverage and grocery delivery, laundry and linen, mobile retail, and trades and construction industries. This segment markets its commercial vehicles under the Aeromaster, Velocity, Trademaster, and Utilivan brand names; and vocation-specific equipment upfit services under the Utilimaster Upfit Services and Strobes-R-Us brands. It also installs specialty interior and exterior up-fit equipment for walk-in vans, truck bodies, and passenger vans under the Specialty Upfit name; provides aftermarket support, including parts sales and field services; and parts and accessories for its walk-in vans and truck bodies. The company's Specialty Vehicle segment engages in the engineering and manufacture of luxury class A diesel motor home chassis; manufacture and assemble of truck body options for various trades, service truck bodies, stake body trucks, contractor trucks, and dump bed trucks under the Royal Truck Body and DuraMag go-to-market brand names; and provision of chassis and complete vehicle assembly services for other specialty chassis and vehicles. This segment also offers assembly services for Isuzu N-gas and F-series chassis; and parts and accessories for motorhome and specialty chassis, as well as related maintenance and repair services. The company sells its products to commercial users, original equipment manufacturers, dealers, individuals, municipalities, and other government entities. The company was formerly known as Spartan Motors, Inc. and changed its name to The Shyft Group, Inc. in June 2020. The Shyft Group, Inc. was incorporated in 1975 and is headquartered in Novi, Michigan.
IPO Year:
Exchange: NASDAQ
Website: theshyftgroup.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/15/2025 | $15.00 | Neutral → Buy | DA Davidson |
| 7/29/2024 | $12.00 → $18.00 | Neutral → Buy | DA Davidson |
| 10/27/2023 | Buy → Neutral | BTIG Research | |
| 7/28/2023 | $32.00 → $16.00 | Buy → Neutral | DA Davidson |
| 1/19/2023 | $40.00 | Buy | BTIG Research |
| 7/13/2022 | $32.00 → $38.00 | Neutral → Buy | DA Davidson |
| 4/6/2022 | Buy → Neutral | DA Davidson | |
| 2/25/2022 | $57.00 | Outperform → Strong Buy | Raymond James |
| 11/5/2021 | $50.00 → $55.00 | Buy | DA Davidson |
| 8/11/2021 | $50.00 | Buy | DA Davidson |
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Final milestone achieved ahead of anticipated July 1, 2025 closingCombined company name to be "Aebi Schmidt Group"Trading on NASDAQ as "AEBI" expected to begin on or around July 1, 2025 NOVI, Mich., June 17, 2025 /PRNewswire/ -- The Shyft Group, Inc. (NASDAQ:SHYF)("Shyft"), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service markets, today announced that the shareholders of Shyft have voted to approve and adopt the merger agreement (the "Merger Agreement") relating to the previously announced proposed merger of an indirect, wholly owned subsidiary of Aebi Schmidt Group ("Aebi Schmidt"), a global provider of mission-critica
TORONTO, May 26, 2025 /CNW/ - Neo Performance Materials Inc. ("Neo" or the "Company") (TSX:NEO) today announced that the Company has filed its management information circular (the "Circular") and related materials for Neo's annual general meeting of shareholders to be held on June 26, 2025 at 4:00 p.m. (Toronto time) at 40 King Street West, Suite 2400, Toronto, Ontario, Canada (the "Meeting"), under Neo's profile on SEDAR+ at www.sedarplus.ca and on the Company's website at www.neomaterials.com. Due to the potential Canadian postal disruption, shareholders requiring assistance
Milestone advances process ahead of the special meeting of Shyft shareholders on June 17, 2025 NOVI, Mich., May 14, 2025 /PRNewswire/ -- The Shyft Group, Inc. (NASDAQ:SHYF) ("Shyft"), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service markets, today announced that (i) the U.S. Securities and Exchange Commission ("SEC") declared effective, as of May 13, 2025, the registration statement on Form S-4 filed by Aebi Schmidt Group ("Aebi Schmidt") and (ii) on May 14, 2025, Shyft filed with the SEC a definitive proxy statement on Form DEFM14A, in each case, in connection with the previously announced proposed merger between Shyf
NOVI, Mich., May 12, 2025 /PRNewswire/ -- The Shyft Group, Inc. (NASDAQ:SHYF) ("Shyft"), the North American leader in specialty vehicle manufacturing, assembly and upfit for the commercial, retail and service specialty vehicle markets, today announced that it has set the date for the special meeting of the shareholders of Shyft (the "Special Meeting") to consider and vote on the proposal to approve the merger agreement (the "Merger Agreement") relating to the previously announced proposed merger (the "Merger") of an indirect, wholly owned subsidiary of Aebi Schmidt Holdings, AG ("Aebi Schmidt") with and into Shyft. The Special Meeting will be held on June 17, 2025 for Shyft shareholders of r
Spartan RV Owners Now Have Access to Expanded Service Support at 148 Rush Truck Centers Locations Across the U.S. and Canada NOVI, Mich., May 7, 2025 /PRNewswire/ -- Spartan® RV Chassis, a go-to-market brand of The Shyft Group (NASDAQ:SHYF), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service markets, today announced a strategic partnership with Rush Truck Centers, North America's largest commercial vehicle dealership network. The collaboration further strengthens Spartan RV Chassis' nationwide support infrastructure, expanding access to expert service and repair capabilities for motorhome owners across the U.S. and Canada
NOVI, Mich., April 30, 2025 /PRNewswire/ -- 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 June 16, 2025 to shareholders of record as of the close of business on May 16, 2025. About The Shyft Group The Shyft Group is the
Sales increased 3.4% year-over-year with notable improvement in profitabilityStrong balance sheet is well-positioned with net leverage ratio less than 2.0xMaintained full-year 2025 outlookMerger integration planning underway with Aebi Schmidt; transaction remains on track to close by mid-2025 NOVI, Mich., April 24, 2025 /PRNewswire/ -- 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 first quarter ended March 31, 2025.
NOVI, Mich., April 18, 2025 /PRNewswire/ -- 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 first quarter 2025 financial results prior to the market opening on Thursday, April 24, 2025. A conference call and webcast will begin at 8:30 A.M. Eastern Time. Teleconference and webcast access:A listen-only presentation, supporting materials, and repl
PHOENIX, April 10, 2025 /PRNewswire/ -- Vantage Mobility ("the Company"), a leading manufacturer of wheelchair accessible vehicles ("WAVs"), announced yesterday the appointment of Daryl Adams as Chief Executive Officer. Mr. Adams brings significant expertise leading specialty vehicle and automotive supply companies to Vantage Mobility and will guide the Company's growth and expansion. Mr. Adams is a respected industry leader with a proven track record of driving transformational growth and sustainable scale at global automotive companies. For over 35 years, he has served in leadership positions at automotive manufacturing businesses and has been responsible for operational improvements, i
The registration statement includes combined company pro forma U.S. GAAP revenues of $1.9 billion and adjusted EBITDA of $148 million in 2024Upon the closing of the proposed merger, the combined company will be named "Aebi Schmidt Group" and listed and traded on Nasdaq under the symbol "AEBI"NOVI, Mich., April 4, 2025 /PRNewswire/ -- The Shyft Group, Inc. (NASDAQ:SHYF) ("Shyft"), the North American leader in specialty vehicle manufacturing, assembly and upfit for the commercial, retail and service specialty vehicle markets announced that Aebi Schmidt Group ("Aebi Schmidt") has filed a registration statement on Form S-4 with the Securities and Exchange Commission ("SEC") relating to their pre
DA Davidson upgraded The Shyft Group from Neutral to Buy and set a new price target of $15.00
DA Davidson upgraded The Shyft Group from Neutral to Buy and set a new price target of $18.00 from $12.00 previously
BTIG Research downgraded The Shyft Group from Buy to Neutral
DA Davidson downgraded The Shyft Group from Buy to Neutral and set a new price target of $16.00 from $32.00 previously
BTIG Research initiated coverage of The Shyft Group with a rating of Buy and set a new price target of $40.00
DA Davidson upgraded The Shyft Group from Neutral to Buy and set a new price target of $38.00 from $32.00 previously
DA Davidson downgraded The Shyft Group from Buy to Neutral
Raymond James upgraded Shyft Group from Outperform to Strong Buy and set a new price target of $57.00
DA Davidson reiterated coverage of Shyft Group with a rating of Buy and set a new price target of $55.00 from $50.00 previously
DA Davidson initiated coverage of Shyft Group with a rating of Buy and set a new price target of $50.00
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TORONTO, May 26, 2025 /CNW/ - Neo Performance Materials Inc. ("Neo" or the "Company") (TSX:NEO) today announced that the Company has filed its management information circular (the "Circular") and related materials for Neo's annual general meeting of shareholders to be held on June 26, 2025 at 4:00 p.m. (Toronto time) at 40 King Street West, Suite 2400, Toronto, Ontario, Canada (the "Meeting"), under Neo's profile on SEDAR+ at www.sedarplus.ca and on the Company's website at www.neomaterials.com. Due to the potential Canadian postal disruption, shareholders requiring assistance
PHOENIX, April 10, 2025 /PRNewswire/ -- Vantage Mobility ("the Company"), a leading manufacturer of wheelchair accessible vehicles ("WAVs"), announced yesterday the appointment of Daryl Adams as Chief Executive Officer. Mr. Adams brings significant expertise leading specialty vehicle and automotive supply companies to Vantage Mobility and will guide the Company's growth and expansion. Mr. Adams is a respected industry leader with a proven track record of driving transformational growth and sustainable scale at global automotive companies. For over 35 years, he has served in leadership positions at automotive manufacturing businesses and has been responsible for operational improvements, i
NOVI, Mich., Dec. 30, 2024 /PRNewswire/ -- 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 the appointment of Scott Ocholik, Vice President, Chief Accounting Officer, and Corporate Controller, as Interim Chief Financial Officer, effective January 1, 2025. "Scott has been a key member of our leadership team, and his financial expertise, operational knowledge, and steady leadership make him well-suite
NORTHVILLE, Mich., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ:THRM), the global market leader of innovative thermal management and pneumatic comfort technologies for the automotive industry and a leader in medical patient temperature management systems, today announced that Jonathan ("Jon") Douyard will join the Company's leadership team as Executive Vice President, Chief Financial Officer and Treasurer, effective January 1, 2025. Douyard will lead all of Gentherm's finance, treasury, investor relations, and IT operations on a global basis, reporting to Gentherm's next President and CEO, Bill Presley. Douyard succeeds Matteo Anversa, who served as CFO until September 2024 when he
NOVI, Mich., July 25, 2024 /PRNewswire/ -- The Shyft Group, Inc. (NASDAQ:SHYF), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service markets, today announced it acquired Independent Truck Upfitters (ITU), a leading service body and work truck upfitter based in the Midwest. "We are thrilled to welcome ITU to the Shyft Group family. ITU's unique products and capabilities are a fantastic complement to our existing portfolio, allowing us to offer even greater value to our collective customers," said John Dunn, Pr
NOVI, Mich., March 06, 2024 (GLOBE NEWSWIRE) -- The Shyft Group, Inc. (NASDAQ:SHYF), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, was selected to join the Ford Pro™ Upfitter program, created to provide a seamless end-to-end experience for mutual customers. This designation underscores Shyft's coast-to-coast footprint and reinforces the importance of the collective expertise of Shyft's diverse brand portfolio, promoting cross-brand synergies that drive specialized, customer-focused solutions. "We are thrilled to be named a Ford Pro Upfitter, which is a natural outcome of our long collabo
NOVI, Mich., Jan. 09, 2024 (GLOBE NEWSWIRE) -- The Shyft Group (NASDAQ:SHYF) ("Shyft" or "the Company"), the North American leader in specialty vehicle manufacturing, announced that it has appointed Jacob Farmer as President of Fleet Vehicles and Services (FVS), effective today, reporting to John Dunn, President and CEO. In his new role, Farmer is responsible for FVS operations and implementing the business's strategic vision. Farmer previously served as President of Shyft's Specialty Vehicles (SV) business. "Since joining Shyft in July 2023, Jacob's strong operational and people leadership has positioned SV for sustained growth and success," said Dunn. "Given near term parcel market ch
NOVI, Mich., July 10, 2023 (GLOBE NEWSWIRE) -- The Shyft Group, Inc. (NASDAQ:SHYF), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, today named Jacob Farmer as President, Specialty Vehicles, effective July 17, 2023. In his new role, Mr. Farmer will be responsible for all aspects of the business, working with his senior leadership team across seven go-to-market brands to guide the strategic vision of the business unit and oversee its implementation to deliver shareholder value. The Specialty Vehicles business segment includes Royal® Truck Body, DuraMag® and Magnum®, Strobes-R-Us, Spartan® RV
Board Initiates CEO Succession Process; Daryl Adams to Step Down as President and CEO Once Successor is Appointed 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 and Daryl Adams have initiated a succession process whereby Mr. Adams will transition from the role of President and CEO once a successor has been appointed. At that time, he will also resign from the Board of Directors and will remain with the Company in an advisory capacity for six months to help ensure a smooth transition
NOVI, Mich., Dec. 14, 2022 (GLOBE NEWSWIRE) -- The Shyft Group, Inc. (NASDAQ:SHYF), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, today named industry veteran John Dunn as President, Fleet Vehicles and Services (FVS), effective in January 2023. In his new role, Mr. Dunn will be responsible for all aspects of the business, working with his senior leadership team to guide the strategic vision of the business unit and overseeing its implementation. "We are pleased to welcome John to The Shyft Group and we're confident that his breadth of leadership experience and ability to successfully
NOVI, Mich., April 30, 2025 /PRNewswire/ -- 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 June 16, 2025 to shareholders of record as of the close of business on May 16, 2025. About The Shyft Group The Shyft Group is the
Sales increased 3.4% year-over-year with notable improvement in profitabilityStrong balance sheet is well-positioned with net leverage ratio less than 2.0xMaintained full-year 2025 outlookMerger integration planning underway with Aebi Schmidt; transaction remains on track to close by mid-2025 NOVI, Mich., April 24, 2025 /PRNewswire/ -- 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 first quarter ended March 31, 2025.
NOVI, Mich., April 18, 2025 /PRNewswire/ -- 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 first quarter 2025 financial results prior to the market opening on Thursday, April 24, 2025. A conference call and webcast will begin at 8:30 A.M. Eastern Time. Teleconference and webcast access:A listen-only presentation, supporting materials, and repl
Delivered double-digit Fleet Vehicles and Services (FVS) margins bolstered by operational improvementsStrong Specialty Vehicles (SV) margins Successfully shipped Blue Arc™ Class 4 EV trucks to FedExProvides full-year 2025 sales outlook of $870 to $970 million, up 17% year-over-year at the midpointEntered into transformative merger agreement with Aebi Schmidt; remains on track to close by mid-2025 NOVI, Mich., Feb. 20, 2025 /PRNewswire/ -- 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 four
NOVI, Mich., Feb. 14, 2025 /PRNewswire/ -- 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 28, 2025 to shareholders of record as of the close of business on February 27, 2025. About The Shyft Group The Shyft Group i
NOVI, Mich., Feb. 7, 2025 /PRNewswire/ -- 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 full-year 2024 financial results prior to the market opening on Thursday, February 20, 2025. A conference call and webcast will begin at 8:30 A.M. Eastern Time. Teleconference and webcast access:A listen-only presentation, supporting mate
Significant Scale in Attractive North American Market with Strong European PresenceHighly Complementary Portfolios Create Opportunities to Better Serve Customers and Drive Competitive Growth Expected to Generate 2024E Pro Forma1 Revenue of ~$1.95 Billion2 and Adjusted EBITDA3 of ~$200 Million+ Including SynergiesDrives Significant Shareholder Value with $25 – $30 Million in Expected Synergies4 by Year 2, EPS Accretion in Year 1 and ROIC Greater than Cost of Capital in Year 3 Post Close Barend Fruithof, Current CEO of Aebi Schmidt, Named President and CEO Elect; James Sharman, Current Chairman of Shyft Board, Named Chairman ElectCombined Company will Trade on NASDAQNOVI, Mich. and FRAUENFEL
NOVI, Mich., Oct. 30, 2024 /PRNewswire/ -- 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 16, 2024 to shareholders of record as of the close of business on November 15, 2024. About The Shyft Group The Shyft Grou
Expanded gross margin to 20.4%, up 210 basis points year-over-yearBlue Arc Class 4 vehicle now in production with first customer deliveries expected in the fourth quarterMaintained full year 2024 adjusted EBITDA outlook of $45 to $50 million; positioned for significant profit growth in 2025NOVI, Mich., Oct. 24, 2024 /PRNewswire/ -- 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 third quarter ending September 30, 2024.
NOVI, Mich., Oct. 10, 2024 /PRNewswire/ -- 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 third quarter 2024 financial results prior to the market opening on Thursday, October 24, 2024. A conference call and webcast will begin at 8:30 A.M. Eastern Time. Teleconference and webcast access:A listen-only presentation, supporting materials, and repl