Shyft Group Shares Climb After Narrowing 1Q Loss, Posting Higher Sales

Dow Jones

25 Apr

By Connor Hart

Shares of Shyft Group rose after the company reported what Chief Executive John Dunn called better-than-expected first-quarter results.

The stock climbed 15%, to $8.40, on Thursday. Shares have lost more than one- fourth of their value in the past year.

The Novi, Mich., specialty-vehicle manufacturer posted a net loss of $1.4 million, or 4 cents a share, compared with a loss of $4.7 million, or 14 cents a share, a year earlier.

Adjusted per-share earnings came in at 7 cents. Analysts polled by FactSet expected an adjusted per-share loss of 10 cents.

Revenue increased 3.4% to $204.6 million, ahead of the $199 million that analysts modeled.

Dunn attributed the narrowed loss and higher revenue in part to the execution of the company's commercial growth initiatives.

Looking forward, he said the company aims to continue capturing market share.

Dunn added that Shyft's pending merger with Aebi Schmidt Group, which was disclosed in December and is expected to close midyear, would help accelerate this goal.

Shyft maintained its outlook for 2025, forecasting adjusted per-share earnings of 69 cents to 92 cents on sales of $870 million to $970 million. Wall Street expects adjusted earnings of 78 cents a share on sales of $886.6 million.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

April 24, 2025 12:47 ET (16:47 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Shares have lost more than one- fourth of their value in the past year. \n</p>\n<p>\n  The Novi, Mich., specialty-vehicle manufacturer posted a net loss of $1.4 million, or 4 cents a share, compared with a loss of $4.7 million, or 14 cents a share, a year earlier. \n</p>\n<p>\n  Adjusted per-share earnings came in at 7 cents. 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Wall Street expects adjusted earnings of 78 cents a share on sales of $886.6 million. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Connor Hart at connor.hart@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 24, 2025 12:47 ET (16:47 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SHYF","symbol_name":"The Shyft Group, Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2530957231","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2530957231","pubTimestamp":1745513220,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Shyft Group rose after the company reported what Chief Executive John Dunn called better-than-expected first-quarter results.The stock climbed 15%, to $8.40, on Thursday. 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Analysts polled by FactSet expected an adjusted per-share loss of 10 cents.Revenue increased 3.4% to $204.6 million, ahead of the $199 million that analysts modeled.Dunn attributed the narrowed loss and higher revenue in part to the execution of the company's commercial growth initiatives.Dunn added that Shyft's pending merger with Aebi Schmidt Group, which was disclosed in December and is expected to close midyear, would help accelerate this goal.Shyft maintained its outlook for 2025, forecasting adjusted per-share e","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SHYF":"The Shyft Group, Inc."},"translate_title":"Shyft Group股价在第一季度亏损收窄、销售额增加后上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SHYF":0.9},"content_text":"By Connor Hart \n\n\n \n\n\n  Shares of Shyft Group rose after the company reported what Chief Executive John Dunn called better-than-expected first-quarter results. \n\n\n  The stock climbed 15%, to $8.40, on Thursday. Shares have lost more than one- fourth of their value in the past year. \n\n\n  The Novi, Mich., specialty-vehicle manufacturer posted a net loss of $1.4 million, or 4 cents a share, compared with a loss of $4.7 million, or 14 cents a share, a year earlier. \n\n\n  Adjusted per-share earnings came in at 7 cents. Analysts polled by FactSet expected an adjusted per-share loss of 10 cents. \n\n\n  Revenue increased 3.4% to $204.6 million, ahead of the $199 million that analysts modeled. \n\n\n  Dunn attributed the narrowed loss and higher revenue in part to the execution of the company's commercial growth initiatives. \n\n\n  Looking forward, he said the company aims to continue capturing market share. \n\n\n  Dunn added that Shyft's pending merger with Aebi Schmidt Group, which was disclosed in December and is expected to close midyear, would help accelerate this goal. \n\n\n  Shyft maintained its outlook for 2025, forecasting adjusted per-share earnings of 69 cents to 92 cents on sales of $870 million to $970 million. Wall Street expects adjusted earnings of 78 cents a share on sales of $886.6 million. \n\n\n \n\n\n  Write to Connor Hart at connor.hart@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 24, 2025 12:47 ET (16:47 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}