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SHYF Shyft Group Inc

Spartan RV Chassis is a part of The Shyft Group family of brands. The Shyft Group is the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets. Its customers include first-to-last mile delivery companies across vocations, federal, state, and local government entities; the trades; and utility and infrastructure segments. The Shyft Group is organized into two core business units: Shyft Fleet Vehicles & Services and Shyft Specialty Vehicles. Today, its family of brands include Utilimaster, Royal Truck Body, DuraMag and Magnum, Strobes-R-Us, Spartan RV Chassis, Builtmore Contract manufacturing, and corresponding aftermarket provisions. The Shyft Group and its go-to-market brands are well known in their respective industries for quality, durability, and first-to-market innovation. The Company employs approximately 2,900 associates across campuses, and operates facilities in Michigan, Indiana, Maine, Pennsylvania, South Carolina, Florida, Missouri, California, Arizona, Texas, and Saltillo, Mexico. The Company reported sales from continuing operations of $757 million in 2019.

Company profile

Ticker
SHYF
Exchange
NASDAQ
Website
theshyftgroup.com
CEO
Daryl Adams
Employees
Incorporated
Michigan
Location
Michigan
Fiscal year end
Dec 31
Sector
Manufacturing > Heavy Duty Truck Manufacturing
Industry (SIC)
Motor Vehicles & Passenger Car Bodies
Toyota Motor • General Motors • Paccar • Navistar International • XPeng • Li Auto • NIO • WABCO • Motors Liquidation • Federal Signal ...
Former names
SPARTAN MOTORS INC
SEC CIK
0000743238
Corporate docs
IRS number
382078923

SHYF stock data

(
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News

Pro users get this 30m faster
60 Biggest Movers From Yesterday
15 Jun 21
Gainers RAPT Therapeutics, Inc. (NASDAQ: RAPT) shares jumped 115.5% to settle at $40.02 on Monday as the company announced topline results from its Phase 1b trial of RPT193 as monotherapy for moderate-to-severe atopic dermatitis (AD).
10 Industrials Stocks Moving In Monday's Intraday Session
14 Jun 21
Raymond James Maintains Outperform on Shyft Group, Raises Price Target to $45
9 Jun 21
Raymond James analyst Felix Boeschen maintains Shyft Group (NASDAQ:SHYF) with a Outperform and raises the price target from $44 to $45.
The Shyft Group Outlines Plans To Bring To Market An All-Electric Purpose-Built Class 3 Chassis Platform To Serve Medium-Duty Truck Markets
8 Jun 21
Raymond James Maintains Outperform on Shyft Group, Raises Price Target to $44
26 May 21

Press releases

Pro users get this 30m faster
The Shyft Group's Utilimaster To Exhibit Leading Parcel Delivery Vehicles At General Motors' Fleet Solutions Summit And The Contractor Expo
27 Jul 21
NOVI, Mich., July 27, 2021 /PRNewswire/ -- Utilimaster®, a go-to-market brand of The Shyft Group's Fleet Vehicles & Services business unit (NASDAQ:SHYF) ("Shyft" or the "Company"), North
The Shyft Group Conference Call and Webcast of Second Quarter 2021 Results Scheduled for August 5
22 Jul 21
NOVI, Mich., July 22, 2021 /PRNewswire/ -- The Shyft Group, Inc. (NASDAQ:SHYF) ("Shyft" or the "Company"), the North American leader in specialty vehicle manufacturing, assembly, and upfit for
The Shyft Group Enrolls with TiiCKER, a Retail Shareholder Loyalty & Engagement Platform
28 Jun 21
NOVI, Mich., June 28, 2021 /PRNewswire/ -- The Shyft Group, Inc. (NASDAQ:SHYF) (the "Company"), the North American leader in specialty vehicle manufacturing and assembly for the commercial and fleet vehicle
The Shyft Group Advances Electrified Mobility With Plan For Expansive Medium-Duty All-Electric Commercial Vehicle Chassis Platform
8 Jun 21
The Shyft Group to Hold Virtual Analyst and Investor Conference on June 8, 2021
20 May 21

Calendar

6 May 21
3 Aug 21
31 Dec 21

Financial summary

Financial statements Chart SHYF financial data
Quarter (USD)
 Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
 Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 10.05M 10.05M 10.05M 10.05M 10.05M 10.05M
Cash burn (monthly) 3.65M 2.57M (positive/no burn) (positive/no burn) 434.33K (positive/no burn)
Cash used (since last report) 15.08M 10.63M n/a n/a 1.8M n/a
Cash remaining -5.03M -580.38K n/a n/a 8.25M n/a
Runway (months of cash) -1.4 -0.2 n/a n/a 19.0 n/a

Beta Read what these cash burn values mean

Recent insider trades

SHYF insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
21 Jul 21 Mascarenas Paul Anthony Common stock Grant Aquire A No No 37.17 155 5.76K 44,361
15 Jul 21 Daryl M Adams Common Stock Sell Dispose S No Yes 38.3334 15,000 575K 389,237
15 Jun 21 Daryl M Adams Common Stock Sell Dispose S No Yes 37.2316 6,404 238.43K 404,237
15 Jun 21 Daryl M Adams Common Stock Sell Dispose S No Yes 36.738 8,596 315.8K 410,641
11 Jun 21 Guillaume Stephen K Common Stock Sell Dispose S No No 40.6276 2,956 120.1K 50,741
10 Jun 21 Guillaume Stephen K Common Stock Sell Dispose S No No 40.3461 3,000 121.04K 53,697
8 Jun 21 Guillaume Stephen K Common Stock Sell Dispose S No No 41.2628 5,000 206.31K 56,697
Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

SHYF institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
 Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares
 Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
Total put/call ratio – – –
Largest owners
 Shares Value Change
Largest transactions
 Shares Bought/sold Change
Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

?
Competition
Oshkosh • REV
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: assist, Axle, Benchmark, book, broad, buyer, charged, collateralized, combustion, created, cubic, delay, demo, dollar, duty, engine, enhanced, entity, Feb, feedback, feet, fit, forma, ICE, ideal, index, leather, lightweight, lock, Mar, McClellan, medium, newly, November, overnight, Park, plate, powertrain, Premier, pro, radio, Reserve, residual, retirement, SMART, SOFR, Steer, steering, Tag, tread, Treasury, underlying, unpatented, wheel, woodgrain
Removed: accelerating, added, adjustable, advance, adversely, aftermarket, agility, ahead, alliance, assessed, attributable, automotive, bed, beginning, blind, branch, carrying, classification, constituted, criteria, critical, curve, deduction, defer, deferment, designer, develop, direct, displaying, disrupt, distribution, divestiture, drove, dump, emphasizing, employee, employer, EPIC, equal, examine, expand, expose, extended, FASB, favorably, floating, fluctuation, footprint, freezing, fulfill, gauge, harm, impaired, impairment, improvement, indefinite, innovate, install, installer, installment, intended, introduce, issued, largest, life, lived, met, military, minimizing, minimum, model, monitor, Motiv, navigation, negative, observed, patented, payroll, performed, permitted, point, Power, President, producer, projected, public, qualitatively, realignment, reduction, refundable, relating, represented, required, reviewed, revised, revolver, RV, Sacramento, salaried, salary, seller, separately, set, side, simplify, Simplifying, Smeal, spending, spot, stake, strategy, suffer, supplier, supporting, temporary, terminal, Trump, uncertainty, unit, updated, utilization, western, write
From filing 10-Q 2021 Q1

Financial reports

View all
10-Q
2021 Q1
Quarterly report
6 May 21
10-K
2020 FY
Annual report
24 Mar 21
NT 10-K
Notice of late annual filing
17 Mar 21
10-Q
2020 Q3
Quarterly report
5 Nov 20
10-Q
2020 Q2
Quarterly report
6 Aug 20
10-Q
2020 Q1
Quarterly report
7 May 20
10-K
2019 FY
Annual report
16 Mar 20
10-Q
2019 Q3
Quarterly report
12 Nov 19
10-Q
2019 Q2
Quarterly report
1 Aug 19
10-Q
2019 Q1
Quarterly report
2 May 19

Current reports

View all
8-K
Departure of Directors or Certain Officers
27 Jul 21
8-K
Changes in Registrant's Certifying Accountant
28 Jun 21
8-K
The Shyft Group Advances Electrified Mobility with Plan for Expansive Medium-duty All-electric Commercial Vehicle
8 Jun 21
8-K
Submission of Matters to a Vote of Security Holders
20 May 21
8-K
The Shyft Group Posts Strong First Quarter Results
6 May 21
8-K
Shyft Group Reports Fourth Quarter and Full-Year 2020 Results
11 Mar 21
8-K
Departure of Directors or Certain Officers
4 Jan 21
8-K
The Shyft Group Appoints Michael Dinkins
1 Dec 20
8-K
Amendments to Articles of Incorporation or Bylaws
12 Nov 20
8-K
The Shyft Group Posts Strong Third Quarter Results
5 Nov 20

Registration and prospectus

View all
S-8
Registration of securities for employees
15 Apr 21
S-8 POS
Registration of securities for employees (post-effective amendment)
2 Nov 16
S-8
Registration of securities for employees
11 Sep 16
S-8 POS
Registration of securities for employees (post-effective amendment)
16 Jun 13
S-8
Registration of securities for employees
12 Sep 12
S-8
Registration of securities for employees
29 Sep 11
REGDEX
Notice of sale of securities
13 Dec 07
S-8
Registration of securities for employees
23 Aug 07
8-A12B
Registration of securities on exchange
9 Jul 07
S-8
Registration of securities for employees
29 Jun 05

Proxies

View all
DEFA14A
Additional proxy soliciting materials
9 Apr 21
DEF 14A
Definitive proxy
9 Apr 21
DEF 14A
Definitive proxy
10 Apr 20
PRE 14A
Preliminary proxy
31 Mar 20
DEF 14A
Definitive proxy
19 Apr 19
DEF 14A
Definitive proxy
11 Apr 18
DEFA14A
Additional proxy soliciting materials
11 Apr 18
DEF 14A
Definitive proxy
12 Apr 17
DEFA14A
Additional proxy soliciting materials
12 Apr 17
PRE 14A
Preliminary proxy
2 Apr 17

Other

View all
SD
Conflict minerals disclosure
27 May 21
SD
Conflict minerals disclosure
29 May 20
SD
Conflict minerals disclosure
31 May 19
SD
Conflict minerals disclosure
31 May 18
UPLOAD
Letter from SEC
14 Dec 17
CORRESP
Correspondence with SEC
6 Dec 17
UPLOAD
Letter from SEC
13 Nov 17
SD
Conflict minerals disclosure
29 May 17
SD
Conflict minerals disclosure
26 May 16
SD
Conflict minerals disclosure
27 May 15

Ownership

View all
4
SHYFT / PAUL ANTHONY MASCARENAS ownership change
23 Jul 21
4
SHYFT / Daryl M Adams ownership change
16 Jul 21
4
SHYFT / Daryl M Adams ownership change
16 Jun 21
4
SHYFT / STEPHEN K GUILLAUME ownership change
14 Jun 21
4
SHYFT / STEPHEN K GUILLAUME ownership change
10 Jun 21
4
SHYFT / Joshua A Sherbin ownership change
2 Jun 21
3
SHYFT / Joshua A Sherbin ownership change
26 May 21
4
SHYFT / Thomas R Clevinger ownership change
21 May 21
4
SHYFT / RICHARD F DAUCH ownership change
21 May 21
4
SHYFT / MICHAEL DINKINS ownership change
21 May 21

Patents

View all
GRANT
Utility
Keyless access for commercial vehicles
15 Jun 21
A commercial vehicle used for parcel delivery is installed with a control module.
APP
Utility
Cargo Vehicle Automation and Construction Features
6 May 21
An embodiment of the present disclosure provides a delivery vehicle having a driver compartment and a cargo compartment.
GRANT
Utility
Throttle filter system and method
28 Oct 19
A method of filtering a targeted frequency from a pedal input signal is provided.
APP
Utility
Narrow Door Vehicle Sling Bag Track System
16 Oct 19
A cargo vehicle is provided that includes a cargo area with a rail assembly located in the cargo area.
APP
Utility
Ergonomic Scba Holder
16 Oct 19
Embodiments of a storage compartment for self-contained breathing apparatuses (SCBA) are provided.

Transcripts

2020 Q4
Earnings call transcript
11 Mar 21
2020 Q3
Earnings call transcript
8 Nov 20
2020 Q2
Earnings call transcript
9 Aug 20

Reddit threads

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