NASDAQ$SHYF
The Shyft Group Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported sales of $207 million and EPS of ($0.11), with adjusted EPS of ($0.06).
The Shyft Group reported first quarter sales of $206.9 million, a 4.5% increase compared to the previous year. The company experienced a loss from continuing operations of ($3.9 million), or ($0.11) per share, and an adjusted net loss of ($2.1) million, or $(0.06) per share. Consolidated backlog reached a record $1.3 billion, up 91.0% from the previous year.
- Sales increased by 4.5% to $206.9 million.
- Loss from continuing operations was ($3.9 million), or ($0.11) per share.
- Adjusted EBITDA was ($0.6 million), or (0.3%) of sales.
- Consolidated backlog totaled a record $1.3 billion, up 91.0%.
Headline financials
Revenue & EPS history
The Shyft Group · Revenue · Quarterly
$207M
Revenue by segment
The Shyft Group · $187M total across 2 segments · Q4 2019
- Fleet Vehicles & Services$121M—64.8%
- Specialty Chassis & Vehicles$66M—35.2%
Forward guidance
The company updated its full-year 2022 guidance, anticipating continued industry-wide challenges related to chassis and supply chain issues. Revenue is expected to be in the range of $900 to $1,100 million, with adjusted EBITDA of $50 to $80 million, including ($30 million) of expenses related to EV development. Income from continuing operations is projected to be $18 to $41 million, with earnings per share of $0.49 to $1.15 and adjusted earnings per share of $0.75 to $1.41.
Tailwinds
- Committed to innovation and meeting the evolving needs of our customers.
- Launched a number of exciting new products in the quarter.
- Continue to invest to drive operational productivity and develop new markets, including commercial EVs.
- The long-term outlook for the Company remains positive
- Leverage our strong balance sheet to invest in our future.
Headwinds
- Chassis delays and other supply chain issues accelerated in March, adversely impacting our performance in the month.
- Industry-wide challenges will continue in the near term.
- EV development costs of $30 million will impact Adjusted EBITDA.
- Revenue to be in the range of $900 to $1,100 million
- Adjusted EBITDA of $50 to $80 million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 6 quarterly earnings reports
+1.8%
Avg return
Earnings day
+5.6%
Avg return
5 days after
+9.1%
Avg return
30 days after
61%
38 / 62 earnings
Positive
+28.0%
Q1 2020
Best reaction
-33.6%
Q3 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| Q1 2025 | +4.6% | +0.0% | +19.9% | |
| Q4 2025 | -1.0% | -14.6% | -28.4% | |
| Q3 2024 | +4.3% | +11.8% | +17.8% | |
| Q2 2024 | +18.5% | +42.2% | +21.8% | |
| Q1 2024 | +4.8% | +1.3% | +17.6% | |
| Q4 2023 | +2.8% | -7.2% | +5.8% | |
| Q3 2023 | -5.9% | — | — | |
| Q2 2023 | -28.5% | — | — | |
| Q1 2023 | +6.4% | — | — | |
| Q4 2022 | -15.4% | — | — | |
| Q3 2022 | +2.9% | — | — | |
| Q2 2022 | +12.8% | — | — | |
| Q1 2022 | -9.7% | — | — | |
| Q4 2021 | -3.4% | — | — | |
| Q3 2021 | +18.5% | — | — | |
| Q2 2021 | +3.9% | — | — | |
| Q1 2021 | +7.7% | — | — | |
| Q4 2020 | +18.7% | — | — | |
| Q3 2020 | +4.0% | — | — | |
| Q2 2020 | +1.3% | — | — | |
| Q1 2020 | +28.0% | — | — | |
| Q4 2019 | +2.8% | — | — | |
| Q3 2019 | +16.0% | — | — | |
| Q2 2019 | +8.3% | — | — | |
| Q1 2019 | +0.4% | — | — | |
| Q4 2018 | +4.9% | — | — | |
| Q3 2018 | -33.6% | — | — | |
| Q2 2018 | +7.3% | — | — | |
| Q1 2018 | -6.8% | — | — | |
| Q4 2017 | +13.2% | — | — | |
| Q3 2017 | -5.6% | — | — | |
| Q2 2017 | +4.0% | — | — | |
| Q1 2017 | +4.1% | — | — | |
| Q4 2016 | -15.1% | — | — | |
| Q3 2016 | +3.2% | — | — | |
| Q2 2016 | +4.1% | — | — | |
| Q1 2016 | +13.4% | — | — | |
| Q4 2015 | +21.0% | — | — | |
| Q3 2015 | -1.2% | — | — | |
| Q2 2015 | +6.1% | — | — | |
| Q1 2015 | -6.4% | — | — | |
| Q4 2014 | -1.1% | — | — | |
| Q3 2014 | +12.5% | — | — | |
| Q2 2014 | +3.0% | — | — | |
| Q1 2014 | -6.0% | — | — | |
| Q4 2013 | -3.7% | — | — | |
| Q3 2013 | -1.9% | — | — | |
| Q2 2013 | -1.8% | — | — | |
| Q1 2013 | +3.9% | — | — | |
| Q4 2012 | -4.3% | — | — | |
| Q3 2012 | -2.1% | — | — | |
| Q2 2012 | +6.6% | — | — | |
| Q1 2011 | -0.2% | — | — | |
| Q1 2012 | +1.1% | — | — | |
| Q4 2009 | -1.4% | — | — | |
| Q4 2011 | -1.4% | — | — | |
| Q3 2010 | -6.5% | — | — | |
| Q3 2011 | -6.5% | — | — | |
| Q2 2010 | +2.0% | — | — | |
| Q2 2011 | +2.0% | — | — | |
| Q4 2010 | +2.0% | — | — | |
| Q1 2010 | +2.0% | — | — |
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