NASDAQ$SHYF
The Shyft Group Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
The Shyft Group reported a decrease in sales due to the COVID-19 pandemic, but gross profit margin improved driven by product mix and cost efficiencies.
The Shyft Group reported a decrease in sales by 31.0% due to COVID-19 impacts, but improved gross profit margin by 780 basis points. The company generated $5.4 million in cash from operating activities and maintained a strong liquidity position of $114.5 million. The company transitioned its corporate brand from Spartan Motors to The Shyft Group.
- Sales decreased by 31.0% due to COVID-19 impacts and supply chain disruptions.
- Gross profit margin improved by 780 basis points due to product mix and cost efficiencies.
- Adjusted EBITDA decreased by 4.2% despite the negative impacts of COVID-19.
- Consolidated backlog increased by 22.2% year-over-year, reflecting strong demand.
Headline financials
Revenue & EPS history
The Shyft Group · Revenue · Quarterly
$124M
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 Shyft Group expects to deliver third quarter revenues in the range of $180.0 to $200.0 million, adjusted EBITDA of $20.0 to $23.0 million, and adjusted EPS of $0.36 to $0.42.
Tailwinds
- Improvement in production throughout the quarter.
- Manufacturing in 95% of its facilities at full or modified production levels.
- Observed improvement in OEM chassis and component supply in recent weeks.
- Strong backlog position.
- Improving conditions in the short term.
Headwinds
- Further pandemic related issues.
- Longer-term uncertainty.
- Implications of COVID-19 on its business.
- Supply chain recovery taking longer than anticipated.
- Chassis and key component shortages resulting from the pandemic.
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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