NASDAQ$SHYF

The Shyft Group Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

The Shyft Group reported a decrease in sales and income from continuing operations, but strategic alignment drove growth in backlog.

The Shyft Group reported a decrease in sales for the fourth quarter of 2020 compared to the fourth quarter of 2019. Income from continuing operations and adjusted EBITDA also decreased. However, the company saw a significant increase in consolidated backlog.

  • Sales decreased by 4.7% to $171.6 million.
  • Income from continuing operations decreased to $8.3 million, or $0.22 per share.
  • Adjusted EBITDA decreased by 32.0% to $16.0 million.
  • Consolidated backlog increased by 42.2% to $478.7 million.

Headline financials

Total Revenue

$172M

Previous: $180M-4.7%
EPS (adj)

$0.27

Previous: $0.47-42.6%
Total Backlog

$479M

No prior period
Capital Expenditures

$6.21M

Previous: $2.53M+145.7%
Free Cash Flow

$37.5M

Previous: $25.4M+47.4%
Net Income

$8.3M

Previous: $14.3M-42.0%
Operating Income

$11.3M

Previous: $14.3M-21.0%
Gross Profit

$35.2M

Previous: $37.4M-5.9%
Cash & Equivalents

$21M

Previous: $0.00
Total Assets

$611M

Previous: $451M+35.6%
Stock-Based Comp

$1.53M

Previous: $1.51M+0.8%

Revenue & EPS history

The Shyft Group · Revenue · Quarterly

$172M

Q4 2020-4.7%vs Q4 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

The Shyft Group · $187M total across 2 segments · Q4 2019

  • Fleet Vehicles & Services
    $121M
  • Specialty Chassis & Vehicles
    $66M

Forward guidance

The company provided guidance for full-year 2021, including revenue to be in the range of $850 to $900 million, net income of $51 to $58 million, adjusted EBITDA of $95 to $105 million, and earnings per share of $1.42 - $1.62.

Tailwinds

  • Revenue to be in the range of $850 to $900 million
  • Net income of $51 to $58 million
  • Adjusted EBITDA of $95 to $105 million
  • Effective tax rate of approximately 26%
  • Earnings per share of $1.42 - $1.62

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 6 quarterly earnings reports

Historical avg

+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

Earnings price reactions
QuarterReport dateReaction (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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