NASDAQ$SHYF

The Shyft Group Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

The Shyft Group reported record full year EPS and adjusted EPS on sales.

The Shyft Group reported a strong fourth quarter and full-year 2021, with record financial results and returns for shareholders. Sales increased by 61.6% compared to the fourth quarter of 2020, and the company navigated industry-wide challenges with customer-focused solutions.

  • Sales of $277.3 million, an increase of $105.7 million, or 61.6%, from $171.6 million.
  • Income from continuing operations of $20.5 million, or $0.56 per share, compared to $8.3 million, or $0.22 per share.
  • Adjusted EBITDA of $26.6 million, or 9.6% of sales, from $16.0 million, or 9.3% of sales.
  • Adjusted net income of $20.2 million, or $0.56 per share, compared to $10.1 million, or $0.27 per share.

Headline financials

Total Revenue

$277M

Previous: $172M+61.6%
EPS (adj)

$0.56

Previous: $0.27+107.4%
Capital Expenditures

$4.76M

Previous: $6.21M-23.3%
Free Cash Flow

$26.9M

Previous: $37.5M-28.2%
Net Income

$20.5M

Previous: $8.3M+146.9%
Operating Income

$22.1M

Previous: $11.3M+95.3%
Gross Profit

$95M

Previous: $35.2M+169.8%
Cash & Equivalents

$37.2M

Previous: $21M+76.9%
Total Assets

$448M

Previous: $611M-26.7%
Stock-Based Comp

$2.17M

Previous: $1.53M+42.5%

Revenue & EPS history

The Shyft Group · Revenue · Quarterly

$277M

Q4 2021+61.6%vs Q4 2020
Beat estimate in 9 of 15 quarters(60%)
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’s 2022 guidance, notwithstanding further supply chain related deterioration, is as follows: Assumes weighted average diluted shares outstanding of approximately 36.1 million and approximately $35 million for capital expenditures, including a $10 - $15 million investment in EV development.

Headwinds

  • Supply chain challenges are expected to continue during the first half of the year.
  • The company remains cautious regarding its near-term outlook, particularly as it pertains to first quarter.

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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro