Craft

The Shyft Group

Stock Price

$12.9

2024-10-28

Market Capitalization

$445 M

2024-10-28

Revenue

$786.2 M

FY, 2024

The Shyft Group Summary

Company Summary

Overview
The Shyft Group (formerly known as Spartan Motors) is a company that is engaged in specialty vehicle manufacturing and assembly for the commercial and recreational vehicle industries. It operates through two business segments: Fleet Vehicles and Services (FVS) and Specialty Vehicles (SV). Its products include walk-in vans and truck bodies used in e-commerce/parcel delivery, upfit equipment used in the mobile retail and utility trades, service and vocational truck bodies, Class A diesel motorhome chassis, and contract manufacturing and assembly services. The company also supplies replacement parts and offers repair, maintenance, field service, and refurbishment services for the vehicles that it manufactures and assembles.
Type
Public
Status
Active
Founded
1975
HQ
Novi, MI, US | view all locations
Website
https://theshyftgroup.com/
Cybersecurity rating
ESG rating
30-39 out of 100|View all ESG data
Sectors

Key People

Operating MetricsView all

Backlog (Specialty Chassis and Vehicles)

$104.1M
102.9%

FY, 2021

Backlog

$963.6M
101.3%

FY, 2021

Backlog (Fleet Vehicles and Services)

$421.5M
1.4%

FY, 2021

LocationsView all

23 locations detected

  • Novi, MI HQ

    United States

    41280 Bridge St

  • Bristol, IN

    United States

    1650 Commerce Dr

  • Bristol, IN

    United States

    603 Earthway Blvd

  • Carson, CA

    United States

    24200 S Main St

  • Charlotte, MI

    United States

    1000 Reynolds Rd

  • Charlotte, MI

    United States

    1023 Reynolds Rd

and 17 others

The Shyft Group Financials

Summary Financials

Revenue (Q1, 2025)
$204.6M
Gross profit (Q1, 2025)
$40.3M
Net income (Q1, 2025)
($1.4M)
Cash (Q1, 2025)
$16.2M
EBIT (Q1, 2025)
$1.7M
Enterprise value
$620.9M

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