The Shyft Group
OverviewSuggest Edit
The Shyft Group (formerly known as Spartan Motors) is a company that is engaged in specialty vehicle manufacturing and assembly for the commercial vehicle 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, luxury 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 | |
| Founded | 1975 | |
| HQ | Novi, MI, US | Map |
| Website | theshyftgroup.com | |
| Employee Ratings | More | |
| Overall Culture | B- | More |
Key People/Management at The Shyft Group
Daryl Adams
President and Chief Executive Officer
Andy Anderson
Chief Information Officer
Todd Heavin
Chief Operating Officer
Jonathan Douyard
Chief Financial Officer
Joshua Sherbin
Chief Legal Officer and Chief Compliance Officer
Colin Hindman
Chief Human Resources Officer
The Shyft Group Office Locations
The Shyft Group has offices in Novi and Charlotte
Novi, MI, US (HQ)
41280 Bridge St
Charlotte, MI, US
1000 Reynolds Rd
The Shyft Group Financials and Metrics
The Shyft Group Revenue
The Shyft Group's revenue was reported to be $991.79 m in FY, 2021
| USD | |
|---|---|
Revenue (Q1, 2022) | 206.9m |
Gross profit (Q1, 2022) | 25.9m |
Gross profit margin (Q1, 2022), % | 12.5% |
Net income (Q1, 2022) | (3.9m) |
EBIT (Q1, 2022) | (5.5m) |
Market capitalization (13-May-2022) | 805.2m |
Closing stock price (13-May-2022) | 22.8 |
Cash (31-Mar-2022) | 3.7m |
EV | 903.5m |
The Shyft Group's current market capitalization is $805.2 m.
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 172.2m | 179.7m | 224.7m | 176.9m | 124.0m | 203.5m | 197.9m | 244.0m | 272.6m | 206.9m |
Cost of goods sold | 151.5m | 158.8m | 186.7m | 140.6m | 100.0m | 152.7m | 157.9m | 192.1m | 216.6m | 181.0m |
Gross profit | 20.7m | 20.9m | 38.0m | 36.3m | 24.0m | 50.8m | 40.0m | 51.9m | 56.1m | 25.9m |
Gross profit Margin, % | 12% | 12% | 17% | 21% | 19% | 25% | 20% | 21% | 21% | 13% |
Annual
Annual
| USD | FY, 2018 |
|---|---|
Revenue/Employee | 271.0k |
P/E Ratio | 16.8 |
The Shyft Group Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| The Shyft Group DuraMag LLC | October 01, 2020 | $17.3 m |
| Fortress Resources, LLC | September 09, 2019 | $89.22 m |
| Strobes-R-Us | December 17, 2018 | |
| Smeal Fire Apparatus | January 03, 2017 | |
| Royal at McClellan Park LLC | ||
| The Shyft Group GTB, LLC | ||
| The Shyft Group Upfit Services, Inc. | ||
| The Shyft Group USA, Inc. | ||
| Utilimaster Services, LLC |
The Shyft Group Revenue Breakdown
The Shyft Group revenue breakdown by business segment: 66.5% from Fleet Vehicles and Services and 33.5% from Specialty Chassis and Vehicles
The Shyft Group revenue breakdown by geographic segment: 98.8% from United States and 1.2% from Other
The Shyft Group Cybersecurity Score
The Shyft Group Environment, Social & Governance (ESG) Ratings
The Shyft Group Online and Social Media Presence
715 Twitter followers
The Shyft Group has 715 Twitter Followers. The number of followers has increased 0.2% month over month and increased 3.2% quarter over quarter
The Shyft Group's Trends
Twitter Engagement Stats for @theshyftgroup
665
Tweets
57
Following
715
Followers
5
Tweets last 30 days
1
Avg. likes per Tweet
100%
Tweets with engagement
The Shyft Group Company Culture
Overall Culture
B-
68/100
CEO Rating
A+
87/100
Compensation
C
63/100
Diversity
C+
68/100
The Shyft Group News and Updates
May 05, 2022
The Shyft Group Heads West to ACT Expo 2022 With Blue Arc EV Solutions
Leader in chassis and body building helps meet last-mile delivery needs and ESG goals with new commercial-grade EV ecosystem Leader in chassis and body building helps meet last-mile delivery needs and ESG goals with new commercial-grade EV ecosystem
April 28, 2022
The Shyft Group Posts First Quarter 2022 Results
Reports Sales of $207 Million; EPS of ($0.11) and Adjusted EPS of ($0.06)
October 31, 2019
Spartan Motors Reports Strong Third Quarter 2019 Results
CHARLOTTE, Mich., Oct. 31, 2019 /PRNewswire/ -- Spartan Motors, Inc. (NASDAQ: SPAR) ("Spartan" or the "Company"), the North American leader in specialty vehicle manufacturing and assembly for the commercial and retail vehicle industries (including last mile delivery, specialty service and...
September 23, 2019
Spartan Motors Announces CFO Transition
CHARLOTTE, Mich., Sept. 23, 2019 /PRNewswire/ -- Spartan Motors, Inc. (NASDAQ: SPAR) ("Spartan" or the "Company"), the North American leader in specialty vehicle manufacturing and assembly for the commercial and retail vehicle industries (including last-mile delivery, specialty vehicles,...
September 10, 2019
Spartan Motors Acquires Royal Truck Body
CHARLOTTE, Mich., Sept. 10, 2019 /PRNewswire/ -- Spartan Motors, Inc. (NASDAQ: SPAR) ("Spartan" or the "Company"), the North American leader in specialty vehicle manufacturing and assembly for the commercial and retail vehicle industries (including last-mile delivery, specialty vehicles,...
August 26, 2019
Spartan Motors to Attend the Seaport Global Energy & Industrials Conference on August 28
CHARLOTTE, Mich., Aug. 26, 2019 /PRNewswire/ -- Spartan Motors, Inc. (NASDAQ: SPAR) ("Spartan" or the "Company"), the North American leader in specialty vehicle manufacturing and assembly for the commercial and retail vehicle industries (including last mile delivery, specialty service and...
The Shyft Group Blogs
February 08, 2022
The Shyft Group to Debut Last-Mile Electric Delivery Vehicle at NTEA Work Truck Week
Leader in last-mile fleets to introduce road-ready, full vehicle solution deployable in 2023 Supporting EV transition with fully portable power cube tailored for customer needs Leveraging existing infrastructure for manufacturing and service enables speed to market and scale NOVI, Mich. , Feb.
The p…
January 26, 2022
The Shyft Group Board Member Michael Dinkins Honored by Savoy Magazine
Dinkins, a board member since 2020, was named one of the most influential Black corporate directors for his exceptional, multi-industry financial expertise. NOVI, Mich. , Jan. 26, 2022 /PRNewswire/ -- The Shyft Group (NASDAQ: SHYF), the North American leader in specialty vehicle manufacturing,
The p…
January 14, 2022
Spartan RV Chassis Parts & Accessories Launches One-Touch Automatic Leveling System at the 2022 Florida RV SuperShow
Leading-edge technology provides stress-free air leveling NOVI, Mich. , Jan. 14, 2022 /PRNewswire/ -- Spartan RV Chassis , a go-to-market brand of The Shyft Group (NASDAQ: SHYF), will exhibit at the 2022 Florida RV SuperShow and introduce for the first time its Red Diamond™ Leveling System, an
The …
December 22, 2021
THE SHYFT GROUP’S UTILIMASTER UPFITS FORD PRO ALL-ELECTRIC E-TRANSIT CUSTOMER PILOT VEHICLES
The collaboration reaffirms Utilimaster as a leading body provider to the growing electric fleet vehicle market NOVI, Mich. , Dec. 22, 2021 /PRNewswire/ -- Utilimaster , a go-to-market brand of The Shyft Group's Fleet Vehicles & Services business unit (NASDAQ: SHYF) (" Shyft " or the "Company"…
October 26, 2021
The Shyft Group’s Utilimaster Secures $53 Million Add-On Truck Body Contract From United States Postal Service
USPS places order for over 400 Utilimaster dry freight truck bodies to be used for heavy bulk mail delivery NOVI, Mich. , Oct. 26, 2021 /PRNewswire/ -- Utilimaster® has been awarded a $53 million contract from the United States Postal Service (USPS) for 447 Utilimaster truck bodies to be used for
Th…
October 21, 2021
The Shyft Group Conference Call And Webcast Of Third Quarter 2021 Results Scheduled For November 4
NOVI, Mich. , Oct. 21, 2021 /PRNewswire/ -- The Shyft Group, Inc. (NASDAQ: SHYF) (" Shyft " or the "Company"), the North American leader in specialty vehicle manufacturing, assembly, and upfit for ecommerce-driven parcel delivery, as well as the broader commercial, retail, and service specialty
Th…
The Shyft Group Frequently Asked Questions
When was The Shyft Group founded?
The Shyft Group was founded in 1975.
Who are The Shyft Group key executives?
The Shyft Group's key executives are Daryl Adams, Andy Anderson and Todd Heavin.
How many employees does The Shyft Group have?
The Shyft Group has 3,000 employees.
What is The Shyft Group revenue?
Latest The Shyft Group annual revenue is $991.8 m.
What is The Shyft Group revenue per employee?
Latest The Shyft Group revenue per employee is $330.6 k.
Who are The Shyft Group competitors?
Competitors of The Shyft Group include Altra Industrial Motion, Flex-N-Gate and REV Group.
Where is The Shyft Group headquarters?
The Shyft Group headquarters is located at 41280 Bridge St, Novi.
Where are The Shyft Group offices?
The Shyft Group has offices in Novi and Charlotte.
How many offices does The Shyft Group have?
The Shyft Group has 2 offices.
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