The Shyft Group: Q3 Earnings Snapshot

NOVI, Mich. (AP) _ The Shyft Group, Inc. (SHYF) on Thursday reported third-quarter net income of $17.3 million. On a per-share basis, the Novi, Mic...

October 28, 2022
2:20 AM

NOVI, Mich. (AP) _ The Shyft Group, Inc. (SHYF) on Thursday reported third-quarter net income of $17.3 million. On a per-share basis, the Novi, Michigan-based company said it had net income of 49 cents. Earnings, adjusted for stock option expense and pretax expenses, were 53 cents per share. The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share. The maker of chassis for Last Mile Delivery, RVs and other vehicles posted revenue of $286.