Shyft Group

SHYF · NASDAQ

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About SHYF

The Shyft Group, Inc. is engaged in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets. The company is headquartered in Novi, Michigan and currently employs 2,900 full-time employees. Its customers include first-to-last mile delivery companies across vocations, federal, state, and local government entities; the trade; and utility and infrastructure segments. Its segments include Fleet Vehicles and Services (FVS) and Specialty Vehicles (SV). The FVS segment manufactures commercial vehicles used in the e-commerce/last mile/parcel delivery, beverage and grocery delivery, laundry and linen, mobile retail, and trade and construction industries. The SV segment includes a portfolio of businesses that provide service bodies, RV chassis, vocational upfit and contract manufacturing products and services. Its product offerings include walk-in vans, truck bodies, and cargo van and pick-up truck upfits designed for e-commerce and parcel delivery, as well as upfit equipment tailored for the mobile retail and utility trades.

Employees
2,555
Headquarters
Novi, Michigan
Listed
Jun 19, 1984
Sector
Industrials
Industry
Machinery

Leadership

Shyft Group executives
NameTitle
Scott Ocholik—
Jacob Farmer—

Revenue by product and region

Fiscal year ended Dec 31, 2023: $872.20M total revenue

By product

  • Fleet Vehicle Sales [Member]$487.07M55.8%
  • Other Specialty Vehicles [Member]$205.25M23.5%
  • Motorhome Chassis [Member]$104.88M12.0%
  • Aftermarket Parts and Accessories Sales [Member]$74.99M8.6%

Suppliers and customers

Price correlation is over one year: 1 means the stocks move together, -1 opposite

Shyft Group suppliers and customers
CompanyRelationshipCorrelation
Ford Motor FSupplier and customer0.56
Patrick Industries PATKSupplier0.50
Amazon.com AMZNCustomer0.44
Thor Industries THOCustomer0.39
Allison Transmiss Hldgs ALSNSupplier-0.22
United StatesCustomer—

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