Earnings Call Summary | Shyft Group(SHYF.US) Q1 2024 Earnings Conference
Earnings Call Summary | Shyft Group(SHYF.US) Q1 2024 Earnings Conference
The following is a summary of the The Shyft Group, Inc. (SHYF) Q1 2024 Earnings Call Transcript:
Financial Performance:
The Shyft Group's Q1 2024 sales totaled $197.9 million, representing an 18.7% decrease from $243.4 million in Q1 2023.
The company posted a net loss of $4.7 million, or $0.14 per share, compared to a net income of $1.7 million, or $0.05 per share in the same period of the previous year.
Adjusted EBITDA stood at $6.1 million, or 3.1% of sales, a decrease compared to $10.8 million, or 4.4% of sales for the same period in 2023.
Business Progress:
The Parcel Delivery team reported the highest order level in nearly two years, signalling strong commercial progress.
The Shyft Group introduced a framework for driving operational excellence and increasing shareholder value, including building high-performance teams, delivering operational excellence, and keeping customers at the center of each activity.
Focusing on the company's electric vehicle initiative, the development of the Blue Arc EV walk-in van is on track for a market release later in 2024.
Looking ahead to 2024, the company expects sales in the range of $850 million to $900 million, with an expected adjusted EBITDA of $40 million to $50 million.
More details: Shyft Group IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
The following is a summary of the The Shyft Group, Inc. (SHYF) Q1 2024 Earnings Call Transcript:
以下是Shyft集團公司(SHYF)2024年第一季度業績電話會議記錄的摘要:
Financial Performance:
財務業績:
The Shyft Group's Q1 2024 sales totaled $197.9 million, representing an 18.7% decrease from $243.4 million in Q1 2023.
The company posted a net loss of $4.7 million, or $0.14 per share, compared to a net income of $1.7 million, or $0.05 per share in the same period of the previous year.
Adjusted EBITDA stood at $6.1 million, or 3.1% of sales, a decrease compared to $10.8 million, or 4.4% of sales for the same period in 2023.
Shyft 集團2024年第一季度的總銷售額爲1.979億美元,較2023年第一季度的2.434億美元下降了18.7%。
該公司公佈的淨虧損爲470萬美元,合每股虧損0.14美元,而去年同期的淨收益爲170萬美元,合每股虧損0.05美元。
調整後的息稅折舊攤銷前利潤爲610萬美元,佔銷售額的3.1%,與2023年同期1,080萬美元相比有所下降,佔銷售額的4.4%。
Business Progress:
業務進展:
The Parcel Delivery team reported the highest order level in nearly two years, signalling strong commercial progress.
The Shyft Group introduced a framework for driving operational excellence and increasing shareholder value, including building high-performance teams, delivering operational excellence, and keeping customers at the center of each activity.
Focusing on the company's electric vehicle initiative, the development of the Blue Arc EV walk-in van is on track for a market release later in 2024.
Looking ahead to 2024, the company expects sales in the range of $850 million to $900 million, with an expected adjusted EBITDA of $40 million to $50 million.
包裹交付團隊報告了近兩年來的最高訂單量,這表明商業取得了強勁的進展。
Shyft 集團引入了推動卓越運營和增加股東價值的框架,包括建立高績效團隊、實現卓越運營以及將客戶置於每項活動的中心。
專注於公司的電動汽車計劃,Blue Arc EV步入式貨車的開發有望在2024年晚些時候上市。
展望2024年,該公司預計銷售額在8.5億美元至9億美元之間,調整後的息稅折舊攤銷前利潤預計爲4000萬至5000萬美元。
More details: Shyft Group IR
更多詳情: Shyft 集團投資者關係
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:欲了解更多詳情,請訪問投資者關係網站。本文僅供投資者參考,不構成任何投資建議。
譯文內容由第三人軟體翻譯。
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