The Shyft Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	2,353	2,396	2,365	2,143	1,673	1,273
Revenue Growth (YoY)	-2.34%	1.31%	10.37%	28.07%	31.42%	19.68%
Cost of Revenue	1,098	1,094	1,031	1,007	828.28	664.56
Gross Profit	1,254	1,302	1,334	1,135	844.7	608.43
Selling, General & Admin	543.43	580.13	583.47	552.01	452	321.8
Other Operating Expenses	28.69	29.79	17.37	24.52	27.89	12.4
Operating Expenses	666.22	692.75	673.76	638.91	541.66	369.38
Operating Income	588.05	609.09	660.11	496.57	303.04	239.05
Interest Expense	-232.62	-227.31	-205.04	-146.28	-116.36	-119.32
Currency Exchange Gain (Loss)	-0.7	-0.59	-6.75	-0.89	-0.43	0.26
Other Non Operating Income (Expenses)	-	-	-	-	-26.6	3.46
EBT Excluding Unusual Items	354.73	381.19	448.32	349.41	159.66	123.45
Merger & Restructuring Charges	-48.9	-59.13	-12.63	-15.4	-28.41	-91.64
Gain (Loss) on Sale of Assets	27.09	27.09	32.72	31.2	26.18	14.12
Asset Writedown	-	-132.54	-	-	-	-
Other Unusual Items	-180	-180	-	-	-6	-42.4
Pretax Income	152.91	36.6	468.42	365.2	151.42	3.53
Income Tax Expense	43.18	8.48	126.58	88.86	36.53	-56.04
Earnings From Continuing Operations	109.73	28.13	341.84	276.34	114.9	59.57
Earnings From Discontinued Operations	-	-	134.61	63.2	45.25	15.77
Net Income to Company	109.73	28.13	476.46	339.54	160.14	75.34
Minority Interest in Earnings	-	-	-	-	-	-1.21
Net Income	109.73	28.13	476.46	339.54	160.14	74.13
Net Income to Common	109.73	28.13	476.46	339.54	160.14	74.13
Net Income Growth	-41.39%	-94.10%	40.32%	112.02%	116.04%	-
Shares Outstanding (Basic)	185	188	199	217	227	169
Shares Outstanding (Diluted)	186	190	202	221	233	177
Shares Change (YoY)	-3.95%	-5.73%	-8.83%	-4.90%	31.32%	63.10%
EPS (Basic)	0.59	0.15	2.40	1.57	0.71	0.44
EPS (Diluted)	0.59	0.15	2.36	1.54	0.68	0.25
EPS Growth	-39.59%	-93.66%	53.50%	124.36%	178.23%	-
Free Cash Flow	335.32	326.35	563.32	328.56	286.12	154.92
Free Cash Flow Per Share	1.80	1.72	2.79	1.48	1.23	0.87
Gross Margin	53.31%	54.34%	56.41%	53.00%	50.49%	47.80%
Operating Margin	25.00%	25.42%	27.91%	23.18%	18.11%	18.78%
Profit Margin	4.66%	1.17%	20.15%	15.85%	9.57%	5.82%
Free Cash Flow Margin	14.25%	13.62%	23.82%	15.33%	17.10%	12.17%
EBITDA	682.15	691.92	733.04	558.95	367.45	293.81
EBITDA Margin	29.00%	28.88%	31.00%	26.09%	21.96%	23.08%
D&A For EBITDA	94.1	82.83	72.92	62.38	64.41	54.76
EBIT	588.05	609.09	660.11	496.57	303.04	239.05
EBIT Margin	25.00%	25.42%	27.91%	23.18%	18.11%	18.78%
Effective Tax Rate	28.24%	23.15%	27.02%	24.33%	24.12%	-
Revenue as Reported	2,353	2,396	2,365	2,143	1,673	1,273
Advertising Expenses	-	15.9	10.5	8.5	7.6	7

Source: S&P Global Market Intelligence. Standard template. Financial Sources.