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	Mar '25 Mar 31, 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	792.89	786.18	872.2	1,027	991.79	675.97
Revenue Growth (YoY)	-4.08%	-9.86%	-15.09%	3.57%	46.72%	-10.65%
Cost of Revenue	629.46	628.99	721.84	846.73	792.53	529.7
Gross Profit	163.43	157.19	150.36	180.43	199.27	146.28
Selling, General & Admin	139.16	136.76	118.42	107.6	106.67	93.07
Research & Development	16.49	16.32	25.19	25.32	8.54	4.36
Operating Expenses	155.64	153.08	143.61	132.92	115.21	97.43
Operating Income	7.79	4.11	6.75	47.51	84.05	48.85
Interest Expense	-9.15	-8.54	-6.53	-2.83	-0.41	-1.29
Other Non Operating Income (Expenses)	2.24	2.2	0.47	-0.75	0.84	0.6
EBT Excluding Unusual Items	0.88	-2.23	0.7	43.93	84.48	48.16
Pretax Income	0.88	-2.23	0.7	43.93	84.48	48.16
Income Tax Expense	0.44	0.57	-5.77	7.37	14.51	9.87
Earnings From Continuing Operations	0.44	-2.8	6.46	36.56	69.97	38.29
Earnings From Discontinued Operations	-	-	-	-	0.18	-5.12
Net Income to Company	0.44	-2.8	6.46	36.56	70.16	33.17
Minority Interest in Earnings	-	-	0.03	-	-1.23	-0.35
Net Income	0.44	-2.8	6.5	36.56	68.93	32.82
Net Income to Common	0.44	-2.8	6.5	36.56	68.93	32.82
Net Income Growth	274.36%	-	-82.23%	-46.96%	110.02%	-
Shares Outstanding (Basic)	35	34	35	35	35	35
Shares Outstanding (Diluted)	35	34	35	35	36	36
Shares Change (YoY)	-0.07%	-1.24%	-1.78%	-1.67%	0.16%	1.76%
EPS (Basic)	0.01	-0.08	0.19	1.04	1.95	0.93
EPS (Diluted)	0.01	-0.08	0.19	1.03	1.92	0.91
EPS Growth	744.40%	-	-81.84%	-46.21%	110.94%	-
Free Cash Flow	16.57	16.4	35.51	-39.41	51.01	49.8
Free Cash Flow Per Share	0.48	0.48	1.02	-1.11	1.41	1.38
Dividend Per Share	0.200	0.200	0.200	0.200	0.100	0.100
Dividend Growth	-	-	-	100.00%	-	-
Gross Margin	20.61%	19.99%	17.24%	17.57%	20.09%	21.64%
Operating Margin	0.98%	0.52%	0.77%	4.63%	8.48%	7.23%
Profit Margin	0.06%	-0.36%	0.74%	3.56%	6.95%	4.86%
Free Cash Flow Margin	2.09%	2.08%	4.07%	-3.84%	5.14%	7.37%
EBITDA	29.11	24.36	23.71	62.28	95.41	59.98
EBITDA Margin	3.67%	3.10%	2.72%	6.06%	9.62%	8.87%
D&A For EBITDA	21.32	20.25	16.95	14.77	11.36	11.13
EBIT	7.79	4.11	6.75	47.51	84.05	48.85
EBIT Margin	0.98%	0.52%	0.77%	4.63%	8.48%	7.23%
Effective Tax Rate	49.94%	-	-	16.77%	17.17%	20.49%

Updated Apr 24, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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