{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-013118","form_type":"8-K","ticker":null,"cik":"0000743238","company_name":"SHYFT GROUP, INC.","filed_at":"2024-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.888255+00:00","generated_at":"2026-06-03T08:47:28.183232+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Shyft Group reports Q1 net loss of $4.7M; sales down 19% YoY; reaffirms FY2024 outlook","bullets":["Sales $197.9M (-18.7% YoY); net loss $4.7M ($0.14/sh) vs net income $1.7M ($0.05/sh) a year ago.","Adjusted EBITDA $6.1M (3.1% of sales) down from $10.8M (4.4%); includes $5.5M EV program costs.","Consolidated backlog $439M (-34% YoY) but up 7.4% sequentially; FVS backlog down 39%, SV backlog flat.","FY2024 guidance reaffirmed: sales $850-900M, adj. EBITDA $40-50M, EPS $0.07-$0.30; Blue Arc EV production target late 2024.","SV segment sales up 3.4% to $90.1M; adjusted EBITDA $17.0M (18.8% margin), up from $13.9M."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-013118","json":"https://secwatch.observer/filing/0001437749-24-013118.json","markdown":"https://secwatch.observer/filing/0001437749-24-013118.md","text":"https://secwatch.observer/filing/0001437749-24-013118.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/743238/000143774924013118/0001437749-24-013118-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/743238/000143774924013118/shyf20240424_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T08:47:28.183232+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3e336f7942c5322ca9c41d6365d1d4882726e0ac","claim":"SHYFT GROUP, INC. reported the first quarter ending March 31, 2024 results: revenue $197.9 million, net income Net loss of $4.7 million, or ($0.14) per share. Guidance reaffirmed.","evidence_excerpt":"The Shyft Group Reports First Quarter 2024 Results ● First quarter sales of $198 million; Quarter end consolidated backlog of $439 million with FVS backlog up 10% sequentially ● Maintains 2024 outlook with sales of $850 to $900 million and adjusted EBITDA of $40 to $50 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/743238/000143774924013118/0001437749-24-013118-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ending March 31, 2024"},{"label":"Revenue","value":"$197.9 million"},{"label":"Net income","value":"Net loss of $4.7 million, or ($0.14) per share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}