---
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"
generated_at: "2026-06-03T08:47:28.183232+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Shyft Group reports Q1 net loss of $4.7M; sales down 19% YoY; reaffirms FY2024 outlook

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-013118
- form_type: 8-K
- cik: 0000743238
- company_name: SHYFT GROUP, INC.
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-013118
- JSON: https://secwatch.observer/filing/0001437749-24-013118.json
- Plain text: https://secwatch.observer/filing/0001437749-24-013118.txt

## Key facts
- Earnings Releases
  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.
  - Period: the first quarter ending March 31, 2024
  - Revenue: $197.9 million
  - Net income: Net loss of $4.7 million, or ($0.14) per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/743238/000143774924013118/0001437749-24-013118-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.