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Investing.com - The Shyft Group, Inc. (NASDAQ:SHYF) reported fourth-quarter earnings on Thursday that met analyst expectations, while revenue fell short of estimates.
The specialty vehicle manufacturer also provided full-year 2025 guidance that was largely in line with Wall Street forecasts.
The company posted adjusted earnings per share of $0.15 for the fourth quarter, matching the analyst consensus. Revenue came in at $201.4 million, below the $213.24 million analysts were expecting and down 0.4% YoY from $202.3 million.
For the full year 2024, The Shyft Group reported a net loss of $2.8 million, or -$0.08 per share, compared to net income of $6.5 million, or $0.19 per share, in 2023. Adjusted EBITDA rose to $48.8 million, or 6.2% of sales, up from $40.0 million, or 4.6% of sales, in the prior year.
Looking ahead, the company forecast full-year 2025 adjusted earnings per share of $0.69 to $0.92, compared to the $0.70 analyst estimate. Revenue is expected to be between $870 million and $970 million, versus the $919.6 million consensus.
The company’s backlog stood at $313.2 million as of December 31, 2024, down 23.5% from $409.3 million a year earlier.
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