The Shyft Group: 3Q Earnings Snapshot

Associated Press
Updated ·1 min read

NOVI, Mich. (AP) _ The Shyft Group, Inc. (SHYF) on Thursday reported third-quarter earnings of $18.7 million.

On a per-share basis, the Novi, Michigan-based company said it had profit of 52 cents. Earnings, adjusted for one-time gains and costs, came to 62 cents per share.

The maker of chassis for fire trucks, RVs and other vehicles posted revenue of $203.5 million in the period.

The Shyft Group expects full-year earnings in the range of $1.28 to $1.32 per share, with revenue in the range of $660 million to $680 million.

The Shyft Group shares have increased 18% since the beginning of the year. The stock has risen 14% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SHYF at https://www.zacks.com/ap/SHYF