Shyft (SHYF) Missed Q4 Sales Targets, but Outlook Improves
Key Highlights:
* Revenue: $201.4 million (flat YoY, 4.3% miss)
* Adjusted EPS: $0.15 (18.4% beat)
* Adjusted EBITDA: $15.94 million (15.5% beat)
* Full-Year 2025 Guidance: Revenue of $920 million (17% growth), Adjusted EPS of $0.80 (14.5% beat)
Revenue Breakdown:
* Fleet Vehicles: 13.6% YoY decline in past two years
* Specialty Vehicles: 4.4% YoY decline in past two years
* Current Q4: 0.4% YoY decline, generating $201.4 million
Operating Margin:
* Improvement from -3.8% in Q4 2023 to -1.5% in Q4 2024
* Driven by higher efficiency in cost of sales
Earnings Per Share (EPS):
* Two-year annual EPS decline of 41%
* Current Q4: $0.15 (above estimates), up from -$0.03 in Q4 2023
Market Reaction:
* Stock traded up 3.7% to $13 after results
Analyst Outlook:
* Consensus revenue estimate for next 12 months: $221.4 million (10.4% growth)
* Consensus full-year EPS estimate for 2025: $0.44 (60.6% growth)
Conclusion:
Shyft missed revenue expectations in Q4 but beat EPS and EBITDA estimates. The company's full-year outlook is close to analysts' expectations, indicating a potential for improved performance in 2025. Despite the mixed results, Shyft's recent products and services may drive stronger top-line growth going forward.