The Shyft Group Inc (Shyft Group) is a manufacturer of motor vehicle chassis and bodies. The company’s portfolio includes fleet vehicles and services, and specialty chassis and vehicles. Its product lines comprise pumpers and aerial fire apparatus, heavy and light-duty rescue units, emergency response chassis, aerial ladder components, emergency response bodies and aerial equipment, among others. The company provides its products through the brands; Spartan ERV, Spartan Chassis, Aeromaster, Trademaster, Metromaster, Utilivan and Royal Truck Body. The company also supplies replacement parts and offers repair, maintenance, field service and refurbishment services. Shyft Group is headquartered in Novi, Michigan, the US.
Headquarters
United States of America
Address
41280 Bridge Street, 1000 Reynolds Rd, Novi, Michigan, 48375
Website
theshyftgroup.com
Telephone
1 517 5436400
No of Employees
4,200
Industry
Automotive
Ticker Symbol & Exchange
SHYF (NASD)
Revenue (2022)
$1.0B
3.6%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-47%
(2022 vs 2021)
Market Cap*
$357.4M
Net Profit Margin (2022)
XYZ
-48.8%
(2022 vs 2021)
* As of and is in US$
The Shyft Group Inc premium industry data and analytics
Products and Services
| Products | Brands |
|---|---|
| Emergency Response Chassis | Spartan ERV |
| Emergency Response Bodies | Spartan Chassis |
| Aerial Equipment | Aeromaster |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Acquisitions/Mergers/Takeovers | In January, the company acquired the US-based XL Fleet. |
| 2020 | New Products/Services | In December, The Shyft Group Launches New RV App, providing Spartan RV Dealers with on-the-go Access to up-to-date OEM- and Model-Year-Specific Coach and Chassis Information, Specifications, Video Tutorials, and SpartanReward$ Incentive Program. |
| 2020 | Acquisitions/Mergers/Takeovers | In October, the company acquired F3 MFG Inc., a aluminum truck body and accessory manufacturer. |
Competitor Comparison
| Key Parameters | The Shyft Group Inc | Stellantis NV | General Motors Co | Tesla Inc | Oshkosh Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | Netherlands | United States of America | United States of America | United States of America |
| City | Novi | Hoofddorp | Detroit | Austin | Oshkosh |
| State/Province | Michigan | - | Michigan | Texas | Wisconsin |
| No. of Employees | 4,200 | 272,367 | 167,000 | 127,855 | 15,000 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| James A Sharman | Chairman | Executive Board | 2017 | 64 |
| John Dunn | President; Director; Chief Executive Officer | Executive Board | 2023 | - |
| Jonathan C. Douyard | Chief Financial Officer | Senior Management | 2020 | 44 |
| Todd Heavin | Chief Operating Officer | Senior Management | 2019 | 60 |
| Andy Anderson | Chief Information Officer | Senior Management | 2019 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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