Shyft Group Reports Fourth Quarter and Full-Year 2020 Results

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Go back to Shyft Group Reports Fourth Quarter and Full-Year 2020 Results

The Shyft Group (SHYF) Tops Q4 EPS by 1c, Revenues Beat; Offers FY21 EPS/Revenue Guidance Above Consensus

March 11, 2021 7:36 AM EST

The Shyft Group (NASDAQ: SHYF) reported Q4 EPS of $0.27, $0.01 better than the analyst estimate of $0.26. Revenue for the quarter came in at $171.6 million versus the consensus estimate of $170.49 million.

Fourth Quarter 2020 Highlights from Continuing Operations

For the fourth quarter of 2020 compared to the fourth quarter of 2019:

Sales of $171.6 million, a decrease of $8.4 million, or 4.7%, from $180.0 million.Income from continuing operations of $8.3 million, or $0.22 per share, compared to $14.3 million, or $0.40 per share.Adjusted EBITDA of $16.0 million, or 9.3% of sales, a decrease of $7.6 million, or 32.0%, from $23.6 million, or 13.1% of... More