SHYF - Shyft Non-GAAP EPS of $0.12 beats by $0.10 revenue of $243M beats by $17.04M
2023-04-27 07:43:18 ET
- Shyft press release ( NASDAQ: SHYF ): Q1 Non-GAAP EPS of $0.12 beats by $0.10 .
- Revenue of $243M (+17.4% Y/Y) beats by $17.04M .
- Adjusted EBITDA of $10.8 million, or 4.4% of sales, an increase of $11.4 million, from a loss of $0.6 million, or 0.3% of sales; Results include $8.5 million of EV development costs versus $4.4 million in the prior year.
- Consolidated backlog of $667.4 million as of March 31, 2023, down 47.6%, compared to $1.3 billion as of March 31, 2022 as backlog continues to return to normalized levels.
- Operating cash flow of $5.9 million, up $33.7 million, compared to an outflow of $27.8 million in the prior year.
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Shyft Non-GAAP EPS of $0.12 beats by $0.10, revenue of $243M beats by $17.04M