- Shyft press release ( NASDAQ: SHYF ): Q3 Non-GAAP EPS of $0.53 beats by $0.09 .
- Revenue of $286.1M (+4.9% Y/Y) misses by $4.3M .
- Adjusted EBITDA of $27.1 million, or 9.5% of sales, a decrease of $6.6 million, from $33.7 million, or 12.4% of sales. Results include $7.7 million of EV development costs.
- Consolidated backlog at September 30, 2022, totaled $1.0 billion, up $191.3 million, or 22.4%, compared to $852.6 million at September 30, 2021, reflecting continued strong demand across all business units.
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Guidance for full-year 2022, notwithstanding further chassis and supply chain related issues, is as follows:
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Revenue to be in the range of $1.0 billion to $1.1 billion vs $1.02B Consensus
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Adjusted EBITDA of $62.5 to $72.5 million, including approximately $30 million of expenses related to EV development
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Income from continuing operations of $29.7 to $37.6 million
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Earnings per share of $0.83 to $1.05 vs $1.07 Consensus
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Adjusted earnings per share of $1.02 to $1.24
For further details see:
Shyft Non-GAAP EPS of $0.53 beats by $0.09, revenue of $286.1M misses by $4.3M