Shyft Group reports strong Q4 2024 earnings and announces merger plans

Shyft Group Inc. reported strong performance in Q4 2024, highlighting operational improvements and financial growth. The company achieved a 6.2% adjusted EBITDA margin, up 160 basis points from the previous year, despite challenges in the parcel market. The proposed merger with Abby Schmidt was announced, aiming to enhance Shyft's capabilities and customer relationships. The company also noted successful production of electric trucks for FedEx, marking a significant milestone in its transition to sustainable fleet operations. Scott Ocholik, the new Interim CFO, will provide further details on financial results and the outlook for 2025 in the ongoing earnings call.