Shyft Group Reports Record Year in Sales
February 24, 2023
The Shyft Group, which serves a variety of specialty vehicle markets, including making chassis for RVs, reports $1 billion in sales in 2022, an increase of $35.4 million over 2021.
The company’s adjusted net income for the year was $44.5 million, compared to $75 million the previous year.
In the specialty vehicles division, which includes RVs, the company reported a drop in sales in the fourth quarter, finishing the period at $93.2 million, compared with $94.7 million the year prior. The backlog in that segment was $96 million, compared with 104.1 million in Q4 of 2021. RV-Pro