The Shyft Group, Inc. (NASDAQ:SHYF) Q4 2023 Earnings Call Transcript

Jon Douyard: Yes. I mean I think the SV business had a tremendous year I think 20% to 20% EBITDA margins for the year, which ramped really sequentially throughout the year as well. We’ve said historically that business is more of a high 10s business over the long term, as we think about it and so will — that is what we’re expecting as we enter 2024. I think when you look at the total company, volume will be a little bit pressured in the first quarter just based on how demand and the backlog is playing out. And so, there will be sequential declines as well, which put pressure on the Q1 margins before we see volumes return as we move through the year.

Q – Greg Lewis: Okay. Thank you

Jon Douyard: Thanks, Greg.

Operator: Thank you. This concludes our question and answer session. I would like to turn the floor back over to Randy Wilson for any closing comments.

Randy Wilson: Thank you, operator. I’d like to thank everyone for joining today’s call and we look forward to connecting with you over the coming weeks, as the ship management team will be hosting investor meetings at the Raymond James Institutional Investor Conference in Orlando on March 4, the NTA Work Truck Week in Indianapolis on March 6 and 7, and the 36 Annual ROTH Capital Conference in Dana Point on March 18th. Thank you for your interest in the Shyft Group. As always, please reach out if you have any follow-up questions. Have a great day. With that operator, please disconnect the call.

Operator: Thank you. As mentioned the conference has now concluded. Thank you for attending today’s presentation. You may now disconnect your lines.