The Shyft Group, which serves multiple transportation markets including RV chassis, reported sales of $207 million in the first quarter, an increase of 4.5 percent over Q1 a year ago.
The company did report a loss from continuing operations of $3.9 million.
The company’s specialty vehicles division, which includes RV chassis, reported sales of $94.2 million, an increase of 27 percent from a year ago. It said the increase was due to continued strong performance in luxury motorhome chassis and service truck body sales as well as the impact of pricing actions.
Backlog in that division was $124 million at the end of the quarter, compared to $81.5 million a year ago.
The company noted that highlights in the quarter included launching Blue Arc EV Solutions and a trio of initial product offerings: an industry-first, commercial-grade, purpose-built EV chassis; a fully reimagined all-electric Class 3 delivery walk-in van; and a fully portable, remote-controlled charging station, the Power Cube.
“I’m extremely proud of what the team accomplished in this challenging environment,” said Daryl Adams, president and CEO. “Our Specialty Vehicles business had a strong start to the year with solid growth and margin expansion. We made remarkable progress on our long-term strategy with the launch of our Blue Arc EV Solutions brand. The program remains on track, the feedback from customers has been tremendous, and we remain excited about the opportunity for the company.”
