The Shyft Group, Inc. (NASDAQ:SHYF) Q3 2022 Results Conference Call October 27, 2022 10:00 AM ET

Company Participants

Randy Wilson - Vice President, Investor Relations and Treasury

Daryl Adams - President, CEO and Director

John Douyard - CFO

Conference Call Participants

Steve Dyer - Craig-Hallum

Matt Koranda - Roth Capital

Mike Shlisky - D.A. Davidson

Felix Boeschen - Raymond James

Operator

Good morning, and welcome to the Shyft Group's Third Quarter 2022 Conference Call and Webcast. [Operator Instructions].

I would now like to introduce Randy Wilson, Vice President, Investor Relations and Treasury for the Shift Group. You may proceed.

Randy Wilson

Good morning, and welcome to the Shyft Group's Third Quarter 2022 Earnings Conference Call. Speaking today will be Daryl Adams, President and Chief Executive Officer; John Douyard, Chief Financial Officer. Earlier today, we published our results, which are available on our website. Today's call is being webcast and is accompanied by a slide presentation, which includes a reconciliation of GAAP to non-GAAP financial measures that we will use during our call.

Please turn to Slide 2 of the presentation for our safe harbor statement. You should be aware that certain statements made during today's conference call may be considered forward-looking statements. These forward-looking statements are subject to risks that could cause actual results to be materially different from those expressed or implied. For a more complete discussion of these risks, please see the 8-K filed with the SEC this morning and other filings we make with the SEC, which are all available on the company's website. I will remind everyone that the divestiture of the emergency response vehicle business on February 1, 2020, is classified as discontinued operations. The results discussed today will refer to continuing operations unless otherwise noted. And now I'd like to turn the call over to Daryl Adams, beginning on Slide 3.

Daryl Adams

Thank you, Randy. Good morning, and thank you for joining us to discuss our third quarter 2022 results. I am pleased with our overall performance as the team continued to manage through the dynamic environment in the third quarter. Special Vehicles once again delivered strong results across all product lines. Director revenue for service bodies, solid results in motorhome chassis and contract manufacturing reflect the continued effort by the team to execute on our growth strategy. In addition, Fleet Vehicle and Services saw a sequential improvement as chassis inflow continue to improve in the third quarter. Supply chain remains challenging due to component part shortages and delays impacting production, but the team remains focused on delivering for customers and improving profitability. Our excitement continues to build around our Blue arc electric vehicle offering as evidenced by a recent customer preorder.