The Shyft Group, Inc. (NASDAQ:SHYF) Q3 2023 Earnings Conference Call October 26, 2023 8:30 AM ET

Company Participants

Randy Wilson - VP, IR and Treasury

John Dunn - Incoming President and CEO

Daryl Adams - Outgoing President and CEO

Jon Douyard - CFO

Conference Call Participants

Matt Koranda - ROTH Capital

Greg Lewis - BTIG

Mike Shlisky - D.A. Davidson

Operator

Good morning and welcome to the Shyft Group's Third Quarter 2023 Conference Call and Webcast. All participants will be in a listen-only mode until the question-and-answer session of the conference call. As a reminder, this call is being recorded.

I would now like to introduce Randy Wilson, Vice President, Investor Relations and Treasury of The Shyft's Group. Mr. Wilson, you may proceed.

Randy Wilson

Thank you for joining this morning's call. As you may have already seen this morning we issued a press release announcing the appointment of John Dunn as a Shyft Group's next President and Chief Executive Officer. He will succeed Daryl Adams effective today as part of our previously announced leadership transition plan. On today's call, I'm joined by Daryl Adams outgoing President and Chief Executive Officer, John Dunn; and Jon Douyard, Chief Financial Officer.

Before we begin, please turn to Slide 2 of the presentation, for our safe harbor statement. Today's conference call contains forward-looking statements, which are subject to risks that could cause actual results to be materially different from those expressed or implied. Primary risk that management believes to materially affect our results are identified in our Forms 10-K and 10-Q filed with the SEC. We will be discussing non-GAAP information and performance measures, which we believe are useful in evaluating the company's operating performance.

For today's call, we've included a presentation deck that's been filed with the SEC, and is also available on our website. We will provide a business update before moving on to a more detailed review of the results and our updated 2023 outlook. We will then open the line for Q&A.

Please turn to Slide 3. And I'll turn it over to Jon Douyard, who will lead today's prepared remarks.

Jon Douyard

Good morning, and thank you for joining us to review our third quarter 2023 results.

Overall, our team delivered third quarter performance that was in line with our expectations as our vocational and infrastructure related businesses continued to perform well, leading to another quarter of record profitability in specialty vehicles. We remain focused on driving operational and commercial execution, as well as generating cash flow to enable long-term investment in the company.