The Shyft Group, Inc.

Good morning and welcome to the SHIFT group third quarter 2021 earnings results conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your touchtone phone. To withdraw your question, please press star then two. Please note this event is being recorded. I would now like to turn the conference over to Joris Pagrabs, Group Treasurer and Head of IR. Please go ahead.

Thank you, Kate, and good morning, everyone, and welcome to the SHIFT Group's third quarter 2021 earnings call. Joining me on the call today are Daryl Adams, our President and Chief Executive Officer, and John Duyard, our Chief Financial Officer. For today's call, we've included a presentation deck that has been filed with the SEC and is also available on our website at theshiftgroup.com. You may download the deck from the IR section of the website to follow along with our presentation during the call. Before we start, please turn to slide two of the presentation for our safe harbor statement. You should be aware that certain statements made during today's conference call, which may include management's current outlook, viewpoint, predictions, and projections regarding the shift group and its operations, may be considered forward-looking statements under the Private Securities Litigation Reform Act of 1995. I caution you that, as with any prediction or projection, there are a number of factors that could cause the shift group's actual results to differ materially from projections. All known risks that management believes could materially affect the results are identified in Forms 10-K and 10-Q filed with the SEC. However, there may be other risks that we cannot anticipate. On the call today, we will provide a business update before moving on to a more detailed review of the results and our outlook for the remainder of 2021. We will then open the line for Q&A. I would like to remind everyone that with the divestiture of the emergency response business on February 1st, 2020, the revenues and expenses associated with the ER business, as well as the assets and liabilities, have been reclassified as discontinued operations for all periods presented. With this reclassification, the results discussed today will refer to continuing operations unless otherwise noted. At this time, I'm pleased to turn a call over to Daryl for his comments beginning on slide three.

Thank you, Juris. Good morning, everyone. Thank you for joining us today to review our third quarter 2021 results. We are delighted and pleased to share with you another quarter of strong financial performance, which continues our trend since the beginning of the year. Our team continues to execute on our operational plans despite industry-wide supply challenges, enabling our growth momentum to endure while positioning us for a record year. Fittingly, this week we were honored to have been named in the 2021 Fortune 100 fastest-growing companies list. This distinction would not have been possible without the team's incredible hard work, dedication to the business, and most notably, for the resilience in the face of adversity over the last couple years. As you can see on slide four, our team did a tremendous job navigating the macroeconomic headwinds to generate year-over-year revenue growth of 34% to a record $273 million. Excuse me. and record income from continuing operations of $21 million, or 58 cents per share, which represents 8% year-over-year growth in income from continuing operations. Throughout the quarter, actually since the beginning of the year, we worked hard to minimize supply constraints, labor shortages, and inflationary pressures to ensure customer deliveries while meeting our financial targets. I'm extremely proud of the team's continued resourcefulness and relentless focus on execution that drove these results. Please turn to slide five, where I'll provide a business update. I am pleased that demand for all of our fleet vehicle and services products continue unabated, particularly for our parcel delivery vehicles. We recently announced an add-on USPS order of 47, sorry, 447 truck bodies representing 53 million in revenues. Production on this order is expected to begin in Q2 of next year, with completion slated for 2023. As discussed in prior calls, a critical component of our FBS strategy is to identify and evaluate ways we can expand into new vocations. In August, we announced orders for more than 500 refrigerated delivery vehicles from several grocery chains. To fulfill these orders, we expanded our production capabilities in our existing Kansas City facility, leveraging our flexible manufacturing strategy. We are encouraged by these orders as grocers continue to evaluate delivery solutions while consumer expectations are shifting toward home delivery. We continue to work with grocers as they develop solutions needed to optimize their home delivery strategies. Moving to our specialty vehicle segment, the strength of our innovative products and underlying markets resulted in strong revenues and orders during the quarter. We continue to execute on our service body growth strategy by expanding production into our existing North Charleston facility. This provides critical capacity as we grow and expand this business, again, leveraging our flexible manufacturing strategy. In our motorhome business, demand for our luxury motor coach chassis continues unabated as our market share increased to 31% during the quarter while reaching a high of 37% in August. reflecting the strength of our product offerings and brand among luxury motor coach customers. And in our Biltmore contract manufacturing business, we're excited to work closely with our partner, Isuzu, on the launch of their latest F-Series vehicle. We are optimistic in this vehicle's prospect and look forward to continuing to ramp volume into next year. Let me provide an update on Shift Innovations, our dedicated mobility research and development team. which is currently focused on developing SHIFT's electric vehicle chassis and our new walk-in van body design. During the quarter, we opened a R&D facility, which is the new home of SHIFT Innovations and our two proof-of-concept electric vehicles. Our innovation team continues to impress me with their progress on development and build status of our two proof-of-concept electric vehicles. This product is not immune to the supply challenges, but we are currently on track to the project timeline we introduced in June, and we look forward to unveiling this product, this proof of concept vehicle, in the first quarter of 2022. With that, I'll turn the call over to John to discuss SHIFT's financial results for the third quarter in more detail, as well as provide an update on our 2021 outlook, beginning on slide six. Thank you, Daryl, and good morning, everyone.