Spartan Motors Recognizes Supplier Excellence; Key Partners in 2012 Growth
CHARLOTTE, Mich., March 28, 2013 (GLOBE NEWSWIRE) -- Spartan Motors, Inc.
(Nasdaq:SPAR) ("Spartan" or the "Company") announced its Supplier Performance
And Review Committee (SPARC) recognized seven top-performing suppliers during
the 11th Annual Supplier Conference held March 27, 2013 in Charlotte, Mich.
Spartan Motors honored key partners which were instrumental in its growth in
2012. Spartan posted revenue of $471 million in 2012, an increase of 10.5%
from 2011 revenue of $426 million. The Company also recorded its backlog at
the end of 2012 increased 20% from the end of 2011.
"Spartan Motors strives to provide high quality products on a consistent basis
to our customers," said Drew Schramm, Senior Vice President of Supply Chain
Management. "Spartan's suppliers play a critical role in ensuring our success
as they consistently deliver exceptional products to enhance our product
portfolio. We are thankful for these opportunities to collaborate and above
all, value each member of our supplier network and the work they do each day."
The suppliers honored consistently embody the values of Spartan Motors and
maintain an unwavering commitment to quality, on-time delivery and excellent
customer support. The companies which were recognized during the 2013 Supplier
Conference exceeded the standards of excellence at Spartan Motors:
*Allison Transmission (Indianapolis, Ind.)
*Cummins Bridgeway, LLC (New Hudson, Mich.)
*Dana (Sterling, Ill.)
*F.B. Wright Company (Kentwood, Mich.)
*Precision Cable Assemblies, LLC (Brookfield, Wis.)
*Professional Metal Works (Haslett, Mich.)
*TriMark Corporation (New Hampton, Iowa)
Additional suppliers were recognized for other contributions to Spartan
The 1,000-plus suppliers to Spartan Motors are continually evaluated to ensure
adherence to the Company's ever-increasing requirements. Suppliers that
consistently exceed the performance criteria have the opportunity to increase
their business with the Company.
Spartan Motors has a blended growth strategy to give the Company a more
balanced revenue stream that is much less dependent on any single customer
than it was just three years ago. Now our task is to sustain revenue growth
momentum while improving profitability. To that end, we developed the
D.R.I.V.E. strategy that recognizes a successful organization is one with
integrated operations and a healthy culture that encourages innovation and
growth. The major facets of the D.R.I.V.E. strategy are:
-- Diversified Growth
*We will develop and sustain a product portfolio that will diversify our
revenue stream to weather industry cycles.
-- Redefining Technology and Innovation, Develop Exciting Products
*Spartan is a high-end, high-performance brand in each of its markets.
Customers willingly pay more for our products because they place a high
value on the solutions and experience we provide.
-- Integration of the Enterprise to Achieve Operational Improvement
*We will match product innovation with more efficient manufacturing and
sales activities. Spartan must generate an attractive profit that will
support reinvestment in the company and earn a higher return for
-- Vibrant Culture
*To maintain our product leadership and creativity, we will maintain a
corporate culture that fosters and rewards those qualities.
-- Extend Our Core Markets
*Spartan and Utilimaster are two outstanding brands that serve our three
core markets. We expect to be the first name customers think of for
services, parts or a new vehicle by providing a superior solution to their
needs or the experience they deserve.
D.R.I.V.E. encourages a heightened focus, teamwork and a common approach
across the organization. It is intended to align our efforts and emphasize the
importance of collaboration and integration across business units. Adhering to
this strategy, Spartan will be able to develop new products, advance into new
markets and operate more effectively and efficiently than before.
About Spartan Motors
Spartan Motors, Inc. designs, engineers and manufactures specialty chassis,
specialty vehicles, truck bodies and aftermarket parts for the recreational
vehicle (RV), emergency response, government services, defense, and delivery
and service markets. The Company's brand names – Spartan™, Spartan Chassis™,
Spartan ER™, Spartan ERV™ and Utilimaster® - are known for quality,
performance, service and first-to-market innovation. The Company employs
approximately 1,800 associates at facilities in Michigan, Pennsylvania, South
Dakota, Indiana and Florida. Spartan reported sales of $471 million in 2012
and is focused on becoming a global leader in the design, engineering and
manufacture of specialty vehicles and chassis. Visit Spartan Motors at
This release contains several forward-looking statements that are not
historical facts, including statements concerning our business, strategic
position, financial strength, future plans, objectives, and the performance of
our products. These statements can be identified by words such as "believe,"
"expect," "intend," "potential," "future," "may," "will," "should," and
similar expressions regarding future expectations. These forward-looking
statements involve various known and unknown risks, uncertainties, and
assumptions that are difficult to predict with regard to timing, extent, and
likelihood. Therefore, actual performance and results may materially differ
from what may be expressed or forecasted in such forward-looking statements.
Factors that could contribute to these differences include operational and
other complications that may arise affecting the implementation of our plans
and business objectives; continued pressures caused by economic conditions and
the pace and extent of the economic recovery; challenges that may arise in
connection with the integration of new businesses or assets we acquire or the
disposition of assets; issues unique to government contracting, such as
competitive bidding processes, qualification requirements, and delays or
changes in funding; disruptions within our dealer network; changes in our
relationships with major customers, suppliers, or other business partners,
including Isuzu; changes in the demand or supply of products within our
markets or raw materials needed to manufacture those products; and changes in
laws and regulations affecting our business. Other factors that could affect
outcomes are set forth in our Annual Report on Form 10-K and other filings we
make with the Securities and Exchange Commission (SEC), which are available at
www.sec.gov or our website. All forward-looking statements in this release are
qualified by this paragraph. Investors should not place undue reliance on
forward-looking statements as a prediction of actual results. We undertake no
obligation to publicly update or revise any forward-looking statements in this
release, whether as a result of new information, future events, or otherwise.
CONTACT: Russell T. Chick
Corporate Director of Marketing
Spartan Motors, Inc.
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