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Last $4.33 USD
Change Today -0.01 / -0.23%
Volume 65.9K
SPAR On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

spartan motors inc (SPAR) Snapshot

Open
$4.30
Previous Close
$4.34
Day High
$4.36
Day Low
$4.24
52 Week High
11/3/14 - $5.71
52 Week Low
08/25/15 - $4.10
Market Cap
148.3M
Average Volume 10 Days
52.6K
EPS TTM
$0.11
Shares Outstanding
34.3M
EX-Date
05/19/15
P/E TM
41.1x
Dividend
$0.10
Dividend Yield
2.31%
Current Stock Chart for SPARTAN MOTORS INC (SPAR)

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spartan motors inc (SPAR) Details

Spartan Motors, Inc, through its subsidiaries, engineers, manufactures, and sells heavy-duty and custom vehicles in the United States, Canada, South America, and Asia. The company operates in three segments: Emergency Response Vehicles, Delivery and Service Vehicles, and Specialty Chassis and Vehicles. The Emergency Response Vehicles segment offers emergency response chassis and bodies, and aerial ladders. The Service and Delivery Vehicles segment provides walk-in vans and hi-cube vans for use in the package delivery, one-way truck rental, bakery/snack delivery, utility, and linen/uniform rental businesses; and commercial truck bodies, as well as sells aftermarket parts and assemblies. The Specialty Chassis and Vehicles segment offers motor home chassis, defense vehicles, and other specialty chassis, as well as distributes related aftermarket parts and assemblies. Spartan Motors, Inc. markets its products under the Spartan ERV, Aeromaster, Trademaster, Metromaster, Utilivan, and Utilimaster brand names. The company sells its products through a network of independent truck dealers to commercial vehicle dealers, original equipment manufacturers, and leasing companies, as well as and directly to end-users. Spartan Motors, Inc. was founded in 1975 and is headquartered in Charlotte, Michigan.

1,433 Employees
Last Reported Date: 03/5/15
Founded in 1975

spartan motors inc (SPAR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $173.7K
Chief Financial Officer
Total Annual Compensation: $214.9K
President of Utilimaster Corporation
Total Annual Compensation: $225.0K
Executive Officer of Special Projects
Total Annual Compensation: $225.0K
Consultant
Total Annual Compensation: $404.9K
Compensation as of Fiscal Year 2014.

spartan motors inc (SPAR) Key Developments

Spartan Motors Inc. Presents at 2015 Sidoti Emerging Growth Conference, Sep-02-2015

Spartan Motors Inc. Presents at 2015 Sidoti Emerging Growth Conference, Sep-02-2015 . Venue: Marriott Marquis in Times Square, New York, New York, United States.

Spartan Motors Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter and Full Year of 2015

Spartan Motors Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported sales of $144,824,000 against $115,795,000 a year ago. Operating income was $2,345,000 against $31,000 a year ago. Income before taxes was $2,264,000 compared to $51,000 a year ago. Net income attributable to the company was $1,177,000 or $0.03 per basic and diluted share, compared to $247,000 or $0.01 per basic and diluted share, a year ago. All operating segments posted revenue growth due to higher unit volume in ER and SCV and favorable product mix in DSV, resulting in a better operating performance compared to the second quarter of 2014. For the six months, the company’s sales were $273,196,000 compared to $243,754,000 a year ago. Operating loss was $2,012,000 compared to $3,511,000 a year ago. Loss before taxes was $2,057,000 compared to $3,457,000 a year ago. Net loss attributable to the company was $1,703,000 or $0.05 per basic and diluted share, compared to $1,893,000 or $0.06 per basic and diluted share, a year ago. The company projects a modest operating profit for 2015, including ER segment-related restructuring expenses, consistent with prior guidance. The outlook for 2015 is for further revenue growth in the third quarter, with mid- to upper-single-digit growth for the entire year. The company expects revenue growth for the year to be in the mid- to upper single-digit range compared to 2014. For the year as a whole, the company expects a modest operating profit, including approximately $3 million for ER segment restructuring expenses. Financial performance in the third quarter of 2015 is expected to be similar to that of the second quarter of 2015. The company expects to see a modest revenue growth in the third quarter compared to the second quarter of the year. Revenue growth in the third quarter of 2015 is likely to be partially offset by a less favorable product mix and a lack of export or defense shipments. As a result, third quarter operating income should be approximately equal to that, that they reported in the second quarter.

Spartan Motors Wins Contract to Build Fire Trucks for City of Philadelphia

Spartan Motors announced that its Emergency Response subsidiary won a one-year contract from the City of Philadelphia to design and build fire trucks. The fire apparatus will be based on Spartan's 94" Metro Star MFD chassis with a 173" wheelbase and will come equipped with 500-gallon water tank and a 1,500-gallon per minute pump. The contract includes an option to extend for up to three more years.

 

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Industry Analysis

SPAR

Industry Average

Valuation SPAR Industry Range
Price/Earnings 100.0x
Price/Sales 0.3x
Price/Book 0.9x
Price/Cash Flow 108.8x
TEV/Sales 0.2x
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