OverviewSuggest Edit

Spartan Motors designs, engineers and manufactures specialty chassis, specialty vehicles, truck bodies and aftermarket parts for the recreational vehicle (RV), emergency response (ER), government services, defense, and delivery and service markets. The Company employs a customer-centric methodology that fosters innovation, speed and agility.
TypePublic
Founded1975
HQCharlotte, US
Websitespartanmotors.com
Employee Ratings2.7

Latest Updates

Employees (est.) (Jan 2019)2,338
Job Openings81
Revenue (FY, 2018)$816.2 M(+16%)
Share Price (Nov 2019)$17.7 (-1%)

Key People/Management at Spartan Motors

James A. Sharman

James A. Sharman

Chairman
Daryl Adams

Daryl Adams

President, CEO
Rick Sohm

Rick Sohm

Treasurer, CFO
Todd Heavin

Todd Heavin

COO
Thomas Schultz

Thomas Schultz

Chief Administrative Officer
Rick Dauch

Rick Dauch

Director
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Spartan Motors Office Locations

Spartan Motors has offices in Charlotte, Brandon, Bristol, Dodge and in 8 other locations
Charlotte, US (HQ)
1541 Reynolds Rd
Brandon, US
907 7th Ave N
Bristol, US
603 Earthway Blvd
Dodge, US
302 4th St
Ephrata, US
64 Cocalico Creek Rd
Ephrata, US
68 Cocalico Creek Rd
Show all (18)

Spartan Motors Financials and Metrics

Spartan Motors Revenue

Spartan Motors's revenue was reported to be $816.16 m in FY, 2018
USD

Revenue (Q2, 2019)

247.9m

Gross profit (Q2, 2019)

26.9m

Gross profit margin (Q2, 2019), %

10.8%

Net income (Q2, 2019)

3.3m

EBIT (Q2, 2019)

3.5m

Market capitalization (6-Nov-2019)

626.1m

Closing stock price (6-Nov-2019)

17.7

Cash (30-Jun-2019)

17.9m

EV

608.4m
Spartan Motors's current market capitalization is $626.1 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

469.5m506.8m550.4m590.8m707.1m816.2m

Revenue growth, %

8%9%7%20%

Cost of goods sold

442.9m502.8b518.1m617.7m717.6m

Gross profit

63.9m(502.2b)72.7m89.4m98.6m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

126.1m128.0m115.8m144.2m128.4m144.8m136.6m133.7m162.5m148.7m167.1m169.7m189.2m173.0m357.0m226.2m234.0m247.9m

Cost of goods sold

109.9m115.2m101.1m124.1m114.3m127.3m123.8m117.9m141.7m130.6m150.5m150.2m160.6m150.9m308.5m200.0m209.4m221.1m

Gross profit

16.1m12.7m14.7m20.2m14.0m17.6m12.8m15.8m20.8m18.1m16.5m19.5m28.7m22.2m48.5m26.2m24.6m26.9m

Gross profit Margin, %

13%10%13%14%11%12%9%12%13%12%10%11%15%13%14%12%11%11%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

30.7m28.6m32.7m32.0m33.5m27.4m

Accounts Receivable

83.1m

Inventories

81.4m71.2m60.6m58.9m77.7m70.0m

Current Assets

170.7m161.3m158.3m162.2m198.8m245.3m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

20.0m27.2m29.7m28.5m12.0m20.6m20.9m36.8m39.8m40.0m35.4m21.2m21.9m29.4m21.7m15.7m21.4m17.9m

Inventories

82.4m75.4m84.4m73.7m85.1m69.9m78.5m71.2m59.8m68.0m109.2m88.4m95.1m48.5m64.6m75.8m84.5m82.1m

Current Assets

166.9m171.2m176.5m172.5m181.8m166.5m175.5m175.2m174.4m182.2m214.1m197.6m215.1m207.2m229.7m249.8m259.7m273.8m

PP&E

55.9m53.2m52.2m51.1m50.2m49.5m47.8m47.4m49.9m51.0m58.1m57.1m56.0m55.0m54.6m55.5m56.2m55.6m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(6.0m)1.0m(17.5m)8.6m15.9m15.0m

Depreciation and Amortization

9.2m8.4m7.4m7.9m9.9m10.4m

Inventories

(14.0m)10.3m10.6m1.7m42.9m(24.3m)

Accounts Payable

7.5m(7.8m)4.6m4.0m5.4m35.3m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

(3.0m)(2.1m)230.0k3.2m(2.9m)1.2m(5.8m)543.0k4.4m2.7m(1.1m)25.0k13.5m4.2m7.9m13.2m1.5m4.8m

Depreciation and Amortization

6.9m4.7m7.3m2.5m5.0m7.6m2.5m5.0m

Inventories

(14.8m)84.4m73.7m85.1m69.9m78.5m71.2m109.2m32.9m26.2m(3.9m)(19.9m)(31.0m)(14.5m)(12.1m)

Accounts Payable

9.9m35.2m29.2m46.3m30.5m38.9m41.3m38.7m44.1m35.9m6.7m19.7m9.3m37.9m52.0m11.5m29.2m
USDY, 2019

EV/EBIT

172.9 x

EV/CFO

222 x

Financial Leverage

2.1 x
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Spartan Motors Operating Metrics

Spartan Motors's Backlog was reported to be $372.8m in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Backlog

$243.74 m$264.60 m$262.70 m$275.30 m$270.76 m$318.90 m$304 m$272.10 m$249.46 m$351.30 m$372.80 m

Patents (US)

20 20 24

Patents Pending (US)

20 9 13

Trademarks (US)

26 25 31
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Spartan Motors Revenue Breakdown

Embed Graph

Spartan Motors revenue breakdown by business segment: 42.5% from Emergency Response Vehicles, 35.2% from Fleet Vehicles and Services and 22.3% from Specialty Chassis and Vehicles

Spartan Motors Online and Social Media Presence

Embed Graph

Spartan Motors News and Updates

Spartan Motors Reports Strong Third Quarter 2019 Results

CHARLOTTE, Mich., Oct. 31, 2019 /PRNewswire/ -- Spartan Motors, Inc. (NASDAQ: SPAR) ("Spartan" or the "Company"), the North American leader in specialty vehicle manufacturing and assembly for the commercial and retail vehicle industries (including last mile delivery, specialty service and...

Spartan Motors Announces CFO Transition

CHARLOTTE, Mich., Sept. 23, 2019 /PRNewswire/ -- Spartan Motors, Inc. (NASDAQ: SPAR) ("Spartan" or the "Company"), the North American leader in specialty vehicle manufacturing and assembly for the commercial and retail vehicle industries (including last-mile delivery, specialty vehicles,...

Spartan Motors Acquires Royal Truck Body

CHARLOTTE, Mich., Sept. 10, 2019 /PRNewswire/ -- Spartan Motors, Inc. (NASDAQ: SPAR) ("Spartan" or the "Company"), the North American leader in specialty vehicle manufacturing and assembly for the commercial and retail vehicle industries (including last-mile delivery, specialty vehicles,...

Spartan Motors to Attend the Seaport Global Energy & Industrials Conference on August 28

CHARLOTTE, Mich., Aug. 26, 2019 /PRNewswire/ -- Spartan Motors, Inc. (NASDAQ: SPAR) ("Spartan" or the "Company"), the North American leader in specialty vehicle manufacturing and assembly for the commercial and retail vehicle industries (including last mile delivery, specialty service and...

Spartan Motors Recognized As Michigan Economic Bright Spot By Corp! Magazine

CHARLOTTE, Mich., July 11, 2019 /PRNewswire/ -- Spartan Motors, Inc. (NASDAQ: SPAR) ("Spartan" or the "Company"), the North American leader in specialty vehicle manufacturing and assembly for the commercial and retail vehicle industries, as well as for the emergency response and...

Spartan Motors to Present at the Stifel 2019 Cross Sector Insight Conference on June 10

CHARLOTTE, Mich., June 7, 2019 /PRNewswire/ -- Spartan Motors, Inc. (NASDAQ: SPAR) ("Spartan" or the "Company"), the North American leader in specialty vehicle manufacturing and assembly for the commercial and retail vehicle industries, as well as for the emergency response and...
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Spartan Motors Frequently Asked Questions

  • When was Spartan Motors founded?

    Spartan Motors was founded in 1975.

  • Who are Spartan Motors key executives?

    Spartan Motors's key executives are James A. Sharman, Daryl Adams and Rick Sohm.

  • How many employees does Spartan Motors have?

    Spartan Motors has 2,338 employees.

  • What is Spartan Motors revenue?

    Latest Spartan Motors annual revenue is $816.2 m.

  • What is Spartan Motors revenue per employee?

    Latest Spartan Motors revenue per employee is $349.1 k.

  • Who are Spartan Motors competitors?

    Competitors of Spartan Motors include REV Group, Commercial Vehicle Group and LCI Industries.

  • Where is Spartan Motors headquarters?

    Spartan Motors headquarters is located at 1541 Reynolds Rd, Charlotte.

  • Where are Spartan Motors offices?

    Spartan Motors has offices in Charlotte, Brandon, Bristol, Dodge and in 8 other locations.

  • How many offices does Spartan Motors have?

    Spartan Motors has 18 offices.