Spartan Motors
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Spartan Motors

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    • Automotive & TransportationManufacturing & Industrialauto partsvehicles
    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.
    Revenue(FY, 2017)
    $707.1 M
    Market capitalization(2018-12-04)
    $268.7 M

    Employee Rating

    2.6More
    TypePublic
    HQCharlotte, US
    Founded1975
    Size (employees)2,300 (est)-1%
    Websitespartanmotors.com
    Spartan Motors was founded in 1975 and is headquartered in Charlotte, US
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    Spartan Motors Office Locations

    Spartan Motors has offices in Charlotte, Ephrata, Brandon and Bristol
    Charlotte, (HQ)
    1541 Reynolds Rd
    Brandon,
    907 7th Ave N
    Bristol,
    603 Earthway Blvd
    Charlotte,
    1000 Reynolds Rd
    Ephrata,
    64 Cocalico Creek Rd
    Show all (5)
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    Spartan Motors Financials and Metrics

    Spartan Motors Revenue

    Spartan Motors's revenue was reported to be $707.10 m in FY, 2017 which is a 19.7% increase from the previous period.
    USD

    Revenue (Q3, 2018)

    		226.2m

    Gross profit (Q3, 2018)

    		26.2m

    Gross profit margin (Q3, 2018), %

    		11.6%

    Net income (Q3, 2018)

    		5.2m

    EBIT (Q3, 2018)

    		6.3m

    Market capitalization (4-Dec-2018)

    		268.7m

    Closing stock price (4-Dec-2018)

    		7.6

    Cash (30-Sep-2018)

    		15.7m

    EV

    		253.1m
    Spartan Motors's current market capitalization is $268.7 m.
    Annual
    USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

    Revenue

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

    Revenue growth, %

    		8%9%7%20%

    Cost of goods sold

    		442.9m502.8b518.1m617.7m

    Gross profit

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

    Revenue

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

    Cost of goods sold

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

    Gross profit

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

    Gross profit Margin, %

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

    Cash

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

    Accounts Receivable

    		83.1m

    Inventories

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

    Current Assets

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

    Cash

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

    Inventories

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

    Current Assets

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

    PP&E

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

    Net Income

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

    Depreciation and Amortization

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

    Inventories

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

    Accounts Payable

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

    Net Income

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

    Depreciation and Amortization

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

    Inventories

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

    Accounts Payable

    		9.9m35.2m29.2m46.3m30.5m38.9m41.3m38.7m44.1m35.9m6.7m19.7m9.3m37.9m52.0m
    show all
    USDY, 2018

    EV/EBIT

    		39.9 x

    EV/CFO

    		-42.6 x

    Financial Leverage

    		1.9 x
    Show all financial metrics

    Spartan Motors Operating Metrics

    FY, 2014FY, 2015FY, 2016

    Backlog (Delivery and Service Vehicles)

    		$60.63 m$96.12 m$89.55 m

    Backlog (Emergency Response Vehicles)

    		$160.74 m$156.27 m$139.87 m

    Trademarks (US)

    		26 25 31

    Warehouses, sq. feet

    		225.50 k165.70 k160.70 k
    Show all operating metrics

    Spartan Motors Revenue Breakdown

    Embed Graph

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

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    Competitors

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    Altra Industrial Motion
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    Spartan Motors Online and Social Media Presence

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    Spartan Motors News and Updates

    November 30, 2018

    Spartan Motors President and CEO Daryl Adams Recognized as Transformative Business Leader of the Year

    CHARLOTTE, Mich., Nov. 30, 2018 /PRNewswire/ -- Spartan Motors, Inc. (NASDAQ: SPAR), a global leader in specialty chassis and vehicle design, manufacturing and assembly, today announced its president and CEO, Daryl Adams, has been named a Transformative Leader of the Year by MichBusiness, ...
    October 31, 2018

    Spartan Motors Reports Third Quarter 2018 Results

    CHARLOTTE, Mich., Oct. 31, 2018 /PRNewswire/ -- Spartan Motors, Inc. (NASDAQ: SPAR) ("Spartan" or the "Company"), a global leader in specialty chassis and vehicle design, manufacturing and assembly, today reported operating results for the third quarter ended September 30, 2018. Third...
    September 20, 2018

    Spartan Motors Brings First Responder Safety To The Forefront At 39th Annual Michigan Firemen's Memorial Festival

    CHARLOTTE, Mich., Sept. 20, 2018 /PRNewswire/ -- Spartan Emergency Response ("Spartan" or "Spartan ER"), a business unit of Spartan Motors, Inc. (NASDAQ: SPAR), focused on first responder safety at the 39th annual Michigan Firemen's Memorial Festival, September 13-15, at the Roscommon...
    September 12, 2018

    Spartan Motors To Display Industry-Leading Class A Diesel Chassis And American-Driven Heritage At Hershey RV Show

    CHARLOTTE, Mich., Sept. 12, 2018 /PRNewswire/ -- Spartan Specialty Vehicles, a business unit of Spartan Motors, Inc. (NASDAQ: SPAR) ("Spartan" or the "Company") – a global leader in specialty chassis and vehicle design, manufacturing, and assembly – will showcase its engineering expertise ...
    May 31, 2018

    Spartan Motors: Undervalued

    May 03, 2018

    Spartan Motors' (SPAR) CEO Daryl Adams on Q1 2018 Results - Earnings Call Transcript

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    Spartan Motors Company Life and Culture

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     Spartan Motors Frequently Asked Questions

    • When was Spartan Motors founded?

      Spartan Motors was founded in 1975.

    • How many employees does Spartan Motors have?

      Spartan Motors has 2,300 employees.

    • What is Spartan Motors revenue?

      Latest Spartan Motors annual revenue is $707.1 m.

    • What is Spartan Motors revenue per employee?

      Latest Spartan Motors revenue per employee is $307.4 k.

    • Who are Spartan Motors competitors?

      Competitors of Spartan Motors include Twin Disc, Miller Industries and ESCO Technologies.

    • 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, Ephrata, Brandon and Bristol.

    • How many offices does Spartan Motors have?

      Spartan Motors has 5 offices.