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
HQNovi, MI, US
Websitespartanmotors.com
Employee Ratings2.9
Overall CultureD+

Latest Updates

Employees (est.) (Dec 2019)1,768(-9%)
Revenue (FY, 2019)$756.5 M(-7%)
Share Price (Oct 2020)$20.8
Cybersecurity ratingCMore

Key People/Management at Spartan Motors

James A. Sharman

James A. Sharman

Chairman
Daryl Adams

Daryl Adams

President and Chief Executive Officer
Thomas R. Clevinger

Thomas R. Clevinger

Director
Richard F. Dauch

Richard F. Dauch

Director
Thomas Schultz

Thomas Schultz

Chief Administrative Officer
Ron Harbour

Ron Harbour

Director
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Spartan Motors Office Locations

Spartan Motors has offices in Novi and Charlotte
Novi, MI, US (HQ)
41280 Bridge St
Charlotte, MI, US
1000 Reynolds Rd
Charlotte, MI, US
1541 Reynolds Rd
Charlotte, MI, US
Spartan Motors Plant 7, 1111 Mikesell St
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Spartan Motors Financials and Metrics

Spartan Motors Revenue

Spartan Motors's revenue was reported to be $756.54 m in FY, 2019
USD

Revenue (Q3, 2020)

203.5m

Gross profit (Q3, 2020)

50.8m

Gross profit margin (Q3, 2020), %

24.9%

Net income (Q3, 2020)

18.8m

EBIT (Q3, 2020)

26.4m

Market capitalization (21-Oct-2020)

600.6m

Closing stock price (21-Oct-2020)

20.8

Cash (30-Sept-2020)

43.1m

EV

655.1m
Spartan Motors's current market capitalization is $600.6 m.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

590.8m707.1m816.2m756.5m

Revenue growth, %

7%20%15%

Cost of goods sold

518.2m617.9m717.9m

Gross profit

72.5m89.2m98.3m
Quarterly
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

8.6m15.9m15.0m(12.4m)

Depreciation and Amortization

7.9m9.9m10.4m11.2m

Inventories

1.7m42.9m(24.3m)(14.8m)

Accounts Payable

4.0m5.4m35.3m(20.4m)
Quarterly
USDQ1, 2016

Revenue/Employee

81.0k

Financial Leverage

1.7 x
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Spartan Motors Operating Metrics

Spartan Motors's Backlog was reported to be $458.8m in Q3, 2019.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019

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$351.27 m$372.80 m$537.75 m$535.09 m$554.62 m$524.10 m$484.91 m$472.96 m$432.32 m$494.53 m$458.84 m

Patents (US)

20 20 24 27 28

Patents Pending (US)

20 9 13 14 12

Trademarks (US)

26 25 31 33 35
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Spartan Motors Acquisitions / Subsidiaries

Company NameDateDeal Size
Detroit Truck Manufacturing, LLC
Smeal Holding, LLC
Spartan-Gimaex Innovations, LLC
Spartan Motors Mexico, LLC
Spartan Upfit Services, Inc.
Utilimaster Services, LLC

Spartan Motors Revenue Breakdown

Embed Graph

Spartan Motors revenue breakdown by business segment: 23.4% from Specialty Chassis and Vehicles, 46.9% from Fleet Vehicles and Services and 29.7% from Emergency Response Vehicles

Spartan Motors revenue breakdown by geographic segment: 93.0% from United States and 7.0% from Other

Spartan Motors Cybersecurity Score

Cybersecurity ratingPremium dataset

C

76/100

SecurityScorecard logo

Spartan Motors Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

30-39

out of 100

CSRHub logo

Spartan Motors Online and Social Media Presence

Embed Graph

Spartan Motors Company Culture

  • Overall Culture

    D+

    60/100

  • CEO Rating

    A+

    90/100

  • Compensation

    F

    10/100

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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 Blogs

The Shyft Group’s Utilimaster Receives Orders for More Than 3,000 Velocity Vehicles from Several Parcel Delivery Customers for Delivery in 2021

NOVI, Mich. , Jan. 11, 2021 /PRNewswire/ --  The Shyft Group (NASDAQ: SHYF) (" Shyft " or the "Company"), North America's leader in specialty vehicle manufacturing, assembly, and upfit for ecommerce-driven parcel delivery, as well as the broader commercial, retail, and service specialty vehicle The …

The Shyft Group Appoints Michael Dinkins to its Board of Directors

Dinkins Brings Broad Global Finance Expertise Across Multiple Industries NOVI, Mich. , Dec. 1, 2020 /PRNewswire/ -- The Shyft Group, Inc. (NASDAQ: SHYF) (" Shyft " or the "Company"), the North American leader in specialty vehicle manufacturing, assembly and upfit for the commercial, retail, and The …

The Shyft Group’s Strobes-R-Us Looks To Fleet Future, Showcases Emerging Upfit Innovations

The Southeast's preeminent governmental and first response vehicle upfitter, Strobes-R-Us, hosts vehicle upfit seminar and training on November 17 from 10:30 a.m. to 1:30 p.m. and unveils new West Palm Beach facility NOVI, Mich. , Nov. 16, 2020 /PRNewswire/ --  Strobes-R-Us,  a go-to-market brand Th…

The Shyft Group Announces Quarterly Dividend

NOVI, Mich. , Nov. 6, 2020 /PRNewswire/ -- The Shyft Group, Inc. , (NASDAQ: SHYF) (" Shyft " or the "Company"), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, today announced that its Board of The p…

The Shyft Group Posts Strong Third Quarter Results

Reports EPS Gain of 46% to Record $0.54 on Sales of $203.5 million   Adjusted EPS Increases 38% to Record $0.62   Reinstates Initial 2020 Guidance NOVI, Mich. , Nov. 5, 2020 /PRNewswire/ -- The Shyft Group, Inc. (NASDAQ: SHYF) (" Shyft " or the "Company"), the North American leader in specialty The …

Utilimaster Drives Home Leading Last Mile Delivery Products

Home Delivery World goes virtual, provides Utilimaster opportunity to showcase latest last mile fleet vehicles NOVI, Mich. , Oct. 26, 2020 /PRNewswire/ -- Utilimaster, a go-to-market brand of The Shyft Group's Fleet Vehicles & Services business unit (NASDAQ: SHYF) (" Shyft " or the "Company"), t…
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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 Thomas R. Clevinger.

  • How many employees does Spartan Motors have?

    Spartan Motors has 1,768 employees.

  • What is Spartan Motors revenue?

    Latest Spartan Motors annual revenue is $756.5 m.

  • What is Spartan Motors revenue per employee?

    Latest Spartan Motors revenue per employee is $427.9 k.

  • Who are Spartan Motors competitors?

    Competitors of Spartan Motors include THOR Industries, Altra Industrial Motion and Flex-N-Gate.

  • Where is Spartan Motors headquarters?

    Spartan Motors headquarters is located at 41280 Bridge St, Novi.

  • Where are Spartan Motors offices?

    Spartan Motors has offices in Novi and Charlotte.

  • How many offices does Spartan Motors have?

    Spartan Motors has 4 offices.