Spartan Motors

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, USMap
Websitespartanmotors.com
Employee Ratings2.9More
View Jobs (75)

Recent NewsAll News

Latest Updates

Employees (est.) (Jan 2019)2,338
Job Openings75
Revenue (FY, 2018)$816.2 M(+16%)
Share Price (Mar 2019)$8.4 (-5%)

Spartan Motors Office Locations

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

Spartan Motors Revenue

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

Revenue (FY, 2018)

816.2m

Gross profit (FY, 2018)

98.6m

Gross profit margin (FY, 2018), %

12.1%

Net income (FY, 2018)

15.0m

EBIT (FY, 2018)

16.1m

Market capitalization (22-Mar-2019)

296.6m

Closing stock price (22-Mar-2019)

8.4

Cash (31-Dec-2018)

27.4m

EV

269.2m
Spartan Motors's current market capitalization is $296.6 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, 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, 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, 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, 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, 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
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USDY, 2018

EV/EBIT

16.7 x

EV/CFO

33.5 x

Revenue/Employee

350.7k

Financial Leverage

1.9 x
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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
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Spartan Motors Revenue Breakdown

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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

Twin Disc
Manufacturing & Industrial - Public
Miller Industries
Manufacturing & Industrial - Public
ESCO Technologies
Manufacturing & Industrial - Public
Alamo Group
Manufacturing & Industrial - Public
Altra Industrial Motion
Manufacturing & Industrial - Public
Commercial Vehicle Group
Automotive & Transportation - Public
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Spartan Motors Online and Social Media Presence

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Spartan Motors News and Updates

March 12, 2019

Spartan Motors Exhibits Industry-Leading Chassis At RVX: The RV Experience

CHARLOTTE, Mich., March 12, 2019 /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 latest K3 605 chassis at...
February 28, 2019

Spartan Motors Reports Fourth Quarter and Full Year 2018 Results

CHARLOTTE, Mich., Feb. 28, 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,...
December 17, 2018

Spartan Motors Adopts 10b5-1 Trading Plan for Share Repurchases

CHARLOTTE, Mich., Dec. 17, 2018 /PRNewswire/ -- Spartan Motors, Inc. (NASDAQ: SPAR) ("Spartan" or the "Company"), a global leader in specialty chassis and vehicle design, manufacturing and assembly, today announced that the Company has entered into a 10b5-1 trading plan that authorizes...
December 17, 2018

Spartan Motors Acquires Strobes-R-Us

CHARLOTTE, Mich., Dec. 17, 2018 /PRNewswire/ -- Spartan Motors, Inc. (NASDAQ: SPAR) ("Spartan" or the "Company"), a global leader in specialty chassis and vehicle design, manufacturing, and assembly, today announced it has acquired Strobes-R-Us, Inc., a Florida-based, premier provider of...
December 14, 2018

Spartan Motors Makes Donation to AL!VE Regional Community Health Park

CHARLOTTE, Mich., Dec. 14, 2018 /PRNewswire/ -- Spartan Motors, Inc. (NASDAQ: SPAR) ("Spartan" or the "Company"), a global leader in specialty chassis and vehicle design, manufacturing, and assembly, has donated $75,000 to the regional health center AL!VE to support community wellness...
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, ...
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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 2,338 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 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.

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