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Spartan Motors

AutomotiveManufacturing & Industrialauto partsvehicles
Spartan Motors, Inc. 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. As a result, Spartan Motors products and vehicles set the bar for excellence in every market it serves. Spartan Motors is the parent company of three subsidiaries known for performance and being the first to market with innovative products: Spartan Specialty Chassis & Vehicles™ Spartan ER™ Utilimaster™
Company Growth (employees)
Type
Public
HQ
Charlotte, US
Founded
1975
Size (employees)
2,340 (est)+24%
Website
spartanmotors.com
Spartan Motors was founded in 1975 and is headquartered in Charlotte, US

Spartan Motors Office Locations

Spartan Motors has an office in Charlotte
Charlotte, US (HQ)
1541 Reynolds Rd

Spartan Motors Data and Metrics

Spartan Motors Financial Metrics

Spartan Motors's revenue was reported to be $167.1 m in Q1, 2017
USD

Revenue (Q1, 2017)

167.1 m

Gross profit (Q1, 2017)

16.5 m

Gross profit margin (Q1, 2017), %

10%

Net income (Q1, 2017)

(1.1 m)

EBIT (Q1, 2017)

(842 k)

Market capitalization (25-Jul-2017)

300.2 m

Cash (31-Mar-2017)

35.4 m
Spartan Motors's current market capitalization is $300.2 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

469.5 m506.8 m550.4 m590.8 m

Revenue growth, %

8%9%7%

Cost of goods sold

442.9 m502.8 b518.1 m

Gross profit

53.1 m63.9 m(502.2 b)72.7 m

Gross profit Margin, %

11%13%(91246%)12%

R&D expense

6.8 m

General and administrative expense

56.2 m

Operating expense total

61.3 m64.2 m59.6 m63.9 m

EBIT

(8.2 m)(1.2 m)(12.5 m)8.6 m

EBIT margin, %

(2%)(0%)(2%)1%

Interest expense

341 k365 m410 k

Income tax expense

100 k

Net Income

(6 m)1 m(17.5 m)8.6 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

115.8 m144.2 m128.4 m144.8 m136.6 m133.7 m162.5 m148.7 m167.1 m

Cost of goods sold

101.1 m124.1 m114.3 m127.3 m123.8 m117.9 m141.7 m130.6 m150.5 m

Gross profit

14.7 m20.2 m14 m17.6 m12.8 m15.8 m20.8 m18.1 m16.5 m

Gross profit Margin, %

13%14%11%12%9%12%13%12%10%

R&D expense

2.7 m3 m3.6 m1.2 m454 k1.2 m1.8 m1.4 m2.1 m

General and administrative expense

11.9 m12.7 m13.6 m13.2 m12.4 m13.6 m14.4 m13.8 m14.6 m

Operating expense total

14.6 m15.6 m17.2 m14.4 m12.8 m14.8 m16.2 m15.2 m16.7 m

EBIT

31 k4.3 m(4.4 m)2.3 m(458 k)691 k4.4 m2.6 m(842 k)

EBIT margin, %

0%3%(3%)2%(0%)1%3%2%(1%)

Interest expense

(91 k)(80 k)(90 k)(112 k)(91 k)(114 k)(88 k)(112 k)(264 k)

Net Income

230 k3.2 m(2.9 m)1.2 m(5.8 m)543 k4.4 m2.7 m(1.1 m)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

30.7 m28.6 m32.7 m32 m

Inventories

81.4 m71.2 m60.6 m58.9 m

Current Assets

170.7 m161.3 m158.3 m162.2 m

PP&E

54.3 m50.4 m47.3 m53.1 m

Goodwill

16 m16 m16 m16 m

Total Assets

253.3 m238.8 m230.7 m243.3 m

Accounts Payable

30.5 m22.8 m27.3 m31.3 m

Total Debt

65 k

Current Liabilities

70.2 m60.6 m72.4 m87.7 m

Total Liabilities

90.3 m

Additional Paid-in Capital

75.1 m75.7 m76.5 m76.8 m

Retained Earnings

96.1 m92.7 m72.3 m76.4 m

Total Equity

171.6 m168.6 m148.5 m153 m

Debt to Equity Ratio

0 x

Debt to Assets Ratio

0 x

Financial Leverage

1.5 x1.4 x1.6 x1.6 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

29.7 m28.5 m12 m20.6 m20.9 m36.8 m39.8 m40 m35.4 m

Inventories

84.4 m73.7 m85.1 m69.9 m78.5 m71.2 m59.8 m68 m109.2 m

Current Assets

176.5 m172.5 m181.8 m166.5 m175.5 m175.2 m174.4 m182.2 m214.1 m

PP&E

52.2 m51.1 m50.2 m49.5 m47.8 m47.4 m49.9 m51 m58.1 m

Goodwill

16 m16 m16 m16 m16 m16 m16 m16 m25.6 m

Total Assets

256.3 m250.9 m259 m242.9 m248.5 m247.6 m249.8 m261.2 m313.8 m

Accounts Payable

35.2 m29.2 m46.3 m30.5 m38.9 m41.3 m38.7 m44.1 m35.9 m

Current Liabilities

77.8 m70 m83.3 m67.6 m79.3 m88.2 m91.9 m105.1 m124.3 m

Additional Paid-in Capital

75.5 m75.3 m76 m76.1 m76.3 m77 m76.3 m76.7 m76.7 m

Retained Earnings

92 m94.6 m89.8 m89.3 m83.5 m72.9 m74.5 m77.2 m75.3 m

Total Equity

165.6 m160 m149.5 m150.5 m153.6 m151.7 m

Financial Leverage

1.5 x1.6 x1.7 x1.7 x1.7 x2.1 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(6 m)1 m(17.5 m)8.6 m

Depreciation and Amortization

9.2 m8.4 m7.4 m7.9 m

Accounts Receivable

(421 k)(802 k)(8.3 m)(8.8 m)

Inventories

(14 m)10.3 m10.6 m1.7 m

Accounts Payable

7.5 m(7.8 m)4.6 m4 m

Cash From Operating Activities

13 m6.5 m12.9 m23.5 m

Purchases of PP&E

(3.5 m)(3.5 m)(4.9 m)(13.4 m)

Cash From Investing Activities

(846 k)(2.8 m)(4.7 m)(13.4 m)

Long-term Borrowings

(86 k)(80 k)(75 k)(5.1 m)

Cash From Financing Activities

(3.2 m)(5.8 m)(4.1 m)(10.7 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

230 k3.2 m(2.9 m)1.2 m(5.8 m)543 k4.4 m2.7 m(1.1 m)

Inventories

84.4 m73.7 m85.1 m69.9 m78.5 m71.2 m109.2 m

Accounts Payable

35.2 m29.2 m46.3 m30.5 m38.9 m41.3 m38.7 m44.1 m35.9 m
USDY, 2017

Revenue/Employee

71.4 k

Financial Leverage

2.1 x

Spartan Motors Market Value History

Market Position of Spartan Motors

Competitors

General Motors
Automotive - Public
Ford Motor Company
Automotive - Public
BorgWarner
Automotive - Public
Audi
Automotive - Public
Compare competitors

Spartan Motors Online and Social Media Presence

Spartan Motors Company Life and Culture

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