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.

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
Report incorrect company information

Viewing summary data as a guest

Sign up for free to see all data

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)
Report incorrect company information

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%
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
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
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

Report incorrect company information

Spartan Motors Online and Social Media Presence

Embed Graph
Report incorrect company information

Spartan Motors News and Updates

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, ...

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...

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...

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 ...
Show more
Report incorrect company information

Spartan Motors Company Life and Culture

Report incorrect company information

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.