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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 Ratings2.8More
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Latest Updates

Employees (est.) (Dec 2019)1,768(-9%)
Revenue (FY, 2019)$756.5 M(-7%)
Share Price (Sept 2020)$19.6 (-1%)
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 Charlotte, Brandon, Bristol, Carson and in 15 other locations
Charlotte, US (HQ)
1541 Reynolds Rd
Brandon, US
907 7th Ave N
Bristol, US
603 Earthway Blvd
Carson, US
24200 S Main St
Dallas, US
3000 W Commerce St #110
Ephrata, US
64 Cocalico Creek Rd
Show all (22)

Spartan Motors Financials and Metrics

Spartan Motors Revenue

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

Revenue (Q2, 2020)

124.0m

Gross profit (Q2, 2020)

24.0m

Gross profit margin (Q2, 2020), %

19.4%

Net income (Q2, 2020)

(1.3m)

EBIT (Q2, 2020)

(1.7m)

Market capitalization (17-Sept-2020)

600.6m

Closing stock price (17-Sept-2020)

19.6

Cash (30-Jun-2020)

23.9m

EV

668.1m
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
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

133.7m162.5m148.7m167.1m169.7m189.2m173.0m184.0m226.2m234.0m247.9m289.0m176.9m124.0m

Cost of goods sold

117.9m141.7m130.7m150.7m150.2m160.6m150.9m157.6m200.0m20.6m221.1m246.8m100.0m

Gross profit

15.8m20.8m18.0m16.4m19.5m28.7m22.2m26.4m26.2m213.4m26.9m42.2m24.0m

Gross profit Margin, %

12%13%12%10%11%15%13%14%12%91%11%15%19%
show all
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, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

543.0k4.9m7.7m(1.1m)25.0k13.5m4.2m7.9m13.2m1.5m4.8m15.2m7.9m6.6m

Depreciation and Amortization

1.8m3.6m5.7m2.3m4.7m7.3m2.5m5.0m7.6m2.5m5.0m7.7m2.8m8.1m

Inventories

71.2m729.0k(7.4m)109.2m32.9m26.2m(3.9m)(19.9m)(31.0m)(14.5m)(12.1m)(10.9m)(3.7m)2.0m

Accounts Payable

14.0m11.3m44.1m35.9m6.7m19.7m9.3m37.9m52.0m11.5m29.2m4.4m472.0k(12.6m)
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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 Cybersecurity Score

Cybersecurity ratingPremium dataset

C

71/100

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Spartan Motors Revenue Breakdown

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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 Online and Social Media Presence

Spartan Motors's Trends

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Spartan Motors News and Updates

June 01, 2020

Spartan Motors to change its name to The Shyft Group, adopt new ticker

Spartan Motors Inc. said Monday it is changing its name to The Shyft Group Inc. and will change its ticker to SHYF after divesting its Emergency Response business. The Novi, Michigan-based specialty vehicle maker will also change its logo and has launched a new website at www.theshyftgroup.com. "Th…
October 31, 2019

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...
September 23, 2019

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,...
September 10, 2019

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,...
August 26, 2019

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...
July 11, 2019

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...
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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 Flex-N-Gate, REV Group and Commercial Vehicle Group.

  • 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, Brandon, Bristol, Carson and in 15 other locations.

  • How many offices does Spartan Motors have?

    Spartan Motors has 22 offices.