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.
| Type | Public | |
| Founded | 1975 | |
| HQ | Novi, MI, US | Map |
| Website | spartanmotors.com | |
| Employee Ratings | More | |
| Overall Culture | D+ | More |
Key People/Management at Spartan Motors
James A. Sharman
Chairman
Daryl Adams
President and Chief Executive Officer
Thomas R. Clevinger
Director
Richard F. Dauch
Director
Thomas Schultz
Chief Administrative Officer
Ron Harbour
Director
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
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.
- Source: SEC Filings
Annual
Quarterly
| USD | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 133.7m | 162.5m | 148.7m | 167.1m | 169.7m | 189.2m | 173.0m | 184.0m | 226.2m | 234.0m | 247.9m | 289.0m | 176.9m | 124.0m | 203.5m |
Cost of goods sold | 117.9m | 141.7m | 130.7m | 150.7m | 150.2m | 160.6m | 150.9m | 157.6m | 200.0m | 20.6m | 221.1m | 246.8m | 100.0m | 152.7m | |
Gross profit | 15.8m | 20.8m | 18.0m | 16.4m | 19.5m | 28.7m | 22.2m | 26.4m | 26.2m | 213.4m | 26.9m | 42.2m | 24.0m | 50.8m | |
Gross profit Margin, % | 12% | 13% | 12% | 10% | 11% | 15% | 13% | 14% | 12% | 91% | 11% | 15% | 19% | 25% |
- Source: SEC Filings
Annual
Quarterly
| USD | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 36.8m | 39.8m | 40.0m | 35.4m | 21.2m | 21.9m | 29.4m | 21.7m | 15.7m | 21.4m | 17.9m | 15.0m | 40.9m | 23.9m | 43.1m |
Accounts Receivable | 59.5m | 69.6m | 70.5m | 64.2m | 82.0m | 93.7m | 83.4m | 92.6m | 109.9m | 104.4m | 122.1m | 112.5m | 70.8m | 68.4m | 99.5m |
Inventories | 71.2m | 59.8m | 68.0m | 109.2m | 88.4m | 95.1m | 48.5m | 64.6m | 75.8m | 84.5m | 82.1m | 87.9m | 59.3m | 53.6m | 43.1m |
Current Assets | 175.2m | 174.4m | 182.2m | 214.1m | 197.6m | 215.1m | 207.2m | 229.7m | 249.8m | 259.7m | 273.8m | 287.7m | 204.0m | 174.1m | 217.5m |
- Source: SEC Filings
Annual
Quarterly
| USD | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 543.0k | 4.9m | 7.7m | (1.1m) | 25.0k | 13.5m | 4.2m | 7.9m | 13.2m | 1.5m | 4.8m | 15.2m | 7.9m | 6.6m | 25.4m |
Depreciation and Amortization | 1.8m | 3.6m | 5.7m | 2.3m | 4.7m | 7.3m | 2.5m | 5.0m | 7.6m | 2.5m | 5.0m | 7.7m | 2.8m | 8.1m | 11.1m |
Inventories | 71.2m | 729.0k | (7.4m) | 109.2m | 32.9m | 26.2m | (3.9m) | (19.9m) | (31.0m) | (14.5m) | (12.1m) | (10.9m) | (3.7m) | 2.0m | 12.5m |
Accounts Payable | 14.0m | 11.3m | 44.1m | 35.9m | 6.7m | 19.7m | 9.3m | 37.9m | 52.0m | 11.5m | 29.2m | 4.4m | 472.0k | (12.6m) | (1.3m) |
- Source: SEC Filings
| USD | Q1, 2016 |
|---|---|
Revenue/Employee | 81.0k |
Financial Leverage | 1.7 x |
Spartan Motors Operating Metrics
Spartan Motors's Backlog was reported to be $458.8m in Q3, 2019.
| FY, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | FY, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | FY, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 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 |
Spartan Motors Acquisitions / Subsidiaries
| Company Name | Date | Deal 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
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
Spartan Motors Environment, Social & Governance (ESG) Ratings
Spartan Motors Online and Social Media Presence
656 Twitter followers
Spartan Motors has 656 Twitter Followers. The number of followers has decreased 0.2% month over month and increased 3.2% quarter over quarter
Spartan Motors's Trends
Twitter Engagement Stats for @SpartanMotors
571
Tweets
109
Following
656
Followers
1
Tweets last 30 days
0
Avg. likes per Tweet
0%
Tweets with engagement
Spartan Motors Company Culture
Overall Culture
D+
60/100
CEO Rating
A+
90/100
Compensation
F
10/100
Spartan Motors News and Updates
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...
June 07, 2019
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...
Spartan Motors Blogs
January 11, 2021
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 …
December 01, 2020
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 …
November 16, 2020
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…
November 06, 2020
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…
November 05, 2020
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 …
October 26, 2020
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…
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.
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