Last $5.22 USD
Change Today -0.01 / -0.19%
Volume 59.9K
SPAR On Other Exchanges
As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

spartan motors inc (SPAR) Snapshot

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12/3/13 - $7.18
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07/31/14 - $4.26
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spartan motors inc (SPAR) Details

Spartan Motors, Inc, through its subsidiaries, engineers, manufactures, and sells heavy-duty and custom vehicles in the United States, Canada, South America, and Asia. The company operates in three segments: Emergency Response Vehicles, Delivery and Service Vehicles, and Specialty Chassis and Vehicles. The Emergency Response Vehicles segment offers emergency response chassis and bodies, and aerial ladders. The Service and Delivery Vehicles segment provides walk-in vans and hi-cube vans for use in the package delivery, one-way truck rental, bakery/snack delivery, utility, and linen/uniform rental businesses; and commercial truck bodies, as well as sells aftermarket parts and assemblies. The Specialty Chassis and Vehicles segment offers motor home chassis, defense vehicles, and other specialty chassis, as well as distributes related aftermarket parts and assemblies. Spartan Motors, Inc. markets its products under the Spartan, Crimson Fire, Utilimaster, Aeromaster, Trademaster, Metromaster, and Utilivan brand names. The company sells its products through a network of independent truck dealers to commercial vehicle dealers, original equipment manufacturers, and leasing companies, as well as and directly to end-users. Spartan Motors, Inc. was founded in 1975 and is headquartered in Charlotte, Michigan.

spartan motors inc (SPAR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $404.9K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $175.1K
President of Utilimaster Corporation
Total Annual Compensation: $215.0K
Compensation as of Fiscal Year 2013.

spartan motors inc (SPAR) Key Developments

Spartan Motors Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter and Fourth Quarter 2014; Revises Earnings Guidance for the Full Year of 2014

Spartan Motors Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported sales of $115,795,000 against $120,874,000 a year ago. Operating income was $31,000 against $1,068,000 a year ago. Income before taxes was $51,000 compared to $1,096,000 a year ago. Net income attributable to the company was $247,000 or $0.01 per basic and diluted share, compared to $691,000 or $0.02 per basic and diluted share, a year ago. For the six months, the company’s sales were $243,754,000 compared to $217,010,000 a year ago. Operating loss was $3,511,000 compared to $5,761,000 a year ago. Loss before taxes was $3,457,000 compared to $5,656,000 a year ago. Net loss attributable to the company was $1,893,000 or $0.06 per basic and diluted share, compared to $3,563,000 or $0.11 per basic and diluted share, a year ago. The company expects 2014 full year tax rate is negatively impacted by roughly 5% to 6% due to the expiration of the research and development tax credit on December 31, 2013. The company has revised its 2014 revenue projection to a range of $500 million to $520 million. The company expects to report an operating profit for the third and fourth quarters of 2014, as well as for the year as a whole.

Spartan Motors Inc. Appoints Daryl Adams as Chief Operating Officer, Effective August 11, 2014

Spartan Motors Inc. announced the appointment of Daryl Adams as Chief Operating Officer, effective August 11, 2014. Mr. Adams will report to John Sztykiel, the company’s Chief Executive Officer. Mr. Adams was most recently Chief Executive Officer of Midway Products Group. Before joining Midway Products Group, he held a succession of management positions with Lear Corporation. His experience included senior leadership roles in Lear's North American and European operation.

Spartan Motors, Inc. Names Thomas Schultz as Vice President of Human Resources

Spartan Motors Inc. announced the appointment of Thomas Schultz as Vice President of Human Resources, effective July 31, 2014. Mr. Schultz will report to John Sztykiel, the company's chief executive officer. Mr. Schultz was previously employed by United Technologies, Energy Conversion Devices and United Solar Ovonics, and American Axle and Manufacturing.


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