Last $5.29 USD
Change Today -0.13 / -2.40%
Volume 30.8K
SPAR On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

spartan motors inc (SPAR) Snapshot

Open
$5.48
Previous Close
$5.42
Day High
$5.49
Day Low
$5.25
52 Week High
12/30/13 - $6.99
52 Week Low
07/31/14 - $4.26
Market Cap
180.3M
Average Volume 10 Days
79.6K
EPS TTM
$0.07
Shares Outstanding
34.1M
EX-Date
11/10/14
P/E TM
72.5x
Dividend
$0.10
Dividend Yield
1.89%
Current Stock Chart for SPARTAN MOTORS INC (SPAR)

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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.

1,525 Employees
Last Reported Date: 03/13/14
Founded in 1975

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. Announces Management Changes

Spartan Motors Inc. announced that John Sztykiel has decided to retire as President and Chief Executive Officer, effective February 19, 2015. He will serve as a member of Spartan's Board of Directors until his term expires in May 2015 and as a consultant to the Company until August 31, 2016. Spartan Chief Operating Officer Daryl Adams will succeed Sztykiel as President and Chief Executive Officer upon his retirement. Sztykiel joined Spartan in 1985 and assumed roles of increasing responsibility, including as President and CEO. Daryl Adams joined Spartan Motors as Chief Operating Officer effective August 11, 2014. Prior to joining Spartan Motors, he was Chief Executive Officer of Midway Products Group.

Spartan Motors Inc. Presents at 10(th) Annual Lambert, Edwards & Associates SMID-West Investor Conference 2014, Dec-04-2014

Spartan Motors Inc. Presents at 10(th) Annual Lambert, Edwards & Associates SMID-West Investor Conference 2014, Dec-04-2014 . Venue: The Palmer House Hilton Hotel, 17 East Monroe Street, Chicago, Illinois, United States.

Spartan Motors Inc. Reports Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Outlook for the Fourth Quarter of 2014 and Full Year of 2015; Reaffirms Earnings Guidance for the Full Year 2014

Spartan Motors Inc. reported unaudited consolidated financial results for the third quarter and nine months ended September 30, 2014. For the quarter, sales were $144,239,000, against $126,074,000 for the same period last year. Operating income was $4,267,000, against $1,812,000 for the same period last year. Income before taxes was $4,200,000, against $1,906,000 for the same period last year. Net earnings attributable to the company was $3,199,000 or $0.09 per basic and diluted share, against $563,000 or $0.02 per basic and diluted share for the same period last year. For the nine months, sales were $387,993,000, against $343,084,000 for the same period last year. Operating income was $756,000, against operating loss of $3,949,000 for the same period last year. Income before taxes was $743,000, against loss before taxes of $3,751,000 for the same period last year. Net income attributable to the company was $1,306,000 or $0.04 per basic and diluted share, against net loss of $3,001,000 or $0.09 per basic and diluted share for the same period last year. The decline in revenue from the prior year was due to the disruption caused by Utilimaster's move of walk-in van production to Bristol, Ind. in the first quarter of 2013 and the completion of a large field service solutions program in mid-2012. Revenue in the fourth quarter is likely to be below fourth-quarter 2013 levels due to seasonal volatility that affected order timing and the lack of Reach(TM) production for the remainder of this year. Including the impact of the charge and lower revenue, the company expects to report an operating loss of approximately $2.4 million in the fourth quarter of 2014. The company continues to project 2014 revenue of $500-$520 million. Looking forward to 2015, the company expects revenue growth in the mid-single digits and to make additional progress in its operational improvement initiatives. The company expects to invest approximately $5 million in the ER segment, with most of that spending occurring in 2015. For the year, the company expects 2015 to result in higher revenue and operating income, including the impact of incremental spending and investment in the ER segment. Capex of $1.6 million.

 

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SPAR

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Valuation SPAR Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.4x
Price/Book 1.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.3x
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