Spartan Motors (SPAR) Misses Q4 EPS by 25c, Offers FY Guidance

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Go back to Spartan Motors (SPAR) Misses Q4 EPS by 25c, Offers FY Guidance

Spartan Motors Reports Fourth Quarter and Full Year 2015 Results

February 25, 2016 7:30 AM EST

CHARLOTTE, Mich., Feb. 25, 2016 /PRNewswire/ -- Spartan Motors, Inc. (NASDAQ: SPAR) ("Spartan" or the "Company") today reported operating results for the fourth quarter and full year 2015. 

Fourth Quarter 2015 Overview

For the fourth quarter of 2015 compared to the fourth quarter of 2014:

Net sales of $140.6 million, an increase of 18.4% from $118.8 million Operating loss of $10.0 million versus operating loss of $1.9 million, including: Non-recurring warranty accruals of $6.3 million Charge of $1.0 million for wind-down of joint venture with Gimaex ($0.5 million attributable to Spartan... More