Spartan Motors (SPAR) Tops Q1 EPS by 7c; Boosts FY16 Outlook
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Spartan Motors Announces Dividend
May 4, 2016 7:45 AM EDTCHARLOTTE, Mich., May 4, 2016 /PRNewswire/ -- Spartan Motors, Inc. (NASDAQ: SPAR) today announced that its Board of Directors has declared a cash dividend of $0.05 per share of common stock.  Â
The Charlotte, Michigan-based manufacturer of custom chassis, emergency response and delivery and service vehicles reported its semi-annual dividend will be payable on June 23, 2016 to shareholders of record at the close of business on May 19, 2016.Â
"This year marks the 23rd consecutive year that Spartan's Board of Directors has declared a semi-annual dividend. We are pleased to announce this dividend and the confidence in... More
Spartan Motors Reports First Quarter 2016 EPS of $0.02
May 4, 2016 7:30 AM EDTCHARLOTTE, Mich., May 4, 2016 /PRNewswire/ -- Spartan Motors, Inc. (NASDAQ: SPAR) ("Spartan" or the "Company") today reported operating results for the first quarter of 2016. The Company reported net income of $0.5 million, or $0.02 per share, compared to a loss of $2.9 million, or ($0.09) per share in the first quarter of 2015.
First Quarter 2016 Overview
For the first quarter of 2016 compared to the first quarter of 2015:
Net sales of $133.7 million, an increase of 4.1% from $128.4 million Gross margin of 11.8% of sales compared to 9.0% of sales Operating income of $0.7 million versus... More