Spartan Motors (SPAR) Tops Q2 EPS by 11c; Boosts Outlook for FY16 EPS
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Spartan Motors Reports Second Quarter 2016 EPS of $0.13
August 4, 2016 7:31 AM EDTCHARLOTTE, Mich., Aug. 4, 2016 /PRNewswire/ -- Spartan Motors, Inc. (NASDAQ: SPAR) ("Spartan" or the "Company") today reported operating results for the second quarter of 2016. The Company reported net income of $4.4 million, or $0.13 per share, compared to a $1.2 million, or $0.03 per share in the second quarter of 2015.
Second Quarter 2016 Highlights
For the second quarter of 2016 compared to the second quarter of 2015:
Sales increased 12.2% to $162.5 million from $144.8 million Gross margin improved 80 basis points to 12.8% of sales compared to 12.0% of sales Operating expenses declined 30 basis points to 10.1%... More