Spartan Motors (SPAR) Tops Q4 EPS by 2c
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Spartan Motors Delivers Strong Fourth Quarter and Full Year 2016 Results
February 23, 2017 7:30 AM ESTCHARLOTTE, Mich., Feb. 23, 2017 /PRNewswire/ -- Spartan Motors, Inc. (NASDAQ: SPAR) ("Spartan" or the "Company"), a global leader in specialty chassis and vehicle design, manufacturing and assembly, today reported operating results for the fourth quarter and full year periods ending December 31, 2016. Â
Full Year 2016 Highlights
For the full year 2016 compared to the full year 2015:
Sales increased $40.4 million, or 7.3%, to $590.8 million from $550.4 million Gross profit margin improved 370 basis points to 12.3% of sales from 8.6% of sales Operating income rose $21.1 million, or 169.1%, to $8.6 million from an operating... More
