Spartan Motors (SPAR) Tops Q3 EPS by 14c; Maintains FY Outlook

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 11/4/2026

1. AMD
2. BKNG
3. AMGN
4. DOX
5. DUOL
6. SWKS
7. ANET
8. SPY
9. XYZ
10. CVS

Go back to Spartan Motors (SPAR) Tops Q3 EPS by 14c; Maintains FY Outlook

Spartan Motors Reports Third Quarter Net Income of $13.5 Million; Increases 391%, on 27% Sales Growth

November 1, 2017 7:30 AM EDT

CHARLOTTE, Mich., Nov. 1, 2017 /PRNewswire/ -- Spartan Motors, Inc. (NASDAQ: SPAR) ("Spartan" or the "Company") today reported operating results for the third quarter ending September 30, 2017.  The Company reported net income of $13.5 million, or $0.38 per share, compared to $2.7 million, or $0.08 per share, in the third quarter of 2016.

Third Quarter 2017 Highlights

For the third quarter of 2017 compared to the third quarter of 2016:

Sales increased 27.3% to $189.2 million from $148.7 million. Gross margin improved 300 basis points, or 24.8%, to 15.1% of sales compared to 12.1% of sales. Net income... More