Spartan Motors (SPAR) Tops Q3 EPS by 14c; Maintains FY Outlook
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/14/2026
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- Oil rises after US threatens indefinite blockade of Iran; set for weekly gains
- Are KOSPI and SOX in a bubble? Citi answers
- Could Intel return to the red-hot memory market after $20B raise and recent hire?
Spartan Motors Reports Third Quarter Net Income of $13.5 Million; Increases 391%, on 27% Sales Growth
November 1, 2017 7:30 AM EDTCHARLOTTE, 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