Spartan Motors Delivers Strong Second Quarter 2018 Results
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Spartan Motors (SPAR) Reports In-Line Q2 EPS, Revenues Miss; Maintains FY18 Guidance
August 2, 2018 7:40 AM EDTSpartan Motors (NASDAQ: SPAR) reported Q2 EPS of $0.12, in-line with the analyst estimate of $0.12. Revenue for the quarter came in at $184 million versus the consensus estimate of $190.85 million.
For the second quarter of 2018 compared to the second quarter of 2017:
Sales increased $14.3 million, or 8.4%, to $184.0 million, from $169.7 million.Gross profit margin improved 280 basis points to 14.3% of sales, from 11.5% of sales. Commodity cost increases in 2018 resulted in a $1.0 million reduction to gross profit, primarily in... More