Spartan Motors (SPAR) Reports In-Line Q2 EPS, Revenues Miss; Maintains FY18 Guidance

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Go back to Spartan Motors (SPAR) Reports In-Line Q2 EPS, Revenues Miss; Maintains FY18 Guidance

Spartan Motors Delivers Strong Second Quarter 2018 Results

August 2, 2018 7:36 AM EDT

CHARLOTTE, Mich., Aug. 2, 2018 /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 second quarter ending June 30, 2018.   

Second Quarter 2018 Highlights

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 Fleet... More