Spartan Motors (SPAR) Reports In-Line Q2 EPS, Revenues Miss; Maintains FY18 Guidance
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Spartan Motors Delivers Strong Second Quarter 2018 Results
August 2, 2018 7:36 AM EDTCHARLOTTE, 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.  Â
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