Spartan Motors (SPAR) Misses Q3 EPS by 8c, Revenues Miss; Lowers FY18 EPS Outlook Below Consensus

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Go back to Spartan Motors (SPAR) Misses Q3 EPS by 8c, Revenues Miss; Lowers FY18 EPS Outlook Below Consensus

Spartan Motors Reports Third Quarter 2018 Results

October 31, 2018 7:30 AM EDT

CHARLOTTE, Mich., Oct. 31, 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 third quarter ended September 30, 2018.   

Third Quarter 2018 Overview

For the third quarter of 2018 compared to the third quarter of 2017 the results reflect strong revenue growth and continued profitability from all three business segments.  However, the results were negatively impacted by industry-wide headwinds, including tariff-driven increases in commodity and component costs, chassis shortages, supplier component delays, freight costs and... More