Spartan Motors, Inc., through its subsidiaries, engineers, manufactures, and sells heavy-duty and purpose-built specialty vehicles in the United States, Canada, South America, and Asia. It operates through three segments: Fleet Vehicles and Services, Emergency Response Vehicles, and Specialty Chassis and Vehicles. The Fleet Vehicles and Services segment provides walk-in vans, cutaway vans, truck bodies, and parts and accessories for use in e-commerce/last mile/parcel delivery, beverage and grocery delivery, mobile retail, and trades and construction industries under the Aeromaster, Velocity, Ultimate, Trademaster, Metromaster, Utilivan, Spartan Upfit Services, and Reach brands. This segment also installs specialty interior and exterior up-fit equipment for walk-in vans, truck bodies, and passenger vans under Specialty Up-fit name; and distributes related aftermarket parts and accessories. The Emergency Response Vehicles segment provides emergency response cabs and chassis, pumpers, aerial ladder components for fire trucks, rescue equipment, tankers, and parts and accessories under the Spartan, Smeal, Ladder Tower, and UST brands, as well as offers body, aerial, pump, drivetrain, and chassis repair and maintenance services. The Specialty Chassis and Vehicles segment offers motor home chassis; and defense and specialty chassis and vehicles, as well as provides related aftermarket parts and accessories, and maintenance and repair services. This segment also offers assembly services for Isuzu N-gas and F-series chassis. The company sells its products through a network of independent truck dealers, original equipment manufacturers, dealer distributors, leasing companies, and municipalities and other governmental entities, as well as to commercial and individual end users. Spartan Motors, Inc. was founded in 1975 and is headquartered in Charlotte, Michigan.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Motor vehicles & car bodies
Sub-IndustryAuto Parts & Equipment
SectorAuto/Tires/Trucks
SymbolNASDAQ:SPAR
CUSIP84681910
Phone517-543-6400
Debt
Debt-to-Equity Ratio0.10
Current Ratio1.78
Quick Ratio1.28
Price-To-Earnings
Trailing P/E Ratio27.74
Forward P/E Ratio18.59
P/E GrowthN/A
Sales & Book Value
Annual Sales$707.10 million
Price / Sales0.59
Cash Flow$0.5705 per share
Price / Cash20.86
Book Value$4.79 per share
Price / Book2.48
Profitability
EPS (Most Recent Fiscal Year)$0.43
Net Income$15.93 million
Net Margins3.28%
Return on Equity10.84%
Return on Assets5.91%
Miscellaneous
Employees2,327
Outstanding Shares35,190,000
Market Cap$519.07 million
