- Headquarters: Charlotte, MI
- Founded: 1976
- spartanmotors.com
Spartan Motors announces long-term growth objectives ahead of analyst day
L/T Growth Objectives
- $1 billion in sales by 2020, versus sales of $506.8 million in 2014, representing an ~12% compound annual growth rate
- 10% adjusted EBITDA margin, with earnings outpacing top-line growth
Description
Spartan Motors, Inc. is an engineer and manufacturer in the heavy-duty, custom vehicles marketplace. The Company operates through three segments: Emergency Response Vehicles, Delivery and Service Vehicles, and Specialty Chassis and Vehicles. The Company's Emergency Response Vehicles segment engineers and manufactures emergency response chassis, emergency response bodies and aerial equipment. The Delivery and Service Vehicles segment manufactures delivery and service vehicles through the Company's subsidiary, Utilimaster Corporation (Utilimaster). The Company's Specialty Chassis and Vehicles segment consists of the operations of Spartan Motors Chassis, Inc. (Spartan Chassis) that engineer and manufacture motor home chassis, defense vehicles and other specialty chassis, and distribute related aftermarket parts and assemblies. The Company markets its products under brands, such as Spartan ERV, Aeromaster, Trademaster, Metromaster and Utilivan.
Key stats and ratios
| Q2 (Jun '17) | 2016 | |
| Net profit margin | 0.66% | 1.46% |
| Operating margin | 0.68% | 1.46% |
| EBITD margin | - | 2.98% |
| Return on average assets | 1.48% | 3.65% |
| Return on average equity | 2.95% | 5.69% |
| Employees | 2,340 |
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