Spartan Motors: 2Q Earnings Snapshot
CHARLOTTE, Mich. (AP) _ Spartan Motors Inc. (SPAR) on Thursday reported second-quarter earnings of $3.5 million.
The Charlotte, Michigan-based company said it had profit of 10 cents per share. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to 15 cents per share.
The maker of chassis for fire trucks, RVs and other vehicles posted revenue of $247.9 million in the period.
Spartan Motors expects full-year earnings in the range of 70 cents to 77 cents per share, with revenue in the range of $960 million to $990 million.
Spartan Motors shares have risen 66% since the beginning of the year. The stock has declined 19% in the last 12 months.