(May 26, 2017) — Spartan Motors today announced its management will participate in the 14th Annual Craig-Hallum Institutional Investor Conference at the Depot Renaissance Minneapolis Hotel in Minneapolis.
(May 25, 2017) — Spartan Motors announced that James A. Sharman has been elected by its board to serve as chairman of the board, effective immediately. Sharman will succeed Hugh Sloan, who is retiring from this role which he has served in since 2010.
(May 25, 2017) — Ninneman brings more than 25 years of business and leadership experience to the FVS segment, including 10 years anchored in custom vehicle manufacturing across the emergency response, construction, and defense markets, Spartan noted.
(May 24, 2017) — “I’m extremely confident in the ability of the board, the management team, and all of the employees at Spartan Motors to support the momentum that’s building as we execute on some of the most exciting growth opportunities in Spartan’s history,” said Sharman.
(May 5, 2017) — “We remain committed to returning cash dividends to shareholders while simultaneously reinvesting in the business to support our growth goals,” said Adams. “These actions underscore our confidence in our ability to continue to deliver strong, profitable sales and cash flow.”
(May 4, 2017) — Spartan Motors today reported operating results for the first quarter ending March 31, during which sales increased 24.9 percent to $167.1 million from $133.7 million. However, net income declined $1.6 million to a loss of $1.1 million.
(May 3, 2017) — Spartan Motors is set to announce its earnings results on May 4. Spartan Motors has set its FY17 guidance at $0.30-0.36 EPS.
(April 26, 2017) — Spartan Fleet Vehicles and Services, a business unit of Spartan Motors, announced a partnership with Ranger Design, a commercial van outfit manufacturer for mobile professionals, at the National Association of Fleet Administrators (NAFA) Institute and Expo at the Tampa Bay Convention Center in Florida April 25-28.
(April 24, 2017) — Spartan Motors will announce its first-quarter 2017 results prior to the market opening on May 4. The company will also host a conference call and webcast on the same day at 10 a.m. EDT to discuss its financial results with analysts and institutional investors.
(April 11, 2017) — Transportation Division of Overhead Door Corporation (TODCO) has received the Spartan Motors’ 2016 Diamond Award.
(March 27, 2017) — The ball joints on the independent front suspension (IFS) modules can loosen and separate, leading to a partial loss of steering. A separated ball joint can cause a loss of steering control, which increases the risk of a crash, NHTSA warned.
(March 24, 2017) — Spartan Motors has named St. Paul, Minn.-based Waterous as its Supplier of the Year. Additionally, Spartan recognized 12 suppliers with Spartan Diamond awards, and nine others earned Honorable Mention recognitions as part of Spartan’s Annual Supplier Conference, held March 9, at the Charlotte Performing Arts Center, in Charlotte, Mich.
(March 22, 2017) — Spartan Motors announced that management will participate in the Seaport Global Securities Transports & Industrials Conference at the Biltmore Hotel in Coral Gables, Fla., Yahoo Finance reported.
(March 15, 2017) — Spartan Motors CFO Frederick J. Sohm bought 3,000 shares of the business’s stock in a transaction on March 9. The stock was acquired at an average cost of $6.48 per share, for a total transaction of $19,440.00.
(March 14, 2017) — Spartan Motors announced management will participate in the 29th Annual Roth Capital OC Investor Conference at the Ritz Carlton Hotel in Dana Point, Calif.
(March 13, 2017) — The President and CEO of Spartan Motors and corporation’s insider Daryl Adams obtained 54,000 shares of the Michigan-based company based on the average share price of $6.6 per share.
(March 2, 2017) — Another automotive supply company has chosen a Kansas City location, The Kansas City Star reported. Spartan Motors will open a new location in the Hunt Midwest Business Center for assembling its tailored “upfits” of cargo vans and other fleet vehicles, such as the Ford Transit.
(Feb. 23, 2017) — SCV segment sales remained comparable at $129.4 million. Sales of motorhome chassis decreased to $98.0 million from $103.3 million, primarily due to lower shipments year-over-year.
(Feb. 22, 2017) — While Spartan Motors’ latest acquisition is based in Snyder, Neb., the ripple effect of the purchase will touch the company’s Brandon facility.
(Feb. 22, 2017) — Citing financial constraints, heavy-duty vehicle manufacturer Spartan Motors Inc. has ceased its development of the next-generation delivery vehicle for the United States Postal Service.