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RVIA Reports Wholesale Shipments for November Down 72% from 2007

Made in the USA
Made in the USA

Recreational Vehicle Industry Association

 

 

York and Company
 

 

 

 

 

Spartan Motors (NYSE: SPAR) Snapshot

 

Company Profile

 

Spartan Motors, Inc. manufactures custom chassis and vehicles for the recreational vehicle, fire truck, ambulance and emergency-rescue markets. The company’s brand names – Spartan®, Crimson Fire® and Road Rescue®.
 

Consolidated Charting

 

Consolidated Statements
              Quarter Ending    
SPAR Income Statement Fiscal Year (December 31)     Q2-05 Q3-05 Q4-05 Q1-06 Q2-06 Q3-06 Q4-06 Q1-07 Q2-07 Q3-07 Q4-07 Q1-08    
  2004 2005 2006 2007 ttm   Jun-05 Sep-05 Dec-05 Mar-06 Jun-06 Sep-06 Dec-06 Mar-07 Jun-07 Sep-07 Dec-07 Mar-08   ttm
Revenue    312,270   343,007   445,378     681,923     803,136      89,341    89,315    75,450  103,666  109,227    108,876    123,608    142,882    152,583    148,891    237,567    264,095    803,136
Cost of Goods Sold   270,892   294,231   372,002     585,421     690,695      76,969    75,795    64,300    86,898    90,553      91,710    102,840    118,191    128,570    131,316    207,344    223,465    690,695
Gross Margin    41,378    48,776    73,376      96,502     112,441      12,372    13,520    11,150    16,768    18,674      17,167      20,768      24,691      24,013      17,575      30,223      40,630    112,441
As a % of Sales 13.3% 14.2% 16.5% 14.2% 14.0%   13.8% 15.1% 14.8% 16.2% 17.1% 15.8% 16.8% 17.3% 15.7% 11.8% 12.7% 15.4%   14.0%
                                         
Operating Expenses                                        
R&D      7,943      9,431    12,622      15,869      16,767       2,212     2,386     2,579     2,845     2,966       3,092       3,720       3,790       3,696       3,840       4,543        4,688      16,767
SG&A    24,451    26,693    31,359      41,384      44,442       6,399     6,810     7,165     7,056     7,673       7,852       8,779       9,482       9,670       9,690      12,542      12,540      44,442
Non Recurring             -            -      2,086              -              -             -           -           -           -           -             -             -             -             -             -             -              -              -
Depreciation            -            -            -              -              -             -           -           -           -           -             -             -             -             -             -             -              -              -
Others             -            -            -              -              -             -           -           -           -           -             -             -             -             -             -             -              -              -
Operating Expenses     32,394    36,124    46,067      57,253      61,209       8,611     9,196     9,744     9,901    10,639      10,943      12,499      13,272      13,366      13,530      17,085      17,228      61,209
As a % of Sales 10.4% 10.5% 10.3% 8.4% 7.6%   9.6% 10.3% 12.9% 9.6% 9.7% 10.1% 10.1% 9.3% 8.8% 9.1% 7.2% 6.5%   7.6%
                                         
Operating Income      8,984    12,652    27,309      39,249      51,232       3,761