Feb 13, 2020
Spartan Motors (NASDAQ: SPAR) was featured in a recent Equity Research Report published by ROTH Capital Partners, LLC. The report reads, “Earlier today, SPAR announced the sale of its Emergency Response (ER) segment to REV Group (REVG-NC) for $55mn in cash. We see the sale as a positive development as management can focus time and resources on the more profitable and faster growing FVS and SCV businesses. Shares jumped ~6% on the news; however, we believe the stock continues to move higher as we see the transaction driving an improvement in margins and ROIC, while strengthening the balance sheet. Reiterate Buy.”
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About Spartan Motors
Spartan Motors, Inc. is the North American leader in specialty vehicle manufacturing and assembly for the commercial and retail vehicle industries (including last-mile delivery, specialty service and vocation-specific upfit segments), as well as for recreational vehicle markets. The Company is organized into two core business segments: Spartan Fleet Vehicles and Services and Spartan Specialty Vehicles. Today, its family of brands also include Utilimaster, Royal Truck Body, Strobes-R-Us, Spartan Chassis, Spartan Authorized Parts, Spartan Authorized Service Centers, and Spartan Factory Service Centers. Spartan Motors and its go-to-market brands are well known in their respective industries for quality, durability, aftermarket product support and first-to-market innovation. The Company employs approximately 2,500 associates, and operates facilities in Michigan, Indiana, Pennsylvania, South Carolina, Florida, Missouri, California, Arizona, Texas, and Saltillo, Mexico. Spartan reported sales of $816 million in 2018. For more information, visit the company’s website at www.SpartanMotors.com.
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