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Spartan
Spartan

Spartan to Highlight $1 Billion Sale Projection


Spartan Motors will host an analyst and investor day to highlight the company’s long-term growth objectives. During today’s presentation, Spartan will share details of its long-term growth objectives:

  • $1 billion in sales by 2020, versus sales of $506.8 million in 2014, representing an approximate 12-percent compound annual growth rate.
  • 10 percent adjusted EBITDA margin, with earnings outpacing top-line growth.

Management presentations will feature Spartan Motors executives Daryl Adams, president and CEO; Rick Sohm, CFO; and divisional presidents who together will provide an in-depth overview of how the company has laid a solid foundation for Spartan to drive profitable and sustainable growth.   

“Through improved operational discipline and performance, increased accountability and an acute focus on strengthening our team, we are accelerating growth,” said Adams. “Spartan Motors’ financial momentum is increasing because of these changing dynamics, and we are excited to share our progress and the goals we have set for our future.”

Spartan’s path forward, the company said, will be focused on becoming a purpose driven organization. The company looks to accelerate growth through a customer-centric focus, disruptive innovation, solutions-based products, streamlined operations, and a disciplined approach to identifying strategic opportunities.

“We saw the potential to nearly double revenues and have set an aspirational, yet achievable goal with our long-term growth strategy,” said Adams. “We’ve never provided this level of detail as a company, and these objectives represent the visibility we now have as an organization after establishing a solid foundation for continued growth.”

A live audio webcast (and post-event replay) of the formal presentations are accessible on the company’s website. Presentation slides are also available at the same site.

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