Spartan Motors recently reported its operating results for the second quarter ending June 30, showing sales increased $64 million, or 34.8 percent, to $247.9 million, from $184 million.
Net income was $3.5 million, compared to $3.7 million.
“Spartan’s strong second quarter results highlight increasing demand for last-mile delivery and emergency response vehicles and our team’s continued focus on executing efficiencies across our operations,” said Daryl Adams, president and CEO. “We achieved broad-based, positive results in each of our business units. We bolstered our backlog through accelerated order volume and new market initiatives and, with strong momentum heading into the second half of the year, our team is energized to build on our recent successes.”
The specialty chassis and vehicles (SCV) business unit remains focused on driving growth and operating performance within the luxury motor coach segment, as well as new addressable markets for custom chassis and assembly operations.
During the second quarter, SCV entered into an exclusive U.S.-based assembly agreement with Grande West Transportation Group to assemble the Grande West Vicinity model mid-size buses. SCV continued to lead in new technological innovations in luxury motorhome chassis, unveiling the new E-Z Steer technology at the 2019 Entegra Coach Homecoming event in May. This new feature offers adjustable steering wheel position and tension to help reduce driver fatigue on long trips, while also improving maneuverability at low speeds and ease of parking the coach.
The strong relationships the SCV team has built with customers like Entegra Coach continue to pay dividends in the form of enhanced growth opportunities in key market segments, according to the company.
SCV segment sales decreased $5.8 million, or 12.1 percent, to $41.7 million from $47.5 million a year ago. The revenue decrease was mainly due to lower luxury motor coach chassis sales, offset by higher Reach sales and contract manufacturing.
