NetworkNewsBreaks – Spartan Motors, Inc. (NASDAQ: SPAR) Featured in ROTH Equity Research Report

Feb 14, 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.”

To request access to the full report, visit http://nnw.fm/DXCr3

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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