Spartan Motors, Inc. announced improved performance and profitability for its 2010 fourth quarter. Fourth quarter net sales were $126.9 million, an increase of 31.4 percent over the same quarter in 2009, and net sales for the year were reported at $480.7 million, up 17.4 percent from the previous year.
“Our 2010 four-part plan was simple, focused and successful, driving growth in profitable markets, creating compelling products, effectively managing costs and strengthening our balance sheet,” said Spartan President and CEO John Sztykiel. “We remain committed to this strategy as we move forward in 2011.”
He identified a number of profitable growth opportunities and compelling products, among them the “Spartan Force,” a recent addition from Spartan Chassis that he said validates the company’s strategy of shaping its product portfolio consistent with changing customer needs and evolving market conditions.
The Spartan Force is described as a pre-configured, pre-engineered fire truck cab and chassis that is aggressively priced to meet the needs of an increasingly price-sensitive emergency response market.
The company said Crimson Fire continues to enjoy market acceptance for its Transformer and Legend lines of products, and Crimson Fire Aerials completed its relocation to Ephrata, Pa., during the fourth quarter to a purpose-built aerial manufacturing plant that provides additional capacity, streamlined work process flow and state-of-art testing facilities. The move will improve production efficiencies and provide growth opportunities, Spartan said.
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