Emergency response sales fell 26.2% to $80.8M
Specialty chassis & vehicles sales up 32.7% to $47.5M.
Gross margin rate improved 280 bps to 14.3%.
SG&A expense rate deleveraged 60 bps to 10.3%.
Adjusted EBITDA margin rate expanded 190 bps to 4.8%.
FY2018 Guidance: Revenue: $790M to $815M; Adjusted EBITDA: $39M to $42M; Net income: $20.2M to $22.4M; Effective tax rate: ~23%; Diluted EPS: $0.58 to $0.64; Adjusted EPS: $0.60 to $0.66; Shares outstanding: ~35.3M.
SPAR -1.05% premarket.
Previously: Spartan Motors EPS in-line, misses on revenue (Aug. 2)
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