Diesel pusher chassis supplier Spartan Motors Inc. reports that strong first quarter sales to the RV industry will result in the company reporting sales and earnings above stock market analysts’ estimates.
Spartan, a Nasdaq Stock Market-listed company, will report its first quarter results on April 25.
“We are pleased with the strength of our first quarter sales, particularly in the RV industry,” said John Sztykiel, president and COO. “Our first quarter sales of motorhome chassis reflect the pent-up demand in the RV market that became evident in late 2001.
“That said, we remain cautious about labeling this a trend as there are a variety of factors that could impact sales in the RV and emergency/rescue markets moving forward,” Sztykiel added.
Spartan’s first quarter sales totaled $66.9 million, while the two Wall Street firms following the company estimated Spartan’s sales would be in the $55.3 million to $57.5 million range during the first three months of this year.
The higher sales revenue total will explain Spartan’s higher first quarter earnings, although the company did not provide a range for its estimated earnings during the first three months of this year. The analysts had predicted Spartan would earn between 15 cents and 16 cents a share during the first quarter.