Diesel-pusher motorhome chassis supplier Spartan Motors Inc. will introduce a new chassis during the National RV Trade Show in Louisville in early December to capitalize on the continued growth of the diesel-pusher segment, the company announced today (Oct. 23).
Additionally, Spartan, which also makes firetruck chassis and emergency rescue vehicles, reported its third-quarter earnings were down 53% when compared with the same period a year ago, although its earnings were in line with Wall Street’s estimates.
Spartan’s net earnings during the three months ended Sept. 30 amounted to $1.5 million, compared with $3.1 million during the third quarter of 2002.
The company’s third-quarter sales declined 5% to $60.8 million, compared with $64.1 million a year earlier.
After the first nine months of this year, Spartan’s earnings were down 50% to $4.8 million, compared with $9.5 million a year earlier. Its sales also were down 10% during the nine-month period to $176.3 million, compared with $196.1 million in the first nine months of 2002.
“We continue to see momentum in sales and orders of emergency rescue vehicles and saw an improvement in RV sales and chassis orders,” President and CEO John Sztykiel said of the third quarter.
“The overall Class A diesel RV market is growing, with the low- to midlevel diesel segment experiencing the highest percentage gain,” Sztykiel said. “The Spartan brand is highly regarded in the RV market and our task now is to sharpen our focus on reducing costs and developing new products, so we can leverage the strength of our brand to compete in the low- to midlevel market.”