Spartan Motors Reports Growth in Earnings

Spartan Motors, Inc. announced operating results for the second quarter of 2012. Revenues totaled $114.4 million, up 15 percent from the second quarter of 2011. Spartan reported net income for the second quarter of 2012 of $2.4 million, or $0.07 per diluted share compared to a net loss of $2.2 million, or $0.07 per diluted share in the second quarter of 2011. Excluding restructuring charges of $0.7 million, Spartan posted adjusted operating earnings of $0.08 per diluted share in the second quarter of 2012, versus an adjusted net loss of $0.01 per diluted share in the second quarter of 2011.

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