Friday, October 28, 2005

Spartan Profit Rises Despite Dip in Motor Home Sales

Spartan Motors Inc., a maker of vehicle chassis, said Thursday that its third-quarter earnings jumped 43 percent as increased sales of higher-profit military and fire truck products made up for a decline in motorhome sales.

Revenue fell 3 percent to $89.3 million from $91.7 million. The Charlotte, Mich.-based company attributed this to a 22 percent decline in sales of recreational vehicle chassis, which was mostly offset by the jump in military and fire truck chassis sales. Full Story...

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