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February 12, 2013
08:05 EDTSPARSpartan Motors expects operating loss for Q1, consensus 2c
The company said, "In the first quarter of 2013, we expect Utilimaster's move to Bristol to adversely impact production levels at our DSV unit. In addition, the industry is experiencing a shortage of certain stripped chassis used in walk-in van production. We are working with other chassis manufacturers and our customers to mitigate the impact of the shortage, which we expect to be an issue primarily in the first half of 2013. Our other operating segments are also expected to experience seasonally lower production rates during the first quarter. Because of lower production rates and the costs of the Bristol relocation project, we expect to post an operating loss for the first quarter of 2013. For the remainder of 2013 we expect improved financial results from the completion of the Bristol move, ramp-up of DSV production and our gross margin improvement plan."
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