Next, the outlook for delivery and service. That market is good [ph], and we're on track to post revenue growth in 2012 compared to 2011. We need to execute the move to Bristol, continue to bring the Reach to market, and to improve the Reaches' financial performance. As you know, the launch of the Reach occurred one quarter later than we planned. This delayed initial shipments, and it's pushed out most of our volume targets by about one quarter.We're also working to reduce the materials and manufacturing costs of the Reach, as we work through the startup of this new and exciting product. Customer interest remains strong in the Reach, and we're confident in our volume targets. As the volume increases, and as we make some changes to the bill materials, we improve the bill processes, we should be on track to our profitability goals.
Spartan Motors' CEO Discusses 1Q 2012 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts