SPARrising

2016 Annual Report Resource NASDAQ: SPAR

2016: A Year in Review

2016 was a winning year for Spartan, as we took the necessary steps to get our leadership team in place, leveraged our Spartan Production System which steered the company on our lean manufacturing and continuous improvement journey, and saw profits better than any year since 2009. The result is a stronger, more nimble company with a deeper and more dependable product portfolio that is decidedly in growth mode. Experience the success with us! NASDAQ: SPAR

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Highlighted Financial Results for 2016

Revenue of $590.8M Up 7.3%

Net Income improved by $25.6M to $8.6 M

Earnings Increased to $0.25/Share from a loss of $0.50/Share

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Safe Harbor StatementForward-Looking Statements

This Annual Report and video contains several forward-looking statements that are not historical facts, including statements concerning our business, strategic position, financial projections, financial strength, future plans, objectives, and the performance of our products and operations. These statements can be identified by words such as "believe," "expect," "intend," "potential," "future," "may," "will," "should," and similar expressions regarding future expectations. These forward-looking statements involve various known and unknown risks, uncertainties, and assumptions that are difficult to predict with regard to timing, extent, and likelihood. Therefore, actual performance and results may materially differ from what may be expressed or forecasted in such forward-looking statements. Factors that could contribute to these differences include operational and other complications that may arise affecting the implementation of our plans and business objectives; continued pressures caused by economic conditions and the pace and extent of the economic recovery; challenges that may arise in connection with the integration of new businesses or assets we acquire or the disposition of assets; restructuring of our operations, and/or our expansion into new geographic markets; issues unique to government contracting, such as competitive bidding processes, qualification requirements, and delays or changes in funding; disruptions within our dealer network; changes in our relationships with major customers, suppliers, or other business partners, including Isuzu; changes in the demand or supply of products within our markets or raw materials needed to manufacture those products; and changes in laws and regulations affecting our business. Other factors that could affect outcomes are set forth in our Annual Report on Form 10-K and other filings we make with the Securities and Exchange Commission (SEC), which are available at www.sec.gov or our website. All forward-looking statements in this Annual Report and video are qualified by this paragraph. Investors should not place undue reliance on forward-looking statements in this release, whether as a result of new information, future events, or otherwise.