8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED):    April 21, 2016

SUPREME INDUSTRIES, INC.

(Exact name of registrant as specified in its charter)

Delaware	1-8183	75-1670945
(State of incorporation)	(Commission File No.)	(IRS Employer Identification No.)

P.O. Box 237

2581 E. Kercher Road

Goshen, Indiana 46528

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code:  (574) 642-3070

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition.

On April 21, 2016, Supreme Industries, Inc. (the “Company”) issued a press release (the “Press Release”) announcing its financial results for the first quarter of 2016.  A copy of the Press Release is being furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference into this Item 2.02.  The foregoing description of the Press Release is qualified in its entirety by reference to Exhibit 99.1.

Pursuant to General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including the exhibit, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liability of that section, and it is not incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

Item 9.01  Financial Statements and Exhibits.

(d)Exhibits.

Pursuant to General Instruction B.2 of Form 8-K, the following exhibit is furnished with this Form 8-K.

99.1Press Release of the Company dated April 21, 2016.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	SUPREME INDUSTRIES, INC.
Date: April 27, 2015	By:	/s/ Mark D. Weber
		Mark D. Weber
		President and Chief Executive Officer

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EXHIBIT INDEX

Exhibit No.	Description
99.1	Press Release of the Company dated April 21, 2016.

4

EX-99.1

Exhibit 99.1

Supreme Industries Reports Strong Net Income in First-Quarter 2016

First-Quarter Net Income Increases 94% to $3.8 Million, Versus $1.9 Million in 2015

Diluted Earnings per Share Doubles to $0.22, Compared with $0.11 in Prior Year

Goshen, Ind. — April 21, 2016 — Supreme Industries, Inc. (NYSE MKT: STS), a leading manufacturer of specialized commercial vehicles including truck bodies, trolleys and specialty vehicles, today announced improved net income for its first quarter ended March 26, 2016.

Net sales in the first quarter increased 10% to $69.4 million, compared with $63.3 million in the previous year. First-quarter net income increased to $3.8 million, up from $1.9 million in last year’s same period — an increase of 94%. Earnings per diluted share doubled to $0.22, compared with $0.11 in the first quarter of 2015.

Due to ongoing strategic marketing and sales efforts, order backlog at March 26, 2016, increased to $102 million, compared with $98 million at the end of the most recent quarter; and, $94 million at the end of last year’s first quarter.

“With positive momentum continuing in the medium duty work truck sector, 2016 is off to a great start at Supreme,” said Mark Weber, President and Chief Executive Officer. “In addition, our sales and operations teams continue to gain positive momentum, and our financial results reflect the hard work and customer commitment demonstrated by our entire organization.”

Gross margin expanded 375 basis points in the first quarter of 2016 to 21.8% of sales, compared with 18.1% of sales in the first quarter of 2015. Improved overhead utilization from increased volume and a more favorable mix of retail sales as compared with last year, drove the margin improvement. This resulted in gross profit increasing 32.5%, to $15.2 million, up from $11.4 million in the comparable year-ago period.

Operating income improved 86%, to $5.8 million, versus $3.1 million in the first quarter of 2015.

Working capital at March 26, 2016 increased modestly, to $54.9 million, compared with $51.6 million at the end of December 2015, to support higher sales volumes and inventory associated with spring fleet orders. Stockholders’ equity increased to $91.9 million at quarter end, compared with $88.6 million at Dec. 26, 2015. Book value per share grew to $5.49 at March 26, 2016, versus $5.32 at the end of 2015.

Conference Call Information

A conference call will take place tomorrow, April 22, 2016, at 9:00 a.m. ET to review the 2016 first quarter results. To participate in the live call, dial 888-349-0089 (International: 412-902-4296) 10 minutes before the call begins, or at 8:50 a.m. ET. The conference ID is 10084621. The call also will be streamed live and can be accessed at www.supremecorp.com. Those unable to participate in the live conference call may access a replay, which will be available on Supreme’s website for approximately 30 days.

Supreme Industries, Inc.
2581 East Kercher Road · PO Box 463 · Goshen, IN 46527

About Supreme Industries

Supreme Industries, Inc. (NYSE MKT: STS), is a nationwide manufacturer of truck bodies, trolleys and specialty vehicles produced to the specifications of its customers. The Company’s transportation equipment products are used by a wide variety of industrial, commercial and law enforcement customers.

News releases and other information on the Company are available online at: www.supremecorp.com or www.b2i.us/irpass.asp?BzID=1482&to=ea&s=0

Investor Relations Contact:

Matthew J. Dennis, CFA

Supreme Investor Relations

574-228-4130

—FINANCIAL RESULTS FOLLOW—

Supreme Industries, Inc.
2581 East Kercher Road · PO Box 463 · Goshen, IN 46527

Supreme Industries, Inc. and Subsidiaries

Condensed Consolidated Statements of Income (Unaudited)

	Three Months Ended
	Mar. 26, 2016			Mar. 28, 2015
Net Sales	$	69,449,903		$	63,295,371
Cost of sales	54,289,246			51,850,345
Gross profit	15,160,657			11,445,026
Selling, general and administrative expenses	9,414,951			8,420,650
Other income	(36,476		)	(78,158		)
Operating income	5,782,182			3,102,534
Interest expense	182,829			243,415
Income before income taxes	5,599,353			2,859,119
Income tax expense	1,840,000			926,000
Net Income	$	3,759,353		$	1,933,119
Income per share:
Basic	$	0.23		$	0.12
Diluted	0.22			0.11
Shares used in the computation of income per share:
Basic	16,682,812			16,569,115
Diluted	17,127,836			16,905,228

Supreme Industries, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets (Unaudited)

	Mar. 26, 2016		Dec. 26, 2015
Assets
Current assets	$	79,071,843	$	74,933,534
Property, plant and equipment, net	45,789,560		46,186,364
Other assets	533,585		609,815
Total assets	$	125,394,988	$	121,729,713
Liabilities
Current liabilities	$	24,129,020	$	23,335,811
Long-term liabilities	9,361,153		9,805,473
Total liabilities	33,490,173		33,141,284
Total stockholders’ equity	91,904,815		88,588,429
Total liabilities and stockholders’ equity	$	125,394,988	$	121,729,713

Supreme Industries, Inc.
2581 East Kercher Road · PO Box 463 · Goshen, IN 46527