Sparton (SPA) Misses Q4 EPS by 10c; Appoints New CFO
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September 8, 2015 4:30 PM EDT
Fourth Quarter Revenue Growth of 35% and Adjusted EBITDA Growth of
29%
SCHAUMBURG, Ill.--(BUSINESS WIRE)--
Sparton Corporation (NYSE: SPA) today announced results for the fourth
quarter of fiscal 2015 ended June 30, 2015. The Company reported fourth
quarter sales of $126.4 million, or an increase of 35% from $93.5
million for the fourth quarter of fiscal 2014. Operating income for the
fourth quarter of fiscal 2015 was $8.8 million, which included $2.8
million for the L-3 settlement and associated legal costs to that matter
incurred in that quarter. This compares to operating income of $5.0
million in the fourth quarter of fiscal 2014,... More
September 8, 2015 9:00 AM EDT
SCHAUMBURG, Ill.--(BUSINESS WIRE)--
Sparton Corporation (NYSE: SPA) announced today that Joseph G. McCormack
has been appointed as the Companys new Chief Financial Officer,
effective immediately.
Mr. McCormack most recently joined Sparton as a Senior Financial
Consultant in June of 2015. Previously, he served as the Chief Financial
Officer of Ingenient Technologies Inc., a global provider of embedded
multimedia systems and solutions where he was responsible for the
worldwide financial organization as well as to drive strategic
initiatives. Mr. McCormack was also a partner with Ernst & Young LLP
where he advised private equity... More
