Sparton (SPA) Tops Q1 EPS by 8c

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Sparton Corporation Reports Fiscal 2016 First Quarter Adjusted Earnings Per Share of $0.41

November 5, 2015 5:30 PM EST

First Quarter Revenue Growth of 39% and Adjusted EBITDA Growth of 91%

SCHAUMBURG, Ill.--(BUSINESS WIRE)-- Sparton Corporation (NYSE: SPA) today announced results for the first quarter of fiscal 2016 ended September 27, 2015. The Company reported first quarter sales of $106.7 million, an increase of 39%, from $77.0 million for the first quarter of fiscal 2015. Operating income for the first quarter of fiscal 2016 was $4.5 million compared to $0.8 million in the first quarter of fiscal 2015. Net income for the first quarter of fiscal 2016 was $2.4 million ($4.0 million adjusted) or $0.24 ($0.41 adjusted) per share, basic and diluted compared to net income of $0.2... More