Sparton (SPA) Tops Q1 EPS by 8c
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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
