Sparton (SPA) Misses Q1 EPS by 11c

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Go back to Sparton (SPA) Misses Q1 EPS by 11c

Sparton Corporation Reports Fiscal 2017 First Quarter Results

November 8, 2016 4:10 PM EST

SCHAUMBURG, Ill.--(BUSINESS WIRE)-- Sparton Corporation (NYSE: SPA) today announced results for the first quarter of fiscal year 2017 ended October 2, 2016.

First Quarter Financial Results

Net sales of $100.4 million

Gross profit margin of 17.2%

SG&A expenses of $13.4 million or 13.3% of sales; adjusted SG&A of $12.6 million, 12.6%

Earnings per share of $0.01, adjusted EPS of $0.20

Adjusted EBITDA of $6.1 million, a 6.1% adjusted EBITDA margin

Borrowings under Credit Facility of $95.8 million

First Quarter Highlights

64 new program wins in the MDS Segment with expected annual revenue of $12.2 million when fully ramped up into... More