Sparton (SPA) Misses Q4 EPS by 3c
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Sparton Corporation Reports Fiscal 2018 Fourth Quarter Results
September 13, 2018 4:06 PM EDTSCHAUMBURG, Ill.--(BUSINESS WIRE)-- Sparton Corporation (NYSE: SPA) today announced results for the fourth quarter of fiscal year 2018 ended July1, 2018.
Fourth Quarter Financial Results and Highlights
Joseph J. Hartnett, Interim President & CEO, commented, "We are pleased to report that we closed the 2018 fiscal year with a total backlog of $320 million, made up of $148 million in our MDS segment and $172 million in our ECP segment. Gross margins also closed strong with consolidated gross margins reported at 21.9% for the quarter and 21.2% for the year. While this has been a year of... More
