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Sparton

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    • Manufacturing & Industrialcomponentsdeviceselectromechanicalelectronicssensors

    Sparton Corporation (Sparton) provides electromechanical devices with capabilities that include concept development, industrial design, design and manufacturing engineering, production, distribution, and field service. It operates in three segments: Medical Device (Medical), Defense & Security Systems (DSS), and Electronic Manufacturing Services (EMS). Its products and services include products for original equipment manufacturers (OEM) and emerging technology (ET) customers. These products are microprocessor-based systems, which include transducers, printed circuit boards and assemblies, sensors and electromechanical components, as well as development and design engineering services relating to these product sales. Sparton also develops and manufactures sonobuoys, an anti-submarine warfare (ASW) device.

    Revenue(FY, 2016)
    $419.4 M
    Type
    Subsidiary
    Parent Company
    Ultra Electronics
    HQ
    Schaumburg, US
    Founded
    1900
    Website
    sparton.com
    Sparton was founded in 1900 and is headquartered in Schaumburg, US
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    Key People/Management at Sparton

    Joseph Hartnett

    Joseph Hartnett

    Interim President, Chief Executive Officer, Board Member
    Joseph McCormack

    Joseph McCormack

    Senior Vice-President, Chief Financial Officer
    Gordon Madlock

    Gordon Madlock

    Senior Vice-President, Operations
    Steve Korwin

    Steve Korwin

    Senior Vice-President, Quality & Engineering
    Jim Lackemacher

    Jim Lackemacher

    Group Vice-President, Engineered Products
    Mike Gaul

    Mike Gaul

    Group Vice President, Manufacturing and Design Services

    Sparton Office Locations

    Sparton has offices in Watertown, Minneapolis, De Leon Springs, Brooksville and in 9 other locations
    Schaumburg, US (HQ)
    425 N. Martingale Road
    Birdsboro, US
    1 Riga Ln
    Brooksville, US
    30167 Power Line Rd
    De Leon Springs, US
    5612 Johnson Lake Rd
    Irvine, US
    2602 McGaw Ave
    Longmont, US
    4300 Godding Hollow Pkwy
    Show all (14)
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    Sparton Financials and Metrics

    Summary Metrics

    Founding Date

    		1900
    Sparton is a subsidiary of Ultra Electronics

    Sparton Financials

    Sparton's revenue was reported to be $419.36 m in FY, 2016 which is a 9.7% increase from the previous period.
    Annual
    USDFY, 2014FY, 2015FY, 2016

    Revenue

    		336.1 m382.1 m419.4 m

    Revenue growth, %

    		14%10%

    Cost of goods sold

    		307.5 m339.2 m

    Gross profit

    		74.7 m80.1 m
    Quarterly
    USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q1, 2016Q3, 2016Q2, 2017Q3, 2017Q3, 2018

    Revenue

    		74.2 m84.6 m83.9 m77 m85.6 m93.1 m106.7 m103.5 m100.4 m102.2 m97.4 m95.4 m274.5 m

    Cost of goods sold

    		62 m69.6 m67.5 m64.2 m70.5 m74.4 m85.6 m85 m83.1 m83.1 m81.5 m78.5 m221.8 m

    Gross profit

    		12.2 m15 m16.4 m12.8 m15.2 m18.6 m21.1 m18.5 m17.3 m19.1 m15.9 m16.9 m52.7 m

    Gross profit Margin, %

    		16%18%20%17%18%20%20%18%17%19%16%18%19%
    show all
    Annual
    USDFY, 2014FY, 2015FY, 2016

    Cash

    		8 m14.9 m132 k

    Accounts Receivable

    		137.9 m

    Inventories

    		2.7 m5.5 m5.8 m

    Current Assets

    		116.6 m175.6 m130.6 m
    Quarterly
    USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q1, 2016Q3, 2016Q2, 2017Q3, 2017Q3, 2018

    Cash

    		2.7 m1 m7.5 m6.5 m3.2 m5.6 m2.2 m4.8 m718 k834 k589 k1 m792 k

    Current Assets

    		114.6 m105.1 m112 m112.5 m109 m125.5 m160.7 m150.2 m122.6 m154.7 m113.5 m119 m135.6 m

    PP&E

    		28.6 m28.6 m28.6 m29.3 m28.8 m29.8 m32.9 m33.8 m32.9 m34 m32.9 m33.8 m33.8 m

    Goodwill

    		18.8 m30.2 m28.7 m32 m37.9 m54.7 m72.5 m77.3 m12.7 m76.8 m12.7 m12.7 m12.7 m
    show all
    Annual
    USDFY, 2014FY, 2015FY, 2016

    Net Income

    		13 m11 m(38.3 m)

    Depreciation and Amortization

    		8.1 m6.6 m9.6 m

    Accounts Payable

    		(2.7 m)(11.3 m)8 m
    Quarterly
    USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q1, 2016Q3, 2016Q2, 2017Q3, 2017Q3, 2018

    Net Income

    		2.3 m3.5 m4.2 m196 k1.6 m4.1 m2.4 m2.7 m108 k3.8 m(799 k)(370 k)(11.3 m)

    Depreciation and Amortization

    		1.3 m1.5 m1.5 m3.7 m8 m3.7 m11.8 m7.4 m11 m10 m

    Accounts Payable

    		17.9 m16.1 m22.2 m(2.2 m)(6.5 m)(10.2 m)6.8 m(11.6 m)(9.3 m)(1.8 m)

    Cash From Operating Activities

    		4.4 m13.1 m3.2 m21.3 m14.7 m15.5 m(18.4 m)
    show all
    Show all financial metrics
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    Competitors

    Broadwind Energy
    Energy & Utilities - Public
    Oldham
    Manufacturing & Industrial - Subsidiary
    Newport Corporation
    Manufacturing & Industrial - Subsidiary
    Pyreos
    Manufacturing & Industrial - Private
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    Sparton Online and Social Media Presence

    Embed Graph
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    Sparton News and Updates

    June 20, 2018

    Sonobuoy Market Research Report 2018: Top Players - Sparton, Ultra Electronics, Thales

    The report describes the development of the industry by upstream & downstream, industry overall and development, key companies, as well as type segment & market application and so on, and makes a scientific prediction for the development industry prospects on the basis of analysis, finally, …
    May 22, 2018

    America’s industrial base is at risk, and the military may feel the consequences

    America's aging workforce could limit the Pentagon's ability to keep up with other nations, a new government report warns.
    May 08, 2018

    BRIEF-Ultra Electronics And Sparton Corp JV gets $70.3M For U.S. Navy Sonobuoy Contracts

    * ULTRA ELECTRONICS USSI AND SPARTON CORPORATION JOINT VENTURE (ERAPSCO) AWARDED $70.3M FOR U.S. NAVY SONOBUOY CONTRACTS
    March 05, 2018

    Shares in Ultra Electronics drop as it scraps a deal to buy rival Sparton

    Defence firm Ultra Electronics tumbled this morning as it scrapped a $235m (£170m) deal to buy a US rival and reported a drop in profits. Ultra agreed to buy Sparton Corporation, which makes anti-submarine warfare devices used by the US Navy, in July. However, following discussions with the US De…
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