OverviewSuggest Edit

Sparton provides design, development, and manufacturing services for electromechanical devices; and engineered products in electromechanical value stream. It operates in three segments: Medical Device, Defense & Security Systems, and Electronic Manufacturing Services. Its products and services include products for original equipment manufacturers and emerging technology 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 device.

TypePublic
Founded1900
HQSchaumburg, US
Websitesparton.com
Employee Ratings2.9

Latest Updates

Employees (est.) (Feb 2019)1,531
Job Openings41
Revenue (FY, 2018)$375 M(-5%)
Share Price (Mar 2019)$18.5

Key People/Management at Sparton

Paul Fraipont

Paul Fraipont

President & CEO, Manufacturing and Design Services
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
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Sparton Office Locations

Sparton has offices in Schaumburg, Strongsville, Plaistow, Pittsford and in 10 other locations
Schaumburg, US (HQ)
2050 E Algonquin Rd Suite 602
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
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Sparton Financials and Metrics

Sparton Revenue

Sparton's revenue was reported to be $374.99 m in FY, 2018
USD

Revenue (Q2, 2019)

105.2m

Gross profit (Q2, 2019)

23.1m

Gross profit margin (Q2, 2019), %

21.9%

Net income (Q2, 2019)

1.9m

EBIT (Q2, 2019)

5.3m

Market capitalization (4-Mar-2019)

182.0m

Closing stock price (4-Mar-2019)

18.5

Cash (30-Dec-2018)

1.4m

EV

180.7m
Sparton's current market capitalization is $182 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

336.1m382.1m419.4m397.6m375.0m

Revenue growth, %

14%10%(5%)

Cost of goods sold

307.5m339.2m325.7m295.6m

Gross profit

74.7m80.1m71.9m79.4m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q1, 2016Q3, 2016Q2, 2017Q3, 2017Q1, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

74.2m84.6m83.9m77.0m85.6m93.1m106.7m103.5m100.4m102.2m97.4m95.4m82.8m274.5m89.5m105.2m

Cost of goods sold

62.0m69.6m67.5m64.2m70.5m74.4m85.6m85.0m83.1m83.1m81.5m78.5m66.8m221.8m71.8m82.2m

Gross profit

12.2m15.0m16.4m12.8m15.2m18.6m21.1m18.5m17.3m19.1m15.9m16.9m15.9m52.7m17.6m23.1m

Gross profit Margin, %

16%18%20%17%18%20%20%18%17%19%16%18%19%19%20%22%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

8.0m14.9m132.0k988.0k1.2m

Accounts Receivable

46.8m45.3m

Prepaid Expenses

5.8m3.9m

Inventories

2.7m5.5m77.9m60.2m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q1, 2016Q3, 2016Q2, 2017Q3, 2017Q1, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

2.7m1.0m7.5m6.5m3.2m5.6m2.2m4.8m718.0k834.0k589.0k1.0m319.0k792.0k1.2m1.4m

Current Assets

114.6m105.1m112.0m112.5m109.0m125.5m160.7m150.2m122.6m154.7m113.5m119.0m128.7m135.6m149.7m143.1m

PP&E

28.6m28.6m28.6m29.3m28.8m29.8m32.9m33.8m32.9m34.0m32.9m33.8m33.4m33.8m32.0m32.0m

Goodwill

18.8m30.2m28.7m32.0m37.9m54.7m72.5m77.3m12.7m76.8m12.7m12.7m12.7m12.7m12.7m12.7m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

13.0m11.0m(38.3m)1.3m(8.3m)

Depreciation and Amortization

8.1m6.6m15.7m14.4m13.2m

Inventories

(3.4m)17.6m

Accounts Payable

(2.7m)(11.3m)8.0m(10.3m)8.5m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q1, 2016Q3, 2016Q2, 2017Q3, 2017Q1, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

2.3m3.5m4.2m196.0k1.6m4.1m2.4m2.7m108.0k3.8m(799.0k)(370.0k)(2.0m)(11.3m)212.0k2.1m

Depreciation and Amortization

1.3m1.5m1.5m3.7m8.0m3.7m11.8m7.4m11.0m3.5m10.0m3.1m6.1m

Accounts Payable

17.9m16.1m22.2m(2.2m)(6.5m)(10.2m)6.8m(11.6m)(9.3m)(4.9m)(1.8m)6.3m11.2m

Cash From Operating Activities

4.4m13.1m3.2m21.3m14.7m15.5m(23.2m)(18.3m)12.2m22.7m
USDY, 2018

EV/EBIT

34.4 x

EV/CFO

8 x

Revenue/Employee

68.7k

Financial Leverage

3 x
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Sparton Revenue Breakdown

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Sparton revenue breakdown by business segment: 36.1% from Engineered Components and Products and 63.9% from Manufacturing and Design Services

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Sparton Online and Social Media Presence

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Sparton News and Updates

Sparton Resources Inc. Private Placement Financing Closed

TORONTO, Feb. 20, 2019 (GLOBE NEWSWIRE) -- Sparton Resources Inc. (TSXV.SRI) ("Sparton" or the "Company") announced today that it has closed, effective February 20, 2019, agreements for private placement financing totalling $100,000 through the sale of 1,430,000 flow through shares to three accred…

Sparton Resources Inc. Private Placement Financing

TORONTO, Feb. 12, 2019 (GLOBE NEWSWIRE) -- Sparton Resources Inc. (TSXV.SRI) ("Sparton" or the "Company") announced today that it intends to enter into agreements for a private placement financing totalling up to $100,000 through the sale of up to 1,428,572 flow through shares to accredited invest…

SPARTON INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Sparton Corporation - SPA

NEW ORLEANS, Dec. 20, 2018 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Sparton Corporation ("Sparton") (NYSE: SPA) to an affiliate of Cerberus Capital Management,...

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Sparton Corporation

NEW YORK, Dec. 12, 2018 /PRNewswire/ -- Rowley Law PLLC is investigating potential claims against Sparton Corporation (NYSE: SPA) and its board of directors for breach of fiduciary duty concerning the proposed acquisition of the company by Cerberus Capital Management, L.P. Stockholders...

Sparton shares surge 38% on news company is being acquired by Cerberus

Sparton Corp.'s shares soared 38% in premarket trade Wednesday, after the maker of electromechanical devices for the medical, military and industrial sectors said it has agreed to be acquired by private-equity firm Cerberus for $18.50 a share in cash. The price offers a premium of 41% over Sparton'…

Sparton Resources Inc.: Private Placement Financing

Additional Drilling at Bruell Gold Project Additional Drilling at Bruell Gold Project
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Sparton Frequently Asked Questions

  • When was Sparton founded?

    Sparton was founded in 1900.

  • Who are Sparton key executives?

    Sparton's key executives are Paul Fraipont, Joseph McCormack and Gordon Madlock.

  • How many employees does Sparton have?

    Sparton has 1,531 employees.

  • What is Sparton revenue?

    Latest Sparton annual revenue is $375 m.

  • What is Sparton revenue per employee?

    Latest Sparton revenue per employee is $244.9 k.

  • Who are Sparton competitors?

    Competitors of Sparton include dormakaba, MTS Systems and TE Connectivity.

  • Where is Sparton headquarters?

    Sparton headquarters is located at 2050 E Algonquin Rd Suite 602, Schaumburg.

  • Where are Sparton offices?

    Sparton has offices in Schaumburg, Strongsville, Plaistow, Pittsford and in 10 other locations.

  • How many offices does Sparton have?

    Sparton has 14 offices.