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.

Type
Subsidiary
Parent Company
Ultra Electronics
HQ
Schaumburg, US
Founded
1900
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
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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%
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
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)
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Sparton Online and Social Media Presence

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Sparton News and Updates

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, …

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.

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

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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