Sparton
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Sparton

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    • Manufacturing & Industrialdefenseelectronic componentselectronicsmanufacturing equipmentmedical devicessecuritysensors

    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.

    Revenue(FY, 2018)
    $375 M
    TypeSubsidiary
    Parent CompanyUltra Electronics
    HQSchaumburg, US
    Founded1900
    Websitesparton.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
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    Sparton Office Locations

    Sparton has offices in Thuận An, Minneapolis, Watertown, De Leon Springs and in 10 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
    Frederick, US
    4300 Godding Hollow Pkwy
    Irvine, US
    2602 McGaw Ave
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    Sparton Financials and Metrics

    Summary Metrics

    Founding Date

    		1900
    Sparton is a subsidiary of Ultra Electronics

    Sparton Revenue

    Sparton's revenue was reported to be $374.99 m in FY, 2018
    Annual
    USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

    Revenue

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

    Revenue growth, %

    		14%10%(5%)

    Cost of goods sold

    		307.5 m339.2 m325.7 m295.6 m

    Gross profit

    		74.7 m80.1 m71.9 m79.4 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, 2016FY, 2017FY, 2018

    Cash

    		8 m14.9 m132 k988 k1.2 m

    Accounts Receivable

    		46.8 m45.3 m

    Prepaid Expenses

    		5.8 m3.9 m

    Inventories

    		2.7 m5.5 m77.9 m60.2 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, 2016FY, 2017FY, 2018

    Net Income

    		13 m11 m(38.3 m)1.3 m(8.3 m)

    Depreciation and Amortization

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

    Inventories

    		(3.4 m)17.6 m

    Accounts Payable

    		(2.7 m)(11.3 m)8 m(10.3 m)8.5 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
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    Sparton Revenue Breakdown

    Embed Graph

    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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    Competitors

    Broadwind Energy
    Energy & Utilities - Public
    HIOKI E.E. Corporation
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    Raytheon
    Manufacturing & Industrial - Public
    TE Connectivity
    Manufacturing & Industrial - Public
    MTS Systems
    Manufacturing & Industrial - Public
    dormakaba
    Manufacturing & Industrial - Public
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    Sparton Online and Social Media Presence

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    Sparton News and Updates

    September 06, 2018

    Sparton Announces That Navy Has Taken Corrective Action Allowing ERAPSCO to Participate in Bid Process for GFY19-23 Q-125A Production Sonobuoy Solicitation

    SCHAUMBURG, Ill.–( )–Sep. 5, 2018– Sparton Corporation (NYSE:SPA), an industry leader in the design and manufacture of highly-complex electronic and electromechanical devices, today announced that the United States Navy (Navy) has taken corrective action to reopen the competitive range regarding Sol…
    July 30, 2018

    AIT Therapeutics Announces Start of Manufacturing of Ventilator Compatible NO Generator and Delivery System

    FDA 510(k) submission expected in the first quarter of calendar 2019
    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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    Sparton Company Life and Culture

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