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Sparton

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(Q3, 2017)
$95.4 M
Market capitalization(2017-08-15)
$226.8 M
Type
Public
HQ
Schaumburg, US
Founded
1900
Size (employees)
1,697 (est)-6%
Website
sparton.com
Sparton was founded in 1900 and is headquartered in Schaumburg, US

Sparton Office Locations

Sparton has offices in Schaumburg, Strongsville, Longmont, De Leon Springs and in 9 other locations
Schaumburg, US (HQ)
425 N. Martingale Road
Watertown, US
2920 Kelly Ave
Milpitas, US
1940 Milmont Dr
Vaughan, CA
4 Rowntree Dairy Rd
Pittsford, US
160 Office Park Way
Irvine, US
2602 McGaw Ave

Sparton Data and Metrics

Sparton Financial Metrics

Sparton's revenue was reported to be $95.4 m in Q3, 2017
USD

Revenue (Q3, 2017)

95.4 m

Gross profit (Q3, 2017)

16.9 m

Gross profit margin (Q3, 2017), %

18%

Net income (Q3, 2017)

(370 k)

EBIT (Q3, 2017)

1.5 m

Market capitalization (15-Aug-2017)

226.8 m

Cash (02-Apr-2017)

1 m
Sparton's current market capitalization is $226.8 m.
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

64.5 m74.7 m80.1 m

Gross profit Margin, %

19%20%19%

General and administrative expense

55.2 m

Operating expense total

44.6 m57.4 m131.9 m

EBIT

19.9 m17.3 m(51.8 m)

EBIT margin, %

6%5%(12%)

Interest expense

2.5 m3.8 m

Interest income

3 k

Pre tax profit

15 m(55.5 m)

Income tax expense

4 m(17.2 m)

Net Income

13 m11 m(38.3 m)
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2017Q3, 2017

Revenue

77 m85.6 m93.1 m106.7 m103.5 m102.2 m100.4 m97.4 m95.4 m

Cost of goods sold

64.2 m70.5 m74.4 m85.6 m85 m83.1 m83.1 m81.5 m78.5 m

Gross profit

12.8 m15.2 m18.6 m21.1 m18.5 m19.1 m17.3 m15.9 m16.9 m

Gross profit Margin, %

17%18%20%20%18%19%17%16%18%

R&D expense

100 k

General and administrative expense

10.6 m10.8 m11.9 m13.6 m14.3 m13.7 m13.4 m13 m12.9 m

Operating expense total

10.7 m10.8 m11.9 m13.6 m14.3 m13.7 m13.4 m13 m12.9 m

EBIT

829 k2.7 m4.9 m4.5 m454 k2.7 m1.3 m221 k1.5 m

EBIT margin, %

1%3%5%4%0%3%1%0%2%

Interest expense

(746 k)(357 k)(458 k)(885 k)(900 k)(956 k)(1.2 m)(1.1 m)(1.1 m)

Interest income

2 k2 k

Pre tax profit

231 k2.3 m4.5 m3.7 m(412 k)1.7 m167 k(857 k)475 k

Income tax expense

35 k767 k318 k1.3 m(680 k)612 k59 k50 k46 k

Net Income

196 k1.6 m4.1 m2.4 m268 k1.1 m108 k(799 k)(370 k)
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

PP&E

28.5 m32.6 m33.3 m

Goodwill

28.2 m74.2 m12.7 m

Total Assets

199 m337.6 m246 m

Accounts Payable

16.5 m29.9 m38.3 m

Total Debt

217 k

Current Liabilities

41.1 m58.6 m62.4 m

Total Liabilities

167.4 m

Additional Paid-in Capital

19.5 m16 m16.4 m

Retained Earnings

78.9 m89.9 m51.7 m

Total Equity

116.9 m78.6 m

Debt to Equity Ratio

0 x

Debt to Assets Ratio

0 x

Financial Leverage

2.9 x3.1 x
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2017Q3, 2017

Cash

6.5 m3.2 m5.6 m2.2 m4.8 m834 k718 k589 k1 m

Current Assets

112.5 m109 m125.5 m160.7 m150.2 m154.7 m122.6 m113.5 m119 m

PP&E

29.3 m28.8 m29.8 m32.9 m33.8 m34 m32.9 m32.9 m33.8 m

Goodwill

32 m37.9 m54.7 m72.5 m77.3 m76.8 m12.7 m12.7 m12.7 m

Total Assets

207.1 m209.1 m243.5 m319.7 m312.4 m313.4 m234.8 m223.2 m227.5 m

Accounts Payable

17.9 m16.1 m22.2 m26.5 m26.8 m38.3 m34.7 m29.8 m35.4 m

Current Liabilities

47.7 m35.6 m44.4 m53.9 m51.2 m61.8 m52.5 m51.1 m53.6 m

Additional Paid-in Capital

19.2 m15.5 m15.8 m16.5 m16.9 m16.1 m16.8 m17.7 m17.2 m

Retained Earnings

79.1 m80.7 m84.8 m92.3 m92.6 m93.7 m51.8 m50.9 m51.3 m

Total Equity

119.7 m120.3 m120.7 m79.1 m79.2 m79.2 m

Financial Leverage

2.7 x2.6 x2.6 x3 x2.8 x2.9 x
USDFY, 2014FY, 2015FY, 2016

Net Income

13 m11 m(38.3 m)

Depreciation and Amortization

8.1 m6.6 m9.6 m

Accounts Receivable

4.9 m(7 m)23.8 m

Accounts Payable

(2.7 m)(11.3 m)8 m

Cash From Operating Activities

12.5 m4.5 m48.1 m

Purchases of PP&E

(3.5 m)(5.8 m)(6.1 m)

Cash From Investing Activities

(39 m)(104.1 m)(4.8 m)

Long-term Borrowings

(40.6 m)(102.3 m)

Cash From Financing Activities

28.5 m106.5 m(58.1 m)

Interest Paid

631 k1.7 m3.5 m

Income Taxes Paid

7.1 m7.2 m766 k
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2017Q3, 2017

Net Income

196 k1.6 m4.1 m2.4 m268 k1.1 m108 k(799 k)(370 k)

Depreciation and Amortization

1.3 m1.5 m1.5 m2.5 m2.5 m2.4 m2.2 m7.4 m11 m

Accounts Receivable

(637 k)(1.3 m)

Accounts Payable

17.9 m16.1 m22.2 m(11.6 m)(9.3 m)

Cash From Operating Activities

14.7 m15.5 m

Purchases of PP&E

(2.6 m)(4.8 m)

Cash From Financing Activities

(11.6 m)(9.8 m)

Interest Paid

2 m2.4 m

Income Taxes Paid

354 k553 k
Y, 2017

Financial Leverage

2.9 x

Sparton Market Value History

Market Position of Sparton

Competitors

TactoTek
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Taylor Devices
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Traffic Overview of Sparton

Sparton Online and Social Media Presence

Sparton Company Life and Culture

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