$138 M

SPA Mkt cap, 15-Oct-2018

$375 M

Sparton Revenue FY, 2018
Sparton Gross profit (FY, 2018)79.4 M
Sparton Gross profit margin (FY, 2018), %21.2%
Sparton Net income (FY, 2018)-8.3 M
Sparton EBIT (FY, 2018)9.5 M
Sparton Cash, 01-Jul-20181.2 M
Sparton EV137 M

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

Sparton Income Statement

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

Gross profit Margin, %

20%19%18%21%

General and administrative expense

55.2m54.1m58.1m

Operating expense total

55.2m54.1m69.9m

Depreciation and amortization

7.3m

EBIT

19.9m17.3m(51.8m)7.6m9.5m

EBIT margin, %

6%5%(12%)2%3%

Interest expense

2.5m3.8m4.4m6.4m

Interest income

3.0k

Pre tax profit

15.0m(55.5m)3.2m3.2m

Income tax expense

4.0m(17.2m)1.9m11.4m

Net Income

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

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q1, 2016Q3, 2016Q2, 2017Q3, 2017Q1, 2018Q3, 2018

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

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

R&D expense

100.0k

General and administrative expense

7.6m8.7m8.8m10.6m10.8m11.9m13.6m14.3m13.4m13.7m13.0m12.9m15.2m42.5m

Operating expense total

7.6m8.7m8.8m10.7m10.8m11.9m16.6m18.1m16.0m16.4m15.7m15.4m17.7m49.7m

Depreciation and amortization

1.9m5.6m

EBIT

3.4m5.3m6.3m829.0k2.7m4.9m4.5m454.0k1.3m2.7m221.0k1.5m(1.8m)3.0m

EBIT margin, %

5%6%8%1%3%5%4%0%1%3%0%2%(2%)1%

Interest expense

158.0k202.0k187.0k746.0k357.0k458.0k885.0k900.0k1.2m956.0k1.1m1.1m1.3m4.2m

Interest income

2.0k2.0k2.0k

Pre tax profit

3.4m5.2m6.3m231.0k2.3m4.5m3.7m(412.0k)167.0k1.7m(857.0k)475.0k(3.1m)(1.2m)

Income tax expense

1.1m1.7m2.0m35.0k767.0k318.0k1.3m(680.0k)59.0k612.0k50.0k46.0k(1.1m)10.0m

Net Income

2.3m3.5m4.2m196.0k1.6m4.1m2.4m268.0k108.0k1.1m(907.0k)429.0k(2.0m)(11.3m)

Sparton Balance Sheet

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

Current Assets

116.6m175.6m130.6m110.4m142.5m

PP&E

28.5m32.6m33.3m34.5m32.8m

Goodwill

28.2m74.2m12.7m12.7m12.7m

Total Assets

199.0m337.6m246.0m217.1m232.0m

Accounts Payable

16.5m29.9m38.3m27.7m28.6m

Short-term debt

900.0k217.0k269.0k163.0k

Current Liabilities

41.1m58.6m62.4m54.3m67.1m

Long-term debt

Total Debt

900.0k217.0k269.0k163.0k

Total Liabilities

167.4m135.3m158.4m

Additional Paid-in Capital

19.5m16.0m16.4m17.9m17.6m

Retained Earnings

78.9m89.9m51.7m53.0m44.7m

Total Equity

116.9m78.6m81.9m73.6m

Debt to Equity Ratio

0 x0 x

Debt to Assets Ratio

0 x0 x0 x

Financial Leverage

2.9 x3.1 x2.7 x3.2 x

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q1, 2016Q3, 2016Q2, 2017Q3, 2017Q1, 2018Q3, 2018

Cash

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

Current Assets

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

PP&E

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

Goodwill

18.8m30.2m28.7m32.0m37.9m54.7m72.5m77.3m12.7m76.8m12.7m12.7m12.7m12.7m

Total Assets

176.6m182.6m193.2m207.1m209.1m243.5m319.7m312.4m234.8m313.4m223.2m227.5m231.8m224.6m

Accounts Payable

16.1m16.9m20.4m17.9m16.1m22.2m26.5m26.8m34.7m38.3m29.8m35.4m30.3m28.4m

Short-term debt

139.0k141.0k1.7m267.0k165.0k267.0k268.0k269.0k218.0k

Current Liabilities

46.3m51.6m49.3m47.7m35.6m44.4m53.9m51.2m52.5m61.8m51.1m53.6m47.8m51.0m

Long-term debt

138.8m133.8m123.4m

Total Debt

139.0k141.0k1.7m138.8m133.8m267.0k123.6m267.0k268.0k269.0k218.0k

Total Liabilities

79.0m80.7m86.7m97.2m101.5m131.6m200.0m192.1m155.7m192.6m144.0m148.3m151.7m153.7m

Additional Paid-in Capital

17.9m18.7m19.1m19.2m15.5m15.8m16.5m16.9m16.8m16.1m17.7m17.2m18.1m18.1m

Retained Earnings

68.2m71.7m76.0m79.1m80.7m84.8m92.3m92.6m51.8m93.7m50.9m51.3m51.0m41.7m

Total Equity

119.7m120.3m79.1m120.7m79.2m79.2m80.1m70.9m

Debt to Equity Ratio

1.2 x1.1 x0 x1 x0 x0 x0 x

Debt to Assets Ratio

0 x0 x0 x0.4 x0.4 x0 x0.4 x0 x0 x0 x

Financial Leverage

2.7 x2.6 x3 x2.6 x2.8 x2.9 x2.9 x3.2 x

Sparton Cash Flow

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

Accounts Receivable

4.9m(7.0m)23.8m1.4m(15.1m)

Inventories

(3.4m)17.6m

Accounts Payable

(2.7m)(11.3m)8.0m(10.3m)8.5m

Cash From Operating Activities

12.5m4.5m48.1m31.5m(4.1m)

Purchases of PP&E

(3.5m)(5.8m)(6.1m)(6.9m)(4.2m)

Cash From Investing Activities

(39.0m)(104.1m)(4.8m)(6.9m)(4.2m)

Long-term Borrowings

(40.6m)(102.3m)

Cash From Financing Activities

28.5m106.5m(58.1m)(23.7m)8.5m

Net Change in Cash

(14.8m)856.0k

Interest Paid

631.0k1.7m3.5m3.8m4.9m

Income Taxes Paid

7.1m7.2m766.0k1.1m392.0k

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q1, 2016Q3, 2016Q2, 2017Q3, 2017Q1, 2018Q3, 2018

Net Income

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

Depreciation and Amortization

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

Accounts Receivable

11.0m14.4m(1.4m)9.5m(637.0k)(1.3m)(8.6m)(20.4m)

Accounts Payable

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

Cash From Operating Activities

4.4m13.1m3.2m21.3m14.7m15.5m(23.2m)(18.3m)

Purchases of PP&E

(1.5m)(3.3m)(1.1m)(5.2m)(2.6m)(4.8m)(455.0k)(3.8m)

Cash From Investing Activities

(1.5m)(2.5m)(4.3m)

Long-term Borrowings

(67.0m)

Cash From Financing Activities

(15.7m)(20.7m)(1.5m)(31.1m)(11.6m)(9.8m)23.0m21.9m

Interest Paid

663.0k1.5m1.1m2.4m2.0m2.4m950.0k3.3m

Income Taxes Paid

2.0k766.0k766.0k354.0k553.0k509.0k675.0k

Sparton Ratios

USDY, 2018

EV/EBIT

14.4 x

EV/CFO

-33.3 x

Financial Leverage

3.2 x
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