The company has not filed an annual or quarterly report since its Q2 FY2019 10-Q, filed Feb 6, 2019. Its latest SEC filing is a CT ORDER from Sep 22, 2020.
10-Q for Q2 FY2019, filed Feb 6, 2019
The sections below describe the company as of the FY2018 annual report.
Provides design and manufacturing services and engineered products to medical, defense and industrial customers, including sonobuoys and rugged display systems.
10-K for FY2018, filed Sep 14, 2018Sparton Corporation and subsidiaries (the “Company” or “Sparton”) has been in continuous existence since 1900. It was last reorganized in…View ↗
MDS segment operations are comprised of contract design, manufacturing and aftermarket repair and refurbishment of sophisticated printed…View ↗
ECP segment operations are comprised of design, development and production of proprietary products for both domestic and foreign defense…View ↗
Sparton earns most revenue from product sales when goods ship, with additional revenue from engineering and design work as services are performed or work progresses. Some long-term sonobuoy contracts are tied to production completed.
10-K for FY2018, filed Sep 14, 2018Revenue recognition — The Company’s net sales are comprised primarily of product sales, with supplementary revenues earned from engineering…View ↗
$375M
10-K for FY2018, filed Sep 15, 2018
$375M ↗
Medical-device, defense and industrial equipment makers place purchase orders for contract design and manufacturing; the U.S. Navy and foreign governments buy sonobuoys through Sparton’s ERAPSCO joint venture, where Sparton and its partner perform subcontracts.
10-K for FY2018, filed Sep 14, 2018MDS segment operations are comprised of contract design, manufacturing and aftermarket repair and refurbishment of sophisticated printed…View ↗
The Company does not believe that the MDS segment is substantially dependent on any individual contract or agreement with any customer and…View ↗
ECP segment operations are comprised of design, development and production of proprietary products for both domestic and foreign defense…View ↗
Sparton is a 50/50 joint venture (“JV”) partner with UnderSea Sensor Systems, Inc. (“USSI”), currently the only other major producer of…View ↗
10-K for FY2018, filed Sep 14, 2018
The only individual customers in excess of 10% of total net sales is the United States Navy. Sales to the United States Navy, including…View ↗
No. It lost $8.3M in FY2018.
10-K for FY2018, filed Sep 15, 2018
10-K for FY2018, filed Sep 15, 2018
$9.5MView ↗
10-K for FY2018, filed Sep 15, 2018
−$8.3MView ↗
10-K for FY2018, filed Sep 15, 2018
−$8.3MView ↗
10-Q for Q2 FY2019, filed Feb 7, 2019
$1.9MView ↗
8-K, filed Mar 4, 2019
On March 4, 2019, Parent completed the acquisition of the Company. Pursuant to the Merger Agreement, at the effective time of the Merger…View ↗
Grew. Revenue grew 11% in 4 years, from $336.5M in FY2014 to $375M in FY2018, about 3% a year.
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