Sparton Reports Q2 Sales Up 3.6% YoY PDF Print E-mail
Monday, 11 February 2008 08:35
JACKSON, MI – EMS provider Sparton Corp. reported 2008 second-quarter net sales of $55 million, up 3.6% year-over-year. The net loss for the quarter ended Dec. 31 rose to $1.9 million, from $1.4 million in 2006.
The company reported operating losses of $1.5 million, up from $831,000 a year ago. The gross profit margin was 6.7%.
Net sales for the six months ended Dec. 31 totaled $113.8 million, up 12.3% compared to the prior year, the company says. The net loss narrowed from $3.8 million to $3.3 million, and the operating loss narrowed from $4.3 million to $3.5 million.
For the quarter, medical/scientific instrumentation sales increased 22.4%. Sales to the aerospace market increased slightly. Industrial/other sales declined 38.9%. This decrease was a result of reduced sales to two customers, which accounted for a combined sales drop of $5.3 million and $9.2 million, respectively.
Last Updated on Monday, 11 February 2008 17:44


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