Seeking Alpha

Sparton climbs AH on FQ4 beat

  • Shares of Sparton (SPA) are up 13.6% AH following the company's FQ4 beat.
  • Sparton ended the quarter with a sales backlog of $199.8M, including $31.9M from newly-acquired Onyx EMS, representing a 35% Y/Y increase. (PR)
  • Medical Devices revenue grew $3.4M from FQ4 2012, Complex Systems $0.8M (7%), and Defense & Security Systems $8.3M (40%).
  • The acquisition of the Onyx medical business resulted in revenue of $13.1M, EBITDA of $1.7M, and operating income of $0.6M.
  • Conference call scheduled for 11 am ET tomorrow
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