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Sparton Corp (SPA.N)

SPA.N on New York Stock Exchange

23.10USD
17 Nov 2017
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$0.06 (+0.26%)
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Latest Key Developments (Source: Significant Developments)

Sparton Corporation reports Fiscal 2018 first quarter results
Thursday, 9 Nov 2017 04:05pm EST 

Nov 9 (Reuters) - Sparton Corp :Sparton Corporation reports Fiscal 2018 first quarter results.Q1 sales $82.8 million.Q1 adjusted earnings per share $0.00.Q1 loss per share $0.29.  Full Article

Ultra Electronics updates on pending acquisition of Sparton
Monday, 25 Sep 2017 07:05am EDT 

Sept 25 (Reuters) - Ultra Electronics: :SAYS RECEIVED REQUEST FOR ADDITIONAL INFORMATION FROM UNITED STATES DEPARTMENT OF JUSTICE (DOJ) IN CONNECTION WITH ULTRA'S PENDING ACQUISITION OF SPARTON.  Full Article

SPARTON CORP Q4 EARNINGS PER SHARE $0.17
Thursday, 14 Sep 2017 04:05pm EDT 

Sept 14 (Reuters) - Sparton Corp :SPARTON CORPORATION REPORTS FISCAL 2017 FOURTH QUARTER RESULTS.Q4 SALES $104.4 MILLION.Q4 EARNINGS PER SHARE $0.17.SPARTON CORP QTRLY ADJUSTED EARNINGS PER SHARE $0.38.  Full Article

Ultra Electronics bid to buy U.S. warfare device maker Sparton approved by shareholders
Tuesday, 29 Aug 2017 08:19am EDT 

Aug 29 (Reuters) - Ultra Electronics :RESOLUTION PUT TO ULTRA SHAREHOLDERS TO APPROVE PROPOSED ACQUISITION OF SPARTON WAS PASSED WITH REQUISITE MAJORITY ON A SHOW OF HANDS.  Full Article

Ultra Electronics raises 137.4 mln stg via placing
Friday, 7 Jul 2017 05:45am EDT 

July 7 (Reuters) - Ultra Electronics Holdings Plc :7,047,168 ordinary shares of 5 pence each in Ultra have been placed by Investec at a price of 1,950 pence per share, raising about 137.4 mln stg.  Full Article

Ultra Electronics to BUY Sparton for $23.50 per share
Friday, 7 Jul 2017 02:00am EDT 

July 7 (Reuters) - Ultra Electronics Holdings Plc::Entered conditional merger agreement to acquire Sparton for $23.50 per Sparton share in cash.Deal values Sparton's total equity at approximately $234.8 million.Co to assume Sparton's net debt at completion; adjusting for targeted cost savings, it equates to pro forma 2016 EV/EBITDA multiple of 7.6 times.Launch of placing with institutional investors of 7 million shares of 5 pence each in capital of ultra at 1,950 pence per share.Proceeds of placing to be to part-fund deal, with remaining consideration funded through drawdown under co's existing bank facilities.  Full Article

Ultra Electronics confirms discussions to buy Sparton Corp
Monday, 26 Jun 2017 02:00am EDT 

June 26 (Reuters) - Ultra Electronics Holdings Plc ::Response to recent press speculation.Confirm in advanced discussions to buy whole of issued share capital of New York Stock Exchange listed Sparton Corporation.Should ultra acquire Sparton, intends to sell Sparton's other business, manufacturing & design services division.Deal, if agreed, is expected to be funded by co's debt facilities, equity placing of shares representing up to 9.99 percent.Deal, if completed, not expected to alter co's objective of returning to through-cycle target of 85 pct cash conversion in medium term.  Full Article

Ultra Electronics USSI and Sparton Corporation JV awarded U.S. Navy Sonobuoy contract
Monday, 15 May 2017 08:30am EDT 

May 15 (Reuters) - Sparton Corp :Ultra Electronics USSI and Sparton Corporation joint venture (ERAPSCO) awarded $77.6 million for U.S. Navy Sonobuoy contract.Co and Ultra Electronics Holdings awarded subcontracts valued at $77.6 million to their ERAPSCO joint venture.Erapsco will provide production subcontracts in amount of $36.1 million to Ultra Electronics USSI .Erapsco will provide production subcontracts in amount of $41.5 million to Sparton De Leon Springs.Sparton- production expected to be completed by April 2019.  Full Article

Sparton Corp reports Q3 sales $95.4 million
Tuesday, 9 May 2017 04:05pm EDT 

May 9 (Reuters) - Sparton Corp :Sparton Corporation reports fiscal 2017 third quarter results.Sees Q4 2017 revenue $97 million to $101 million.Q3 sales $95.4 million.Q3 earnings per share $0.04.FY2017 earnings per share view $1.00, revenue view $409.3 million -- Thomson Reuters I/B/E/S.Q4 earnings per share view $0.41, revenue view $110.9 million -- Thomson Reuters I/B/E/S.  Full Article

Sparton Corpo and Ultra Electronics USSI JV for Sonobuoy Tech Systems awarded $14.8 mln in foreign sales contracts
Tuesday, 11 Apr 2017 08:30am EDT 

Sparton Corp : Sparton Corporation and Ultra Electronics USSI joint venture for Sonobuoy Tech Systems awarded $14.8m in foreign sales contracts . Sparton Corp - Co, Ultra Electronics USSI announce award of subcontracts valued at $14.8 million from their Erapsco/Sonobuoytech Systems joint venture .Sparton - As per subcontracts, production will take place at Ultra Electronics USSI's Indiana facility and Sparton's Florida facility.  Full Article