| Sparton Records Record Q1 Sales |
 |
 |
| Thursday, 25 October 2007 04:57 | |||
|
JACKSON, MI – EMS provider Sparton Corp. reported record fiscal 2008 first quarter sales of $58.9 million, up 22% from last year. The net loss narrowed to $1.4 million, from $2.5 million a year ago. The quarter included a $1.6 million writeoff of inventory previously carried as a deferred asset. The writeoff came after an appeals court reversed an earlier ruling in Sparton’s favor. In a press statement, Sparton said it “continues to believe strongly in the merits of its claim for the recovery of these costs and is currently analyzing its options, which may include further appeal.” Gross profit margin was 2.7%, up from 1.5% last year. Gross profit was reduced by 2.8% due to the $1.6 million charge. During the quarter, government sales increased 189%, due to successful sonobuoy testing, but at no or minimal margins. Medical/scientific instrumentation sales rose 29%. The company expects sonobuoy margins to improve in future quarters.
|
|||
| Last Updated on Thursday, 25 October 2007 04:58 |
Columns
| RoHS's Side Benefits |
I have mentioned numerous times that the first purpose of RoHS is to help make recycling easier. So RoHS was developed to support WEEE. One would imagine that, in doing this, the EU was primarily concerned with recycling in the EU. |
| Read more... |
| 2001 vs. 2009: Why Semis Did Better This Time |
The Great Recession that began in the fourth quarter of 2008, at the height of the holiday spending season, had an enormous effect on world economies in 2009. The bursting of the bubble housing market in the US resulted in the meltdown of financial institutions around the world. |
| Read more... |
Features
| Capacitor Testing Challenges and Solutions |
Chip caps are prone to leakage, so consider these test methods for minimizing electrical failures. |
| Read more... |
| 5 Issues Driving the Cost of Poor Quality |
Why common metrics fail to root out the causes, and actually add cost in the process. |
| Read more... |
Search
Search
Login
CB Login
Language
Language
Products
Fujiploy Offers Sarcon GR-Tac
Sarcon GR-Tac is a 0.25-mm thick polyester reinforced thermal interface material. Is reportedly easy to install and typically does not require adhesive; ideal for applications where surface space...
Sarcon GR-Tac is a 0.25-mm thick polyester reinforced thermal interface material. Is reportedly easy to install and typically does not require adhesive; ideal for applications where surface space...
