| Sparton Reports Q2 Sales Up 3.6% YoY |
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| Monday, 11 February 2008 08:35 | |||
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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.
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| Last Updated on Monday, 11 February 2008 17:44 |
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EMS Introduces 535-18M-57 UV Cure Adhesive
535-18M-57 UV cured epoxy adhesive is formulated for microelectronic assembly applications. Is an ultra-low stress, low shrinkage, ionically clean, low glass transition temperature UV cure adhesive....
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