SCHAUMBURG, IL -- Sparton today announced fiscal third quarter net sales of $93.9 million

Adjusted EBITDA was $6 million, and adjusted EBITDA margin was 6.4% for the period ended Apr. 1.

The firm's contract manufacturing (MDS) segment reported sales of $59.8 million and operating income of $204,000. Revenues are down from last year, when the segment reported sales of $61.1 million. The operating income improved from a loss of $722,000. New program wins the quarter have expected revenue of $19.1 million when fully ramped up into production. Backlog as of Apr. 1 was $149 million.

The ECP segment reported gross sales of $37.2 million and operating income of $6.4 million. "We are pleased with this quarter’s operating performance and the continued progress we have made in our business development efforts and improvements in operations while we continue to explore a potential sale transaction," said Joseph J. Hartnett, interim president and CEO.

On Mar. 5, Sparton announced the termination of a merger agreement with Ultra Electronics as a result of the staff of the US Department of Justice informing the parties that it intended to recommend that the DoJ block the merger. At that time, the company announced that it will seek to re-engage with parties that previously expressed an interest in acquiring all or a part of Sparton and that are in a position to expeditiously proceed to effect such a transaction. The company is currently in active discussions with interested parties.

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