Schaumburg-based Sparton posts profit
Sparton Corp. Friday posted its second quarter of fiscal 2010 ended Dec. 31, 2009, with net income of $3.2 million, or 33 cents per share, compared with a net loss of $2.8 million, or 28 cents loss per share, for the same period a year ago.
Net sales were $47.2 million, a decrease of 13 percent over the same prior year period, Restructuring and impairment charges were $1 million and $31,000 for second quarter 2009 and 2008, respectively.
As of the end of the second quarter, the company said it has substantially completed its restructuring activities.
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