Park Aerospace Q1 2021 Earnings Report

Park Aerospace reported first quarter results with a decrease in net sales and net earnings compared to the previous year.

Key Takeaways

Park Aerospace Corp. reported a decrease in net sales and net earnings for the first quarter of fiscal year 2021 compared to the first quarter of fiscal year 2020. Net sales were $12.213 million, and net earnings from continuing operations were $1.972 million.

Net sales for the first quarter were $12.213 million, a decrease from $14.950 million in the same quarter last year.

Net earnings from continuing operations were $1.972 million, down from $2.714 million in the first quarter of the previous year.

Basic and diluted earnings per share from continuing operations were $0.10, compared to $0.13 in the same quarter of the previous year.

EBITDA from continuing operations was $2.364 million, compared to $3.372 million for the same quarter last year.