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May 29, 2022

Park Aerospace Q1 2023 Earnings Report

Reported first quarter results for fiscal year 2023.

Key Takeaways

Park Aerospace Corp. reported net sales of $12.783 million and net earnings of $1.910 million for the 2023 fiscal year first quarter ended May 29, 2022.

Net sales for the quarter were $12,783,000, compared to $13,594,000 for the same quarter last year.

Net earnings for the quarter were $1,910,000, compared to $2,745,000 for the same quarter last year.

Basic and diluted earnings per share were $0.09, compared to $0.13 for the same quarter last year.

Adjusted EBITDA for the quarter was $2,804,000, compared to $4,104,000 for the same quarter last year.

Total Revenue
$12.8M
Previous year: $13.6M
-6.0%
EPS
$0.09
Previous year: $0.13
-30.8%
Gross Profit
$5.31M
0
Cash and Equivalents
$4.33M
0
Free Cash Flow
-$44K
Previous year: $2.56M
-101.7%
Total Assets
$161M
Previous year: $166M
-2.7%

Park Aerospace

Park Aerospace

Forward Guidance

Forward-looking and other material information may be discussed in the conference call.