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Aug 30, 2020

Park Aerospace Q2 2021 Earnings Report

Park Aerospace reported second quarter results, showing 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 second quarter of fiscal year 2021 compared to the second quarter of fiscal year 2020. Net sales were $9.25 million, and net earnings were $1.151 million.

Net sales for the quarter were $9.25 million, compared to $13.723 million in the same quarter last year.

Net earnings for the quarter were $1.151 million, compared to $2.052 million in the same quarter last year.

Basic and diluted earnings per share from continuing operations were $0.06, compared to $0.10 in the same quarter last year.

EBITDA from continuing operations for the quarter was $1.418 million, compared to $2.406 million in the same quarter last year.

Total Revenue
$9.25M
Previous year: $13.7M
-32.6%
EPS
$0.06
Previous year: $0.1
-40.0%
Gross Profit
$2.64M
Previous year: $3.81M
-30.8%
Cash and Equivalents
$2.29M
Previous year: $25.2M
-90.9%
Free Cash Flow
-$11K
Previous year: -$4.02M
-99.7%
Total Assets
$165M
Previous year: $184M
-10.2%

Park Aerospace

Park Aerospace