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Aug 29, 2021

Park Aerospace Q2 2022 Earnings Report

Reported results for the second quarter of fiscal year 2022.

Key Takeaways

Park Aerospace Corp. reported net sales of $13,618,000 and net earnings from continuing operations of $2,022,000 for the 2022 fiscal year second quarter ended August 29, 2021.

Net sales for the quarter were $13,618,000, compared to $9,250,000 for the same quarter last year.

Net earnings from continuing operations for the quarter were $2,022,000, compared to $1,151,000 for the same quarter last year.

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

Adjusted EBITDA from continuing operations for the quarter was $3,232,000, compared to $1,418,000 for the same quarter last year.

Total Revenue
$13.6M
Previous year: $9.25M
+47.2%
EPS
$0.11
Previous year: $0.06
+83.3%
Gross Profit
$4.41M
Previous year: $2.64M
+67.2%
Cash and Equivalents
$21.8M
Previous year: $2.29M
+851.9%
Free Cash Flow
-$2.11M
Previous year: -$11K
+19109.1%
Total Assets
$162M
Previous year: $165M
-1.4%

Park Aerospace

Park Aerospace

Forward Guidance

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