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Aug 28, 2022

Park Aerospace Q2 2023 Earnings Report

Park Aerospace Corp. reported second quarter results for fiscal year 2023.

Key Takeaways

Park Aerospace Corp. reported net sales of $13,875,000 and net earnings of $1,885,000 for the 2023 fiscal year second quarter ended August 28, 2022.

Net sales for the quarter were $13,875,000, compared to $13,618,000 for the same quarter last year.

Net earnings for the quarter were $1,885,000, compared to $2,022,000 for the same quarter last year.

Basic and diluted earnings per share were $0.09 for the quarter, compared to $0.10 for the same quarter last year.

Adjusted EBITDA for the quarter was $2,709,000, compared to $3,232,000 for the same quarter last year.

Total Revenue
$13.9M
Previous year: $13.6M
+1.9%
EPS
$0.09
Previous year: $0.11
-18.2%
Gross Profit
$4.09M
Previous year: $4.41M
-7.4%
Cash and Equivalents
$3.84M
Previous year: $21.8M
-82.4%
Free Cash Flow
-$2.3M
Previous year: -$2.11M
+9.0%
Total Assets
$159M
Previous year: $162M
-2.3%

Park Aerospace

Park Aerospace