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Aug 27, 2023

Park Aerospace Q2 2024 Earnings Report

Reported second quarter results for fiscal year 2024.

Key Takeaways

Park Aerospace Corp. reported net sales of $12.481 million and net earnings of $1.746 million for the second quarter of fiscal year 2024.

Net sales for the quarter were $12.481 million, compared to $13.875 million in the same quarter last year.

Net earnings for the quarter were $1.746 million, compared to $1.885 million in the second quarter of the previous year.

Basic and diluted earnings per share were $0.09 for the quarter, consistent with the same quarter last year.

Adjusted EBITDA for the quarter was $2.669 million, compared to $2.709 million for the same quarter last year.

Total Revenue
$12.5M
Previous year: $13.9M
-10.0%
EPS
$0.09
Previous year: $0.09
+0.0%
Gross Profit
$4.08M
Previous year: $4.09M
-0.2%
Cash and Equivalents
$74.2M
Previous year: $3.84M
+1834.7%
Free Cash Flow
-$2.97M
Previous year: -$2.3M
+28.9%
Total Assets
$129M
Previous year: $159M
-19.0%

Park Aerospace

Park Aerospace

Forward Guidance

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