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Dec 01, 2019

Park Aerospace Q3 2020 Earnings Report

Reported third quarter results and declared a special cash dividend.

Key Takeaways

Park Aerospace Corp. reported increased net sales and net earnings from continuing operations for the third quarter of fiscal year 2020 compared to the same quarter of the previous year. The company also declared a special cash dividend of $1.00 per share.

Net sales from continuing operations increased to $15.847 million, compared to $12.853 million in the prior year's third quarter.

Net earnings from continuing operations rose to $2.806 million, up from $2.078 million in the third quarter of the previous fiscal year.

Basic and diluted earnings per share from continuing operations were $0.14, compared to $0.10 in the prior year's third quarter.

A special cash dividend of $1.00 per share was declared, payable on February 20, 2020.

Total Revenue
$15.8M
Previous year: $12.9M
+23.3%
EPS
$0.14
Previous year: $0.1
+40.0%
Adjusted EBITDA
$3.62M
Previous year: $2.95M
+22.9%
Gross Profit
$5.02M
Previous year: $4.28M
+17.2%
Cash and Equivalents
$6.68M
Previous year: $17M
-60.7%
Free Cash Flow
$1.16M
Previous year: $7.25M
-84.1%
Total Assets
$185M
Previous year: $178M
+3.7%

Park Aerospace

Park Aerospace

Forward Guidance

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