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Nov 28, 2021

Park Aerospace Q3 2022 Earnings Report

Park Aerospace Corp. reported third quarter results for fiscal year 2022.

Key Takeaways

Park Aerospace Corp. reported net sales of $13,864,000 for the 2022 fiscal year third quarter ended November 28, 2021, compared to $10,372,000 for the 2021 fiscal year third quarter ended November 29, 2020. Net earnings from continuing operations for the 2022 fiscal year third quarter were $1,741,000 compared to $1,037,000 for the 2021 fiscal year third quarter.

Net sales for the quarter were $13,864,000.

Net earnings from continuing operations were $1,741,000.

Basic earnings per share from continuing operations were $0.09.

Adjusted EBITDA from continuing operations was $2,670,000.

Total Revenue
$13.9M
Previous year: $10.4M
+33.7%
EPS
$0.09
Previous year: $0.05
+80.0%
Gross Profit
$3.84M
Previous year: $2.55M
+50.3%
Cash and Equivalents
$14M
Previous year: $3.79M
+268.4%
Free Cash Flow
-$773K
Previous year: $857K
-190.2%
Total Assets
$162M
Previous year: $165M
-1.8%

Park Aerospace

Park Aerospace

Forward Guidance

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