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Nov 27, 2022

Park Aerospace Q3 2023 Earnings Report

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

Key Takeaways

Park Aerospace Corp. reported net sales of $13,867,000 and net earnings of $2,230,000 for the 2023 fiscal year third quarter ended November 27, 2022.

Net sales for the quarter were $13,867,000, slightly up from $13,864,000 in the same quarter last year.

Net earnings for the quarter were $2,230,000, compared to $1,741,000 for the same quarter last year.

Basic and diluted earnings per share were $0.11 for the quarter, compared to basic earnings per share of $0.09 and diluted earnings per share of $0.08 for the same quarter last year.

Adjusted EBITDA for the quarter was $3,321,000, compared to $2,670,000 for the same quarter last year.

Total Revenue
$13.9M
Previous year: $13.9M
+0.0%
EPS
$0.12
Previous year: $0.09
+33.3%
Gross Profit
$4.44M
Previous year: $3.84M
+15.8%
Cash and Equivalents
$4.61M
Previous year: $14M
-67.0%
Free Cash Flow
$3.73M
Previous year: -$773K
-582.8%
Total Assets
$158M
Previous year: $162M
-2.5%

Park Aerospace

Park Aerospace