Park Aerospace Q4 2020 Earnings Report

Park Aerospace reported mixed results for Q4 2020, with decreased sales but increased net earnings compared to Q4 2019.

Key Takeaways

Park Aerospace Corp. reported a decrease in net sales but an increase in net earnings for the 2020 fiscal year fourth quarter ended March 1, 2020. Net sales were $15,494,000 compared to $16,659,000 for the 2019 fiscal year fourth quarter. Net earnings from continuing operations were $2,633,000 compared to $1,588,000 for the 2019 fiscal year fourth quarter.

Net sales for Q4 2020 were $15.49 million, down from $16.66 million in Q4 2019.

Net earnings from continuing operations for Q4 2020 were $2.63 million, up from $1.59 million in Q4 2019.

Basic and diluted earnings per share from continuing operations were $0.13 for Q4 2020, compared to $0.08 for Q4 2019.

EBITDA from continuing operations before special items for Q4 2020 was $3.61 million, compared to $4.25 million for Q4 2019.

Total Revenue

$15.5M

Previous year: $16.7M