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Feb 28, 2021

Park Aerospace Q4 2021 Earnings Report

Park Aerospace reported fourth quarter and fiscal year results, with net sales of $14.44 million and net earnings of $1.03 million.

Key Takeaways

Park Aerospace Corp. reported a decrease in net sales and net earnings for the fourth quarter of fiscal year 2021 compared to the same period last year. The company's net sales were $14.44 million, and net earnings were $1.03 million. The company recorded a pretax restructuring charge of $1.57 million.

Net sales for the quarter were $14.44 million, compared to $15.49 million in the prior year's quarter.

Net earnings for the quarter were $1.03 million, compared to $2.63 million in the prior year's quarter.

Basic and diluted earnings per share from continuing operations were $0.05 for the quarter, compared to $0.13 in the prior year's quarter.

The company recorded a pretax restructuring charge of $1.57 million during the quarter.

Total Revenue
$14.4M
Previous year: $15.5M
-6.8%
EPS
$0.11
Previous year: $0.14
-21.4%
Gross Profit
$4.33M
Previous year: $5.03M
-14.1%
Cash and Equivalents
$19M
Previous year: $5.41M
+251.2%
Free Cash Flow
$2.49M
Previous year: $446K
+457.8%
Total Assets
$164M
Previous year: $172M
-4.8%

Park Aerospace

Park Aerospace

Forward Guidance

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