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Feb 27, 2022

Park Aerospace Q4 2022 Earnings Report

Park Aerospace Corp. reported fourth quarter and fiscal year results.

Key Takeaways

Park Aerospace Corp. reported net sales from continuing operations of $12,502,000 for the 2022 fiscal year fourth quarter ended February 27, 2022, compared to $14,441,000 for the 2021 fiscal year fourth quarter. Net earnings from continuing operations for the 2022 fiscal year fourth quarter were $1,956,000 compared to $1,032,000 for the 2021 fiscal year fourth quarter.

Net sales from continuing operations for the 2022 fiscal year fourth quarter were $12,502,000.

Net earnings from continuing operations for the 2022 fiscal year fourth quarter were $1,956,000.

Basic and diluted earnings per share from continuing operations were $0.10 for the 2022 fiscal year fourth quarter.

Adjusted EBITDA from continuing operations for the 2022 fiscal year fourth quarter was $3,083,000.

Total Revenue
$12.5M
Previous year: $14.4M
-13.4%
EPS
$0.1
Previous year: $0.11
-9.1%
Gross Profit
$4.2M
Previous year: $4.33M
-3.0%
Cash and Equivalents
$12.8M
Previous year: $19M
-32.6%
Free Cash Flow
$4.16M
Previous year: $2.49M
+67.2%
Total Assets
$161M
Previous year: $164M
-1.6%

Park Aerospace

Park Aerospace

Forward Guidance

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