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Feb 26, 2023
Park Aerospace Q4 2023 Earnings Report
Park Aerospace Corp. reported its Q4 and fiscal year results, showing increased net sales and net earnings compared to the previous year.
Key Takeaways
Park Aerospace Corp. reported a net sales increase for the fourth quarter of fiscal year 2023, reaching $13.53 million compared to $12.502 million in the same quarter of the previous year. Net earnings also increased to $4.706 million, up from $1.956 million in the prior year's fourth quarter. Basic and diluted earnings per share were reported as $0.23, compared to $0.10 in the fourth quarter of the previous fiscal year.
Net sales for Q4 2023 reached $13.53 million, an increase from $12.502 million in Q4 2022.
Net earnings for Q4 2023 were $4.706 million, significantly higher than $1.956 million in Q4 2022.
Basic and diluted earnings per share for Q4 2023 were $0.23, compared to $0.10 in Q4 2022.
The company recognized a tax benefit of $2.791 million in Q4 2023, primarily from the reduction of uncertain tax positions.
Forward Guidance
The Company will conduct a conference call to discuss its financial results at 11:00 a.m. EDT today. Forward-looking and other material information may be discussed in this conference call.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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