Park Aerospace Q4 2023 Earnings Report
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.
Park Aerospace
Park Aerospace
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.