Park Aerospace Corp. (NYSE-PKE) reported results for the 2024
fiscal year second quarter ended August 27, 2023. The Company will
conduct a conference call to discuss its financial results and
other matters at 5:00 p.m. EDT today. A live audio webcast of the
event, along with presentation materials, will be available at
https://edge.media-server.com/mmc/p/4ux8vz3r at 5:00 p.m. EDT
today. The presentation materials will also be available at
approximately 4:15 p.m. EDT today at
https://parkaerospace.com/shareholders/investor-conference-calls/
and on the Company’s website at www.parkaerospace.com under
“Investor Conference Calls” on the “Shareholders” page.
Park reported net sales of $12,481,000 for the
2024 fiscal year second quarter ended August 27, 2023 compared to
$13,875,000 for the 2023 fiscal year second quarter ended August
28, 2022 and $15,551,000 for the 2024 fiscal year first quarter
ended May 28, 2023. Park’s net sales for the six months ended
August 27, 2023 were $28,032,000 compared to $26,658,000 for the
six months ended August 28, 2022. Net earnings for the 2024 fiscal
year second quarter were $1,746,000 compared to $1,885,000 for the
2023 fiscal year second quarter and $1,854,000 for the 2024 fiscal
year first quarter. Net earnings were $3,600,000 for the current
year’s first six months compared to $3,795,000 for last year’s
first six months.
Net earnings before special items for the 2024
fiscal year second quarter were $1,746,000 compared to $1,885,000
for the 2023 fiscal year second quarter and $2,407,000 for the 2024
fiscal year first quarter. Net earnings before special items for
the six months ended August 27, 2023 were $4,153,000 compared to
$3,795,000 for last fiscal year’s first six months.
Adjusted EBITDA for the 2024 fiscal year second
quarter was $2,669,000 compared to $2,709,000 for the 2023 fiscal
year second quarter and $3,311,000 for the 2024 fiscal year first
quarter. Adjusted EBITDA for the current year’s first six months
was $5,980,000 compared to $5,513,000 for last year’s first six
months.
During the 2024 fiscal year’s first six months,
the Company recorded $570,000 of pre-tax activist shareholder
defense costs, $65,000 of pre-tax losses on sales of investments to
fund the $1.00 per share special dividend paid on April 6, 2023 to
shareholders of record on March 9, 2023 and a $109,000 pre-tax
charge for the modification of previously granted stock options in
connection with the special dividend in the 2024 fiscal year first
quarter.
Park reported basic and diluted earnings per
share of $0.09 for the 2024 fiscal year second quarter compared to
$0.09 for the 2023 fiscal year second quarter and $0.09 for the
2024 fiscal year first quarter. Basic and diluted earnings per
share before special items were $0.09 for the 2024 fiscal year
second quarter compared to $0.09 for the 2023 fiscal year second
quarter and $0.12 for the 2024 fiscal year first quarter.
Park reported basic and diluted earnings per
share of $0.18 for the 2024 fiscal year’s first six months compared
to $0.19 for the 2023 fiscal year’s first six months. Basic and
diluted earnings per share before special items were $0.20 for the
2024 fiscal year’s first six months compared to $0.19 for the 2023
fiscal year’s first six months.
The Company will conduct a conference call to
discuss its financial results at 5:00 p.m. EDT today.
Forward-looking and other material information may be discussed in
this conference call. The conference call dial-in number is (877)
407-3982 in the United States and Canada, and (201) 493-6780 in
other countries. The required passcode for attendance by phone is
13741264.
For those unable to listen to the call live, a
conference call replay will be available from approximately 8:00
p.m. EDT today through 11:59 p.m. EDT on Thursday, October 12,
2023. The conference call replay will be available at
https://edge.media-server.com/mmc/p/4ux8vz3r and on the Company’s
website at www.parkaerospace.com under “Investor Conference Calls”
on the “Shareholders” page. It can also be accessed by dialing
(844) 512-2921 in the United States and Canada, and (412) 317-6671
in other countries. The required passcode for accessing the replay
by phone is 13741264.
Any additional material financial or statistical
data disclosed in the conference call, including the investor
presentation, will also be available at the time of the conference
call on the Company's web site at
https://parkaerospace.com/shareholders/investor-conference-calls/.
Park believes that an evaluation of its ongoing
operations would be difficult if the disclosure of its operating
results were limited to accounting principles generally accepted in
the United States of America (“GAAP”) financial measures, which
include special items, such as activist shareholder defense costs,
losses on sales of investments and charges for modification of
previously granted stock options. Accordingly, in addition to
disclosing its operating results determined in accordance with
GAAP, Park discloses non-GAAP measures, including Adjusted EBITDA,
and operating results that exclude special items in order to assist
its shareholders and other readers in assessing the Company’s
operating performance, since the Company’s on-going, normal
business operations do not include such special items. The detailed
operating information presented below includes a reconciliation of
the non-GAAP operating results before special items to earnings
determined in accordance with GAAP and a reconciliation of GAAP
pre-tax earnings to Adjusted EBITDA. Such non-GAAP financial
measures are provided to supplement the results provided in
accordance with GAAP.
Park Aerospace Corp. develops and manufactures
solution and hot-melt advanced composite materials used to produce
composite structures for the global aerospace markets. Park’s
advanced composite materials include film adhesives
(Aeroadhere®) and lightning strike protection
materials (Electroglide®). Park offers an array of
composite materials specifically designed for hand lay-up or
automated fiber placement (AFP) manufacturing applications. Park’s
advanced composite materials are used to produce primary and
secondary structures for jet engines, large and regional transport
aircraft, military aircraft, Unmanned Aerial Vehicles (UAVs
commonly referred to as “drones”), business jets, general aviation
aircraft and rotary wing aircraft. Park also offers specialty
ablative materials for rocket motors and nozzles and specially
designed materials for radome applications. As a complement to
Park’s advanced composite materials offering, Park designs and
fabricates composite parts, structures and assemblies and low
volume tooling for the aerospace industry. Target markets for
Park’s composite parts and structures (which include Park’s
proprietary composite SigmaStrut™ and AlphaStrut™ product lines)
are, among others, prototype and development aircraft, special
mission aircraft, spares for legacy military and civilian aircraft
and exotic spacecraft. Park’s objective is to do what others are
either unwilling or unable to do. When nobody else wants to do it
because it is too difficult, too small or too annoying, sign us
up.
Additional corporate information is available on
the Company’s web site at
www.parkaerospace.com
Performance table, including non-GAAP
information (in thousands, except per share amounts
–unaudited):
|
13 Weeks Ended |
|
26 Weeks Ended |
|
|
|
|
|
|
|
|
August 27, 2023 |
|
|
August 28, 2022 |
|
|
May 28, 2023 |
|
August 27, 2023 |
|
|
August 28, 2022 |
Sales |
$ |
12,481 |
|
|
|
$ |
13,875 |
|
|
|
$ |
15,551 |
|
|
$ |
28,032 |
|
|
|
$ |
26,658 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Earnings
before Special Items1 |
$ |
1,746 |
|
|
|
$ |
1,885 |
|
|
|
$ |
2,407 |
|
|
$ |
4,153 |
|
|
|
$ |
3,795 |
|
Special
Items, Net of Tax: |
|
|
|
|
|
|
|
|
|
|
|
|
Activist Shareholder Defense Costs |
|
- |
|
|
|
|
- |
|
|
|
|
(424 |
) |
|
|
(424 |
) |
|
|
|
- |
|
Stock Option Modification |
|
- |
|
|
|
|
- |
|
|
|
|
(81 |
) |
|
|
(81 |
) |
|
|
|
- |
|
Loss on Sale of Marketable Securities |
|
- |
|
|
|
|
- |
|
|
|
|
(48 |
) |
|
|
(48 |
) |
|
|
|
- |
|
Net
Earnings |
$ |
1,746 |
|
|
|
$ |
1,885 |
|
|
|
$ |
1,854 |
|
|
$ |
3,600 |
|
|
|
$ |
3,795 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
Earnings per Share: |
|
|
|
|
|
|
|
|
|
|
|
|
Basic Earnings before Special Items1 |
$ |
0.09 |
|
|
|
$ |
0.09 |
|
|
|
$ |
0.12 |
|
|
$ |
0.20 |
|
|
|
$ |
0.19 |
|
Special Items: |
|
|
|
|
|
|
|
|
|
|
|
|
Activist Shareholder Defense Costs |
|
- |
|
|
|
|
- |
|
|
|
|
(0.02 |
) |
|
|
(0.02 |
) |
|
|
|
- |
|
Stock Option Modification |
|
- |
|
|
|
|
- |
|
|
|
|
(0.01 |
) |
|
|
- |
|
|
|
|
- |
|
Loss on Sale of Marketable Securities |
|
- |
|
|
|
|
- |
|
|
|
|
- |
|
|
|
- |
|
|
|
|
- |
|
Basic Earnings per Share |
$ |
0.09 |
|
|
|
$ |
0.09 |
|
|
|
$ |
0.09 |
|
|
$ |
0.18 |
|
|
|
$ |
0.19 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted Earnings before Special Items1 |
$ |
0.09 |
|
|
|
$ |
0.09 |
|
|
|
$ |
0.12 |
|
|
$ |
0.20 |
|
|
|
$ |
0.19 |
|
Special Items: |
|
|
|
|
|
|
|
|
|
|
|
|
Activist Shareholder Defense Costs |
|
- |
|
|
|
|
- |
|
|
|
|
(0.02 |
) |
|
|
(0.02 |
) |
|
|
|
- |
|
Stock Option Modification |
|
- |
|
|
|
|
- |
|
|
|
|
(0.01 |
) |
|
|
- |
|
|
|
|
- |
|
Loss on Sale of Marketable Securities |
|
- |
|
|
|
|
- |
|
|
|
|
- |
|
|
|
- |
|
|
|
|
- |
|
Diluted Earnings per Share |
$ |
0.09 |
|
|
|
$ |
0.09 |
|
|
|
$ |
0.09 |
|
|
$ |
0.18 |
|
|
|
$ |
0.19 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted
Average Shares Outstanding: |
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
20,256 |
|
|
|
|
20,461 |
|
|
|
|
20,461 |
|
|
|
20,359 |
|
|
|
|
20,460 |
|
Diluted |
|
20,338 |
|
|
|
|
20,503 |
|
|
|
|
20,526 |
|
|
|
20,432 |
|
|
|
|
20,504 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1Refer to
"Reconciliation of non-GAAP financial measures" below for
information regarding Special Items. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comparative balance sheets (in
thousands):
|
August 27, 2023 |
|
February 26, 2023 |
Assets |
(unaudited) |
|
|
Current
Assets |
|
|
|
Cash and Marketable Securities |
$ |
74,214 |
|
|
$ |
105,440 |
|
Accounts Receivable, Net |
|
9,374 |
|
|
|
9,989 |
|
Inventories |
|
8,457 |
|
|
|
6,768 |
|
Prepaid Expenses and Other Current Assets |
|
2,587 |
|
|
|
2,844 |
|
Total Current Assets |
|
94,632 |
|
|
|
125,041 |
|
|
|
|
|
Fixed
Assets, Net |
|
23,980 |
|
|
|
24,251 |
|
Operating
Right-of-use Assets |
|
123 |
|
|
|
150 |
|
Other
Assets |
|
9,884 |
|
|
|
9,891 |
|
Total Assets |
$ |
128,619 |
|
|
$ |
159,333 |
|
|
|
|
|
Liabilities
and Shareholders' Equity |
|
|
|
Current
Liabilities |
|
|
|
Accounts Payable |
$ |
1,535 |
|
|
$ |
4,545 |
|
Accrued Liabilities |
|
1,167 |
|
|
|
1,346 |
|
Dividend Payable |
|
- |
|
|
|
20,471 |
|
Operating Lease Liability |
|
53 |
|
|
|
53 |
|
Income Taxes Payable |
|
4,033 |
|
|
|
2,171 |
|
Total Current Liabilities |
|
6,788 |
|
|
|
28,586 |
|
|
|
|
|
Long-term
Operating Lease Liability |
|
106 |
|
|
|
129 |
|
Non-current
Income Taxes Payable |
|
5,259 |
|
|
|
10,938 |
|
Deferred
Income Taxes |
|
1,942 |
|
|
|
1,995 |
|
Other
Liabilities |
|
1,812 |
|
|
|
1,751 |
|
Total Liabilities |
|
15,907 |
|
|
|
43,399 |
|
|
|
|
|
Shareholders’ Equity |
|
112,712 |
|
|
|
115,934 |
|
|
|
|
|
Total Liabilities and Shareholders' Equity |
$ |
128,619 |
|
|
$ |
159,333 |
|
|
|
|
|
Additional
information |
|
|
|
Equity per
Share |
$ |
5.57 |
|
|
$ |
5.66 |
|
|
|
|
|
Comparative statements of operations (in
thousands – unaudited):
|
13 Weeks Ended |
|
26 Weeks Ended |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
August 27, 2023 |
|
|
August 28, 2022 |
|
|
May 28, 2023 |
|
August 27, 2023 |
|
|
August 28, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Sales |
$ |
12,481 |
|
|
|
$ |
13,875 |
|
|
|
$ |
15,551 |
|
|
$ |
28,032 |
|
|
|
$ |
26,658 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of
Sales |
|
8,402 |
|
|
|
|
9,789 |
|
|
|
|
10,718 |
|
|
|
19,120 |
|
|
|
|
18,480 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross
Profit |
|
4,079 |
|
|
|
|
4,086 |
|
|
|
|
4,833 |
|
|
|
8,912 |
|
|
|
|
8,178 |
|
%
of net sales |
|
32.7 |
% |
|
|
|
29.4 |
% |
|
|
|
31.1 |
% |
|
|
31.8 |
% |
|
|
|
30.7 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling,
General & Administrative Expenses |
|
1,853 |
|
|
|
|
1,732 |
|
|
|
|
2,615 |
|
|
|
4,468 |
|
|
|
|
3,365 |
|
%
of net sales |
|
14.8 |
% |
|
|
|
12.5 |
% |
|
|
|
16.8 |
% |
|
|
15.9 |
% |
|
|
|
12.6 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings
from Operations |
|
2,226 |
|
|
|
|
2,354 |
|
|
|
|
2,218 |
|
|
|
4,444 |
|
|
|
|
4,813 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest and
Other Income: |
|
|
|
|
|
|
|
|
|
|
|
|
Interest Income |
|
139 |
|
|
|
|
221 |
|
|
|
|
324 |
|
|
|
463 |
|
|
|
|
354 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings
from Operations before Income Taxes |
|
2,365 |
|
|
|
|
2,575 |
|
|
|
|
2,542 |
|
|
|
4,907 |
|
|
|
|
5,167 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income Tax
Provision |
|
619 |
|
|
|
|
690 |
|
|
|
|
688 |
|
|
|
1,307 |
|
|
|
|
1,372 |
|
Net
Earnings |
$ |
1,746 |
|
|
|
$ |
1,885 |
|
|
|
$ |
1,854 |
|
|
$ |
3,600 |
|
|
|
$ |
3,795 |
|
%
of net sales |
|
14.0 |
% |
|
|
|
13.6 |
% |
|
|
|
11.9 |
% |
|
|
12.8 |
% |
|
|
|
14.2 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliation of non-GAAP financial measures
(in thousands – unaudited):
|
13 Weeks EndedAugust 27, 2023 |
|
|
13 Weeks EndedAugust 28, 2022 |
|
|
13 Weeks EndedMay 28, 2023 |
|
GAAP |
|
Specials Items |
|
Before Special Items |
|
|
GAAP |
|
Specials Items |
|
Before Special Items |
|
|
GAAP |
|
Specials Items |
|
Before Special Items |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, General & Administrative Expenses |
$ |
1,853 |
|
|
$ |
- |
|
|
$ |
1,853 |
|
|
|
$ |
1,732 |
|
|
$ |
- |
|
|
$ |
1,732 |
|
|
|
$ |
2,615 |
|
|
$ |
(679 |
) |
|
$ |
1,936 |
|
%
of net sales |
|
14.8 |
% |
|
|
|
|
14.8 |
% |
|
|
|
12.5 |
% |
|
|
|
|
12.5 |
% |
|
|
|
16.8 |
% |
|
|
|
|
12.4 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings
from Operations |
|
2,226 |
|
|
|
- |
|
|
|
2,226 |
|
|
|
|
2,354 |
|
|
|
- |
|
|
|
2,354 |
|
|
|
|
2,218 |
|
|
|
679 |
|
|
|
2,897 |
|
%
of net sales |
|
17.8 |
% |
|
|
|
|
17.8 |
% |
|
|
|
17.0 |
% |
|
|
|
|
17.0 |
% |
|
|
|
14.3 |
% |
|
|
|
|
18.6 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest
Income |
|
139 |
|
|
|
- |
|
|
|
139 |
|
|
|
|
221 |
|
|
|
- |
|
|
|
221 |
|
|
|
|
324 |
|
|
|
65 |
|
|
|
389 |
|
%
of net sales |
|
1.1 |
% |
|
|
|
|
1.1 |
% |
|
|
|
1.6 |
% |
|
|
|
|
1.6 |
% |
|
|
|
2.1 |
% |
|
|
|
|
2.5 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings
before Income Taxes |
|
2,365 |
|
|
|
- |
|
|
|
2,365 |
|
|
|
|
2,575 |
|
|
|
- |
|
|
|
2,575 |
|
|
|
|
2,542 |
|
|
|
744 |
|
|
|
3,286 |
|
%
of net sales |
|
18.9 |
% |
|
|
|
|
18.9 |
% |
|
|
|
18.6 |
% |
|
|
|
|
18.6 |
% |
|
|
|
16.3 |
% |
|
|
|
|
21.1 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income Tax
Provision |
|
619 |
|
|
|
- |
|
|
|
619 |
|
|
|
|
690 |
|
|
|
- |
|
|
|
690 |
|
|
|
|
688 |
|
|
|
191 |
|
|
|
879 |
|
Effective Tax Rate |
|
26.2 |
% |
|
|
|
|
26.2 |
% |
|
|
|
26.8 |
% |
|
|
|
|
26.8 |
% |
|
|
|
27.1 |
% |
|
|
|
|
26.7 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
Earnings |
|
1,746 |
|
|
|
- |
|
|
|
1,746 |
|
|
|
|
1,885 |
|
|
|
- |
|
|
|
1,885 |
|
|
|
|
1,854 |
|
|
|
553 |
|
|
|
2,407 |
|
%
of net sales |
|
14.0 |
% |
|
|
|
|
14.0 |
% |
|
|
|
13.6 |
% |
|
|
|
|
13.6 |
% |
|
|
|
11.9 |
% |
|
|
|
|
15.5 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Earnings Before Special Items |
|
|
|
|
1,746 |
|
|
|
|
|
|
|
|
1,885 |
|
|
|
|
|
|
|
|
2,407 |
|
Addback
non-cash expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income Tax Provision |
|
|
|
|
|
619 |
|
|
|
|
|
|
|
|
690 |
|
|
|
|
|
|
|
|
879 |
|
Interest Income |
|
|
|
|
|
(139 |
) |
|
|
|
|
|
|
|
(221 |
) |
|
|
|
|
|
|
|
(389 |
) |
Depreciation |
|
|
|
|
|
339 |
|
|
|
|
|
|
|
|
261 |
|
|
|
|
|
|
|
|
305 |
|
Stock Option Expense |
|
|
|
|
|
104 |
|
|
|
|
|
|
|
|
94 |
|
|
|
|
|
|
|
|
109 |
|
Adjusted
EBITDA |
|
|
|
|
|
2,669 |
|
|
|
|
|
|
|
|
2,709 |
|
|
|
|
|
|
|
|
3,311 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliation of non-GAAP financial measures -
continued (in thousands – unaudited):
|
26 Weeks EndedAugust 27, 2023 |
|
|
26 Weeks EndedAugust 28, 2022 |
|
GAAP |
|
Specials Items |
|
Before Special Items |
|
|
GAAP |
|
Specials Items |
|
Before Special Items |
Selling, General & Administrative Expenses |
$ |
4,468 |
|
|
$ |
(679 |
) |
|
$ |
3,789 |
|
|
|
$ |
3,365 |
|
|
$ |
- |
|
|
$ |
3,365 |
|
%
of net sales |
|
15.9 |
% |
|
|
|
|
13.5 |
% |
|
|
|
12.6 |
% |
|
|
|
|
12.6 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings
from Operations |
|
4,444 |
|
|
|
679 |
|
|
|
5,123 |
|
|
|
|
4,813 |
|
|
|
- |
|
|
|
4,813 |
|
%
of net sales |
|
15.9 |
% |
|
|
|
|
18.3 |
% |
|
|
|
18.1 |
% |
|
|
|
|
18.1 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest
Income |
|
463 |
|
|
|
65 |
|
|
|
528 |
|
|
|
|
354 |
|
|
|
- |
|
|
|
354 |
|
%
of net sales |
|
1.7 |
% |
|
|
|
|
1.9 |
% |
|
|
|
1.3 |
% |
|
|
|
|
1.3 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings
before Income Taxes |
|
4,907 |
|
|
|
744 |
|
|
|
5,651 |
|
|
|
|
5,167 |
|
|
|
- |
|
|
|
5,167 |
|
%
of net sales |
|
17.5 |
% |
|
|
|
|
20.2 |
% |
|
|
|
19.4 |
% |
|
|
|
|
19.4 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Income Tax
Provision |
|
1,307 |
|
|
|
191 |
|
|
|
1,498 |
|
|
|
|
1,372 |
|
|
|
- |
|
|
|
1,372 |
|
Effective Tax Rate |
|
26.6 |
% |
|
|
|
|
26.5 |
% |
|
|
|
26.6 |
% |
|
|
|
|
26.6 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
Earnings |
|
3,600 |
|
|
|
553 |
|
|
|
4,153 |
|
|
|
|
3,795 |
|
|
|
- |
|
|
|
3,795 |
|
%
of net sales |
|
12.8 |
% |
|
|
|
|
14.8 |
% |
|
|
|
14.2 |
% |
|
|
|
|
14.2 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Earnings Before Special Items |
|
|
|
|
4,153 |
|
|
|
|
|
|
|
|
3,795 |
|
Addback
non-cash expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
Income Tax Provision |
|
|
|
|
|
1,498 |
|
|
|
|
|
|
|
|
1,372 |
|
Interest Income |
|
|
|
|
|
(528 |
) |
|
|
|
|
|
|
|
(354 |
) |
Depreciation |
|
|
|
|
|
644 |
|
|
|
|
|
|
|
|
521 |
|
Stock Option Expense |
|
|
|
|
|
213 |
|
|
|
|
|
|
|
|
179 |
|
Adjusted
EBITDA |
|
|
|
|
|
5,980 |
|
|
|
|
|
|
|
|
5,513 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contact: Donna D’Amico-Annitto |
486 North Oliver Road, Bldg. ZNewton, Kansas 67114(316)
283-6500 |
|
|
Park Aerospace (NYSE:PKE)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Park Aerospace (NYSE:PKE)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024