- Park Aerospace Corp. PKE reported a first-quarter FY24 sales increase of 21.7% year-over-year to $15.55 million.
- EPS remained flat year over year at $0.09 for the quarter. Adjusted EPS was $0.12.
- Adjusted EBITDA for the first quarter was $3.31 million compared to $2.80 million a year ago.
- The gross margin contracted by 90 bps to 31.1%, while gross profit jumped 18.1%.
- Earnings from operations fell 9.8% on year to $2.22 million.
- The company recorded $570,000 of pre-tax activist shareholder defense costs and $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.
- Price Action: PKE shares are trading higher by 0.71% to $14.15 on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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