Park Aerospace Q4 net earnings $4.7M ($0.23 EPS) on $2.8M tax benefit; adj EBITDA down 15%

PARK AEROSPACE CORP

Q4 net earnings $4.706M ($0.23 diluted EPS) vs $1.956M ($0.10) YoY; includes $2.791M tax benefit from reduced uncertain tax positions.
Q4 adjusted EBITDA $2.625M vs $3.083M YoY; net sales $13.53M vs $12.50M, up 8%.
Full-year net sales $54.055M, slightly up from $53.578M; net earnings $10.731M ($0.52 EPS) vs $8.464M ($0.41).
FY EPS before special items $0.40 vs $0.42 diluted prior year; adjusted EBITDA $11.459M vs $13.089M, down 12%.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

PARK AEROSPACE CORP reported 2023 fiscal year fourth quarter ended February 26, 2023 results: revenue $13,530,000, net income $4,706,000, EPS $0.23.

Period: 2023 fiscal year fourth quarter ended February 26, 2023
Revenue: $13,530,000
Net income: $4,706,000
EPS: $0.23
Result: reported results

Exact text from the filing

Park reported net sales of $13,530,000 for the 2023 fiscal year fourth quarter ended February 26, 2023 compared to $12,502,000 for the 2022 fiscal year fourth quarter ended February 27, 2022 and $13,867,000 for the 2023 fiscal year third quarter ended November 27, 2022. Park’s net sales for the fiscal year ended February 26, 2023 were $54,055,000 compared to $53,578,000 for the fiscal year ended February 27, 2022. Net earnings for the 2023 fiscal year fourth quarter were $4,706,000 compared to $1,956,000 for the 2022 fiscal year fourth quarter and $2,230,000 for the 2023 fiscal year third quarter. Net earnings were $10,731,000 for the 2023 fiscal year compared to $8,464,000 for the 2022 fiscal year. Net earnings before special items for the 2023 fiscal year fourth quarter were $1,976,000 compared to $2,018,000 for the 2022 fiscal year fourth quarter and $2,383,000 for the 2023 fiscal year third quarter. Net earnings before special items for the fiscal year ended February 26, 2023 were

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

PARK AEROSPACE CORP reported 2023 fiscal year ended February 26, 2023 results: revenue $54,055,000, net income $10,731,000, EPS $0.52.

Period: 2023 fiscal year ended February 26, 2023
Revenue: $54,055,000
Net income: $10,731,000
EPS: $0.52
Result: reported results

Exact text from the filing

Park reported net sales of $13,530,000 for the 2023 fiscal year fourth quarter ended February 26, 2023 compared to $12,502,000 for the 2022 fiscal year fourth quarter ended February 27, 2022 and $13,867,000 for the 2023 fiscal year third quarter ended November 27, 2022. Park’s net sales for the fiscal year ended February 26, 2023 were $54,055,000 compared to $53,578,000 for the fiscal year ended February 27, 2022. Net earnings for the 2023 fiscal year fourth quarter were $4,706,000 compared to $1,956,000 for the 2022 fiscal year fourth quarter and $2,230,000 for the 2023 fiscal year third quarter. Net earnings were $10,731,000 for the 2023 fiscal year compared to $8,464,000 for the 2022 fiscal year. Net earnings before special items for the 2023 fiscal year fourth quarter were $1,976,000 compared to $2,018,000 for the 2022 fiscal year fourth quarter and $2,383,000 for the 2023 fiscal year third quarter. Net earnings before special items for the fiscal year ended February 26, 2023 were

View on SEC.gov

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Source: SEC EDGAR

accession 0001437749-23-013795

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