Park Aerospace Reports Q1 Results, Notes Margin Expansion

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  • Park Aerospace Corp PKE reported the first quarter FY22 net sales growth of 11.3% year-on-year to $13.6 million.
  • The gross margin expanded 1,020 basis points to 40.3%.
  • The net margin expanded 410 basis points to 20.2%.
  • EPS amounted to $0.13.
  • It held $116.8 million in cash and equivalents as of May 30, 2021.
  • Price action: PKE shares closed higher by 1.21% at $15 on Wednesday.
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