Park Aerospace Clocks 47% Revenue Growth In Q2, Expands Margins

Park Aerospace Clocks 47% Revenue Growth In Q2, Expands Margins
  • Park Aerospace Corp PKE reported second-quarter FY22 net sales growth of 47.2% year-on-year to $13.62 million.
  • Margins: The gross margin expanded 390 basis points to 32.4%.
  • Net earnings rose 111.9% Y/Y to $2.02 million. The net margin expanded 450 basis points to 14.8%. EPS was $0.11.
  • Park held $112.84 million in cash and equivalents as of August 29.
  • Price Action: PKE shares closed higher by 0.29% at $13.75 on Wednesday.

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