Wed, Jul 17, 5:24 PM (52 days ago)
Park Aerospace Corp.'s Q2 FY2025 financial report highlights a 10.2% decrease in net sales to $14 million, primarily due to storm-related disruptions. Gross profit margins dropped to 29.3% from 31.1% due to lower sales volume and increased costs. Earnings from operations fell 6.1% to $2.1 million, impacted by a $1.1 million storm damage charge. Net earnings decreased 46.4% to $993,000, with EPS at $0.05. Cash and marketable securities stood at $74.4 million. The company expects to recover storm-related costs through insurance and anticipates no loss of sales for FY2025.