Park Aerospace Corp. (PKE) reported an increase in earnings for the third quarter compared to the same period last year. The company achieved a net income of $1.58 million, translating to $0.08 per share, compared to $1.20 million, or $0.06 per share, in the third quarter of the previous year. Revenue for this quarter saw a significant rise of 23.8%, reaching $14.41 million, up from $11.64 million the previous year.
Park Aerospace Corp.'s earnings summary, according to Generally Accepted Accounting Principles (GAAP), is as follows:
- Earnings for Q3: $1.58 million, up from $1.20 million last year.
- Earnings per Share (EPS) for Q3: $0.08, compared to $0.06 last year.
- Revenue for Q3: $14.41 million, an increase from $11.64 million last year.
