Park Aerospace Corp. announced its financial results for the third quarter of fiscal year 2025, ended December 1, 2024, with net sales reaching $14,408,000. This represents a 23.8% increase compared to $11,639,000 in the third quarter of fiscal year 2024. Net earnings for the quarter also grew to $1,577,000, up from $1,203,000 in the prior year's period.
Adjusted EBITDA for the third quarter was $2,415,000, an increase from $1,808,000 in the comparable quarter of fiscal year 2024. Basic and diluted earnings per share for the quarter were $0.08, compared to $0.06 in the same period last year. Net earnings before special items matched the GAAP net earnings at $1,577,000.
For the first nine months of fiscal year 2025, net sales totaled $45,087,000, an increase from $39,671,000 in the previous year. The company recorded $1,098,000 in pre-tax charges related to storm damage to its Newton, Kansas facilities during this nine-month period.
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