Park Aerospace Corp. announced its financial results for the second quarter of fiscal year 2025, ended September 1, 2024, reporting net sales of $16,709,000. This represents a significant increase of 33.9% compared to $12,481,000 in the second quarter of fiscal year 2024. The company also saw its net earnings rise to $2,066,000, up from $1,746,000 in the prior year's comparable quarter.
Adjusted EBITDA for the quarter reached $3,206,000, an increase from $2,669,000 reported in the second quarter of fiscal year 2024. Basic and diluted earnings per share for the quarter were $0.10, compared to $0.09 in the same period last year. Net earnings before special items also improved to $2,092,000 from $1,746,000 year-over-year.
The company recorded a pre-tax charge of $46,000 related to storm damage to its facilities in Newton, Kansas, during the quarter. Despite this, the overall financial performance demonstrates robust growth in sales and profitability for the period.
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