Park Aerospace Corp. Reports Net Income of $10.7 Million for Fiscal Year Ended February 26, 2023
Company Generates $54.1 Million in Revenue for the Same Period
By USInMinutes
Published - Jul 07, 2023, 06:04 AM ET
Last Updated - Jul 18, 2023, 03:04 PM EDT
Park Aerospace Corp.(PKE) has announced its financial results for the fiscal year ended February 26, 2023, reporting a net income of $10.7 million and revenue of $54.1 million. The aerospace company experienced steady growth in sales and achieved a profitable year despite the challenging economic conditions.
Positive Net Income: Park Aerospace Corp. Posts Net Income of $10.7 Million
Park Aerospace Corp. has reported a net income of $10.7 million for the fiscal year ended February 26, 2023. This reflects a significant increase compared to the previous year's net income of $8.5 million. The company's focus on operational efficiency and cost management contributed to the positive financial performance. Park Aerospace Corp. has successfully capitalized on market opportunities and delivered value to its shareholders.