MELVILLE, NY – Park Electrochemical Corp. reported fiscal fourth quarter net sales of $27.6 million, down 17.2% year-over-year and 4.3% sequentially.
Net earnings for the three-month period ended Feb. 26 were $2.47 million, down 45.8% year-over-year and up 32.1% sequentially.
Park’s net sales for the fiscal year ended Feb. 26 were $114.6 million, a decrease of 21.4% compared to the prior fiscal year. Net earnings were $9.3 million, down 48.5%.