MELVILLE, NY – Park Electrochemical Corp. reported net sales of $31.1 million for the fiscal first quarter, an increase of 13.4% year-over-year and 12% sequentially.

Net earnings for the period ended May 27 were $3.2 million, up 127.2% compared to the same quarter last year, and down from nearly $18 million in the prior quarter.

During the fiscal first quarter, the company recorded pre-tax restructuring charges of $183,000 related in part to the consolidation of its Nelco Products electronics unit in Fullerton, CA, and its Neltec electronics unit in Tempe, AZ.

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