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Park's Net Income Up 28% in Q4

Published: 09 May 2013
 by Staff

MELVILLE, NY -- Park Electrochemical today reported net sales for the period ended March 3 of $42.7 million, down 2.3% year-over-year.

Net income for the quarter was $4.1 million, up from $3.2 million in 2012.

Income before special items was $4.5 million, up from $3.9 million last year. The printed circuit laminate manufacturer took pretax charges of $608,000 in connection with the closure of its Nelco Technology (Zhuhai FTZ) facility and a Park plant in Connecticut.

Park’s net sales for fiscal 2013 were $176.4 million, down 8.7% from fiscal 2012. Net income was $17 million, down from $23.4 million a year ago. Net earnings before special items was $20.3 million, down from  $23.2 million in 2012.

 

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