Park Electrochemical Q4 Sales Slide

Published: 30 April 2009
 by Staff
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MELVILLE, NY – Park Electrochemical Corp. reported fourth-quarter net sales fell 41% from last year to $35.5 million. Fiscal-year net sales were $200 million, compared to $241.9 million in 2008. 

For the quarter ended March 1, net earnings from continuing operations were $3.1 million, down from $9.3 million a year ago. The company took pretax restructuring charges of $5.7 million.

Fiscal-year net earnings from continuing operations were $18.5 million, compared to $34.7 million last year.
 
Net earnings for the quarter improved to $19.6 million, up from $9.3 million last year. For the year, net earnings increased to $35 million.
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