-
- News
- Books
Featured Books
- pcb007 Magazine
Latest Issues
Current IssueThe Growing Industry
In this issue of PCB007 Magazine, we talk with leading economic experts, advocacy specialists in Washington, D.C., and PCB company leadership to get a well-rounded picture of what’s happening in the industry today. Don’t miss it.
The Sustainability Issue
Sustainability is one of the most widely used terms in business today, especially for electronics and manufacturing but what does it mean to you? We explore the environmental, business, and economic impacts.
The Fabricator’s Guide to IPC APEX EXPO
This issue previews many of the important events taking place at this year's show and highlights some changes and opportunities. So, buckle up. We are counting down to IPC APEX EXPO 2024.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - pcb007 Magazine
Park Electrochemical Posts Q1 Results
June 23, 2015 | Business WireEstimated reading time: 2 minutes
Park Electrochemical Corp. reported net sales of $37,829,000 for the 2016 fiscal year’s first quarter ended May 31, 2015 compared to net sales of $48,817,000 for last fiscal year’s first quarter ended June 1, 2014 and net sales of $36,241,000 for last fiscal year’s fourth quarter ended March 1, 2015.
Park reported net earnings before special items of $4,867,000 for the current year’s first quarter compared to net earnings before special items of $8,579,000 for last year’s first quarter and net earnings before special items of $4,977,000 for last year’s fourth quarter. In the current year’s first quarter, the Company recorded pre-tax restructuring charges of $124,000 related to the closure in fiscal year 2013 of the Company’s Nelco Technology (Zhuhai FTZ) Ltd. facility located in the Free Trade Zone in Zhuhai, China and the closure in fiscal year 2009 of its New England Laminates Co., Inc. facility located in Newburgh, New York. In last year’s first quarter, the Company recorded pre-tax restructuring charges of $267,000 in connection with the aforementioned facility closures. In addition, the Company recorded a pre-tax charge of $260,000 in last year’s first quarter for additional fees incurred in connection with the 2014 fiscal year-end audit. In last year’s fourth quarter, the Company recorded pre-tax restructuring charges of $193,000 in connection with the aforementioned facility closures. In addition, the Company recorded a pre-tax charge of $206,000 in last year’s fourth quarter related to a modification of previously issued employee stock options resulting from the special cash dividend paid by the Company in February 2015. Accordingly, net earnings for the current year’s first quarter were $4,777,000 compared to $8,216,000 for last year’s first quarter and $4,841,000 for last year’s fourth quarter.
Park reported basic and diluted earnings per share before special items of $0.24 for the current year’s first quarter compared to basic and diluted earnings per share before special items of $0.41 for last year’s first quarter and basic and diluted earnings per share before special items of $0.24 for last year’s fourth quarter. Basic and diluted earnings per share were $0.23 for the current year’s first quarter compared to basic and diluted earnings per share of $0.39 for last year’s first quarter and basic and diluted earnings per share of $0.23 for last year’s fourth quarter.
About Park Electrochemical Corp.
Park Electrochemical Corp. is a global advanced materials company which develops and manufactures high-technology digital and RF/microwave printed circuit materials principally for the telecommunications and internet infrastructure and high-end computing markets and advanced composite materials, parts and assemblies and low-volume tooling for the aerospace markets. Park’s core capabilities are in the areas of polymer chemistry formulation and coating technology. The Company’s manufacturing facilities are located in Singapore, France, Kansas, Arizona and California. The Company also maintains R&D facilities in Arizona, Kansas and Singapore.
Additional corporate information is available on the Company’s web site at www.parkelectro.com.
Suggested Items
Cicor Records Solid Growth in Q1
04/16/2024 | CicorThe Cicor Group continued to grow in the first three months of the year. Quarterly sales increased by 11.8% to CHF 107.3 million compared to the first quarter of the previous year (Q1/2023: CHF 96.0 million).
TT Electronics Awarded Contract with Kongsberg Defence and Aerospace
04/11/2024 | TT ElectronicsTT Electronics, a leading provider of global manufacturing solutions and engineered technologies, announced today that its Fairford UK business has been awarded a new contract with long-standing customer Kongsberg Defence and Aerospace (Kongsberg) for the production of complex cable harness solutions.
Cicor Successfully Completes Acquisition of TT Electronics IoT Solutions Ltd.
04/03/2024 | CicorThe Cicor Group has successfully completed the acquisition of TT Electronics IoT Solutions Ltd. with three production sites in the UK and China.
Absolute EMS Successfully Recertifies ISO 9001:2015 and AS9100 Standards
03/26/2024 | Absolute EMS, Inc.Absolute EMS, Inc., an award-winning EMS provider of turnkey contract manufacturing services, is proud to announce the successful recertification of its ISO 9001:2015 and AS9100 Rev D SAE International Aerospace Standards.
Arlon EMC Receives IPC-4101 QPL Recertification
03/20/2024 | Arlon Electronic MaterialsArlon Electronic Materials has successfully completed an intensive two-day recertification audit by IPC Validation Services that examined Arlon’s manufacturing processes and testing procedures to assure that they are in conformance to the requirements of IPC-4101E-WAM1, the Specification for Base Materials for Rigid and Multilayer Printed Boards.