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Park Aerospace reports strong Q3 earnings, despite storm damage, with sales and revenue up significantly.
Park Aerospace reported a 25% rise in third-quarter sales to $14.4 million and a 23.8% revenue increase to $14.41 million, with earnings up to $0.08 per share.
The company also announced a $0.125 quarterly dividend and saw its stock price climb to $14.24.
Despite facing $1.1 million in storm damage costs, Park Aerospace's adjusted EBITDA for the year-to-date increased by 6% to $8.2 million.
StockNews.com upgraded the company's rating to "buy."
3 months ago
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