Benzinga | Jul 8, 2021 07:06AM EDT

Park Aerospace Reports Q1 Results, Notes Margin Expansion

* Park Aerospace Corp (NYSE:PKE) reported the first quarter FY22 net sales growth of 11.3% year-on-year to $13.6 million.

* The gross margin expanded 1,020 basis points to 40.3%.

* The net margin expanded 410 basis points to 20.2%.

* EPS amounted to $0.13.

* It held $116.8 million in cash and equivalents as of May 30, 2021.

* Price action: PKE shares closed higher by 1.21% at $15 on Wednesday.