Benzinga | Oct 7, 2021 07:17AM EDT

Park Aerospace Clocks 47% Revenue Growth In Q2, Expands Margins

* Park Aerospace Corp (NYSE:PKE) reported second-quarter FY22 net sales growth of 47.2% year-on-year to $13.62 million.

* Margins: The gross margin expanded 390 basis points to 32.4%.

* Net earnings rose 111.9% Y/Y to $2.02 million. The net margin expanded 450 basis points to 14.8%. EPS was $0.11.

* Park held $112.84 million in cash and equivalents as of August 29.

* Price Action: PKE shares closed higher by 0.29% at $13.75 on Wednesday.