Park Electrochemical

Tariffs trump Lifetime; Broadridge bangs out big year

  LIFETIME BRANDS INC. Headquarters: Garden City Industry: Capital goods Nasdaq: LCUT Reporting Date: Aug. 8, 2019 Reporting Quarter: 2Q FY2019 Quarter Ended: June 30, 2019 Numbers: Second-quarter net sales were reported as $142.5 million, a 4.2 percent drop from the $148.7 million reported for the same quarter last fiscal year. Net loss was $11.5 million – a loss of 56 cents per diluted share and an 88.5 percent plunge from the $6.1 million net…


Struggling Melville maker eyes electronics

Park Electrochemical Corp.’s fiscal 2017 slump continued in the company’s second quarter, according to an earnings report issued this month. Reporting Oct. 5 on its FY2017 second quarter, which ended Aug. 31, the Melville-based maker of printed circuit boards and composite materials for aerospace manufacturers noted sagging earnings and revenues, both well off their year-prior 2Q FY2016 levels. The company reported earnings of $2 million for the FY2017 second quarter, down 56.9 percent from the…


GE stall, Asian slump nip Park Electrochemical

A weakened Asian market contributed to year-over-year and quarterly drops in net sales and earnings for Park Electrochemical Corp. – though an international aerospace rebound may have the Melville manufacturer regaining altitude soon. Reporting June 29 on the first quarter of its 2017 fiscal year, Park Electrochemical – a producer of printed circuit boards and composite materials for aerospace manufacturers – noted net sales of $31.49 million. That’s down from the $37.83 million reported for…