Park Electrochemical

Sales soar, but MSC can’t manufacture a winning 2Q

  MSC INDUSTRIAL SUPPLY CO. Headquarters: Melville Industry: Capital goods NYSE: MSM Reporting Date: April 10, 2019 Reporting Quarter: 2Q FY2019 Quarter Ended: March 31, 2019 Numbers: Net second-quarter sales were reported as $823 million, a 7 percent increase over the $769 million reported for the same quarter last fiscal year. However, quarterly net income declined sharply year-over-year, down 41.8 percent to $68.4 million, and diluted earnings per share followed, dropping 39.8 percent to $1.24….


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…