Park Electrochemical up ~14% post Q3 results and special dividend

|By:, SA News Editor

Park Electrochemical (PKE +13.9%) completes Electronics Business divestiture to AGC (OTCPK:ASGLY) in December 2018.

Q3 sales is up ~26% Y/Y to $12.8M

Park witnessed improved profitability with net earnings of $2.1M up from 0.34M last year; operating income increases from $0.46M to $2.3M

Gross margin improves 430bps to 33.3%

Previously: Park Electrochemical beats by $0.03, beats on revenue (Jan. 3)

Previously: Park Electrochemical declares $4.25 dividend (Jan. 3)

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