Welcome to our dedicated page for Paragon Technologies news (Ticker: PGNT), a resource for investors and traders seeking the latest updates and insights on Paragon Technologies stock.
Paragon Technologies, Inc. (OTC Pink: PGNT) is a diversified holding company whose news flow centers on its subsidiaries in material handling, distribution, real estate, and investments, as well as significant corporate governance developments. Company releases provide updates on operating performance in areas such as automation and distribution, commentary on expenses, and the impact of investment gains and losses on reported results.
Investors following PGNT news can find earnings announcements that summarize results for recent periods and discuss trends in distribution sales, automation margins, and cost alignment efforts. These releases also explain how unrealized and realized gains or losses from the company’s investment portfolio affect the income statement and how Paragon uses pre-tax operating income, excluding investment gains and losses, as a non-GAAP measure in its analysis.
Paragon’s news feed has also featured detailed coverage of board and governance matters, including proxy contests, annual meeting voting results, and changes in board composition. Statements from both the company and major shareholders discuss strategic plans, litigation settlements, shareholder rights agreements, and broader questions of board accountability and alignment with stockholders.
By reviewing the PGNT news page, readers can track how Paragon Technologies communicates about its material handling and distribution businesses, real estate decisions, investment activities, and governance issues over time. This historical record of press releases and shareholder letters can help investors and observers understand the company’s priorities, challenges, and responses as they evolve.
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Paragon Technologies, Inc. (OTC PINK:PGNT) reported its 2022 financial results on March 24, 2023, revealing net sales of $134.2 million, a decrease from $141.6 million in 2021. The operating income rose to $7.6 million, compared to $6.5 million in the previous year. Net income attributable to Paragon was $4.7 million, up from $3.4 million in 2021. Investment portfolio performance included a realized gain of $935,000, contrasting with a loss of $325,000 in 2021. The company’s annual letter to shareholders is available on its website for further insights.
Paragon Technologies, Inc. (OTC PINK:PGNT) reported its financial results for the three and nine months ending September 30, 2022, with net sales of $34,498 thousand for the quarter and $105,773 thousand year-to-date, showing a decline from $36,771 thousand and $100,958 thousand respectively in 2021. Operating income rose to $2,323 thousand in Q3 2022, compared to $2,109 thousand in Q3 2021, but the company faced challenges due to the COVID-19 pandemic and geopolitical issues impacting bookings and cash flow. Investment portfolio gains positively affected net income, while the company prudently managed expenses in a fluctuating environment.
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