Paragon Technologies, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023
May 07, 2023
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Paragon Technologies, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 29.13 million compared to USD 38.63 million a year ago. Net income was USD 0.707 million compared to USD 1.03 million a year ago.
Basic earnings per share from continuing operations was USD 0.41 compared to USD 0.6 a year ago. Diluted earnings per share from continuing operations was USD 0.41 compared to USD 0.6 a year ago.
Paragon Technologies, Inc. (Paragon) is engaged in diverse business activities, including material handling, distribution and real estate services. The Companyâs subsidiaries include SI Systems, LLC (SI Systems); Ohana Home Services, LLC (Ohana); ARK Investments, LLC and SED International de Colombia, S.A.S. (SEDC). SI Systems is a supply chain and logistics manufacturer and software engineering company. SI Systems provides solutions to distribution centers, manufacturers and warehouses worldwide. SI Systems provides material handling solutions that increase productivity and provide safety enhancements. SEDC distributes information technology (IT) hardware products from 27 IT manufacturers, such as Hewlett Packard, Lenovo, Dell, Samsung, LG, Epson, Hitachi, and others. SEDC's business is divided into four main business units: Value, Transactional, Consumer Electronics, and Integrated Services. Ohana acquires residential real estate for income and capital appreciation purposes.
PARAGON TECHNOLOGIES, INC. 