Paragon Technologies, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 16, 2021 at 05:51 pm
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Paragon Technologies, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 32.823 million compared to USD 18.252 million a year ago. Operating income was USD 1.462 million compared to USD 895,000 a year ago. Net income was USD 778,000 compared to USD 564,000 a year ago. Basic earnings per share from continuing operations was USD 0.46 compared to USD 0.33 a year ago. For the half year, sales was USD 64.187 million compared to USD 47.846 million a year ago. Operating income was USD 2.160 million compared to USD 1.838 million a year ago. Net income was USD 766,000 compared to USD 846,000 a year ago. Basic earnings per share from continuing operations was USD 0.45 compared to USD 0.5 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. 
