Paragon Technologies, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023
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Paragon Technologies, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 29.19 million compared to USD 32.65 million a year ago. Net income was USD 1.01 million compared to USD 0.378 million a year ago. Basic earnings per share from continuing operations was USD 0.59 compared to USD 0.22 a year ago. Diluted earnings per share from continuing operations was USD 0.59 compared to USD 0.22 a year ago.
For the six months, sales was USD 58.32 million compared to USD 71.28 million a year ago. Net income was USD 1.72 million compared to USD 1.41 million a year ago. Basic earnings per share from continuing operations was USD 1 compared to USD 0.82 a year ago. Diluted earnings per share from continuing operations was USD 1 compared to USD 0.82 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.