Paragon Technologies, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 15, 2021 at 04:07 pm
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Paragon Technologies, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 36.77 million compared to USD 28.87 million a year ago. Net income was USD 0.892 million compared to USD 0.718 million a year ago. Basic earnings per share from continuing operations was USD 0.52 compared to USD 0.42 a year ago. Diluted earnings per share from continuing operations was USD 0.52 compared to USD 0.42 a year ago.
For the nine months, sales was USD 100.96 million compared to USD 76.72 million a year ago. Net income was USD 1.66 million compared to USD 1.56 million a year ago. Basic earnings per share from continuing operations was USD 0.97 compared to USD 0.92 a year ago. Diluted earnings per share from continuing operations was USD 0.97 compared to USD 0.92 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. 
