Paragon Technologies Reports Third Quarter Results

News provided by

Paragon Technologies, Inc.

Nov 14, 2014, 01:40 ET

EASTON, Pa., Nov. 14, 2014 /PRNewswire/ -- Paragon Technologies, Inc. (OTC Pink: PGNT), a holding company, today announces its results for the third quarter of 2014.

Paragon Technologies, Inc.'s earnings for the three and nine months ended September 30, 2014 and September 30, 2013 are summarized below. For further detail on our results, shareholders should carefully review our 10-Q, which can be found at www.pgntgroup.com


























Three Months Ended

Nine Months Ended

(in thousands)













September 30, 2014

September 30, 2013

September 30, 2014

September 30, 2013
























Sales


1,258

3,302

5,121

9,782












Pre-tax Operating Income (Loss)

(129)

149

(238)

801












Paragon Investment Gains/(Losses)

3

41

22

34












Other Income (Expense)

6

(98)

5

(102)












Interest Income

1

-

5

2












Interest (Expense)

(6)

(1)

(7)

(1)












Total Other Income (Expense), net

4

(58)

25

(67)












Income Tax (Expense)

-

15

(11)

(102)
























Net Earnings Attributable to Paragon Technologies

(125)

106

(224)

632












Analysis of Results:

Investment gains or losses reflect realized gains or losses in the company's investment portfolio. Other income in 2014 reflects dividend income on the investments.

Paragon utilizes pre-tax operating income, non-GAAP financial measure, in its analysis of financial results.  Paragon Technologies defines pre-tax operating earnings outside of the investment gains/losses of the Company, and interest expense.

About Paragon Technologies

Paragon Technologies, Inc. is a holding company with diverse business activities. Paragon's wholly owned operating subsidiary, SI Systems, Inc., offers branded technologies and material handling solutions that serve manufacturing operations and order fulfillment applications.  Operating decisions for Paragon's operating businesses are made by the management of those businesses.  All investment decisions under Paragon's investment policy are made by Sham Gad, Chairman and CEO of Paragon pursuant to the Company's investment management policy.

SOURCE Paragon Technologies, Inc.

Related Links

http://www.pgntgroup.com

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

icon3
440k+
Newsrooms &
Influencers
icon1
9k+
Digital Media
Outlets
icon2
270k+
Journalists
Opted In
GET STARTED