Paragon Technologies, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 14, 2020 at 07:15 am
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Paragon Technologies, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was USD 28.873 million compared to USD 30.842 million a year ago. Operating income was USD 1.203 million compared to USD 737,000 a year ago. Net income was USD 718,000 compared to USD 295,000 a year ago. Basic earnings per share from continuing operations was USD 0.42 compared to USD 0.17 a year ago. For the nine months, sales was USD 76.719 million compared to USD 81.794 million a year ago. Operating income was USD 3.041 million compared to USD 1.653 million a year ago. Net income was USD 1.563 million compared to USD 554,000 a year ago. Basic earnings per share from continuing operations was USD 0.92 compared to USD 0.33 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. 
