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Park Aerospace Corp (symbol: PKE) is a globally recognized leader in advanced materials, specializing in the development and manufacture of high-technology digital and RF/microwave printed circuit materials. These materials are essential for the telecommunications and internet infrastructure, along with high-end computing markets. The company also excels in producing advanced composite materials, parts, and assemblies specifically for the aerospace industry.
Park Aerospace Corp's core competencies lie in polymer chemistry formulation and coating technology. Their manufacturing capabilities are spread across various locations including Singapore, France, Kansas, Arizona, and California. The company maintains R&D facilities in Arizona, Kansas, and Singapore, ensuring continuous innovation and advancement in their specialized fields.
The company's sole operating segment is Aerospace, where it designs, develops, and manufactures engineered advanced composite materials, structures, and assemblies. This includes low-volume and prototype tooling for aerospace applications. Park Aerospace Corp offers a range of products such as Advanced Composite Prepregs for Aircraft Structures and Interiors, Sigma Strut, and Alpha Strut.
Geographically, Park Aerospace Corp generates the majority of its revenue from North America, with notable business operations in Asia and Europe.
Park Aerospace Corp. (NYSE-PKE) reported its fiscal year 2025 second quarter results, ending September 1, 2024. Key highlights include:
- Net sales of $16,709,000, up from $12,481,000 in Q2 FY2024
- Net earnings of $2,066,000, compared to $1,746,000 in Q2 FY2024
- Basic and diluted earnings per share of $0.10, up from $0.09 in Q2 FY2024
- Adjusted EBITDA of $3,206,000, increased from $2,669,000 in Q2 FY2024
For the first six months of FY2025, Park reported net sales of $30,679,000 and net earnings of $3,059,000. The company recorded pre-tax charges related to storm damage to its Newton, Kansas facilities. A conference call to discuss the results is scheduled for 5:00 p.m. EDT today.
Park Aerospace Corp. (NYSE: PKE) has announced the date for its fiscal year 2025 second quarter earnings release. The company will disclose its financial results for the quarter ended September 1, 2024 after the New York Stock Exchange closes on Tuesday, October 15, 2024. Following the release, Park Aerospace will host a conference call at 5:00 p.m. EDT on the same day to discuss the quarterly results with investors and analysts.
Park Aerospace Corp. (NYSE: PKE) has declared a regular quarterly cash dividend of $0.125 per share, payable on November 5, 2024, to shareholders of record as of October 1, 2024. This marks the company's 39th consecutive year of uninterrupted quarterly dividends without reduction. Since the beginning of its 2005 fiscal year, Park has paid approximately $596 million in cash dividends, equivalent to $29.10 per share.
Park Aerospace specializes in developing and manufacturing advanced composite materials for the global aerospace industry, including film adhesives and lightning strike protection materials. The company's products are used in various aircraft applications, from commercial to military and unmanned aerial vehicles.
Park Aerospace Corp. (NYSE: PKE) has announced the election of John Jamieson as Senior Vice President of Project Management. Jamieson, who previously served as Park's Vice President of Supply Chain from 2014 to 2018, will report to Mark Esquivel, the company's President and COO. With extensive experience in manufacturing and engineering roles, Jamieson is expected to drive important projects and opportunities for Park.
Brian Shore, Park's Chairman and CEO, emphasized that Jamieson's appointment will help bridge the company's resource and bandwidth gap, as Park is not opportunity- but resource-constrained. Park Aerospace Corp. specializes in developing and manufacturing advanced composite materials for the global aerospace markets, including film adhesives, lightning strike protection materials, and composite structures for various aircraft types.
Park Aerospace Corp. (NYSE-PKE) reported its fiscal year 2025 first quarter results. Net sales decreased to $13,970,000 compared to $15,551,000 in the same quarter last year. Net earnings fell to $993,000 from $1,854,000 year-over-year. Adjusted EBITDA was $2,610,000, down from $3,311,000 in the previous year's quarter.
The company faced challenges, including a $1,052,000 pre-tax charge due to storm damage at its Newton, Kansas facilities. Basic and diluted earnings per share were $0.05, compared to $0.09 in the same quarter last year. Earnings per share before special items were $0.09, down from $0.12 year-over-year.
Park Aerospace Corp. (NYSE - PKE) announced plans to release its financial results for the first quarter of its 2025 fiscal year, which ended on June 2, 2024. These results will be available after the New York Stock Exchange closes on Tuesday, July 16, 2024. The company will hold a conference call to discuss the results at 5:00 p.m. EDT on the same day.
The Board of Directors of Park Aerospace Corp. (NYSE: PKE) declared a regular quarterly cash dividend of $0.125 per share, payable on August 2, 2024, to shareholders of record as of July 1, 2024.
Park Aerospace has a consistent history of paying regular quarterly dividends for 39 years without interruption, totaling approximately $594 million since 2005.
Park Aerospace develops and manufactures advanced composite materials and offers an array of composite parts and structures primarily for the aerospace industry, including jet engines, military aircraft, and UAVs.
The company’s products include film adhesives, lightning strike protection materials, and specialty ablative materials for rocket motors.
Park Aerospace Corp. (NYSE: PKE) reported its financial results for the fourth quarter and fiscal year ending March 3, 2024. The company recorded net sales of $16.33 million for Q4, a rise from $13.53 million in Q4 2023. Full-year net sales were $56 million, up from $54.05 million in 2023. However, net earnings decreased to $2.67 million for Q4 compared to $4.71 million in the previous year and $7.47 million for the full year down from $10.73 million in 2023. Adjusted EBITDA for Q4 stood at $3.20 million, improving from $2.63 million in Q4 2023. EPS for Q4 was $0.13, down from $0.23 in the previous year. The company faced costs related to activist shareholder defense, investment losses, and recruiting fees.
Park Aerospace Corp. (NYSE: PKE) plans to release its financial results for the fourth quarter and the full fiscal year ending March 3, 2024, on May 30, 2024, after market close. The company will host a conference call to discuss the results at 5:00 p.m. EDT on the same day.
On May 22, 2024, Park Aerospace Corp. (NYSE: PKE) announced that its Newton, Kansas manufacturing facilities sustained structural damage due to a storm on May 19, 2024.
No manufacturing lines or equipment were damaged, but the roofs of all three buildings likely need replacement, and multiple specialty HVAC units were damaged or destroyed. The company is assessing the damage and working with contractors for repairs.
Temporary measures will bring the manufacturing lines back online within weeks, but permanent repairs will take months. The company expects a shift in sales from FY2025 Q1 to FY2025 Q2 but does not anticipate losing business. Further details may be provided during the FY2024 Q4 investor call.
Importantly, no employees or their families were injured.
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