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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) appointed Robert Cathcart as Director of Sales, reporting to President and COO Mark A. Esquivel. Cathcart's prior experience includes roles at Visioneering, Cytec/Solvay Materials, and Albany Engineered Composites, showcasing a strong background in sales and engineering. Park Aerospace specializes in advanced composite materials for the aerospace industry, targeting markets including aircraft and rocket components. The company aims to tackle challenges others avoid, reinforcing its commitment to innovation and specialized solutions in aerospace applications.
Park Aerospace Corp. (NYSE-PKE) reported its fiscal Q2 2023 results for the period ended August 28, 2022. The company achieved net sales of $13,875,000, marking an increase from $12,783,000 in Q1 2023 but a slight rise from $13,618,000 in Q2 2022. However, net earnings fell to $1,885,000 compared to $2,022,000 in Q2 2022. Adjusted EBITDA also decreased to $2,709,000. For the first six months, net earnings were $3,795,000, down from $4,767,000 last year. The company plans a conference call at 5:00 p.m. EDT for further discussion.
Park Aerospace Corp. (NYSE - PKE) will release its financial results for Q2 of the 2023 fiscal year, ended August 28, 2022, on October 6, 2022, post-market close. The company will host a conference call at 5:00 p.m. EDT the same day, differing from its usual schedule. A live audio webcast and presentation materials will also be available online. For those who miss the live call, a replay will be accessible from October 6 to October 13, 2022. Park Aerospace specializes in advanced composite materials for the aerospace sector, including products for aircraft and rocket applications.
Park Aerospace Corp. (NYSE – PKE) has declared a quarterly dividend of $0.10 per share, payable on November 4, 2022, to shareholders on record by October 3, 2022. This marks the company's 37th consecutive year of uninterrupted dividend payments, totaling approximately $556 million or $27.15 per share since fiscal 2005. Park Aerospace develops advanced composite materials for the aerospace industry, with applications ranging from jet engines to drones.
Park Aerospace Corp. (NYSE-PKE) has appointed Cory L. Nickel as Senior Vice President and General Manager. Starting as a Solution Treater Operator in 2011, Nickel has progressed through various roles, demonstrating significant growth and capability. His previous positions include Production Manager and Vice President and General Manager since October 2020. Brian Shore, Park’s CEO, commended Nickel's journey as a testament to employee potential within the company. Park Aerospace develops advanced composite materials for the aerospace sector, focusing on innovative solutions for challenging needs.
Park Aerospace Corp. (NYSE-PKE) reported net sales of $12,783,000 for the first quarter of fiscal year 2023, a decline from $13,594,000 in the same period of 2022. Net earnings fell to $1,910,000, down from $2,745,000 year-over-year. Earnings per share were $0.09, compared to $0.13 in the prior year. Adjusted EBITDA decreased to $2,804,000 from $4,104,000. The company did not incur restructuring charges this quarter, contrasting with prior quarters. The financial results call is set for 11:00 a.m. EDT today.
Park Aerospace Corp. (PKE) has corrected the dial-in number for its July 7, 2022 conference call discussing its financial results for the first quarter of fiscal 2023, ending May 29, 2022. The correct number for U.S. and Canada is (877) 407-3982. Financial results will be released before the NYSE opens on the same day, followed by a call at 11:00 a.m. EDT. A live audio webcast and presentation materials will also be accessible at that time. A replay of the call will be available from 2:00 p.m. EDT on July 7 to July 13, 2022, using (844) 512-2921.
Park Aerospace Corp. (PKE) is set to announce its financial results for the first quarter of the 2023 fiscal year, ending May 29, 2022, before market opening on July 7, 2022. A conference call will be held at 11:00 a.m. EDT on the same day to discuss the results, with a live audio webcast available. Following the call, a replay will be accessible until July 13, 2022. The company specializes in developing advanced composite materials for the aerospace sector, serving various markets, including commercial and military aviation.
Park Aerospace Corp. (NYSE - PKE) will announce its Q1 2023 financial results on July 7, 2022, pre-market. The financial results will cover the period ending May 29, 2022. A conference call to discuss these results is scheduled for 11:00 a.m. EDT on the same day, with a dial-in number provided for participants. A live audio webcast will also be available, along with presentation materials, accessible on the company's website. A replay of the conference call can be accessed from July 7, 2022, to July 13, 2022.
Park Aerospace Corp. has reaffirmed its commitment to support Airbus's A320neo Aircraft Family production rates, aiming for 65 aircraft per month by mid-2023 and 75 by 2025. As the sole supplier of composite materials for components used in these aircraft, Park emphasizes its readiness to assist Airbus amidst skepticism from other suppliers. The company has also recently completed a $20 million facility expansion to enhance its manufacturing capacity and redundancy, thereby ensuring it can meet Airbus's demanding ramp-up requirements.
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