Welcome to our dedicated page for Park Aerospace news (Ticker: PKE), a resource for investors and traders seeking the latest updates and insights on Park Aerospace stock.
Company Overview
Park Aerospace Corp (PKE) is a publicly traded company that specializes in the design, development, and manufacturing of engineered composite materials and assemblies for the aerospace market. Leveraging advanced composite technologies and state-of-the-art manufacturing practices, the company delivers high-performance composite structures, tooling for prototypes, and low-volume production solutions that serve critical aerospace applications. With deep expertise in polymer chemistry formulation and coating technology, Park Aerospace has carved a niche in producing materials that combine strength, efficiency, and durability for aircraft structures and interiors.
Core Competencies and Operational Expertise
The company’s operational framework is built on a strong foundation of engineering excellence and material science know-how. Its core competencies include:
- Advanced Composite Development: Utilizing innovative polymer formulations to produce high-performance prepregs and composite materials that meet stringent aerospace standards.
- Precision Manufacturing: Through its advanced manufacturing facilities, the company produces composite structures and assemblies tailored for the aerospace industry, emphasizing accuracy and quality in every process.
- Tooling and Prototype Engineering: The firm offers specialized low-volume tooling solutions and prototype tooling designed to support the unique demands of aerospace design and production cycles.
- Research and Development: With dedicated R&D centers, the company continually refines its processes and materials, ensuring progressive improvements in composite technology and maintaining competitive technical expertise.
Global Footprint and Market Presence
Park Aerospace operates an extensive network of manufacturing and R&D facilities strategically located in key markets. In North America, the company commands a significant presence, which is complemented by facilities across Asia and Europe. This geographic diversity enables the company to serve a wide array of aerospace customers with tailored solutions while optimizing production and distribution processes.
Manufacturing Excellence and R&D Capabilities
At the heart of Park Aerospace Corp is a commitment to manufacturing excellence. The company has invested in state-of-the-art facilities equipped to handle complex composite manufacturing processes. These facilities are augmented by multiple research and development centers that focus on enhancing composite material formulations, improving structural designs, and integrating innovative coating technologies. This dual approach of proven production methods combined with continuous innovation underlines the company’s technical expertise and dedication to quality.
Competitive Landscape and Industry Positioning
Within the aerospace market, Park Aerospace is recognized for its specialized focus on composite materials. The company’s products are critical components in aerospace applications, from interior assemblies to structural elements within aircraft. While competition in the aerospace composite sector is robust, Park Aerospace distinguishes itself with its integrated approach to design, material science, and production. This integrated model not only enhances product reliability but also offers a consistent quality benchmark amid a competitive landscape characterized by rapid technological advancements and evolving production needs.
Business Model and Value Proposition
The business model of Park Aerospace Corp is built on delivering engineered solutions that meet the rigorous demands of aerospace applications. The company generates revenue through the direct sale of composite materials, assemblies, and bespoke tooling solutions. Its customer base predominantly consists of aerospace manufacturers and engineering firms that require advanced composite products capable of withstanding high-performance demands. The company’s value proposition is anchored in its ability to combine innovative material science with precision engineering to yield products that offer exceptional durability, performance, and compliance with aerospace industry standards.
Technical Innovation and Quality Assurance
Innovation is a central theme at Park Aerospace Corp. The company’s research teams are continuously engaged in developing next-generation composite materials, exploring advanced synthesis routes in polymer chemistry, and optimizing coating processes. These innovations are backed by rigorous quality assurance protocols that ensure each product meets exacting aerospace standards. Through this meticulous approach, the company builds trust with its partners and stakeholders by delivering reliable, high-quality solutions that contribute to enhanced aircraft performance and safety.
Conclusion
Overall, Park Aerospace Corp stands as a technically proficient and internationally recognized manufacturer in the aerospace composites sector. Its comprehensive portfolio, ranging from advanced composite prepregs to engineered tooling solutions, reflects a deep commitment to quality, innovation, and customer-specific problem solving. By maintaining a robust global presence and continuously advancing its technical capabilities, the company reinforces its role as an essential player in the aerospace industry, dedicated solely to feeding the evolving needs of modern aviation and aerospace manufacturing.
Park Aerospace Corp. (NYSE-PKE) reported net sales of $13,867,000 for the third quarter of fiscal year 2023, a slight increase from $13,864,000 in the same quarter last year. Net earnings rose to $2,230,000, up from $1,741,000 year-over-year. Adjusted EBITDA improved to $3,321,000, compared to $2,670,000 in Q3 2022. However, net sales for the nine months were $40,525,000, down from $41,076,000 last year. Basic and diluted earnings per share (EPS) for Q3 were $0.11 versus $0.09 in Q3 2022.
Park Aerospace Corp. (NYSE: PKE) will release its financial results for the third quarter of its 2023 fiscal year on January 5, 2023, before the NYSE opens. A conference call is scheduled at 11:00 a.m. EST the same day to discuss the results and other material information. The call can be accessed by dialing (877) 407-3982 in the U.S. or (201) 493-6780 internationally. A live audio webcast will also be available, along with presentation materials at their website.
The Board of Directors of Park Aerospace Corp. (NYSE - PKE) has announced a quarterly dividend of $0.10 per share, payable on February 3, 2023 to shareholders recorded as of January 4, 2023. This marks the company's 37 consecutive years of uninterrupted dividend payments, totaling approximately $558 million or $27.25 per share since fiscal year 2005. Park Aerospace specializes in advanced composite materials for the aerospace industry, including components for aircraft and rocket motors.
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.
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