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Park Aerospace Corp (NYSE: PKE) delivers innovative composite solutions for aerospace applications through advanced material science and precision engineering. This news hub provides investors and industry professionals with comprehensive coverage of corporate developments, financial updates, and technological advancements.
Access real-time press releases covering earnings announcements, product innovations, and strategic partnerships. Our curated collection includes regulatory filings, leadership updates, and operational milestones impacting PKE's position in aerospace composites. Bookmark this page for verified updates about manufacturing expansions, R&D breakthroughs, and supply chain developments.
Key focus areas include advanced composite material formulations, prototype tooling advancements, and international market expansions. All content undergoes strict verification to ensure accuracy and relevance for investment research and industry analysis. Return regularly for authoritative updates on PKE's contributions to next-generation aerospace manufacturing technologies.
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.
The Board of Directors of Park Aerospace (NYSE – PKE) has declared a quarterly dividend of $0.10 per share, payable on August 4, 2022, to shareholders recorded by July 1, 2022. This marks the 37th consecutive year of uninterrupted quarterly cash dividends, amounting to approximately $554 million or $27.05 per share since 2005. Park Aerospace specializes in developing advanced composite materials for the aerospace sector, including solutions for aircraft and rocket motors.
Park Aerospace Corp. (NYSE-PKE) announced the authorization to purchase up to 1,500,000 shares of common stock, which is approximately 7% of its total outstanding shares, during a Board of Directors meeting on May 18, 2022. This new buyback program replaces any prior authorizations. Any shares bought will be retained as treasury stock for corporate uses, including the stock option plan. Park develops advanced composite materials for the aerospace market, including solutions for jet and military aircraft, UAVs, and rockets.
Park Aerospace Corp. (NYSE-PKE) announced its fourth quarter and full-year results for fiscal 2022, reporting net sales of $12.5 million in Q4, down from $14.4 million in Q4 2021. For the fiscal year, net sales rose to $53.6 million compared to $46.3 million the previous year. Net earnings for Q4 were $1.96 million, up from $1.03 million year-over-year, and full-year earnings increased to $8.46 million. The company recorded restructuring charges of $62,000 in Q4 2022. Earnings per share for the year were $0.41, compared to $0.25 last year.
Park Aerospace Corp. (PKE) will release its financial results for Q4 and the full fiscal year 2022 on May 12, 2022, before NYSE opens. A conference call is set for 11:00 a.m. EDT the same day, where forward-looking information may be discussed. The company specializes in advanced composite materials for the aerospace sector, including parts for aircraft and rockets. A live audio webcast and presentation materials will be available on the company’s website. A replay of the conference call will be accessible until May 18, 2022.
Park Aerospace Corp. (NYSE – PKE) has announced a quarterly dividend of $0.10 per share, payable on May 5, 2022, to shareholders on record as of April 1, 2022. The company has a strong track record, having paid uninterrupted dividends for 37 consecutive years, totaling approximately $552 million in cash dividends since 2005. Park Aerospace specializes in developing advanced composite materials for the aerospace market, including materials for jet engines and unmanned aerial vehicles.
Park Aerospace Corp. (NYSE-PKE) has launched its new product, the RadarWave RW-HS-300, expanding its RadarWave line of prepreg materials designed for advanced radome systems in aerospace and defense. This innovative material, utilizing a 300 gsm 8HS fabric, enhances design flexibility and manufacturability, meeting the growing demand for high-performance radomes. Park's RadarWave products offer cost-effective alternatives to traditional materials, ensuring optimal dielectric performance and minimal signal loss. The necessity for advanced radome systems continues to rise alongside the evolution of aerospace and defense electronics.
Park Aerospace Corp. (NYSE – PKE) has announced that its CEO, Brian Shore, will present at the 24th Annual Needham Virtual Growth Conference on January 13, 2022, at 11:30 a.m. EST. Attendees can access a live audio webcast and presentation materials via the provided link.
Additionally, presentation materials will be available at 8:30 a.m. EST on the same day on Park's website. Park Aerospace Corp. specializes in advanced composite materials for the aerospace sector, including structures for various aircraft and specialty materials for rocket motors.
