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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) 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.
Park Aerospace Corp. (NYSE-PKE) reported its third-quarter results for the 2022 fiscal year, ending November 28, 2021, highlighting net sales of $13,864,000, an increase from $10,372,000 in the same period last year. Net earnings from continuing operations reached $1,741,000, up from $1,037,000 in Q3 2021. For the first nine months, earnings stood at $6,508,000, compared to $4,160,000 last year. Adjusted EBITDA for the third quarter was $2,670,000. EPS from continuing operations was $0.09. The company faced restructuring charges of $13,000 in Q3.
Park Aerospace Corp. (NYSE-PKE) has secured a Business Partner Agreement with ArianeGroup SAS, becoming its exclusive North American distributor for the RAYCARB C2®B NG product. This advanced material is essential for creating ablative composites used in rocketry and missile systems. Park Aerospace, a long-time customer of ArianeGroup, will continue utilizing RAYCARB C2®B NG in its production while expanding its role in North America. CEO Brian Shore emphasized the importance of this partnership, indicating a significant opportunity for Park to further develop its relationship with ArianeGroup.
Park Aerospace Corp. (PKE) will release its financial results for Q3 2022 on January 6, 2022, before the NYSE opens. A conference call to discuss these results will follow at 11:00 a.m. EST, with dial-in numbers provided for participants in the U.S., Canada, and other countries. Additional details, including a live audio webcast and presentation materials, will be available on the company’s website. Park Aerospace develops advanced composite materials for the aerospace sector, targeting various markets including military and commercial aircraft.
Park Aerospace Corp. (NYSE – PKE) has declared a quarterly dividend of $0.10 per share, payable on February 3, 2022, to shareholders of record by January 4, 2022. This marks 36 consecutive years of uninterrupted dividends, amounting to approximately $550 million or $26.85 per share since 2005. The company specializes in advanced composite materials for aerospace applications, including jet engines and aircraft structures, and is committed to producing innovative solutions in challenging areas.
Park Aerospace Corp. announced its quarterly cash dividend of $0.10 per share, totaling $550 million paid in dividends since 2005. This dividend, declared on September 13, 2021, was issued to shareholders on October 1, 2021. Chairman and CEO Brian Shore acknowledged the company's dedication and hard work in achieving this milestone. Park Aerospace develops advanced composite materials for the aerospace industry, including components for jets, UAVs, and other aerospace applications.
Park Aerospace Corp. (NYSE-PKE) has appointed Kenneth Kim as Vice President of Business Development and Program Management, effective immediately. Kim, who previously served as Director of Program Management since October 2019, will oversee the development of strategic opportunities, including acquisitions and joint ventures in the aerospace industry. His background includes extensive experience in aerospace engineering roles, notably with Boeing and Lancer Systems. This leadership change aims to enhance Park's strategic direction and foster growth in advanced composite materials for aerospace applications.
Park Aerospace Corp. (NYSE-PKE) reported a strong performance for the second quarter of the 2022 fiscal year, ending August 29, 2021. Net sales reached $13,618,000, a significant increase from $9,250,000 in Q2 2021 and slightly above $13,594,000 in Q1 2022. Net earnings also improved to $2,022,000 compared to $1,151,000 in the previous year, though down from $2,745,000 in Q1 2022. Adjusted EBITDA rose to $3,232,000, up from $1,418,000 in Q2 2021. The company reported restructuring charges of $170,000 in Q2.
Park Aerospace Corp. (NYSE: PKE) will release its financial results for the second quarter of its 2022 fiscal year on October 7, 2021. The results will be shared before the market opens, followed by a conference call at 11:00 a.m. EDT. The call will discuss financial metrics and forward-looking information. A live audio webcast will accompany the conference, with presentation materials available at 9:00 a.m. EDT on the same day. For those unable to attend live, a replay will be accessible from October 7 to October 13, 2021.
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