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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.
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.
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.
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