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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) 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.
Park Aerospace Corp. (NYSE-PKE) announced the appointment of Mark Edwards as its new Director of Sales, effective September 14, 2021. Edwards brings extensive experience in the aerospace sector, having held various sales and business development roles at companies like Sun Chemical and CASS Polymers. Park Aerospace specializes in advanced composite materials for the global aerospace market, including those used in jet engines, military aircraft, and space applications. The company aims to tackle challenging projects that others may overlook.
The Board of Directors of Park Aerospace Corp. (NYSE – PKE) declared a quarterly dividend of $0.10 per share, payable on November 4, 2021, to shareholders recorded by October 1, 2021. This marks 36 consecutive years of uninterrupted dividend payments, totaling approximately $548 million in cash dividends since the 2005 fiscal year. Park Aerospace focuses on developing advanced composite materials for the aerospace sector, including products for jet engines, transport aircraft, and drones.
Park Aerospace Corp. (NYSE-PKE) has appointed Amy L. Kornahrens as its new General Counsel, effective immediately. Reporting to President Mark A. Esquivel, Kornahrens brings extensive legal experience, including her role as Chief Counsel at Koch Industries from 2008 to 2017. Her background includes positions at various firms and a strong educational foundation with a JD and LLM in Energy and Environment from Tulane Law School. Park Aerospace develops advanced composite materials, focusing on aerospace applications, with an emphasis on complex projects that others may overlook.
Park Aerospace Corp. (NYSE-PKE) reported a strong performance for Q1 of the 2022 fiscal year, ending May 30, 2021. Net sales increased to $13,594,000, compared to $12,213,000 in Q1 2021. Net earnings from continuing operations rose to $2,745,000, up from $1,972,000 in the prior year. Adjusted EBITDA also saw a significant increase to $4,104,000, compared to $2,364,000 in Q1 2021. Basic earnings per share improved to $0.13, reflecting ongoing operational growth. The company will hold a conference call to discuss these results.
Park Aerospace Corp. (NYSE - PKE) will release its financial results for Q1 of fiscal year 2022, ended May 30, 2021, before the market opens on July 8, 2021. A conference call to discuss these results will be held at 11:00 a.m. EDT the same day, with dial-in numbers provided for participants in the U.S. and internationally. A replay of the call will be available from 2:00 p.m. EDT on July 8 until July 14, 2021. Park Aerospace specializes in advanced composite materials for aerospace applications, including aircraft and rocket components.
Park Aerospace Corp. (NYSE: PKE) plans to release its financial results for the first quarter of FY 2022 on July 8, 2021, before the NYSE opens. A conference call will follow at 11:00 a.m. EDT to discuss the results and other material information. The call can be accessed by dialing 844-466-4114 (U.S. and Canada) or 765-507-2654 (international) with passcode 1577955. A live audio webcast will also be available, along with presentation materials, on their investor relations page.
The Board of Directors of Park Aerospace Corp. (PKE) has announced a quarterly dividend of $0.10 per share, payable on August 5, 2021, to shareholders of record by July 1, 2021. This marks 35 consecutive years of uninterrupted dividend payments, totaling approximately $544 million or $26.55 per share since fiscal year 2005. Park Aerospace specializes in the development and manufacturing of advanced composite materials for the aerospace sector, including products designed for various aircraft and spacecraft applications.
Park Aerospace Corp. (NYSE – PKE) has appointed Yvonne Julian to its Board of Directors. With a 36-year career at The Dow Chemical Company, she held various roles culminating as a Global Account Executive. Throughout her tenure, Julian managed the Park account, fostering strategic collaboration on product development. Chairman and CEO Brian Shore expressed enthusiasm for her joining, highlighting her deep understanding of the company's culture. Park Aerospace specializes in advanced composite materials for the aerospace market, targeting a range of applications, including military and civilian aircraft.
Park Aerospace Corp. (NYSE-PKE) reported its fourth quarter and fiscal year results for 2021, highlighting continuing operations net sales of $14.44M for Q4, a decrease from $15.49M in Q4 2020 and $46.28M for the full year compared to $60.01M last year. Net earnings for Q4 were $1.03M, down from $2.63M in the previous year, with a full-year net of $5.19M compared to $10.21M. Earnings per share stood at $0.05 for Q4 and $0.25 for the fiscal year, both lower than previous figures. A restructuring charge of $1.57M was recorded during the quarter.
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