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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.
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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. (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.
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.
