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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 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.
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.
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