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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) announced a quarterly dividend of $0.10 per share payable on May 6, 2021, to shareholders of record by April 1, 2021. This marks the company's commitment to consistent shareholder returns, maintaining an impressive track record of 36 consecutive years of uninterrupted dividends. Since the 2005 fiscal year, Park has disbursed approximately $544 million in dividends, averaging $26.55 per share. Park Aerospace specializes in advanced composite materials for the aerospace industry.
Park Aerospace Corp. (NYSE – PKE) announced the election of D. Bradley Thress as a Director. Thress, currently President and CEO of FlightSafety International, brings extensive leadership experience from Textron Aviation, where he held various senior roles. His military background includes service in the U.S. Air Force. Brian Shore, Park's Chairman and CEO, expressed confidence in Thress's ability to enhance the company’s strategic direction, particularly in supplying aircraft OEMs. Park specializes in advanced composite materials for aerospace applications.
Park Aerospace Corp. (NYSE – PKE) announced that CEO Brian Shore will present at the 23rd Annual Needham Virtual Growth Conference on January 14, 2021, at 11:30 a.m. EST. A live audio webcast and presentation materials will be available online. The archived replay will be accessible for 90 days following the event. Park Aerospace specializes in developing advanced composite materials for the aerospace industry, including materials for various aircraft types and rocket motors. Additional information can be found on their website.
Park Aerospace Corp. (NYSE-PKE) reported a decline in net sales for Q3 of the 2021 fiscal year, totaling $10,372,000, down from $15,847,000 in Q3 2020. For the nine months ending November 29, 2020, net sales were $31,835,000 compared to $44,520,000 in the previous year. Net earnings from continuing operations fell to $1,037,000 in Q3 2021 versus $2,806,000 in Q3 2020. Basic and diluted earnings per share dropped to $0.05 from $0.14 year-over-year. EBITDA also decreased, highlighting ongoing challenges in the aerospace sector.
Park Aerospace Corp. (PKE) is set to release its financial results for Q3 of its 2021 fiscal year on January 7, 2021, before NYSE market opening. A conference call is scheduled for 11:00 a.m. EST on the same day to discuss the results, which may include forward-looking information. Investors can access an audio webcast and presentation materials on the company's official website. A replay of the conference call will be available from January 7 to January 13, 2021. Park Aerospace develops advanced composite materials for various aerospace applications, including military and commercial aircraft.
The Board of Directors of Park Aerospace Corp. (NYSE – PKE) has declared a quarterly dividend of $0.10 per share, to be paid on February 4, 2021, to shareholders of record by January 4, 2021. Park has a strong track record of 35 consecutive years of uninterrupted dividend payments, totaling approximately $542 million in cash dividends since the start of the 2005 fiscal year. The company specializes in developing advanced composite materials for the aerospace industry, including applications in various aircraft and space technologies.
Park Aerospace Corp. (NYSE-PKE) announced the departure of Ben Shore, its Senior Vice President of Sales, Marketing, and Business Development, effective December 23, 2020. Chairman and CEO Brian Shore expressed appreciation for Ben's contributions and wished him well in future endeavors. Park Aerospace specializes in developing advanced composite materials for aerospace markets, including solutions for jet engines and military aircraft. The company also fabricates composite parts and structures aimed at niche aerospace applications.
Park Aerospace Corp. (NYSE-PKE) has elected Mark Esquivel as the new President and Chief Operating Officer. Esquivel, who has been with the company for 26 years, previously served as Executive Vice President and COO since May 2019. He has held various leadership roles within the company and has a strong background in aerospace manufacturing. Chairman and CEO Brian Shore praised Esquivel for his dedication and experience, noting his rise from the factory floor to executive leadership. Park Aerospace specializes in advanced composite materials for the aerospace industry.
Park Aerospace Corp. (NYSE-PKE) has appointed Cory L. Nickel as Vice President and General Manager. Nickel joined the company in 2011 and has held various roles, ultimately rising to Operations Manager in 2017. His extensive experience within the company positions him well to lead. Park Aerospace develops advanced composite materials used in aerospace applications, including those for military and commercial aircraft. This leadership change potentially strengthens the company's operational knowledge and strategy execution.
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