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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 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.
Park Aerospace Corp. (NYSE-PKE) reported net sales of $9.25 million in Q2 2021, down from $13.72 million in Q2 2020. For the first six months, net sales totaled $21.46 million, compared to $28.67 million the previous year. Net earnings from continuing operations for Q2 were $1.15 million, declining from $2.05 million year-over-year. EBITDA for Q2 was $1.42 million, down from $2.41 million in Q2 2020. Basic and diluted earnings per share also fell to $0.06 from $0.10, reflecting ongoing challenges in the Aerospace sector.
Park Aerospace Corp. (NYSE: PKE) will announce its financial results for the second quarter of the 2021 fiscal year on October 8, 2020, prior to the NYSE opening. A conference call is scheduled for 11:00 a.m. EDT on the same day to discuss these results, with a live audio webcast available. The company specializes in developing advanced composite materials used in aerospace applications, including jet engines and UAVs. Additional financial data will be accessible on their website following the call.
The Board of Directors of Park Aerospace Corp. (NYSE – PKE) has announced a quarterly dividend of $0.10 per share, payable on November 5, 2020, to shareholders of record by October 1, 2020. This marks the company's 35th consecutive year of uninterrupted quarterly cash dividends, totaling approximately $540 million or $26.35 per share since fiscal 2005. The company specializes in manufacturing advanced composite materials for the aerospace industry, providing solutions for a variety of aircraft and aerospace applications.
Park Aerospace Corp. (NYSE-PKE) reported its financial results for the first quarter of fiscal year 2021, ending May 31, 2020. Net sales decreased to $12.21 million, down from $14.95 million in the same quarter last year. Net earnings from continuing operations were $1.97 million, compared to $2.71 million in the prior year. EBITDA also fell to $2.36 million from $3.37 million. Earnings per share from continuing operations stood at $0.10, down from $0.13 in the previous year. The company will host a conference call today at 11:00 a.m. EDT to discuss these results.
Park Aerospace Corp. (NYSE-PKE) appointed Craig W. Niehous as its new Sales Director, reporting to Benjamin W. Shore, Senior VP of Sales, Marketing, and Business Development. Niehous has extensive experience, previously serving as Sales Director for Saint-Gobain Vetrotex and holds degrees from Miami University of Ohio and University of Houston. Park Aerospace specializes in advanced composite materials for aerospace applications, including components for military and commercial aircraft, and aims to tackle challenging projects in this sector.
Park Aerospace Corp. (NYSE: PKE) is set to release its financial results for the first quarter of fiscal year 2021, ending May 31, 2020, on July 9, 2020, prior to the NYSE opening. The company will hold a conference call at 11:00 a.m. EDT to discuss these results, with the dial-in details shared for attendees. The presentation will be available live and on-demand via their website. Park Aerospace specializes in advanced composite materials for the aerospace sector, serving various aircraft applications.
Park Aerospace Corp. (NYSE – PKE) has announced a quarterly dividend of $0.10 per share, payable on August 4, 2020 to shareholders on record as of July 3, 2020. This marks 35 consecutive years of uninterrupted dividend payments, totaling approximately $538 million or $26.25 per share since fiscal year 2005. The company's core business involves developing advanced composite materials for the aerospace industry, with applications in various aircraft types, including military and commercial sectors.
Park Aerospace Corp. (NYSE-PKE) reported its fourth-quarter and fiscal year results for 2020, ending March 1, 2020. Net sales for Q4 were $15.5 million, down from $16.7 million a year prior, yet annual net sales rose to $60 million from $51.1 million. Net earnings from continuing operations for Q4 were $2.6 million, a significant increase from $1.6 million in Q4 2019. EPS for the fourth quarter was $0.13, compared to $0.08 last year. EBITDA for the year reached $13 million, up from $10.2 million. A pre-tax stock option modification charge of $208,000 was recorded in Q4.
Park Aerospace Corp. (NYSE - PKE) will release its financial results for the fourth quarter and full year ending March 1, 2020, before the NYSE opens on May 14, 2020. A conference call will follow at 11:00 a.m. EDT, discussing potential forward-looking information. For those unable to attend, a replay will be available from 2:00 p.m. EDT on May 14 through May 20. Park Aerospace specializes in advanced composite materials for the aerospace industry, catering to various applications, including jet engines, military aircraft, and UAVs.
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