Park Electrochemical

Park Aerospace Corp. engages in the provision of solution and hot-melt advanced composite materials. Its products are used to produce primary and secondary structures for jet engines, large and regional transport aircraft, military aircraft, unmanned aerial vehicles or drones, business jets, general aviation aircraft, and rotary wing aircraft. It also offers specialty ablative materials for rocket motors and nozzles and specially designed materials for random applications. The company was founded by Jerry Shore and Anthony Chiesa on March 31, 1954 and is headquartered in Westbury, NY.

Earnings data Q4 2021

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Park Aerospace Corp. faces supply chain challenges but forecasts Q1 growth

Park Aerospace Corp. faced challenges in Q4 due to supply chain disruptions and staffing shortages, impacting its financial performance. However, the company remains resilient and forecasts potential growth in Q1, emphasizing dedication to generating lasting value and addressing shareholder concerns.

Park Aerospace Corp Exceeds Q1 Sales Estimates Amid Supply Chain Challenges

PKE's Q2 call highlighted strong sales performance, supply chain challenges, and opportunities for growth. The company's resilience in managing challenges and commitment to R&D and culture were notable. However, concerns about margin impact factors and market uncertainties were also discussed.

Park Electrochemical reports resilient Q3 performance amidst industry challenges

Park Electrochemical faced challenges from supply chain disruptions and staffing shortages but maintained a positive outlook.
The company's involvement in niche military aerospace programs and successful test flights showcase strengths in the market.
Despite uncertainties, revenue growth opportunities exist from various programs and potential future sales expansions.

Park Electrochemical reports Q4 sales meeting estimates amid operational challenges

Park Electrochemical reported Q4 2023 sales meeting estimates but falling short on EBITDA due to challenges like supply chain disruptions and staffing shortages, impacting financial outlook for Park and GE programs.
The company showcased resilience in operational adaptability, strategic financial planning, and commitment to innovation, growth, and shareholder value despite challenges and uncertainties.
Challenges included supply chain disruptions, inflation concerns, staffing shortages, and uncertainties in global economic conditions, with opportunities lying in operational efficiency, strategic decision-making, and growth initiatives.
Park's focus on employee well-being, dedication to achieving company goals, and efforts to address challenges like index removal and potential share repurchases reflect a commitment to long-term sustainability and shareholder value.
Analyst inquiries highlighted challenges in pricing mechanisms, inflation assumptions, and capital allocation decisions, emphasizing the complexity of financial planning and decision-making in uncertain market conditions.

Park Electrochemical navigates challenges, eyes growth amid industry disruptions

Park Electrochemical's Q1 performance showed resilience amidst challenges, with a focus on strategic management. The company faces ongoing hurdles from supply chain disruptions, workforce shortages, and inflation impacting margins. Opportunities exist in optimizing operations, addressing workforce issues, and capitalizing on market dynamics.

Park Electrochemical reports resilient margins amidst revenue challenges in Q2

Park Electrochemical faces challenges with supply chain disruptions and revenue drop in Q2, but maintains strong margins. The company is focused on long-term growth opportunities and navigating uncertainties in the aviation industry.

Park Electrochemical navigates challenges, eyes growth opportunities in 2024

Park Electrochemical faces challenges in sales variability and supply chain disruptions but maintains a strong financial position. The company is focused on proactive cost adjustments and strategic growth opportunities to drive future success.

Park Electrochemical reports Q4 challenges, eyes aerospace sector growth

Park Electrochemical navigated challenges in Q4, focusing on long-term strategic growth and maintaining a strong balance sheet. Supply chain disruptions and a storm in Q1 impacted operations, but the company anticipates increased demand in 2025. Park is optimistic about future opportunities and is prepared for recovery efforts.

Park Electrochemical navigates storm disruptions, forecasts growth for 2025

Park Electrochemical faces challenges from storm-related damages impacting Q1 results but maintains a strong balance sheet. The company is poised for recovery with undamaged production equipment and forecasts growth opportunities in sales and EBITDA for Q2 and the full year '25.

Park Electrochemical Corp. reports resilient Q2 sales amidst operational challenges

Park Electrochemical Corp. demonstrated resilience in sales performance but faced challenges with expenses and operational disruptions in Q2 2025.
The company's strengths lie in its financial stability, customer relationships, and strategic planning for future aerospace market opportunities.
While challenges like cost management and operational disruptions persist, Park Electrochemical Corp. has opportunities to drive growth through innovation and market readiness.
Overall, the earnings call highlighted a mix of performance, strengths, challenges, and opportunities, shaping the company's strategic direction and investor outlook.

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Park Aerospace Corp. engages in the provision of solution and hot-melt advanced composite materials. It operates through the North America, Asia, and Europe geographical segments. The company was founded by Jerry Shore and Anthony Chiesa on March 31, 1954 and is headquartered in Westbury, NY.

NEWTON, Kan., July 06, 2022 (GLOBE NEWSWIRE) -- Park Aerospace Corp. (NYSE - PKE) announced a correction to the dial-in number for the Company's July 7, 2022 conference call to discuss its financial results for its 2023 fiscal year first quarter ended May 29, 2022. The correct dial-in number for the conference call is (877) 407-3982.

Park Aerospace Corp. Issues Correction of Dial-In Number of First Quarter Earnings  Release and Conference Call

NEWTON, Kan., June 27, 2022 (GLOBE NEWSWIRE) -- Park Aerospace Corp. announced its commitment to fully support Airbus's stated A320neo Aircraft Family production rates of 65 Aircraft per month by the middle of CY2023 and 75 Aircraft per month in CY2025. The A320neo Aircraft Family includes the A319neo, the A320neo, the A321neo, the A321LR and the A321XLR Aircraft. (Airbus recently conducted the first test flight of the A321XLR, and Airbus expects the A321XLR to enter into service in early 2024. All other members of the A320neo Aircraft Family are already in production and service.)

Park Aerospace Corp. Announces Its Commitment to Fully Support Airbus's Planned A320neo Aircraft Family Production Rates

Park Aerospace has been caught with the dilemma since last year of how to deploy its cash, and recently took the concrete step of authorizing a share repurchase. Commercial aviation and defense spending look to remain robust, although supply chain disruptions and inflation are impacting the aerospace sector.

Park Aerospace: Finally Taking Some Action On Capital Allocation

NEWTON, Kan., May 23, 2022 (GLOBE NEWSWIRE) -- Park Aerospace Corp. (NYSE-PKE) announced that, at its regular meeting on May 18, 2022, the Company's Board of Directors authorized the Company's purchase, on the open market and in privately negotiated transactions, of up to 1,500,000 shares of its Common Stock. This represents approximately 7% of the Company's 20,458,210 total outstanding shares as of the close of business on May 18, 2022. This authorization supersedes any unused prior Board of Directors' authorizations to purchase shares of the Company's Common Stock. There is no assurance the Company will purchase any shares pursuant to this Board of Directors' authorization. Shares purchased by the Company, if any, will be retained as treasury stock and will be available for use under the Company's stock option plan and for other corporate purposes.

Park Aerospace Corp. Announces Share Purchase Authorization

Park Aerospace Corp (NYSE:PKE ) Q4 2022 Earnings Conference Call May 12, 2022 11:00 AM ET Company Participants Brian Shore - Chairman and CEO Conference Call Participants Brian Glenn - Olcott Square Investment Operator Good morning. My name is Howard, and I will be your conference operator today.

Park Aerospace Corp (PKE) CEO Brian Shore on Q4 2022 Results - Earnings Call Transcript

NEWTON, Kan., May 12, 2022 (GLOBE NEWSWIRE) -- Park Aerospace Corp. (NYSE-PKE) reported results for the 2022 fiscal year fourth quarter and year ended February 27, 2022. As previously reported, Park completed the sale of its Electronics Business to AGC Inc. on December 4, 2018. Therefore, costs relating to the Electronics Business are reported as discontinued operations. Continuing operations discussed below refer to Park's Aerospace Business unless otherwise indicated.

Park Aerospace Corp. Reports Fourth Quarter And Fiscal Year Results

Park Aerospace has retreated from 2021 highs in the face of the challenging environment for supply chains and labor.

Park Aerospace: Range-Bound While New Initiatives Are Sorted Out

NEWTON, Kan., Feb. 08, 2022 (GLOBE NEWSWIRE) -- Park Aerospace Corp. (NYSE-PKE) announced the addition of its new “RadarWave® RW-HS-300” product to the Company's RadarWave product line which was originally introduced on October 15, 2018. Park's RadarWave product line is an innovative family of prepreg materials used to manufacture advanced radome systems principally for aerospace and defense applications. Park's RadarWave materials provide cost effective alternatives to the esoteric and higher cost materials traditionally used to manufacture advanced radome systems.

Park Aerospace Corp. Announces Addition of RadarWave® RW-HS-300 to the Company's RadarWave Product Line

Park Aerospace Corp's (PKE) CEO Brian Shore on Q3 2022 Results - Earnings Call Transcript

NEWTON, Kan., Jan. 10, 2022 (GLOBE NEWSWIRE) -- Park Aerospace Corp. (NYSE – PKE) announced that its Chairman and Chief Executive Officer, Brian Shore, will speak at the 24th Annual Needham Virtual Growth Conference on Thursday, January 13, 2022 at 11:30 a.m. EST. A live audio webcast, along with presentation materials will be available at https://wsw.com/webcast/needham116/pke/2057792. An archived replay will also be available at the same link for 90 calendar days.

Park Aerospace Corp. CEO to Speak at Annual Needham Virtual Growth Conference

Park Aerospace Corp (NYSE: PKE) reported third-quarter FY22 sales growth of 33.7% year-over-year to $13.86 million, Adjusted EPS improved to $0.09 for the quarter compared to $0.05 in 3Q21.

Park Aerospace Clocks 34% Sales Growth In Q3

Park Aerospace Corp (NYSE: PKE) has entered into a Business Partner Agreement with ArianeGroup SAS of Les Mureaux, France. The financial terms were not disclosed.

Park Aerospace Inks Business Partner Agreement With ArianeGroup

NEWTON, Kan., Jan. 05, 2022 (GLOBE NEWSWIRE) -- Park Aerospace Corp. (NYSE-PKE) announced that it has entered into a Business Partner Agreement with ArianeGroup SAS of Les Mureaux, France. Under the Business Partner Agreement, ArianeGroup SAS appointed Park as its exclusive North American distributor of ArianeGroup's RAYCARB C2®B NG proprietary product. RAYCARB C2®B NG is used to produce ablative composite materials for critical rocketry and missile systems.

Park Aerospace Corp. Announces Business Partner Agreement With ArianeGroup SAS

There are clear signs that Park Aerospace's business has come through the Covid challenge and returned to a scale similar to 2019 in terms of sales and EBITDA. The company generates 45% of total sales from supplying the GE LEAP engine program; the spinning out of GE Aviation on its own may make it a more cyclical counter-party.

Park Aerospace: A Lot To Like, But Not Enough Clarity

NEWTON, Kan., Nov. 04, 2021 (GLOBE NEWSWIRE) -- Park Aerospace Corp. announced that, with the payment of today's regular quarterly cash dividend of $0.10 per share, the Company has paid a total of $550 million in cash dividends since the beginning of the its 2005 fiscal year. Today's dividend was declared on September 13, 2021 and was payable to shareholders of record at the close of business on October 1, 2021.

Park Aerospace Corp. Announces That it Has Now Paid $550 Million in Cash Dividends Since the Beginning of Its 2005 Fiscal Year

NEWTON, Kan., Oct. 18, 2021 (GLOBE NEWSWIRE) -- Park Aerospace Corp. (NYSE-PKE) announces the appointment of Kenneth Kim as its Vice President of Business Development and Program Management. Mr. Kim will continue to be responsible for the Company's Program Management function. In his new Business Development role, Mr. Kim will be responsible for developing strategic opportunities for the Company in the aerospace industry. These strategic opportunities may be in the forms of acquisitions, joint ventures and other strategic collaborations with other aerospace industry companies. In this position, Mr. Kim will report to Mark Esquivel, Park's President and Chief Operating Officer.

Park Aerospace Corp. Announces Appointment of Kenneth Kim as Vice President of Business Development and Program Management

Park Aerospace Corp. (PKE) CEO Brian Shore on Q2 2022 Results - Earnings Call Transcript

Park Aerospace Corp (NYSE: PKE) reported second-quarter FY22 net sales growth of 47.2% year-on-year to $13.62 million. Margins: The gross margin expanded 390 basis points to 32.4%.

Park Aerospace Clocks 47% Revenue Growth In Q2, Expands Margins

NEWTON, Kan., Sept. 14, 2021 (GLOBE NEWSWIRE) -- Park Aerospace Corp. (NYSE-PKE) announced the appointment of Mark Edwards as Director of Sales. Mr. Edwards will report to Mark A. Esquivel, Park's President and Chief Operating Officer.

Park Aerospace Corp. Announces Appointment of Mark Edwards as Director of Sales

NEWTON, Kan., Aug. 18, 2021 (GLOBE NEWSWIRE) -- Park Aerospace Corp. (NYSE-PKE) announced the appointment of Amy L. Kornahrens as General Counsel of the Company. Ms. Kornahrens will report to Mark A. Esquivel, Park's President and Chief Operating Officer.

Park Aerospace Corp. Announces Appointment of Amy L. Kornahrens as General Counsel

Park Aerospace Corp. (PKE) CEO Brian Shore on Q1 2022 Results - Earnings Call Transcript

NEWTON, Kans., July 06, 2021 (GLOBE NEWSWIRE) -- As Park Aerospace Corp. (NYSE - PKE) previously announced on July 1, it plans to release its financial results for its 2022 fiscal year first quarter ended May 30, 2021 before the New York Stock Exchange opens on Thursday, July 8, 2021. The Company will conduct a conference call to discuss such results at 11:00 a.m. EDT on the same day. Forward-looking and other material information may be discussed in this conference call. The conference call dial-in number is 844-466-4114 in the United States and Canada and 765-507-2654 in other countries and the required passcode is 1577955.

Park Aerospace Corp. Issues Reminder Of Date Of First Quarter Earnings Release And Conference Call

Park Aerospace's (PKE) CEO Brian Shore on Q4 2021 Results - Earnings Call Transcript

Park Aerospace is smaller niche supplier that is conservatively managed and is coming out of the Covid downturn with plenty of cash and no debt. Specifically, the General Electric aviation program it supplies is expected to rebound from $5M in sales for the 2nd half of 2020 to $24 million in CY 2021.

Park Aerospace: Cash Is A Shareholder's Best Friend

Park Aerospace Corp (PKE) CEO Brian Shore on Q3 2021 Results - Earnings Call Transcript

News for Park Electrochemical Stock (PKE)