Park Aerospace Corp - PKE STOCK NEWS

Park Aerospace Corp. (NYSE:PKE) has announced the election of Constantine ('Gus') Petropoulos as Senior Vice President-Administration and General Counsel. Petropoulos, who will report to Chairman and CEO Brian E. Shore, returns to Park after previously serving in the same role from 2014 to 2021.

Petropoulos brings extensive legal experience, having most recently served as Partner at Hughes, Hubbard & Reed from 2021 to 2024. His prior experience includes positions at Scientific Games , Coca-Cola HBC SA, and Latham & Watkins.

Park Aerospace specializes in developing and manufacturing advanced composite materials for aerospace markets, including film adhesives and lightning strike protection materials. The company produces components for jet engines, aircraft, UAVs, and rocket motors, focusing on challenging projects that others might avoid.

Park Aerospace (NYSE: PKE) announced that with today's regular cash dividend payment of $0.125 per share, the company has reached a significant milestone of $601.1 million in total cash dividends paid since the beginning of its 2005 fiscal year, equivalent to $29.35 per share. The dividend was declared on December 9, 2024, for shareholders of record as of January 3, 2025.

The company has maintained 40 consecutive years of regular quarterly cash dividends without ever missing a payment or reducing the dividend amount, even during challenging times such as 9/11, the Dot Com collapse, and the pandemic. Park Aerospace specializes in developing and manufacturing advanced composite materials for the global aerospace markets, including film adhesives and lightning strike protection materials used in various aircraft applications.

Park Aerospace Corp. (NYSE:PKE) has issued a correction regarding inaccurate reporting by independent transcription services and news articles about its FY2025 Q3 investor conference call and presentation held on January 14, 2025. Several AI-generated transcriptions and subsequent news articles incorrectly interpreted references to product 'requalification' as product 'recall'.

The company emphasizes that no product recalls were mentioned during the conference call or presentation. While product requalification is described as a common and benign event in the aerospace industry, a recall carries potentially negative implications. Park Aerospace clarifies that the term 'recall' was never used during the investor call or in the presentation.

The company manufactures advanced composite materials for aerospace markets, including film adhesives and lightning strike protection materials, serving various aircraft applications from commercial to military and UAVs.

Park Aerospace Corp. (NYSE:PKE) reported its fiscal 2025 third quarter results, showing net sales of $14.4 million for the quarter ended December 1, 2024, up from $11.6 million in the same quarter last year but down from $16.7 million in Q2 FY2025. Net earnings for Q3 FY2025 were $1.6 million ($0.08 per share), compared to $1.2 million ($0.06 per share) in Q3 FY2024.

For the first nine months of FY2025, net sales reached $45.1 million, up from $39.7 million in the same period last year. Nine-month net earnings were $4.6 million, slightly down from $4.8 million year-over-year. The company recorded $1.1 million in pre-tax charges related to storm damage at its Newton, Kansas facilities during the first nine months of FY2025.

Park Aerospace Corp. (NYSE: PKE) has announced that Chairman and CEO Brian E. Shore will deliver a presentation at the 27th Annual Needham Growth Conference on Thursday, January 16, 2025, at 2:15 p.m. EST. The presentation will be conducted virtually and will be accessible via live audio webcast.

Investors can access the presentation materials starting at 8:30 a.m. EST on the same day through Park's website and the conference link. The webcast replay will remain available for 90 days.

Park Aerospace specializes in developing and manufacturing advanced composite materials for the global aerospace industry, including Aeroadhere® film adhesives and Electroglide® lightning strike protection materials. The company's products are used in various applications, from jet engines to military aircraft and UAVs. Park also offers custom composite parts fabrication and focuses on taking on challenging projects that others might avoid.

Park Aerospace Corp. (NYSE: PKE) has announced it will release its financial results for the fiscal year 2025 third quarter, which ended December 1, 2024. The results will be published after the New York Stock Exchange closes on Tuesday, January 14, 2025. Following the release, the company will host a conference call at 5:00 p.m. EST on the same day to discuss the quarterly results.

Park Aerospace Corp (NYSE: PKE) has declared a regular quarterly cash dividend of $0.125 per share, payable February 4, 2025, to shareholders of record as of January 3, 2025. The company has maintained 39 consecutive years of uninterrupted quarterly dividends without reductions. Since the beginning of fiscal year 2005, Park has distributed approximately $599 million in cash dividends ($29.225 per share) and will exceed $600 million after the February 2025 payment.

Park Aerospace develops and manufactures advanced composite materials for global aerospace markets, including film adhesives and lightning strike protection materials. Their products are used in primary and secondary structures for various aircraft types, including jet engines, transport aircraft, military aircraft, UAVs, and business jets.

Park Aerospace Corp. (NYSE-PKE) reported its fiscal year 2025 second quarter results, ending September 1, 2024. Key highlights include:

- Net sales of $16,709,000, up from $12,481,000 in Q2 FY2024
- Net earnings of $2,066,000, compared to $1,746,000 in Q2 FY2024
- Basic and diluted earnings per share of $0.10, up from $0.09 in Q2 FY2024
- Adjusted EBITDA of $3,206,000, increased from $2,669,000 in Q2 FY2024

For the first six months of FY2025, Park reported net sales of $30,679,000 and net earnings of $3,059,000. The company recorded pre-tax charges related to storm damage to its Newton, Kansas facilities. A conference call to discuss the results is scheduled for 5:00 p.m. EDT today.

Park Aerospace Corp. (NYSE: PKE) has announced the date for its fiscal year 2025 second quarter earnings release. The company will disclose its financial results for the quarter ended September 1, 2024 after the New York Stock Exchange closes on Tuesday, October 15, 2024. Following the release, Park Aerospace will host a conference call at 5:00 p.m. EDT on the same day to discuss the quarterly results with investors and analysts.