Welcome to our dedicated page for Park Aerospace news (Ticker: PKE), a resource for investors and traders seeking the latest updates and insights on Park Aerospace stock.
Park Aerospace Corp. (NYSE: PKE) develops and manufactures solution and hot-melt advanced composite materials for aerospace structures, and its news flow reflects both its operating performance and corporate developments. This page aggregates news releases and market updates related to PKE, giving investors and industry followers a single place to review the company’s latest announcements.
Recent Park Aerospace news has included quarterly earnings releases, where the company reports net sales, net earnings, adjusted EBITDA and other financial metrics for its fiscal periods. These results are typically accompanied by conference call details and webcast links, allowing shareholders to hear management discuss operating performance and non-GAAP measures such as adjusted EBITDA.
In addition to financial results, Park Aerospace issues news about regular quarterly cash dividends, highlighting a long history of uninterrupted dividend payments. Corporate governance and leadership updates also appear in the news stream, such as changes to the Board of Directors or the election of senior executives, including legal and capital markets roles.
Each release reiterates Park’s focus on advanced composite materials, including film adhesives (Aeroadhere®), lightning strike protection materials (Electroglide®), specialty ablative materials for rocket motors and nozzles, and radome materials. The company also emphasizes its work designing and fabricating composite parts, structures and low volume tooling, as well as its proprietary SigmaStrut™ and AlphaStrut™ product lines.
By reviewing the Park Aerospace Corp. news feed for PKE, readers can follow earnings announcements, dividend declarations, leadership changes and other company communications tied to its aerospace composites business. This page can be revisited regularly to see the latest official releases and historical updates.
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.
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.