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Park Aerospace Corp. reports developments tied to its aerospace composite materials business and its NYSE-listed common stock. The company develops and manufactures solution and hot-melt composite materials, including film adhesives and lightning strike protection materials, used in composite structures for jet engines, transport aircraft, military aircraft, unmanned aerial vehicles, business jets, general aviation aircraft and rotary wing aircraft.
Recurring news includes quarterly financial results and conference-call announcements, regular cash dividend declarations, and corporate governance updates. Company releases also reference its sales of aerospace materials to customers in North America, Asia and Europe and its long record of uninterrupted quarterly dividend payments.
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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