Park Aerospace Corp Stock Price, News & Analysis

Park Aerospace Corp. (NYSE - PKE) will release its financial results for Q2 of the 2023 fiscal year, ended August 28, 2022, on October 6, 2022, post-market close. The company will host a conference call at 5:00 p.m. EDT the same day, differing from its usual schedule. A live audio webcast and presentation materials will also be available online. For those who miss the live call, a replay will be accessible from October 6 to October 13, 2022. Park Aerospace specializes in advanced composite materials for the aerospace sector, including products for aircraft and rocket applications.

Park Aerospace Corp. (NYSE – PKE) has declared a quarterly dividend of $0.10 per share, payable on November 4, 2022, to shareholders on record by October 3, 2022. This marks the company's 37th consecutive year of uninterrupted dividend payments, totaling approximately $556 million or $27.15 per share since fiscal 2005. Park Aerospace develops advanced composite materials for the aerospace industry, with applications ranging from jet engines to drones.

Park Aerospace Corp. (NYSE-PKE) has appointed Cory L. Nickel as Senior Vice President and General Manager. Starting as a Solution Treater Operator in 2011, Nickel has progressed through various roles, demonstrating significant growth and capability. His previous positions include Production Manager and Vice President and General Manager since October 2020. Brian Shore, Park’s CEO, commended Nickel's journey as a testament to employee potential within the company. Park Aerospace develops advanced composite materials for the aerospace sector, focusing on innovative solutions for challenging needs.

Park Aerospace Corp. (NYSE-PKE) reported net sales of $12,783,000 for the first quarter of fiscal year 2023, a decline from $13,594,000 in the same period of 2022. Net earnings fell to $1,910,000, down from $2,745,000 year-over-year. Earnings per share were $0.09, compared to $0.13 in the prior year. Adjusted EBITDA decreased to $2,804,000 from $4,104,000. The company did not incur restructuring charges this quarter, contrasting with prior quarters. The financial results call is set for 11:00 a.m. EDT today.

Park Aerospace Corp. (PKE) has corrected the dial-in number for its July 7, 2022 conference call discussing its financial results for the first quarter of fiscal 2023, ending May 29, 2022. The correct number for U.S. and Canada is (877) 407-3982. Financial results will be released before the NYSE opens on the same day, followed by a call at 11:00 a.m. EDT. A live audio webcast and presentation materials will also be accessible at that time. A replay of the call will be available from 2:00 p.m. EDT on July 7 to July 13, 2022, using (844) 512-2921.

Park Aerospace Corp. (PKE) is set to announce its financial results for the first quarter of the 2023 fiscal year, ending May 29, 2022, before market opening on July 7, 2022. A conference call will be held at 11:00 a.m. EDT on the same day to discuss the results, with a live audio webcast available. Following the call, a replay will be accessible until July 13, 2022. The company specializes in developing advanced composite materials for the aerospace sector, serving various markets, including commercial and military aviation.

Park Aerospace Corp. (NYSE - PKE) will announce its Q1 2023 financial results on July 7, 2022, pre-market. The financial results will cover the period ending May 29, 2022. A conference call to discuss these results is scheduled for 11:00 a.m. EDT on the same day, with a dial-in number provided for participants. A live audio webcast will also be available, along with presentation materials, accessible on the company's website. A replay of the conference call can be accessed from July 7, 2022, to July 13, 2022.

Park Aerospace Corp. has reaffirmed its commitment to support Airbus's A320neo Aircraft Family production rates, aiming for 65 aircraft per month by mid-2023 and 75 by 2025. As the sole supplier of composite materials for components used in these aircraft, Park emphasizes its readiness to assist Airbus amidst skepticism from other suppliers. The company has also recently completed a $20 million facility expansion to enhance its manufacturing capacity and redundancy, thereby ensuring it can meet Airbus's demanding ramp-up requirements.

The Board of Directors of Park Aerospace (NYSE – PKE) has declared a quarterly dividend of $0.10 per share, payable on August 4, 2022, to shareholders recorded by July 1, 2022. This marks the 37th consecutive year of uninterrupted quarterly cash dividends, amounting to approximately $554 million or $27.05 per share since 2005. Park Aerospace specializes in developing advanced composite materials for the aerospace sector, including solutions for aircraft and rocket motors.