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) announced key milestones regarding its recent facility expansion in Newton, Kansas. On April 5, 2023, the largest customer approved the expansion for all aircraft programs, with the first production run taking place on April 19, 2023. This $20 million expansion, announced in December 2018, has nearly doubled the facility size, adding approximately 90,000 square feet of manufacturing, laboratory, and office space. CEO Brian Shore acknowledged the challenges posed by the pandemic during construction, praising the efforts of their R&D and engineering teams for stepping up during the qualification phase of the facility. The completion and approval of this redundant facility mark significant progress for Park Aerospace as it continues to support critical aerospace programs.
Park Aerospace Corp. (NYSE-PKE) has announced a Cooperation Agreement with Huffman Prairie Holdings, planning to nominate Shane P. Connor for election as a Director at the upcoming 2023 Annual Shareholders Meeting. Brian Shore, Chairman and CEO, expressed enthusiasm about Connor's nomination, praising his character and principles. Connor is an experienced investor with roles in private and public equity and is a Chartered Financial Analyst. He holds a finance degree from Ohio State University.
Park Aerospace develops and manufactures advanced composite materials for the aerospace sector, serving markets including commercial and military aircraft, drones, and spacecraft. Their products include film adhesives and specialized materials for various aerospace applications. The company's goal is to tackle complex projects that others avoid.
On February 9, 2023, Park Aerospace Corp. (NYSE-PKE) announced a significant update regarding its dividend policies. The Board of Directors approved a 25% increase in the regular quarterly cash dividend from $0.10 to $0.125 per share. Additionally, a special dividend of $1.00 per share was declared, totaling approximately $20.5 million, payable on April 6, 2023. This marks the company’s unwavering commitment to return value to shareholders, having paid around $560 million in cash dividends since 2005. CEO Brian Shore expressed confidence in the sustainability of dividend increases, attributing it to solid performance in key aerospace programs.
Park Aerospace Corp., listed under PKE, will have its CEO, Brian E. Shore, speaking at the 25th Annual Needham Growth Conference on January 12, 2023, at 11:45 a.m. EST. The presentation will be virtual and accessible via a live audio webcast. An archived replay will be available for 90 days post-conference. Presentation materials will also be released on the day of the event at around 10:00 a.m. EST.
Park Aerospace specializes in advanced composite materials for the aerospace industry, contributing to various aircraft and aerospace applications.
Park Aerospace Corp. (NYSE-PKE) reported net sales of $13,867,000 for the third quarter of fiscal year 2023, a slight increase from $13,864,000 in the same quarter last year. Net earnings rose to $2,230,000, up from $1,741,000 year-over-year. Adjusted EBITDA improved to $3,321,000, compared to $2,670,000 in Q3 2022. However, net sales for the nine months were $40,525,000, down from $41,076,000 last year. Basic and diluted earnings per share (EPS) for Q3 were $0.11 versus $0.09 in Q3 2022.
Park Aerospace Corp. (NYSE: PKE) will release its financial results for the third quarter of its 2023 fiscal year on January 5, 2023, before the NYSE opens. A conference call is scheduled at 11:00 a.m. EST the same day to discuss the results and other material information. The call can be accessed by dialing (877) 407-3982 in the U.S. or (201) 493-6780 internationally. A live audio webcast will also be available, along with presentation materials at their website.
The Board of Directors of Park Aerospace Corp. (NYSE - PKE) has announced a quarterly dividend of $0.10 per share, payable on February 3, 2023 to shareholders recorded as of January 4, 2023. This marks the company's 37 consecutive years of uninterrupted dividend payments, totaling approximately $558 million or $27.25 per share since fiscal year 2005. Park Aerospace specializes in advanced composite materials for the aerospace industry, including components for aircraft and rocket motors.
Park Aerospace Corp. (NYSE-PKE) appointed Robert Cathcart as Director of Sales, reporting to President and COO Mark A. Esquivel. Cathcart's prior experience includes roles at Visioneering, Cytec/Solvay Materials, and Albany Engineered Composites, showcasing a strong background in sales and engineering. Park Aerospace specializes in advanced composite materials for the aerospace industry, targeting markets including aircraft and rocket components. The company aims to tackle challenges others avoid, reinforcing its commitment to innovation and specialized solutions in aerospace applications.
Park Aerospace Corp. (NYSE-PKE) reported its fiscal Q2 2023 results for the period ended August 28, 2022. The company achieved net sales of $13,875,000, marking an increase from $12,783,000 in Q1 2023 but a slight rise from $13,618,000 in Q2 2022. However, net earnings fell to $1,885,000 compared to $2,022,000 in Q2 2022. Adjusted EBITDA also decreased to $2,709,000. For the first six months, net earnings were $3,795,000, down from $4,767,000 last year. The company plans a conference call at 5:00 p.m. EDT for further discussion.
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.