Park Aerospace Corp Stock Price, News & Analysis

Park Aerospace Corp. (NYSE-PKE) announced its fourth quarter and full-year results for fiscal 2022, reporting net sales of $12.5 million in Q4, down from $14.4 million in Q4 2021. For the fiscal year, net sales rose to $53.6 million compared to $46.3 million the previous year. Net earnings for Q4 were $1.96 million, up from $1.03 million year-over-year, and full-year earnings increased to $8.46 million. The company recorded restructuring charges of $62,000 in Q4 2022. Earnings per share for the year were $0.41, compared to $0.25 last year.

Park Aerospace Corp. (PKE) will release its financial results for Q4 and the full fiscal year 2022 on May 12, 2022, before NYSE opens. A conference call is set for 11:00 a.m. EDT the same day, where forward-looking information may be discussed. The company specializes in advanced composite materials for the aerospace sector, including parts for aircraft and rockets. A live audio webcast and presentation materials will be available on the company’s website. A replay of the conference call will be accessible until May 18, 2022.

Park Aerospace Corp. (NYSE – PKE) has announced a quarterly dividend of $0.10 per share, payable on May 5, 2022, to shareholders on record as of April 1, 2022. The company has a strong track record, having paid uninterrupted dividends for 37 consecutive years, totaling approximately $552 million in cash dividends since 2005. Park Aerospace specializes in developing advanced composite materials for the aerospace market, including materials for jet engines and unmanned aerial vehicles.

Park Aerospace Corp. (NYSE-PKE) has launched its new product, the RadarWave RW-HS-300, expanding its RadarWave line of prepreg materials designed for advanced radome systems in aerospace and defense. This innovative material, utilizing a 300 gsm 8HS fabric, enhances design flexibility and manufacturability, meeting the growing demand for high-performance radomes. Park's RadarWave products offer cost-effective alternatives to traditional materials, ensuring optimal dielectric performance and minimal signal loss. The necessity for advanced radome systems continues to rise alongside the evolution of aerospace and defense electronics.

Park Aerospace Corp. (NYSE – PKE) has announced that its CEO, Brian Shore, will present at the 24th Annual Needham Virtual Growth Conference on January 13, 2022, at 11:30 a.m. EST. Attendees can access a live audio webcast and presentation materials via the provided link.

Additionally, presentation materials will be available at 8:30 a.m. EST on the same day on Park's website. Park Aerospace Corp. specializes in advanced composite materials for the aerospace sector, including structures for various aircraft and specialty materials for rocket motors.

Park Aerospace Corp. (NYSE-PKE) reported its third-quarter results for the 2022 fiscal year, ending November 28, 2021, highlighting net sales of $13,864,000, an increase from $10,372,000 in the same period last year. Net earnings from continuing operations reached $1,741,000, up from $1,037,000 in Q3 2021. For the first nine months, earnings stood at $6,508,000, compared to $4,160,000 last year. Adjusted EBITDA for the third quarter was $2,670,000. EPS from continuing operations was $0.09. The company faced restructuring charges of $13,000 in Q3.

Park Aerospace Corp. (NYSE-PKE) has secured a Business Partner Agreement with ArianeGroup SAS, becoming its exclusive North American distributor for the RAYCARB C2®B NG product. This advanced material is essential for creating ablative composites used in rocketry and missile systems. Park Aerospace, a long-time customer of ArianeGroup, will continue utilizing RAYCARB C2®B NG in its production while expanding its role in North America. CEO Brian Shore emphasized the importance of this partnership, indicating a significant opportunity for Park to further develop its relationship with ArianeGroup.

Park Aerospace Corp. (PKE) will release its financial results for Q3 2022 on January 6, 2022, before the NYSE opens. A conference call to discuss these results will follow at 11:00 a.m. EST, with dial-in numbers provided for participants in the U.S., Canada, and other countries. Additional details, including a live audio webcast and presentation materials, will be available on the company’s website. Park Aerospace develops advanced composite materials for the aerospace sector, targeting various markets including military and commercial aircraft.

Park Aerospace Corp. (NYSE – PKE) has declared a quarterly dividend of $0.10 per share, payable on February 3, 2022, to shareholders of record by January 4, 2022. This marks 36 consecutive years of uninterrupted dividends, amounting to approximately $550 million or $26.85 per share since 2005. The company specializes in advanced composite materials for aerospace applications, including jet engines and aircraft structures, and is committed to producing innovative solutions in challenging areas.