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 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.
Park Aerospace Corp. (NYSE-PKE) announced the authorization to purchase up to 1,500,000 shares of common stock, which is approximately 7% of its total outstanding shares, during a Board of Directors meeting on May 18, 2022. This new buyback program replaces any prior authorizations. Any shares bought will be retained as treasury stock for corporate uses, including the stock option plan. Park develops advanced composite materials for the aerospace market, including solutions for jet and military aircraft, UAVs, and rockets.
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.