Park Aerospace Corp - PKE STOCK NEWS

Park Aerospace Corp. (NYSE-PKE) reported a decline in net sales for Q3 of the 2021 fiscal year, totaling $10,372,000, down from $15,847,000 in Q3 2020. For the nine months ending November 29, 2020, net sales were $31,835,000 compared to $44,520,000 in the previous year. Net earnings from continuing operations fell to $1,037,000 in Q3 2021 versus $2,806,000 in Q3 2020. Basic and diluted earnings per share dropped to $0.05 from $0.14 year-over-year. EBITDA also decreased, highlighting ongoing challenges in the aerospace sector.

Park Aerospace Corp. (PKE) is set to release its financial results for Q3 of its 2021 fiscal year on January 7, 2021, before NYSE market opening. A conference call is scheduled for 11:00 a.m. EST on the same day to discuss the results, which may include forward-looking information. Investors can access an audio webcast and presentation materials on the company's official website. A replay of the conference call will be available from January 7 to January 13, 2021. Park Aerospace develops advanced composite materials for various aerospace applications, including military and commercial aircraft.

The Board of Directors of Park Aerospace Corp. (NYSE – PKE) has declared a quarterly dividend of $0.10 per share, to be paid on February 4, 2021, to shareholders of record by January 4, 2021. Park has a strong track record of 35 consecutive years of uninterrupted dividend payments, totaling approximately $542 million in cash dividends since the start of the 2005 fiscal year. The company specializes in developing advanced composite materials for the aerospace industry, including applications in various aircraft and space technologies.

Park Aerospace Corp. (NYSE-PKE) announced the departure of Ben Shore, its Senior Vice President of Sales, Marketing, and Business Development, effective December 23, 2020. Chairman and CEO Brian Shore expressed appreciation for Ben's contributions and wished him well in future endeavors. Park Aerospace specializes in developing advanced composite materials for aerospace markets, including solutions for jet engines and military aircraft. The company also fabricates composite parts and structures aimed at niche aerospace applications.

Park Aerospace Corp. (NYSE-PKE) has elected Mark Esquivel as the new President and Chief Operating Officer. Esquivel, who has been with the company for 26 years, previously served as Executive Vice President and COO since May 2019. He has held various leadership roles within the company and has a strong background in aerospace manufacturing. Chairman and CEO Brian Shore praised Esquivel for his dedication and experience, noting his rise from the factory floor to executive leadership. Park Aerospace specializes in advanced composite materials for the aerospace industry.

Park Aerospace Corp. (NYSE-PKE) has appointed Cory L. Nickel as Vice President and General Manager. Nickel joined the company in 2011 and has held various roles, ultimately rising to Operations Manager in 2017. His extensive experience within the company positions him well to lead. Park Aerospace develops advanced composite materials used in aerospace applications, including those for military and commercial aircraft. This leadership change potentially strengthens the company's operational knowledge and strategy execution.

Park Aerospace Corp. (NYSE-PKE) reported net sales of $9.25 million in Q2 2021, down from $13.72 million in Q2 2020. For the first six months, net sales totaled $21.46 million, compared to $28.67 million the previous year. Net earnings from continuing operations for Q2 were $1.15 million, declining from $2.05 million year-over-year. EBITDA for Q2 was $1.42 million, down from $2.41 million in Q2 2020. Basic and diluted earnings per share also fell to $0.06 from $0.10, reflecting ongoing challenges in the Aerospace sector.

Park Aerospace Corp. (NYSE: PKE) will announce its financial results for the second quarter of the 2021 fiscal year on October 8, 2020, prior to the NYSE opening. A conference call is scheduled for 11:00 a.m. EDT on the same day to discuss these results, with a live audio webcast available. The company specializes in developing advanced composite materials used in aerospace applications, including jet engines and UAVs. Additional financial data will be accessible on their website following the call.