Park Electrochemical

Park Aerospace Corp. engages in the provision of solution and hot-melt advanced composite materials. Its products are used to produce primary and secondary structures for jet engines, large and regional transport aircraft, military aircraft, unmanned aerial vehicles or drones, business jets, general aviation aircraft, and rotary wing aircraft. It also offers specialty ablative materials for rocket motors and nozzles and specially designed materials for random applications. The company was founded by Jerry Shore and Anthony Chiesa on March 31, 1954 and is headquartered in Westbury, NY.

Earnings data Q4 2021

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Park Aerospace Corp. faces supply chain challenges but forecasts Q1 growth

Park Aerospace Corp. faced challenges in Q4 due to supply chain disruptions and staffing shortages, impacting its financial performance. However, the company remains resilient and forecasts potential growth in Q1, emphasizing dedication to generating lasting value and addressing shareholder concerns.

Park Aerospace Corp Exceeds Q1 Sales Estimates Amid Supply Chain Challenges

PKE's Q2 call highlighted strong sales performance, supply chain challenges, and opportunities for growth. The company's resilience in managing challenges and commitment to R&D and culture were notable. However, concerns about margin impact factors and market uncertainties were also discussed.

Park Electrochemical reports resilient Q3 performance amidst industry challenges

Park Electrochemical faced challenges from supply chain disruptions and staffing shortages but maintained a positive outlook.
The company's involvement in niche military aerospace programs and successful test flights showcase strengths in the market.
Despite uncertainties, revenue growth opportunities exist from various programs and potential future sales expansions.

Park Electrochemical reports Q4 sales meeting estimates amid operational challenges

Park Electrochemical reported Q4 2023 sales meeting estimates but falling short on EBITDA due to challenges like supply chain disruptions and staffing shortages, impacting financial outlook for Park and GE programs.
The company showcased resilience in operational adaptability, strategic financial planning, and commitment to innovation, growth, and shareholder value despite challenges and uncertainties.
Challenges included supply chain disruptions, inflation concerns, staffing shortages, and uncertainties in global economic conditions, with opportunities lying in operational efficiency, strategic decision-making, and growth initiatives.
Park's focus on employee well-being, dedication to achieving company goals, and efforts to address challenges like index removal and potential share repurchases reflect a commitment to long-term sustainability and shareholder value.
Analyst inquiries highlighted challenges in pricing mechanisms, inflation assumptions, and capital allocation decisions, emphasizing the complexity of financial planning and decision-making in uncertain market conditions.

Park Electrochemical navigates challenges, eyes growth amid industry disruptions

Park Electrochemical's Q1 performance showed resilience amidst challenges, with a focus on strategic management. The company faces ongoing hurdles from supply chain disruptions, workforce shortages, and inflation impacting margins. Opportunities exist in optimizing operations, addressing workforce issues, and capitalizing on market dynamics.

Park Electrochemical reports resilient margins amidst revenue challenges in Q2

Park Electrochemical faces challenges with supply chain disruptions and revenue drop in Q2, but maintains strong margins. The company is focused on long-term growth opportunities and navigating uncertainties in the aviation industry.

Park Electrochemical navigates challenges, eyes growth opportunities in 2024

Park Electrochemical faces challenges in sales variability and supply chain disruptions but maintains a strong financial position. The company is focused on proactive cost adjustments and strategic growth opportunities to drive future success.

Park Electrochemical reports Q4 challenges, eyes aerospace sector growth

Park Electrochemical navigated challenges in Q4, focusing on long-term strategic growth and maintaining a strong balance sheet. Supply chain disruptions and a storm in Q1 impacted operations, but the company anticipates increased demand in 2025. Park is optimistic about future opportunities and is prepared for recovery efforts.

Park Electrochemical navigates storm disruptions, forecasts growth for 2025

Park Electrochemical faces challenges from storm-related damages impacting Q1 results but maintains a strong balance sheet. The company is poised for recovery with undamaged production equipment and forecasts growth opportunities in sales and EBITDA for Q2 and the full year '25.

Park Electrochemical Corp. reports resilient Q2 sales amidst operational challenges

Park Electrochemical Corp. demonstrated resilience in sales performance but faced challenges with expenses and operational disruptions in Q2 2025.
The company's strengths lie in its financial stability, customer relationships, and strategic planning for future aerospace market opportunities.
While challenges like cost management and operational disruptions persist, Park Electrochemical Corp. has opportunities to drive growth through innovation and market readiness.
Overall, the earnings call highlighted a mix of performance, strengths, challenges, and opportunities, shaping the company's strategic direction and investor outlook.

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Park Aerospace Corp. engages in the provision of solution and hot-melt advanced composite materials. It operates through the North America, Asia, and Europe geographical segments. The company was founded by Jerry Shore and Anthony Chiesa on March 31, 1954 and is headquartered in Westbury, NY.

In a tough environment for commercial aerospace, Park Aerospace is situated to benefit from defense spending until the commercial side returns. Park is the sole supplier of certain key composite materials in the LEAP engines project used by Airbus and COMAC, and does not have major exposure to Boeing.

Park Aerospace: A Bright Spot In The Aerospace Supply Chain

NEWTON, Kan., Nov. 17, 2020 (GLOBE NEWSWIRE) -- Park Aerospace Corp. announced the celebration of the 60th anniversary of its initial public offering, which occurred on November 17, 1960. Park's IPO was for 175,000 shares of Common Stock, $.10 par value per share, at a price of $4.00 per share, or a total value of $700,000. Park's Common Stock was originally listed on the American Stock Exchange under the ticker symbol PKE, and the listing was transferred to the New York Stock Exchange on April 25, 1984, where Park's Common Stock continues to trade to this day under the PKE symbol. (The Company was originally listed under the name “Park Electrochemical Corp.” The Company changed its name to Park Aerospace Corp. on July 17, 2019.)

Park Aerospace Corp. Announces Celebration of 60th Anniversary of its Initial Public Offering

NEWTON, Kansas, Nov. 16, 2020 (GLOBE NEWSWIRE) -- Park Aerospace Corp. (NYSE-PKE) announced that Ben Shore, the Company's Senior Vice President of Sales, Marketing and Business Development, has decided to leave the Company. Ben's last day with the Company is planned to be December 23, 2020.

Park Aeropsace Corp. Announces Ben Shore is Leaving the Company

NEWTON, Kan., Oct. 13, 2020 (GLOBE NEWSWIRE) -- Park Aerospace Corp. (NYSE-PKE) announced the appointment of Cory L. Nickel as its Vice President and General Manager. In this position, Mr. Nickel will report to Mark Esquivel, Park’s Executive Vice President and Chief Operating Officer.

Park Aerospace Corp. Announces Appointment of Cory L. Nickel As Vice President and General Manager

NEWTON, Kan., Sept.  14, 2020  (GLOBE NEWSWIRE) -- The Board of Directors of Park Aerospace Corp. (NYSE – PKE) has declared a regular quarterly dividend of $0.10 per share payable November 5, 2020 to shareholders of record at the close of business on October 1, 2020.

Park Aerospace Corp.  Declares Cash Dividend

Park Aerospace Corp (PKE) CEO Brian Shore on Q1 2021 Results - Earnings Call Transcript

NEWTON, Kan., July  09, 2020  (GLOBE NEWSWIRE) -- Park Aerospace Corp. (NYSE-PKE) reported results for the 2021 fiscal year first quarter ended May 31, 2020. As previously reported, Park completed the sale of its Electronics Business to AGC Inc. on December 4, 2018. Therefore, current costs relating to the sale of the Electronics Business are reported as discontinued operations. Continuing operations discussed below refer to Park’s Aerospace Business unless otherwise indicated.

Park Aerospace Corp.  Reports First Quarter Results

NEWTON, Kan., July  07, 2020  (GLOBE NEWSWIRE) --  Park Aerospace Corp. (NYSE-PKE) announced the appointment of Craig W. Niehous as Sales Director. Mr. Niehous will report to Benjamin W. Shore, Park’s Senior Vice President of Sales, Marketing and Business Development.

Park Aerospace Corp. Announces Appointment of Craig Niehous  as Sales Director

Park Aerospace Corp. (PKE) CEO Brian Shore on Q4 2020 Results - Earnings Call Transcript

NEWTON, Kan., April  29, 2020  (GLOBE NEWSWIRE) -- Park Aerospace Corp. (NYSE-PKE) announced the introduction of its new E-752-MTS mid-toughened 350°F (177°C) cure epoxy system. E-752-MTS is Park’s next generation 350°F cure epoxy system and the newest member of its E-752 product family.

Park Aerospace Corp. Announces Introduction of E-752-MTS Mid-Toughened Epoxy Resin System

Park Aerospace Stock Is Holding Up Well - Cashflow Is The Next Hurdle To Cross - We're At Neutral Pending Earnings

NEWTON, Kan., March  10, 2020  (GLOBE NEWSWIRE) -- The Board of Directors of Park Aerospace Corp. (NYSE – PKE) declared a regular quarterly dividend of $0.10 per share payable May 5, 2020 to shareholders of record at the close of business on April 1, 2020.

PARK AEROSPACE CORP. - DECLARES CASH DIVIDEND

Park Aerospace Corp. (PKE) CEO Brian Shore on Q3 2020 Results - Earnings Call Transcript

Park Aerospace Undervalued, Unknown, Significant Profit Growth Ahead

NEWTON, Kan., Nov.  01, 2019  (GLOBE NEWSWIRE) -- Park Aerospace Corp. (NYSE - PKE) announced the relocation of its New York Office from 48 South Service Road, Melville, New York to:

Park Aerospace Corp. Announces Relocation of New York Office

Park Aerospace Corp. (PKE) CEO Brian Shore on Q2 2020 Results - Earnings Call Transcript

NEWTON, Kan., Oct.  08, 2019  (GLOBE NEWSWIRE) -- Park Aerospace Corp. (NYSE-PKE) announced the appointment of Kenneth Kim as its Director of Program Management. In this position, Mr. Kim will report to Mark Esquivel, Park’s Executive Vice President and Chief Operating Officer.

Park Aerospace Corp. Announces Appointment of Kenneth Kim as Director of Program Management

NEWTON, Kan., Aug.  19, 2019  (GLOBE NEWSWIRE) -- Park Aerospace Corp. (NYSE-PKE) announced that, on August 15, 2019, the Company celebrated the official ground-breaking for the major expansion of its manufacturing and development facilities located at the Newton City-County Airport in Newton, Kansas.  This major expansion, which will include the construction of a redundant manufacturing facility located adjacent to Park’s existing Newton, Kansas facility, was originally announced on December 17, 2018.  The 90,000 square feet expansion will essentially double the size of Park’s existing Newton, Kansas facilities and is projected to cost approximately $20.5 million.  The new facility, which was originally conceived of as a redundant manufacturing facility for Park’s major aerospace customer and the large aerospace OEMs it supports, is also expected to be needed for additional manufacturing capacity in approximately two years.  The major expansion will include enhanced and upgraded hot-melt film and tape lines and mixing and delivery systems, an expanded production lab, a new R&D lab, additional freezer and storage space and additional infrastructure to support the expanded operation.  The expansion is expected to be complete in approximately one year and to be qualified and in production in approximately two years.

Park Aerospace Corp. Announces Ground-Breaking for Major Expansion of Its Manufacturing and Development Facilities in Newton, Kansas

Park Electrochemical Corp. (PKE) CEO Brian Shore on Q1 2020 Results - Earnings Call Transcript

In the last 15 years, cumulative dividend equals to approximately 150% of the current share price.

Park Electrochemical Corp.: A Dividend Giant Doubling As A Growth Stock

Park Electrochemical's (PKE) CEO Brian Shore on Q4 2019 Results - Earnings Call Transcript

News for Park Electrochemical Stock (PKE)