Financial Performance - Net sales for the 2025 fiscal year first quarter were $13,970,000, a decrease from $15,551,000 in the 2024 fiscal year first quarter and $16,333,000 in the 2024 fiscal year fourth quarter[4] - Net earnings for the 2025 fiscal year first quarter were $993,000, compared to $1,854,000 in the 2024 fiscal year first quarter and $2,670,000 in the 2024 fiscal year fourth quarter[4] - Adjusted EBITDA for the 2025 fiscal year first quarter was $2,610,000, down from $3,311,000 in the 2024 fiscal year first quarter and $3,201,000 in the 2024 fiscal year fourth quarter[5] - Basic earnings per share for the 2025 fiscal year first quarter were $0.05, down from $0.09 in the 2024 fiscal year first quarter and $0.13 in the 2024 fiscal year fourth quarter[2] - Adjusted EBITDA for Q1 2025 was $2.61 million, compared to $3.31 million in Q1 2024 and $3.20 million in Q4 2024[19] - Basic and diluted earnings per share for Q1 2025 were $0.05, compared to $0.09 in Q1 2024 and $0.13 in Q4 2024[20] - Net sales for Q1 2025 were $13.97 million, a decrease from $15.55 million in Q1 2024 and $16.33 million in Q4 2024[22] - Gross profit for Q1 2025 was $4.10 million, representing 29.3% of net sales, compared to 31.1% in Q1 2024 and 27.3% in Q4 2024[22] - Earnings from operations for Q1 2025 were $2.08 million, compared to $2.22 million in Q1 2024 and $2.57 million in Q4 2024[22] - Net earnings for Q1 2025 were $993,000, or 7.1% of net sales, compared to $1.85 million (11.9%) in Q1 2024 and $2.67 million (16.3%) in Q4 2024[22] Expenses and Charges - The company recorded a $1,052,000 pre-tax charge related to storm damage to its facilities in Newton, Kansas during the 2025 fiscal year[10] - In the 2024 fiscal year first quarter, the company recorded $570,000 of pre-tax activist shareholder defense costs and $109,000 for stock option modifications[10] - Selling, General & Administrative Expenses for Q1 2025 were $2.02 million, or 14.4% of net sales, compared to 16.8% in Q1 2024 and 11.5% in Q4 2024[22] - The company incurred a storm damage charge of $1.05 million in Q1 2025, which impacted earnings from operations[22] Tax and Interest - The company recognized a tax benefit of $657,000 in the 2024 fiscal year fourth quarter due to reductions in uncertain tax positions[10] - Interest income for Q1 2025 was $339,000, slightly higher than $324,000 in Q1 2024 and $329,000 in Q4 2024[22] - Income tax provision for Q1 2025 was $376,000, compared to $688,000 in Q1 2024 and $230,000 in Q4 2024[22] Balance Sheet - Total current assets as of June 2, 2024, were $97,296,000, slightly down from $98,845,000 as of March 3, 2024[7] - Total liabilities as of June 2, 2024, were $17,741,000, a decrease from $19,395,000 as of March 3, 2024[7] - Shareholders' equity as of June 2, 2024, was $111,687,000, compared to $112,914,000 as of March 3, 2024[7]

Park reported net sales of $13,970,000 for the 2025 fiscal year first quarter ended June 2, 2024 compared to $15,551,000 for the 2024 fiscal year first quarter ended May 28, 2023 and $16,333,000 for the 2024 fiscal year fourth quarter ended March 3, 2024. Net earnings for the 2025 fiscal year first quarter were $993,000 compared to $1,854,000 for the 2024 fiscal year first quarter and $2,670,000 for the 2024 fiscal year fourth quarter. During the 2025 fiscal year, the Company recorded a $1,052,000 pre-tax c ...

Park reported net sales of $13,970,000 for the 2025 fiscal year first quarter ended June 2, 2024 compared to $15,551,000 for the 2024 fiscal year first quarter ended May 28, 2023 and $16,333,000 for the 2024 fiscal year fourth quarter ended March 3, 2024. Net earnings for the 2025 fiscal year first quarter were $993,000 compared to $1,854,000 for the 2024 fiscal year first quarter and $2,670,000 for the 2024 fiscal year fourth quarter. Park reported basic and diluted earnings per share of $0.05 for the 2025 ...

For those unable to listen to the call live, a conference call replay will be available from approximately 8:00 p.m. EDT on Tuesday, July 16, 2024 through approximately 11:59 p.m. EDT on Tuesday, July 23, 2024. The conference call replay can be accessed by dialing (844) 512-2921 in the United States and Canada and (412) 317-6671 in other countries and entering passcode 13747817 and will be available at https://edge.mediaserver.com/mmc/p/f7gkgg8i. NEWTON, Kan., July 12, 2024 (GLOBE NEWSWIRE) -- Park Aerospac ...

NEWTON, Kan., July 12, 2024 (GLOBE NEWSWIRE) -- Park Aerospace Corp. (NYSE - PKE) announced that it plans to release its financial results for its 2025 fiscal year first quarter ended June 2, 2024 after the New York Stock Exchange closes on Tuesday, July 16, 2024. The Company will conduct a conference call to discuss such results at 5:00 p.m. EDT on the same day. Forward-looking and other material information may be discussed in this conference call. The conference call dial-in number is (877) 407-3982 in t ...

I've been covering Park Aerospace (NYSE:PKE) for several quarters now, and it is one of the names I love covering, but also hate covering. The earnings calls and slide decks are lengthy, which gives us a lot of information, but there are definitely parts of the presentation that I could live without. At times, the presentation style has felt as an avalanche of complaints presenting observations from management without presenting a real risk mitigation plan. While Park Aerospace for a long time has significa ...

NEWTON, Kan., June 10, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Park Aerospace Corp. (NYSE – PKE) has declared a regular quarterly cash dividend of $0.125 per share payable August 2, 2024 to shareholders of record at the close of business on July 1, 2024. Park has paid 39 consecutive years of uninterrupted regular, quarterly cash dividends, without ever skipping a dividend payment or reducing the amount of the dividend. The Company has paid approximately $594 million in cash dividends, or $28.975 ...

And just following up on that, if you're not competing for it, is it business that you think you can get or that you hope to be awarded? And if they want deliveries in '26 like when would you need to start out with any capital, later this year or early next year? And on the storm insurance, was there on the storm, was there any insurance of any kind, either for capital or business interruption? Conference Call Participants Park Aerospace Corp. (NYSE:PKE) Q4 2024 Results Conference Call May 30, 2024 5:00 PM ...

NEWTON, Kan., May 30, 2024 (GLOBE NEWSWIRE) -- Park Aerospace Corp. (NYSE-PKE) reported results for the 2024 fiscal year fourth quarter and full fiscal year ended March 3, 2024. The Company will conduct a conference call to discuss its financial results and other matters at 5:00 p.m. EDT today. A live audio webcast of the event, along with presentation materials, will be available at https://edge.media-server.com/mmc/p/zyr8codr at 5:00 p.m. EDT today. The presentation materials will also be available at app ...

NEWTON, Kan., May 30, 2024 (GLOBE NEWSWIRE) -- Park Aerospace Corp. (NYSE-PKE) reported results for the 2024 fiscal year fourth quarter and full fiscal year ended March 3, 2024. The Company will conduct a conference call to discuss its financial results and other matters at 5:00 p.m. EDT today. A live audio webcast of the event, along with presentation materials, will be available at https://edge.media-server.com/mmc/p/zyr8codr at 5:00 p.m. EDT today. The presentation materials will also be available at app ...