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 23, 2024 (GLOBE NEWSWIRE) -- Park Aerospace Corp. (NYSE - PKE) announced that it plans to release its financial results for its 2024 fiscal year fourth quarter and for its full fiscal year ended March 3, 2024 after the New York Stock Exchange closes on Thursday, May 30, 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 ...

NEWTON, Kan., May 23, 2024 (GLOBE NEWSWIRE) -- Park Aerospace Corp. (NYSE - PKE) announced that it plans to release its financial results for its 2024 fiscal year fourth quarter and for its full fiscal year ended March 3, 2024 after the New York Stock Exchange closes on Thursday, May 30, 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 ...

The Company does not expect to lose any business or sales as a result of the storm damage, but an unknown amount of sales will slip from the Company's FY2025 Q1 (which ends June 2, 2024) to the Company's FY2025 Q2. The Company may be able to provide additional information about the amount of sales which will slip from FY2025 Q1 to FY2025 Q2 during the Company's FY2024 Q4 investor call next week. NEWTON, Kan., May 22, 2024 (GLOBE NEWSWIRE) -- Park Aerospace Corp. (NYSE-PKE) reported that, on Sunday, May 19, ...

NEWTON, Kan., May 22, 2024 (GLOBE NEWSWIRE) -- Park Aerospace Corp. (NYSE-PKE) reported that, on Sunday, May 19, at approximately 8:00 pm local time, the Company's Newton, Kansas manufacturing facilities were damaged by a strong storm which transitioned the area. None of the Company's manufacturing lines or equipment were damaged by the storm. Although the building structures are secure, it is likely that the roofs on all three buildings in the Company's Newton, Kansas campus will ultimately need to be repl ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 26, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to__________ Commission file number 1-4415 PARK AEROSPACE CORP. (Exact Name of Registrant as Specified in Its Charter) New York 11-1734643 (State ...

This roller coaster volatility does place additional pressure on us to be agile, nimble and fast on our feet with our supply chain, inventory and production management activities, though In any event, what do we think about all of this? 010924 Slide 36 based upon growth estimates of Programs on 010924 Slide 42 Is the Universe really 13.7 billion years old…or is it much older? 010924 Slide 47 PARK AEROSPACE CORP. This presentation contains forward-looking statements made pursuant to the safe harbor provision ...

Park Aerospace Corp. (NYSE:PKE) Q3 2024 Earnings Conference Call January 9, 2024 5:00 PM ET Company Participants Brian Shore - Chairman and CEO Matthew Farabaugh - SVP & CFO Conference Call Participants Nick Ripostella - NR Management Operator Good afternoon. My name is Camilla and I'll be your conference operator today. At this time, I would like to welcome everyone to the Park Aerospace Corp. Third Quarter Fiscal Year 2024 Earnings Release Conference Call and Investor Presentation. All lines have been pla ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 27, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to__________ Commission file number 1-4415 PARK AEROSPACE CORP. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction ...

Financial Data and Key Metrics Changes - Revenues decreased by $3.1 million from Q1 to Q2, primarily due to a drop in GE Aviation Jet Engine Program sales, which accounted for the entire revenue decline [16][61][93] - Gross margin for Q2 was reported at 32.7%, which is considered strong despite the revenue drop [61] - EBITDA margin was reported at 21.4%, indicating solid operational performance [15] Business Line Data and Key Metrics Changes - The GE Aviation Jet Engine Program sales dropped from $6.2 million in Q1 to $3.1 million in Q2, entirely attributed to the MRAS inventory burn down [46][47][93] - Non-GE Aviation Jet Engine Program sales remained stable between Q1 and Q2, indicating consistent performance in that segment [16][92] Market Data and Key Metrics Changes - The CFM LEAP-1A engine market share for the A320neo Aircraft family increased to 66% as of July 31, 2023, reflecting a significant competitive advantage [44][70] - Airbus aims to ramp up deliveries of the A320neo family to 75 aircraft per month by 2026, supported by a substantial backlog [21][85] Company Strategy and Development Direction - The company emphasizes a long-term focus on building capacity and preparing for future demand, rather than short-term gains [40][58] - The management highlighted the importance of maintaining strong relationships with key customers like MRAS, which is crucial for future growth [73][95] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing challenges in supply chain and staffing but noted improvements in these areas [63][64] - The company is cautious about providing forecasts for Q3 and Q4 due to uncertainties related to inventory management and market conditions [29][62] Other Important Information - The company has maintained a consistent dividend history, paying $586 million in cash dividends since fiscal 2005, showcasing financial stability [38] - The firm is actively working on new programs and partnerships, including potential opportunities in unmanned systems and missile defense [36][54] Q&A Session Summary Question: What is the outlook for the GE Aviation Jet Engine Program? - The management explained that the drop in sales is entirely due to the MRAS inventory burn down, which is expected to normalize in the coming quarters [47][93] Question: How is the company preparing for future demand? - The company is increasing its workforce and focusing on long-term strategies to ensure readiness for anticipated growth [40][58] Question: What are the implications of the recent market share gains? - The management expressed optimism about the increased market share for the CFM LEAP-1A engine, which is expected to drive future revenues [44][70]