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 May 28, 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 or Ot ...

Park Aerospace Corp. (NYSE:PKE) Q1 2024 Earnings Conference Call July 6, 2023 11:00 AM ET Company Participants Brian Shore - Chairman & CEO Operator Good morning. My name is Sherry, and I will be your conference operator today. At this time, I would like to welcome everybody to the Park Aerospace Corp First Quarter Fiscal Year 2024 Earnings Release Conference Call and Investor Presentation. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a quest ...

Forward Looking Disclaimer Factors that could cause actual events or results to differ materially from Park's expectations or forecasts are set forth under the caption "Factors That May Affect Future Results" in Item 1 and in Item 1A "Risk Factors" of the Company's Annual Report on Form 10-K for the fiscal year ended February 26, 2023, and in subsequent reports filed with or furnished to the Securities and Exchange Commission. Except as may be required by any applicable laws, the Company assumes no obligati ...

Financial Data and Key Metrics Changes - Sales for Q4 2023 were approximately $13.53 million, which was at the lower end of the estimated range of $13.5 million to $14 million. Adjusted EBITDA was $2.625 million, falling short of the estimated range of $3 million to $3.5 million by about $375,000 [4][94] - Gross margin for Q4 was reported at 28.5%, which is below the company's satisfaction threshold of 30% [94] Business Line Data and Key Metrics Changes - The company experienced missed shipments totaling approximately $1.4 million in Q4, with about $1.2 million attributed to higher-margin ablative materials to overseas customers, specifically two significant shipments to Japan and Italy [12][15] - The company faced ongoing staffing shortages and supply chain disruptions, which have not improved and continue to impact manufacturing efficiency and margins [11][42] Market Data and Key Metrics Changes - The commercial aviation industry is recovering, with domestic aviation nearly back to pre-pandemic levels and international aviation at 75% to 80% of pre-pandemic levels. However, there are concerns about inflation affecting travel patterns [48][23] - Labor shortages in the aviation sector, including pilots and mechanics, are expected to impact operations, particularly with anticipated air traffic control delays during the summer [24][23] Company Strategy and Development Direction - The company is focusing on niche military aerospace programs, which are expected to yield better margins compared to broader market segments [20] - The management is optimistic about the long-term demand for the A320neo aircraft family, with a target of achieving 75 deliveries per month by the end of 2026, despite current supply chain challenges [76][77] Management's Comments on Operating Environment and Future Outlook - Management expressed concerns about the ongoing supply chain issues and inflation, which are expected to continue affecting margins and operational efficiency [82][81] - The company is hopeful that the supply chain will stabilize and inflation will moderate in the future, allowing for improved operational conditions [85][84] Other Important Information - The company is considering share buybacks and is open to M&A opportunities, although it remains cautious about finding suitable targets [99][103] - The company has a long-term agreement with Middle River Aerostructure Systems (MRAS) through 2029, which is expected to provide stable revenue from GE Aviation programs [52] Q&A Session Summary Question: Will the company consider share repurchases if the market becomes undervalued? - The management indicated that they are open to share buybacks and are evaluating all options, including M&A and internal investments [101][105] Question: What is the outlook for the GE Aviation programs? - The company provided a revenue forecast for Q1 of $6 million to $6.5 million, with ongoing risks related to supply chain and inflation impacting margins [79][80]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 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 or Other Ju ...

Park Aerospace Corp. (NYSE:PKE) Q3 2023 Earnings Conference Call January 5, 2023 11:00 AM ET Company Participants Brian Shore - Chairman and CEO Conference Call Participants Brandon Dietz - Huffman Prairie Holdings Daniel Baldini - Oberon Asset Management LLC Operator Good morning. My name is Doug, and I will be your conference operator today. At this time, I would like to welcome everyone to the Park Aerospace Corp. Third Quarter Fiscal Year '23 Earnings Release Conference Call and Investor Presentation [O ...

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 27, 2022 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 Jurisdictio ...

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 28, 2022 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 ...

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 May 29, 2022 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 or Ot ...

Park Aerospace Corp. (NYSE:PKE) Q1 2023 Results Conference Call July 7, 2022 11:00 AM ET Company Participants Brian Shore - Chairman and CEO Conference Call Participants Brian Glenn - Olcott Square Investment Partners Operator Good morning. My name is Paul, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Park Aerospace Corp. First Quarter Fiscal Year ‘23 Earnings Release Conference Call and Investor Presentation. [Operator Instructions] Thank you. At this ti ...