Park Aerospace(PKE)

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Park Aerospace(PKE) - 2021 Q4 - Earnings Call Transcript
2021-05-14 21:15
Park Aerospace Corp (NYSE:PKE) Q4 2021 Earnings Conference Call May 13, 2021 11:00 AM ET Company Participants Brian Shore – Chairman and Chief Executive Officer Matt Farabaugh – Chief Financial Officer Conference Call Participants Brad Hathaway – Far View Operator Good morning, my name is Justin and I’ll be the conference operator today. At this time, I would like to welcome everyone to Park Aerospace Corp Fourth Quarter Fiscal Year 2021 Earnings Release Conference Call and Investor Presentation. [Operator ...
Park Aerospace(PKE) - 2021 Q4 - Annual Report
2021-05-13 23:11
Impact of COVID-19 - The COVID-19 Pandemic has significantly impacted global passenger air travel, leading to production rate cuts for many commercial aerospace programs supported by the company[12]. Financial Performance - The company reported that 27.9%, 48.2%, and 42.8% of total worldwide net sales were to affiliate and non-affiliate subtier suppliers of General Electric Company in fiscal years 2021, 2020, and 2019, respectively[30]. - As of April 26, 2021, the company's backlog was $21,326,751, an increase of 16.7% from $18,935,709 on April 26, 2020[45]. Business Operations - The company completed the sale of its Electronics Business for an aggregate purchase price of $145 million in cash, with results reported as discontinued operations[14]. - The company is expanding its manufacturing facilities in Newton, Kansas, with a 90,000 square feet expansion that will double the size of the existing facilities[35]. - The company has achieved NADCAP accreditation for both non-metallic materials manufacturing and testing, and composite structures manufacturing, making it one of the few facilities globally with such accreditation[40]. - The company provides low-volume tooling in connection with its manufacture and sale of composite structures and assemblies[28]. - The company has implemented work from home policies at its New York office but has since reverted to normal operations[12]. Research and Development - The company focuses on developing proprietary resin formulations for aerospace composite materials, utilizing modified epoxies, phenolics, polyesters, cyanate esters, and polyimides[27]. - The manufacturing process for composite materials is capital intensive, requiring sophisticated equipment and tight process controls[36]. - The company continues to work on determining acceptable alternatives for several key raw materials used in its composite materials[41]. Environmental Compliance - The company believes its composite material products significantly reduce fuel consumption and carbon emissions compared to aluminum-crafted parts, contributing to economic savings for aircraft users[52]. - The company is currently in substantial compliance with environmental regulations and does not anticipate significant capital expenditures for environmental control facilities in the near future[53]. Financial Management - The company does not use derivative financial instruments in its investment portfolio, managing a high-quality fixed income portfolio with a maximum weighted maturity of less than one year[190]. - The company is exposed to fluctuations in raw material costs but generally passes these costs through to customers, without currently using hedging strategies[191]. Workforce - The company had 106 employees as of February 28, 2021, emphasizing the importance of workforce skills and integrity in its operations[48].
Park Aerospace(PKE) - 2021 Q4 - Earnings Call Presentation
2021-05-13 17:28
| --- | --- | |-------------------------------------------------|-------| | P A R K A E R O S P A C E CORP. | | | | | | FY2021 Q4 Investor Conference Call May 13, 2021 | | Forward Looking Disclaimer This presentation contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give current expectations or forecasts of future events or our future financial or operating performance, and include Park's expect ...
Park Aerospace(PKE) - 2021 Q3 - Earnings Call Transcript
2021-01-07 20:56
Park Aerospace Corp (NYSE:PKE) Q3 2021 Results Conference Call January 7, 2021 11:00 AM ET Company Participants Brian Shore - Chairman & CEO Matt Farabaugh - CFO Conference Call Participants Brad Hathaway - Far View Brian Glenn - Olcott Square Investment Partners, LLC Operator Good morning. My name is Katherine, 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 '21 Earnings Release Conference Call and Investor Pre ...
Park Aerospace(PKE) - 2021 Q3 - Earnings Call Presentation
2021-01-07 20:45
| --- | --- | --- | |------------------------------------|---------------|-------| | | | | | | | | | A E R O S P A C E | P A R K CORP. | | | FY2021 Q3 Investor Conference Call | | | January 7, 2021 Forward Looking Disclaimer This presentation contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give current expectations or forecasts of future events or our future financial or operating performance, ...
Park Aerospace(PKE) - 2021 Q3 - Quarterly Report
2021-01-07 18:19
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 29, 2020 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 ...
Park Aerospace(PKE) - 2021 Q1 - Earnings Call Transcript
2020-07-09 23:22
Park Aerospace Corp. (NYSE:PKE) Q1 2021 Earnings Conference Call July 9, 2020 11:00 AM ET Company Participants Brian Shore - Chairman & CEO Conference Call Participants Chris Hillary - Roubaix Capital Operator Good morning. My name is Shannon 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 2021 Earnings Release Conference Call and Investor Presentation. All lines have been placed on mute to prevent any backgroun ...
Park Aerospace(PKE) - 2021 Q1 - Earnings Call Presentation
2020-07-09 18:04
| --- | --- | |-------------------------------------------------|-------| | | | | FY2021 Q1 Investor Conference Call July 9, 2020 | | Forward Looking Disclaimer This presentation contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give current expectations or forecasts of future events or our future financial or operating performance, and include Park's expectations regarding revenues, EBITDA, EBI ...
Park Aerospace(PKE) - 2020 Q4 - Earnings Call Presentation
2020-05-15 15:28
| --- | --- | |-------------------------------------------------|-------| | | | | FY2020 Q4 Investor Conference Call May 14, 2020 | | Forward Looking Disclaimer This presentation contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give current expectations or forecasts of future events or our future financial or operating performance, and include Park's expectations regarding revenues, EBITDA, EBI ...
Park Aerospace (PKE) Presents At 22nd Annual Needham Growth Conference - Slideshow
2020-01-16 18:47
| --- | |--------------------------------------------------------| | | | 22nd Annual Needham Growth Conference January 15, 2020 | Forward Looking Disclaimer | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...