Park Aerospace(PKE)

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Park Aerospace(PKE) - 2022 Q2 - Earnings Call Transcript
2021-10-07 21:57
Park Aerospace Corp. (NYSE:PKE) Q2 2022 Earnings Conference Call October 7, 2021 11:00 AM ET Company Participants Brian Shore - Chairman & CEO Conference Call Participants Brian Glenn - Olcott Square Brad Hathaway - Far View Capital Management Operator Good morning. My name is Michelle. And I'll be your conference operator today. At this time, I would like to welcome everyone to the Park Aerospace Corp. Second Quarter Fiscal Year '22 Earnings Release Conference Call and Investor Presentation. All lines hav ...
Park Aerospace(PKE) - 2021 Q2 - Earnings Call Presentation
2021-10-07 18:28
| --- | --- | |----------------------------------------------------|-------| | P A R K AEROSPACE CORP. | | | | | | FY2022 Q2 Investor Conference Call October 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, and include Park's expectat ...
Park Aerospace(PKE) - 2022 Q1 - Earnings Call Transcript
2021-07-08 22:05
Park Aerospace Corp. (NYSE:PKE) Q1 2022 Earnings Conference Call July 9, 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 Christopher Hillard - UBS Operator Good morning. My name is Michelle, 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 ‘22 Earnings Release Conference Call and ...
Park Aerospace(PKE) - 2022 Q1 - Quarterly Report
2021-07-08 21:53
For the quarterly period ended May 30, 2021 OR 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 PARK AEROSPACE CORP. ☐ 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 (Exact Name of Registrant as Specified in Its Charter) New York 11-1734643 (State or Ot ...
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 ...