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 ...

| --- | --- | |------------------------------------|-------| | | | | A E R O S P A C E | | | FY2023 Q1 Investor Conference Call | | 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, Adjusted EBIT ...

Park Aerospace Corp (NYSE:PKE) Q4 2022 Earnings Conference Call May 12, 2022 11:00 AM ET Company Participants Brian Shore - Chairman and CEO Conference Call Participants Brian Glenn - Olcott Square Investment Operator Good morning. My name is Howard, and I will be your conference operator today. At this time, I would like to welcome everyone to Park Aerospace Corp. Fourth Quarter Fiscal Year '22 Earnings Release Conference Call and Investor Presentation. [Operator Instructions] Thank you. At this time, I wi ...

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 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) New York 11-1734643 (State or Other Ju ...