NEWTON, Kan., June 10, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Park Aerospace Corp. (NYSE – PKE) has declared a regular quarterly cash dividend of $0.125 per share payable August 2, 2024 to shareholders of record at the close of business on July 1, 2024. Park has paid 39 consecutive years of uninterrupted regular, quarterly cash dividends, without ever skipping a dividend payment or reducing the amount of the dividend. The Company has paid approximately $594 million in cash dividends, or $28.975 ...

Financial Data and Key Metrics Changes - Sales for Q4 were reported at $16.333 million, with a gross margin of 27.3% and an EBITDA margin under 20% [8][12][30] - For the fiscal year 2024, total sales were $56 million, with a gross margin of 29.5% and an EBITDA margin of 19.6% [13][29] - The company reported $77.2 million in cash and marketable securities at the end of Q4, with zero long-term debt [20][35] Business Line Data and Key Metrics Changes - CTP fabric sales amounted to $474,000, with low margins due to the nature of the product [11] - The company faced challenges in production levels, with Q4 production valued at $15.2 million, which was below sales [30] Market Data and Key Metrics Changes - The aerospace market continues to face supply chain challenges, impacting program ramp-ups and new introductions [40][41] - Airbus has a significant backlog of A320 aircraft, with 7,170 orders, and is currently producing at a rate of about 50 per month [43][62] Company Strategy and Development Direction - The company is focused on long-term growth, with plans for a $20 million factory expansion to support future demand [14][16] - The strategy includes ramping up production capabilities and staffing to prepare for anticipated increases in demand, referred to as the "juggernaut" [16][53] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that Q1 sales would be impacted by storm damage but expects to recover those sales in Q2 [52][91] - The company remains optimistic about future growth, citing strong demand in the aerospace sector despite current challenges [41][53] Other Important Information - The company has paid dividends for 39 consecutive years, totaling $594 million since fiscal year 2005 [35] - Management highlighted the importance of workforce issues as a significant factor in supply chain challenges [56] Q&A Session Summary Question: What is the outlook for the stock price? - Management believes the stock price does not reflect the company's value and expects the market to recognize its true worth as financial results improve [88] Question: Will the storm damage impact future sales? - Management confirmed that all sales lost in Q1 due to storm damage will be recovered in Q2, with no expected loss of business [91] Question: What is the expected revenue from the GE9X engine program? - Management anticipates approximately $1.7 million from the GE9X engine program in calendar year 2024, with potential gaps in production ramp-up [93]

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 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 ...