Park Aerospace Corp. (NYSE:PKE) Q3 2024 Earnings Conference Call January 9, 2024 5:00 PM ET Company Participants Brian Shore - Chairman and CEO Matthew Farabaugh - SVP & CFO Conference Call Participants Nick Ripostella - NR Management Operator Good afternoon. My name is Camilla 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 2024 Earnings Release Conference Call and Investor Presentation. All lines have been pla ...

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 27, 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) (State or Other Jurisdiction ...

Financial Data and Key Metrics Changes - Revenues decreased by $3.1 million from Q1 to Q2, primarily due to a drop in GE Aviation Jet Engine Program sales, which accounted for the entire revenue decline [16][61][93] - Gross margin for Q2 was reported at 32.7%, which is considered strong despite the revenue drop [61] - EBITDA margin was reported at 21.4%, indicating solid operational performance [15] Business Line Data and Key Metrics Changes - The GE Aviation Jet Engine Program sales dropped from $6.2 million in Q1 to $3.1 million in Q2, entirely attributed to the MRAS inventory burn down [46][47][93] - Non-GE Aviation Jet Engine Program sales remained stable between Q1 and Q2, indicating consistent performance in that segment [16][92] Market Data and Key Metrics Changes - The CFM LEAP-1A engine market share for the A320neo Aircraft family increased to 66% as of July 31, 2023, reflecting a significant competitive advantage [44][70] - Airbus aims to ramp up deliveries of the A320neo family to 75 aircraft per month by 2026, supported by a substantial backlog [21][85] Company Strategy and Development Direction - The company emphasizes a long-term focus on building capacity and preparing for future demand, rather than short-term gains [40][58] - The management highlighted the importance of maintaining strong relationships with key customers like MRAS, which is crucial for future growth [73][95] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing challenges in supply chain and staffing but noted improvements in these areas [63][64] - The company is cautious about providing forecasts for Q3 and Q4 due to uncertainties related to inventory management and market conditions [29][62] Other Important Information - The company has maintained a consistent dividend history, paying $586 million in cash dividends since fiscal 2005, showcasing financial stability [38] - The firm is actively working on new programs and partnerships, including potential opportunities in unmanned systems and missile defense [36][54] Q&A Session Summary Question: What is the outlook for the GE Aviation Jet Engine Program? - The management explained that the drop in sales is entirely due to the MRAS inventory burn down, which is expected to normalize in the coming quarters [47][93] Question: How is the company preparing for future demand? - The company is increasing its workforce and focusing on long-term strategies to ensure readiness for anticipated growth [40][58] Question: What are the implications of the recent market share gains? - The management expressed optimism about the increased market share for the CFM LEAP-1A engine, which is expected to drive future revenues [44][70]

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 ...

Park Aerospace Corp. (NYSE:PKE) Q4 2023 Earnings Conference Call May 11, 2023 11:00 AM ET Company Participants Brian Shore - Chairman and Chief Executive Officer Conference Call Participants Brian Glenn - Olcott Square Investment Partners Operator Good morning. My name is John, and I’ll be your conference operator today. At this time, I would like to welcome everyone to the Park Aerospace Corp. Fourth Quarter Full Year 2023 Earnings Release Conference Call and Investor Presentation. All lines have been plac ...

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 ...