OverviewSuggest Edit

Park Aerospace (formerly known as Park Electrochemical) is an advanced materials company. It develops and manufactures advanced composite materials, primary/secondary structures and assemblies, and low-volume tooling for the aerospace markets and high-technology digital and RF/microwave printed circuit materials principally for the telecommunications and internet infrastructure, enterprise and military/aerospace markets. The company's advanced electronics materials are used to fabricate complex multilayer printed circuit boards and other electronic interconnect systems, including backplanes, high speed/low loss multilayers, and high density interconnects.
TypePublic
Founded1954
HQNewton, KS, US
Websiteparkaerospace.com

Latest Updates

Employees (est.) (Mar 2020)136(+22%)
Job Openings5
Revenue (FY, 2021)$46.3 M(-22%)
Share Price (Oct 2021)$13.5(+2%)
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Key People/Management at Park Aerospace

Brian E. Shore

Brian E. Shore

Chief Executive Officer and Chairman of the Board of Directors
Steve Gilhuley

Steve Gilhuley

Executive Vice President – Administration and Secretary
Matthew Farabaugh

Matthew Farabaugh

Senior Vice President and Chief Financial Officer
Benjamin Shore

Benjamin Shore

Senior Vice President, Sales, Marketing and Business Development
Mark A. Esquivel

Mark A. Esquivel

Executive Vice President and Chief Operating Officer
Constantine Petropoulos

Constantine Petropoulos

Senior Vice President and General Counsel
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Park Aerospace Office Locations

Park Aerospace has offices in Newton, Melville, Westbury and Singapore
Newton, KS, US (HQ)
486 N Oliver Rd Bldg Z
Melville, NY, US
48 S Service Rd #300
Westbury, NY, US
Parkway Plaza, 1400 Old Country Rd #409n
Singapore, SG
126 Pioneer Rd
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Park Aerospace Financials and Metrics

Park Aerospace Revenue

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Park Aerospace's revenue was reported to be $46.28 m in FY, 2021
USD

Revenue (Q1, 2022)

13.6m

Gross profit (Q1, 2022)

5.5m

Gross profit margin (Q1, 2022), %

40.3%

Net income (Q1, 2022)

2.7m

EBIT (Q1, 2022)

3.8m

Market capitalization (15-Oct-2021)

275.4m

Closing stock price (15-Oct-2021)

13.5

Cash (30-May-2021)

39.3m

EV

236.2m
Park Aerospace's current market capitalization is $275.4 m.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020FY, 2021

Revenue

114.6m111.2m51.1m60.0m46.3m

Revenue growth, %

(21%)(3%)(54%)

Cost of goods sold

84.6m84.7m34.9m41.3m33.1m

Gross profit

30.0m26.5m16.2m18.7m13.2m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

27.4m29.8m26.1m31.1m11.2m12.9m15.0m13.7m15.8m12.2m9.3m10.4m13.6m

Cost of goods sold

21.1m22.7m20.1m22.6m8.1m8.6m10.1m9.9m10.8m8.5m6.6m7.8m8.1m

Gross profit

6.3m7.2m6.1m8.5m3.1m4.3m4.8m3.8m5.0m3.7m2.6m2.6m5.5m

Gross profit Margin, %

23%24%23%27%28%33%32%28%32%30%29%25%40%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020FY, 2021

Cash

102.4m18.3m71.0m5.4m41.6m

Accounts Receivable

17.2m19.8m9.4m10.9m7.6m

Prepaid Expenses

2.2m2.1m1.7m5.5m3.4m

Inventories

11.1m11.2m5.3m6.4m4.8m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Cash

47.3m30.2m30.6m16.6m20.9m17.0m50.0m25.2m6.7m8.4m2.3m3.8m39.3m

Accounts Receivable

17.7m21.2m16.5m21.3m5.9m5.9m8.9m8.9m10.2m6.6m7.3m8.4m7.7m

Prepaid Expenses

2.5m2.6m2.8m2.4m1.6m1.5m1.6m1.9m1.7m5.2m3.8m3.8m3.5m

Inventories

10.9m11.9m11.4m12.6m4.0m4.6m5.2m4.6m3.9m6.7m5.1m4.7m4.9m
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020FY, 2021

Net Income

9.3m20.6m113.5m4.9m

Depreciation and Amortization

3.1m3.0m1.8m1.5m1.2m

Inventories

(916.0k)49.0k(1.3m)(1.1m)1.6m

Accounts Payable

(2.0m)(204.0k)1.3m1.6m(1.4m)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

1.4b1.9m2.6m3.2m5.9m9.6m2.6m4.7m7.2m2.7m

Depreciation and Amortization

807.0k1.5m2.3m704.0k865.0k1.3m366.0k733.0k1.1m277.0k556.0k870.0k216.0k

Cash From Operating Activities

2.6m1.5m5.0m(259.0k)3.5m11.0m2.6m(975.0k)2.3m4.7m6.1m8.3m4.1m

Purchases of PP&E

(105.0k)(500.0k)(703.0k)(13.0k)(170.0k)(399.0k)(1.9m)(2.3m)(4.4m)(2.5m)(3.9m)(5.3m)(1.6m)
USDFY, 2017

Revenue/Employee

269.0k

Debt/Equity

0.4 x

Debt/Assets

0.2 x

Financial Leverage

1.7 x
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Park Aerospace Operating Metrics

Park Aerospace's Backlog was reported to be $24.2m in May, 2019.
Apr, 2015May, 2016May, 2017May, 2018May, 2019

Backlog

$28.15 m$17.9 m$14.64 m$18.15 m$24.17 m
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Park Aerospace Acquisitions / Subsidiaries

Company NameDateDeal Size
Nova CompositesApril 01, 2008$4.5 m
DielektraOctober 29, 1997
MetcladApril 30, 1992
New England LaminatesDecember 31, 1961$200 k
Metclad International Corp.
Neluk, Inc.
New England Laminates Co., Inc.
NW Orangethorpe, Inc.
Papa Echo Aircraft Corp.
Park Advanced Composite Materials, Inc.
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Park Aerospace Revenue Breakdown

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Park Aerospace revenue breakdown by geographic segment: 92.9% from North America and 7.1% from Other

Park Aerospace Online and Social Media Presence

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Park Aerospace News and Updates

Park Aerospace (PKE) gains 2.03% on Moderate Volume July 29

Park Aerospace Corp (NYSE: PKE) shares gained 2.03%, or $0.3 per share, to close Thursday at $15.11. After opening the day at $14.89, shares of Park Aerospace fluctuated between $15.19 and $14.74. 51,527 shares traded hands a decrease from their 30 day average of 68,924. Thursday's activity brought …

Park Aerospace Corp (PKE) falls 1.41% for July 14

Park Aerospace Corp (NYSE: PKE) shares fell 1.41%, or $0.22 per share, to close Wednesday at $15.41. After opening the day at $15.71, shares of Park Aerospace fluctuated between $15.90 and $15.30. 66,920 shares traded hands a decrease from their 30 day average of 86,587. Wednesday's activity brought…

Park Aerospace Corp. Reports First Quarter Results

Park Aerospace Corp. (NYSE-PKE) reported results for the 2022 fiscal year first quarter ended May 30, 2021. As previously reported, Park completed the sale of its Electronics Business to AGC Inc. on December 4, 2018. Therefore, costs relating to the Electronics Business are reported as discontinued …

Park Aerospace Corp. Reports First Quarter Results

NEWTON, Kan., July 08, 2021 (GLOBE NEWSWIRE) -- Park Aerospace Corp. (NYSE-PKE) reported results for the 2022 fiscal year first quarter ended May 30, 2021. As previously reported, Park completed the sale of its Electronics Business to AGC Inc. on December 4, 2018. Therefore, costs relating to the …

Park Aerospace Corp. Declares Cash Dividend

The Board of Directors of Park Aerospace Corp. (NYSE – PKE) has declared a regular quarterly dividend of $0.10 per share payable August 5, 2021 to shareholders of record at the close of business on July 1, 2021.

Park Aerospace Corp. Announces the Election of Yvonne Julian to Its Board of Directors

NEWTON, Kan., May 20, 2021 (GLOBE NEWSWIRE) -- Park Aerospace Corp. (NYSE – PKE) announced that its Board of Directors has elected Yvonne Julian as a Director of the Company.
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Park Aerospace Frequently Asked Questions

  • When was Park Aerospace founded?

    Park Aerospace was founded in 1954.

  • Who are Park Aerospace key executives?

    Park Aerospace's key executives are Brian E. Shore, Steve Gilhuley and Matthew Farabaugh.

  • How many employees does Park Aerospace have?

    Park Aerospace has 136 employees.

  • What is Park Aerospace revenue?

    Latest Park Aerospace annual revenue is $46.3 m.

  • What is Park Aerospace revenue per employee?

    Latest Park Aerospace revenue per employee is $340.3 k.

  • Who are Park Aerospace competitors?

    Competitors of Park Aerospace include Raven Industries, Quickstep Holdings and The Gill Corporation - Maryland.

  • Where is Park Aerospace headquarters?

    Park Aerospace headquarters is located at 486 N Oliver Rd Bldg Z, Newton.

  • Where are Park Aerospace offices?

    Park Aerospace has offices in Newton, Melville, Westbury and Singapore.

  • How many offices does Park Aerospace have?

    Park Aerospace has 4 offices.