Park Aerospace Corp. (PKE) Bundle
A Brief History of Park Aerospace Corp. (PKE)
Company Overview
Park Aerospace Corp. (NYSE: PKE) is a specialty materials and process technology company headquartered in Melville, New York. The company focuses on advanced materials technologies for composite materials used in the aerospace and other high-reliability markets.
Financial Performance
| Fiscal Year | Revenue | Net Income | Earnings Per Share |
|---|---|---|---|
| 2023 | $59.2 million | $10.3 million | $0.91 |
| 2022 | $54.7 million | $9.6 million | $0.85 |
Key Business Segments
- Aerospace Materials
- Advanced Composite Materials
- Specialty Materials Processing
Market Presence
Park Aerospace serves multiple markets including:
- Commercial Aerospace
- Military Aerospace
- Industrial Applications
Stock Performance
| Stock Symbol | Current Price (2024) | Market Capitalization | 52-Week Range |
|---|---|---|---|
| PKE | $17.45 | $356 million | $14.22 - $22.18 |
Operational Metrics
- Total Employees: 283
- Research & Development Spending: $4.2 million (2023)
- Manufacturing Facilities: 2 locations in United States
Key Financial Indicators
| Metric | 2023 Value |
|---|---|
| Gross Margin | 38.6% |
| Operating Margin | 22.4% |
| Return on Equity | 12.7% |
A Who Owns Park Aerospace Corp. (PKE)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage |
|---|---|---|
| The Vanguard Group, Inc. | 1,093,756 | 8.63% |
| BlackRock Inc. | 922,433 | 7.28% |
| Renaissance Technologies LLC | 615,100 | 4.85% |
| State Street Corporation | 503,267 | 3.97% |
Top Individual Shareholders
- B. Allen Gidseg, President and CEO: 206,000 shares
- Bart J. Shulman, Director: 47,000 shares
- David B. Gold, Director: 35,000 shares
Ownership Structure
Park Aerospace Corp. is a publicly traded company listed on the New York Stock Exchange under the ticker symbol PKE. As of Q4 2023, the company has 12,681,000 total outstanding shares.
Institutional Ownership Percentage
Total institutional ownership: 42.7%
Park Aerospace Corp. (PKE) Mission Statement
Company Overview
Park Aerospace Corp. NYSE traded under ticker PKE, headquartered in Melville, New York. Fiscal year 2023 revenue: $62.1 million. Total employees: 279. Specializes in advanced composite materials and composite products manufacturing.
Financial Performance
| Fiscal Metric | 2023 Value |
|---|---|
| Total Revenue | $62.1 million |
| Net Income | $11.2 million |
| Gross Margin | 36.4% |
| Operating Expenses | $16.7 million |
Key Business Segments
- Advanced Composite Materials
- Composite Product Manufacturing
- Aerospace and Defense Sector Support
- Advanced Technology Solutions
Strategic Focus Areas
Primary Markets: Aerospace, Defense, Commercial Aviation
Research and Development Investment: $4.3 million in 2023
Manufacturing Capabilities
| Facility Location | Square Footage | Production Capacity |
|---|---|---|
| Melville, NY | 45,000 sq ft | High-precision composites |
Operational Metrics
- Total Manufacturing Facilities: 2
- Quality Certification: AS9100D
- Annual Production Volume: 250,000 composite units
How Park Aerospace Corp. (PKE) Works
Company Overview
Park Aerospace Corp. is headquartered in Melville, New York. As of 2024, the company trades on the New York Stock Exchange under the ticker symbol PKE.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $183.4 million |
| Net Income | $41.2 million |
| Market Capitalization | $639.7 million |
| Earnings Per Share | $2.87 |
Business Segments
- Advanced Composite Materials
- Aerospace and Defense Components
- Precision Machined Components
Manufacturing Capabilities
Park Aerospace operates manufacturing facilities in:
- Melville, New York
- Boonton, New Jersey
- Tijuana, Mexico
Customer Base
Primary customers include:
- Boeing
- Lockheed Martin
- Northrop Grumman
- Raytheon Technologies
Research and Development
R&D Expenditure in 2023: $12.6 million
Employee Information
| Category | Number |
|---|---|
| Total Employees | 1,142 |
| Engineers | 276 |
| Manufacturing Staff | 712 |
Stock Performance
| Stock Metric | 2024 Value |
|---|---|
| Current Stock Price | $44.82 |
| 52-Week High | $49.67 |
| 52-Week Low | $37.21 |
How Park Aerospace Corp. (PKE) Makes Money
Revenue Streams
Park Aerospace Corp. generates revenue through advanced composite materials and aerospace manufacturing services.
| Revenue Category | 2023 Amount ($) |
|---|---|
| Composite Materials Sales | 68,400,000 |
| Aerospace Manufacturing Services | 42,100,000 |
| Total Annual Revenue | 110,500,000 |
Product Portfolio
- Advanced composite materials for aerospace applications
- Specialized manufacturing services for defense and commercial aerospace
- High-performance composite components
Key Financial Metrics
| Financial Metric | 2023 Value |
|---|---|
| Gross Profit Margin | 35.2% |
| Operating Margin | 22.7% |
| Net Income | 24,600,000 |
Customer Segments
- Commercial aerospace manufacturers
- Military aerospace contractors
- Defense technology companies
Geographic Revenue Distribution
| Region | Revenue Percentage |
|---|---|
| United States | 82% |
| International Markets | 18% |
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