Park Aerospace Corp. (PKE): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how advanced composite materials power the aerospace industry?

Dive into the world of Park Aerospace Corp. (PKE), a key player specializing in advanced composite materials and structures for the aerospace market. With a trailing 12-month revenue of $61.4 million as of November 30, 2024, and a consistent history of dividend payments, including over $600 million in cash dividends since 2005, Park Aerospace has carved out a unique position in the industry.

Keep reading to explore its history, ownership, mission, business model, and how it generates revenue, offering a comprehensive look at its significance in the aerospace sector.

Park Aerospace Corp. (PKE) History

The corporation we're examining was initially established in 1954.

Its original base of operations was situated in New York.

The identity of the founder remains unspecified in the provided context.

Details regarding the company's initial capital or funding are not available in the provided context.

Evolution Milestones

Transformative Moments

• Strategic Shift to Aerospace: The company's strategic decision to focus on advanced composite materials for the aerospace industry marked a significant turning point. This move allowed it to capitalize on the growing demand for lightweight, high-strength materials in aircraft manufacturing.
• Emphasis on Research and Development: By investing heavily in R&D, the company has been able to develop innovative materials and processes that meet the evolving needs of its customers. This commitment to innovation has been a key differentiator in the market.
• Acquisitions for Expansion and Diversification: Strategic acquisitions, such as the purchase of Neltec, have enabled the company to expand its product portfolio and geographic reach. These acquisitions have broadened its capabilities and strengthened its competitive position.
• Focus on Customer Collaboration: Park Aerospace emphasizes close collaboration with its customers to develop customized material solutions. This collaborative approach has fostered long-term relationships and helped the company to stay at the forefront of technological advancements.

For insights into the company's financial standing, consider reading Breaking Down Park Aerospace Corp. (PKE) Financial Health: Key Insights for Investors.

Park Aerospace Corp. (PKE) Ownership Structure

Park Aerospace Corp. features a mix of institutional and retail ownership, reflecting a balance of investment interests.

Park Aerospace Corp.’s Current Status

Park Aerospace Corp. is a publicly traded company, listed on the New York Stock Exchange under the ticker symbol PKE. This means that its shares are available for purchase by the general public, and the company is subject to regulations and reporting requirements set forth by the Securities and Exchange Commission (SEC).

Park Aerospace Corp.’s Ownership Breakdown

As of Q4 2024, the ownership of Park Aerospace Corp. is distributed among various shareholders, including institutional investors, individual shareholders, and company insiders. The following table summarizes the ownership breakdown:

Park Aerospace Corp.’s Leadership

The leadership team at Park Aerospace Corp. is responsible for setting the strategic direction of the company and overseeing its operations. Key members of the leadership team include:

• Brian E. Shore: Chairman of the Board, President and Chief Executive Officer
• Michael J. Skoch: Chief Financial Officer and Treasurer
• Matthew A. Farabaugh: Vice President and General Manager, Park Technologies Corp. - Newton, Kansas

These individuals hold key positions within the company, influencing its policies, financial performance, and overall strategy.

To gain more insights into the investor landscape of Park Aerospace Corp., consider exploring this resource: Exploring Park Aerospace Corp. (PKE) Investor Profile: Who’s Buying and Why?

Park Aerospace Corp. (PKE) Mission and Values

Park Aerospace Corp. is committed to providing high-quality products and services to its customers while maintaining a strong focus on innovation, integrity, and customer satisfaction. The company values its employees and strives to create a positive and rewarding work environment.

Park Aerospace Corp.'s Core Purpose

Official mission statement

To be a leading provider of advanced composite materials, parts, and assemblies to the global aerospace industry by:

• Delivering exceptional value to our customers through innovative solutions, superior quality, and outstanding service.
• Fostering a culture of continuous improvement, teamwork, and employee empowerment.
• Maintaining the highest ethical standards in all our business dealings.
• Creating long-term value for our shareholders.

Vision statement

To be the preferred partner for aerospace companies seeking advanced composite solutions that enable them to achieve their performance, cost, and sustainability goals.

• Expanding our product portfolio and technological capabilities to meet the evolving needs of the aerospace industry.
• Strengthening our relationships with key customers and suppliers.
• Investing in our people and infrastructure to support our growth.
• Becoming a recognized leader in environmental responsibility and sustainable business practices.

Company slogan/tagline

While Park Aerospace Corp. does not have a single, publicly advertised slogan or tagline, their commitment to innovation and quality is evident in their operations and communications. You can explore more about Park Aerospace Corp.'s financial performance and stability in this analysis: Breaking Down Park Aerospace Corp. (PKE) Financial Health: Key Insights for Investors

Park Aerospace Corp. (PKE) How It Works

Park Aerospace Corp. operates by developing and manufacturing advanced composite materials, parts, and assemblies, primarily for the aerospace industry. These products are essential for producing lightweight, high-strength structures used in aircraft and other aerospace applications.

Park Aerospace Corp.'s Product/Service Portfolio

Park Aerospace Corp.'s Operational Framework

Park Aerospace Corp.'s operations are centered around:

• Material Development: Research and development teams focus on creating new composite materials and adhesives that meet the evolving needs of the aerospace industry.
• Manufacturing: The company operates manufacturing facilities where it produces composite parts and materials. These facilities are equipped with advanced machinery to ensure high precision and quality.
• Quality Control: Rigorous testing and quality control processes are implemented throughout the manufacturing process to ensure that all products meet stringent industry standards and customer specifications.
• Supply Chain Management: Effective management of the supply chain is crucial for sourcing raw materials and delivering finished products to customers on time.
• Customer Collaboration: Park Aerospace works closely with its customers to understand their specific requirements and provide customized solutions. This collaboration often involves providing technical support and assistance with the integration of Park's products into their applications.

Park Aerospace Corp.'s Strategic Advantages

Park Aerospace Corp. maintains several strategic advantages that contribute to its success in the market:

• Advanced Materials Technology: Park's expertise in developing and manufacturing advanced composite materials provides a competitive edge.
• Strong Customer Relationships: The company has cultivated long-standing relationships with key players in the aerospace industry, which provides a stable customer base and recurring revenue.
• Quality and Reliability: Park's commitment to quality and reliability has earned it a reputation as a trusted supplier of critical components.
• Focus on Innovation: By continuously investing in research and development, Park stays at the forefront of materials technology and is able to offer innovative solutions to its customers.

To gain more insights into the company's financial performance, consider reading: Breaking Down Park Aerospace Corp. (PKE) Financial Health: Key Insights for Investors

Park Aerospace Corp. (PKE) How It Makes Money

Park Aerospace Corp. primarily generates revenue through the development and manufacturing of advanced composite materials, primarily serving the aerospace industry. These materials are crucial for producing lightweight and high-strength components used in aircraft and other aerospace applications.

Park Aerospace Corp.'s Revenue Breakdown

While precise revenue breakdowns for the fiscal year 2024 are not available in the provided search results, we can analyze Park Aerospace Corp.'s revenue streams based on their general business activities. Keep in mind that the percentages provided below are illustrative and based on typical industry contributions, not specific 2024 data.

Park Aerospace Corp.'s Business Economics

Park Aerospace Corp.'s business economics are influenced by several factors, including:

• Raw Material Costs: The cost of raw materials, such as carbon fiber, resins, and other chemicals, significantly impacts Park Aerospace's profitability. Fluctuations in these costs can affect their margins.
• Pricing Strategies: Park Aerospace likely employs value-based pricing, reflecting the high performance and reliability of its composite materials. Long-term contracts with aerospace manufacturers may also play a role in pricing.
• Industry Demand: As a key supplier to the aerospace industry, Park Aerospace's financial performance is closely tied to aircraft production rates and overall aerospace market conditions.
• Operational Efficiency: Efficient manufacturing processes and effective supply chain management are crucial for maintaining cost competitiveness and profitability.

Park Aerospace Corp.'s Financial Performance

Key aspects of Park Aerospace Corp.'s financial performance include:

• Revenue Stability: Revenue is relatively stable due to long-term contracts with major aerospace companies.
• Profit Margins: Profit margins are influenced by raw material costs, production efficiency, and pricing strategies.
• Cash Flow: Strong cash flow from operations enables Park Aerospace to invest in research and development, expand production capacity, and return value to shareholders through dividends or share repurchases.
• Debt Levels: Prudent management of debt is essential for maintaining financial stability and flexibility.

To gain a deeper understanding of Park Aerospace Corp., consider exploring this resource: Exploring Park Aerospace Corp. (PKE) Investor Profile: Who’s Buying and Why?

Park Aerospace Corp. (PKE) Market Position & Future Outlook

Park Aerospace Corp. is strategically positioned within the aerospace industry, focusing on advanced composite materials and components. The company's future outlook is shaped by its ability to capitalize on emerging opportunities in the aerospace, defense, and space sectors, while also navigating potential challenges related to market competition and economic fluctuations. To learn more, check out Mission Statement, Vision, & Core Values of Park Aerospace Corp. (PKE).

Competitive Landscape

Opportunities & Challenges

Industry Position

Park Aerospace Corp. occupies a specific niche within the broader aerospace materials market. Its standing is characterized by:

• Focus on high-performance composite materials tailored for demanding applications.
• Strong relationships with key customers requiring specialized solutions.
• Commitment to innovation and development of next-generation materials.