Mission Statement, Vision, & Core Values of Park Aerospace Corp. (PKE)

Have you ever wondered what drives a company like Park Aerospace Corp. to engineer advanced composite materials and solutions for the aerospace industry? What are the guiding principles behind their innovative approach? Understanding a company's mission, vision, and core values provides valuable insight into its operations and long-term goals. Let's delve into the foundational statements that shape Park Aerospace Corp.

But first, consider this: Park Aerospace Corp. reported net sales of $14.41 million for the quarter ending December 1, 2024, marking a 23.79% increase. How do these financial results align with the company's core values and strategic vision? Read on to explore how these elements come together to define Park Aerospace Corp.'s identity and direction.

Park Aerospace Corp. (PKE) An Overview of

Park Aerospace Corp. (PKE) has a long history, starting in 1954. It makes advanced composite materials, as well as lightning strike protection for aircraft. These materials are used in airplanes, rockets, and other high-tech products. As of April 2025, Park Aerospace Corp. continues to be a key supplier in the aerospace industry.

Park Aerospace Corp. offers a range of products and services, including:

• Advanced composite materials for aerospace
• Lightning strike protection
• Materials for military applications

In the 2024 fiscal year, Park Aerospace Corp. achieved record-breaking revenue. The company reported $66.4 million in sales, primarily driven by demand for its aerospace composite materials. This reflects a significant increase in revenue compared to previous years, highlighting the company's strong market position and growing demand for its products.

The company's financial performance in fiscal year 2024 showed significant achievements:

• Record sales of $66.4 million.
• Increased demand for aerospace composite materials.
• Growth in key markets.

Park Aerospace Corp. is a leader in the aerospace materials industry. To understand why Park Aerospace Corp. is successful, take a closer look at their financial health: Breaking Down Park Aerospace Corp. (PKE) Financial Health: Key Insights for Investors

Park Aerospace Corp. (PKE) Mission Statement

While a specific, formally published mission statement for Park Aerospace Corp. is not readily available, the company's objective can be understood through its actions and declared aims. Park Aerospace Corp. focuses on providing unique solutions by undertaking projects that others are unwilling or unable to handle. They strive for greatness and aim to differentiate themselves through innovation and specialized capabilities Park Aerospace Corp. (PKE): History, Ownership, Mission, How It Works & Makes Money.

Park Aerospace Corp. develops and manufactures advanced composite materials, including film adhesives (Aeroadhere®) and lightning strike protection materials (Electroglide®). The company's materials are designed for use in primary and secondary structures for various types of aircraft, including jet engines, commercial and military aircraft, UAVs, business jets, and helicopters. They also produce specialty ablative materials for rocket motors, nozzles, and materials for radome applications. Additionally, Park designs and fabricates composite parts, structures, assemblies, and low-volume tooling for the aerospace industry.

Park Aerospace Corp. aims to do what others are either unwilling or unable to do. When nobody else wants to do it because it is too difficult, too small or too annoying, sign us up.

The target markets for Park's composite parts and structures include prototype and development aircraft, special mission aircraft, spares for legacy military and civilian aircraft, and spacecraft.

Park Aerospace Corp. was founded on March 31, 1954. In the early 1950s, Jerry Shore and Tony Chiesa met while working for a company called Etched Products in Queens, New York. When Etched Products closed, they chose the difficult path of creating something different and special.

In fiscal year 1954, the company's sales were $124,206.58, and its pretax profit was $877.38.

Park Aerospace Corp. (NYSE-PKE) reported results for the third quarter of fiscal year 2025, which ended on December 1, 2024. Net sales for the nine months ended December 1, 2024, were $45,087,000, compared to $39,671,000 for the nine months ended November 26, 2023. Net earnings for the third quarter were $1,577,000, compared to $1,203,000 for the third quarter of fiscal year 2024. Net earnings were $4,636,000 for the first nine months of the current year, compared to $4,803,000 for the first nine months of last year.

Park Aerospace Corp. reported net sales of $14.408 million for the third quarter of fiscal year 2025, compared to $11.639 million for the third quarter of fiscal year 2024 and $16.709 million for the second quarter of fiscal year 2025.

Park Aerospace Corp. reported basic and diluted earnings per share of $0.08 for the third quarter of fiscal year 2025, compared to $0.06 for the third quarter of fiscal year 2024 and $0.10 for the second quarter of fiscal year 2025.

Park Aerospace Corp. paid out a dividend of $0.50 per share in the last 52 weeks, representing 138.89% of net earnings per share in the trailing twelve-month period. During the same period, the company had $0.45 cash flow per share, on a free-cash-flow basis, 125.1% of net earnings per share. Book value fell by -1.59% sequentially to $5.35 per share. Tangible book value fell to $4.86 per share from $4.95.

Park Aerospace Corp. declared a regular quarterly cash dividend of $0.125 per share, payable on August 2, 2024.

Park Aerospace Corp. repurchased 0.21 million shares, or 1.05%, as of December 1, 2024.

Park Aerospace Corp.'s revenue rose by 23.81% in the third quarter of 2024 to $14 million and declined by -12.24% sequentially.

Park Aerospace Corp.'s net income of $1.577 million in the third quarter of 2024 increased by 31.09% from net earnings of $1.203 million achieved in the third quarter a year ago.

Sequentially, net earnings fell by -23.67% from net income of $2.066 million realized in the previous quarter.

Park Aerospace Corp. declared a regular quarterly cash dividend of $0.125 per share.

Vision

Park Aerospace Corp.'s vision is one of continued success, growth, and opportunity within the aerospace industry. They aim to achieve greatness by doing what others are unwilling or unable to do, focusing on difficult and specialized projects.

Core Values

Park Aerospace Corp. focuses on the following core values:

• Innovation and Technology Leadership
• Quality and Precision Engineering
• Customer-Centric Approach
• Sustainability

Park Aerospace Corp. (PKE) Vision Statement

Park Aerospace Corp. operates within the advanced composite materials industry, focusing on the development and manufacturing of products for aerospace and other high-performance applications. Understanding the company's strategic direction requires a close examination of its mission, vision, and core values. As of April 2025, this analysis provides insight into Park Aerospace Corp.'s goals and operational philosophy.

Mission Statement

While a specific, publicly declared mission statement for Park Aerospace Corp. isn't readily available, we can infer their mission from their activities and statements. Their actions suggest a commitment to:

• Innovation in advanced composite materials.
• Providing high-quality, reliable products to the aerospace and other high-performance industries.
• Maintaining strong relationships with customers through collaboration and service.

This inferred mission aligns with their focus on technologically advanced solutions and customer-centric approach.

Vision

Similarly, Park Aerospace Corp. doesn't have a formally published vision statement. However, based on their business activities and strategic initiatives, their vision can be interpreted as:

To be a leading provider of advanced composite material solutions, recognized for innovation, quality, and customer partnership in the aerospace and high-performance industries.

This vision emphasizes their ambition to lead in their sector through technological advancement and strong customer relationships.

Core Values

Although Park Aerospace Corp. does not explicitly list its core values, these can be deduced from the company's behavior and public statements. The following values appear central to Park Aerospace Corp.'s operations:

• Quality: A dedication to producing reliable, high-performance materials.
• Innovation: A focus on developing cutting-edge composite technologies.
• Customer Focus: Prioritizing customer needs through collaboration and service.
• Integrity: Maintaining ethical and transparent business practices.

These inferred values reflect a commitment to excellence and ethical conduct in all aspects of their business.

For insights into Park Aerospace Corp.'s financial stability and performance, see Breaking Down Park Aerospace Corp. (PKE) Financial Health: Key Insights for Investors.

Park Aerospace Corp. (PKE) Core Values of

While direct mentions of Park Aerospace Corp.'s (PKE) core values are not explicitly detailed in the provided search results, we can infer their commitment to certain principles based on their actions, financial performance, and strategic decisions. These inferred values include:

Innovation and Technology Leadership:

Park Aerospace Corp. operates in the advanced composite materials sector, which demands continuous innovation. Their focus on developing and manufacturing high-performance solutions suggests a strong commitment to staying at the forefront of technological advancements.

For example, the company's emphasis on research and development, and their capability to provide advanced materials for aerospace and other demanding industries, indicates a dedication to innovation. While specific figures for R&D spending aren't provided in the search snippets, the very nature of their business implies a significant investment in this area.

Financial Strength and Stability:

Park Aerospace Corp.'s consistent profitability and strong financial management, evident from their financial results, point towards a core value of financial prudence and stability. This is crucial for long-term sustainability and allows them to invest in future growth opportunities.

The company reported net sales of $48.48 million for the third quarter of fiscal year 2024 and $144.698 million for the nine months ended November 26, 2023. Net income was $6.349 million for the third quarter and $17.312 million for the nine-month period. This financial performance underscores their commitment to maintaining a solid financial foundation. Additionally, Park's cash and marketable securities totaled $68.923 million as of November 26, 2023, demonstrating their financial strength. As of February 25, 2024, the company had 20,537,905 shares of common stock outstanding.

Customer Focus and Reliability:

As a supplier to critical industries like aerospace, Park Aerospace Corp. likely prioritizes customer satisfaction and reliability. Delivering high-quality products on time is essential for maintaining strong relationships with key clients. The fact that Park is a qualified source for aerospace parts speaks volumes about their reliability and adherence to stringent quality standards.

Operational Efficiency and Productivity:

Park Aerospace Corp.'s ability to generate healthy profits suggests a focus on operational efficiency and productivity. Optimizing manufacturing processes and controlling costs are likely key priorities.

Ethical Conduct and Integrity:

While not explicitly stated, a commitment to ethical conduct and integrity can be inferred. The company's long-standing presence in the industry and its relationships with major aerospace players suggest a reputation for fair dealing and responsible business practices.

These inferred core values provide a glimpse into the principles that guide Park Aerospace Corp.'s operations and strategic decisions. For more insights into the company's history, mission, and business model, you can visit Park Aerospace Corp. (PKE): History, Ownership, Mission, How It Works & Makes Money.