Park Electrochemical

With disappointing 2Q, bumpy takeoff for Park Aero

  PARK AEROSPACE CORP. Headquarters: Melville Industry: Composites manufacturing NYSE: PKE Reporting Date: Oct. 10, 2019 Reporting Quarter: 2Q FY2020 Quarter Ended: Sept. 1, 2019 Numbers: Second-quarter sales were reported as $13.7 million, a 22.3 percent increase from the $11.2 million reported for the same quarter last fiscal year. But quarterly net earnings (down 22.2 percent, to $2.1 million) and both basic and diluted earnings per share (each down from 13 to 10 cents) were…


Struggling Melville maker eyes electronics

Park Electrochemical Corp.’s fiscal 2017 slump continued in the company’s second quarter, according to an earnings report issued this month. Reporting Oct. 5 on its FY2017 second quarter, which ended Aug. 31, the Melville-based maker of printed circuit boards and composite materials for aerospace manufacturers noted sagging earnings and revenues, both well off their year-prior 2Q FY2016 levels. The company reported earnings of $2 million for the FY2017 second quarter, down 56.9 percent from the…


GE stall, Asian slump nip Park Electrochemical

A weakened Asian market contributed to year-over-year and quarterly drops in net sales and earnings for Park Electrochemical Corp. – though an international aerospace rebound may have the Melville manufacturer regaining altitude soon. Reporting June 29 on the first quarter of its 2017 fiscal year, Park Electrochemical – a producer of printed circuit boards and composite materials for aerospace manufacturers – noted net sales of $31.49 million. That’s down from the $37.83 million reported for…