PKE - Earnings call 2 2024 | Park Aerospace Corp.

Thank you, Alicia.

This second call. we announced everybody. our make sure Matt on welcome, is you the course. CFO, of So presentation, accessing Welcome Farabaugh, just little while fiscal our to as 'XX me, quarter With conference to access our you're investor to as usual, how Brian, we're that a ago about instructions way. if earnings the through. Also, go our do it posted it's to want and to there website, presentation are

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miles Park, is freight matters it stopped. the and hour the with like be in -- to the tracks at us said, per ups downs. But mostly train, what short-term the we term, long Now a to cannot noise we management have XXX the we static, the of is terms I perspective. deal -- coming oscillations, from down "Juggernaut", and think in

better be You That's be we think got around not we're Slide We overrun. will about we to ready what on think or look fooling it. here. too we XX,

XX. So let's Slide to on go

How outlook. Financial little time? Okay. is are an bit a we doing Park GE update. of Financial outlook for Program with Yes. and

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assuming I'm this math. through requires we're XX% Is let's low remember, we 'XX, to is. an AXXXneo. the Going math. That's 'XX know month, number? the XXXX, assuming $XX I not That's that. plan. go going here, go share 'XX. that go to from We're for discussion. of market talked XX. million It running number? aircraft. XX before. bit million what We're And Global revenue up. the a There's Well, little more the Slide is per AXXXneo, the slide $XX unit know to about it, share. XX. number See let's might. X,XXX, build the to We're is 'XX not per XXXX assuming just late. for market that through XX the going That's that stop airplanes? per we end year the pricing. aggressive doing This But

MRAS We have low That's build numbers numbers low the the and high from plan. for end. the

aggressive? being using means got okay? We're CXXX? So -- per XXX These said in X XXX you, two to airplane, they're years, be just Comac in tell XXX. to XXX. -- sorry, we're engines equivalent did we're are XXX What I that that you going engines, convert yes, --

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are and unit assure you conservative. XX numbers can is We build aggressive? the -- of but going the plan lower, range. numbers, is range. build it's X low end Are in I plan the There's the GEXX, lower This we than we're not low. give being to high

per of you number Because million $XX.X I Why is we're revenue the unit we say. is numbers have Now that the conservative units, the because number per and went that? -- the taking into the pricing year, new would gives the up. pricing, -- price up total new pretty went account

So let's footnotes here. talk a the little bit of about some

Okay.

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all Because assuming to clearly, MRAS million, some X, We're tell programs. conservative. have which relates adhesive Why about Adhesive Passport these of XX, assuming again, once to their Item for Item They is number? math we more. are are want here and conservative? the an Item programs? X products ARJ. Why X, I you the folks. talk X, We're which cases, film That We're that? aggressive Y. it? an doing the number? adhesive also XXX to Why every me, not in I is used being were mean, in Let's one doing they're our program. the that think the just rather in brand being brand for So Because not to and relates we is don't we're buy Film so. film $XX that don't aggressive

people we're know see don't that. you it don't do So overdoing -- where know I or of kind that -- think promoting I hyping. that where or

upon Park financial on principally update. based estimates okay. a qualified, Park Corp. of programs an outlook, Aerospace All which sole-source growth on to go right. Let's Slide XX,

we footnotes $XX.X million, this estimated Valkyrie. of too XX, $XX explain which slide, that's Kratos, the changes. The sales for will is math math We the the GE pretty very Slide similar, updated the on much just And here, there's although know, many there -- incremental we've are which again. the next ADL, pretty doing GE Programs much million not

where assumption That's well, million number this is a sales, it where and the about sales in you we'll over information like million. he using were But remember, plus we we QX non-aviation we're said and okay, that. Non-GE guess programs incremental $X there's that's something quite are That of We're like, what numbers $XX.X seems million. million X% that. Where $X million high. 'XX, to -- year $XX years, $XXmillion. conservative, that $XX I see thought know me, because baseline the To say, from. conservative. million that here. I brings $XX X Somebody QX? up It's get interesting is is like

million So $X.X has already of the been achieved. $X million

outlook. I down. programs. to that Now But not how going and But point just I'm Aerospace that's based don't don't it you see works. I still million just just That's will move through -- we're to are that We you out, always timing $XX.X of get QX want yourself, again, being know. does saying we follow QX. could follow and see the of it. And for rest up of along I EBITDA and I down. aggressive? to math, could we the number can on mean, how go

-- items, how explain I'm go we Slide detail going already so Let's XX, in talked not trying to we just kind about things these through math. do and the to of go could the

a stop If you us have let's any know. Slide second. XX, for there questions let

Why outlook. say We're qualified working into does importantly, forecast. this Because This we're yet, the outlook lots on. we're programs that? take not account an Just remember, on we not very a working sole-source it. is not of is do other

Now will. won't, some hit and maybe will some but some

big, we're of some big pretty boy, are And revenues. The stuff talking first bullet the significant them items, one, here.

And lot we nothing customers? GE. we interest you customers? one, to only outlook course, don't think, do second new is sell Adhesive a are. What we You Film Film the in any of of Of for sales The of other The we're about the we think product announced, okay, line. What it? Nothing AXXXneo, want have else. any a else Adhesive approaching in customers. other we not have

like, about project. be could a of talked The big be helps say, lot, actually way, by yes, before. the Missile they'd could kind in assembly, So we one, planning JV, It That Asian could to we're qualified Arrow that yes, a Defense others. terms be in a that program we big. technology getting Israeli credibility. big integration Structures System X license product to of are big. sell

not X. binary. going might X. between. just want And are in be in be of to these quantify not you is of be point a more that. won't. probably some because none big hit that will But But somewhere stuff some might it some make ones. again, I to than would It do They're included lot going It We're to like a for we're it our outlook. So

to Slide XX. Let's go

the Okay. updates. the programs Kratos $XX million the only are -- I These that for program, and you. outlook, on ADL are guess coincidence, totaled PAC-X resource almost, the by program in the three the that

only fit think, PAC-X Kratos is, I mentioned, has and I I I news. think positive announced It Kratos new there, all, is everything -- everybody holding seems these the it, Valkyrie mean, guess is and back, to program. government the supply positive. Valkyrie's right about is That's missile, DOD going a highlight replicated really like very that forward thing chain. the I news with very for recently. This positive the it it, guess, something the Valkyrie, systems. what's right article And -- in replicator automated the with to always I whenever the unmanned seems wants see these program. About any a about

slide Let's XX. almost missed, -- go on to

Okay. second, We're please. On for a going Slide kind there Hang on XX, time. long there. getting of in

with So is a before, we slide this shared you million. $XX.X

June And that 'XX. mean, far toll in That concerned, on and June consider money There's million, money and gone payment. be debt. that's The like installments. be should will as debt. paid. old. So taxes, gets we're in have two you spent. that Like, down one $X.X one, million QX. I paying that's don't more like is our $X.X almost it's as I'm We but we that any It's transition to almost last debt, -- that 'XX. paid money

that So outlook discussions about we $X of million see we'll you kind are in other gone. The of the investment. project, there of and lot a which that some consider for the that. would require projects, Kratos got to money And that of some programs referenced

cash it. we number, is it's of, money looks is look not This of it like to committed. okay, forecast, how much That's have. we a this be obviously, $XX terms million, how kind well. things in see million. $XX about much hope but at we we'll kind And how conceptual So But kind as generating of money of is

for But it's us, a forecast. it's conceptually important. XX. I that's So say why not

dividend sheet this. got long-term quarter, and X dividend we history buyback. Our history. We debt cash balance Every cover

consecutive XXX,XXX no $XXX today. And a Park or that Under a plan, $XXX to Park. it cost dividends terms, company stock, lot XXbX-X or share that's of at by million. purchased paid its million a $X.XXX slide, been reducing little cut million, The paid skipping blue, cash secret August always an by to average cancel like implemented has throughout about July stock sorry, XX, continues, end May XX of maintained was And -- of we're quarterly XX, dividends Park its as its that of XXbX-X 'XX, we I implemented regular ever X.X which beginning a stock regular of which $XX.XX, XX, continues. amount. cash dividend, X, has dividend $XX.XX say, on On Rule Park in in the for success 'XX. And another Park XXXX. Under For fiscal dividend, in others, shares the hell program, the cash company's wrapping Board money since expires, up purchased. And family Park Yes. on we of plan, uninterrupted terms XXXX, The common announced million shares our just price 'XX, our of total quarterly pandemic, up here. economic XX? program, Park's secret authorized the of purchase has crisis. Park per dividends without as big our one years May an expired,

you on Customer given update Flex We've Okay. our an Program.

of total in XX%. Don't for brevity, read negative is because we're but last We haven't couple done the just quarters that that. trying participation to -- something

new be Flex have few for Customer it quite a We be to while program. in a little them qualified, and people, the takes

in short-term Our family success and used very program, you're very, family, little to add Park people another employees people. Park So for XX important higher important now future. Park plan Park the a that and to the still people number very current increase count XXX is our our a XXX, to? count, than

that's happen kind this here? But of particularly last to we extra been would of baseline, have that relatively you get if to extra that, can Or $X the million people about couple workers. and on a before want per to cost? use P&L. -- year, of we is XXX million We're doing cost just something $X.X here's production quarters, interesting, where as about for our this going which cost for advised what's be quickly, So talking

a up that's more love frustrated it's says family And great important is we we're work. really We off. I people using good Well, ideas. was to Now I made in that. Not they come that whatever. to the a We social what lot, I said, started culture taken people. why is an because Glory, hold. just doing stuff. to okay, a people. the think I Courtney really know? shock, do work, great big Nancy, difference. And easy right media my has really this mean, for don't great that? a things. boy, the Park we thing not all other helped recruiting with very place it's Courtney, place I'm to I It's our But And I lay place believe little felt, work.

people family is harder [to recruit] Our we as are it people people. to treat us, family. Why

door, is now a had we hold. little right now. taken us with it's word, line a the And just we think The -- longer. to out got work people for think, while I I come can stick it out. And

especially half production workers. cost to good our for workers, -- quickly, that's production half about the up because get to pretty watch is news. But XXX type we of be XX number So could going

that's good okay, news. So,

it's on Slide XX. guess Let's XX. when you go I look I good at Slide news. to it, mean

too need previously we the we Juggernaut for As will or overrun. be ready to get stated,

call have We every us future, for what for So self-interest, where for run to to realize, every money our owners for is the we of quarter. That great quarter. making Park I make for long future, not money for enlightened next think the need you business our that's kind people term, a the are maybe to owners term people quarter. commitment Park's committed

want In Park's do words, a the making for you We run people owner, an people to for you. But you're here? what in mean or future. money probably business hire other If people we advance. we're hiring

overrun. the for So we we're Juggernaut ready go won't and

quarter, the to is other words, increase people running not our count our the XXX plan for intermediate in running are are to we we future. And people. for Park So

This Structures crew. that. At a very or our people Park, some Park from for keeps. for have is people with what playing so Park. always At see -- blessed and fortunate let's crew our is, XXth happens Aerospace Composite been great to we have tradition And So have. have feature Park for we're our playing of we now our keeps. And on group we year play

really So we're emphasizing program now. structures we're on this opportunities because at assembly and right significant working looking

already a So -- in you, is They the the it do very or this that to one Customer Flex other do can due do not bit. This things. We're three are crew that's little I'm very they great I is group important. can't Programs, also to a so explain ITAR work. do two they because that. They other jobs.

We're there. our Anyway, thanks this. everybody to questions might and very like concludes That ready out that So take people listening. wonderful be any to operator, for have presentation. else,

Park Aerospace (PKE) 5 Oct 232024 Q2 Earnings call transcript