PKE - Earnings call transcript Q1 2025

as as Welcome in ago. Thank quarter release through. Nice 'XX fiscal go a website, Esquivel, want you This earnings President with only to also our you the to We after our look call, weeks instructions Brian. we're go how published want you, is to that X access take earnings me have or the QX I to our you -- and that on close, investor was Park's last It's Matt X Mark earnings yeah, the presentation the all Farabaugh, to CFO; at The if you Alicia. our have board. usual, can issued investor investor release -- QX it on COO. conference to call. first weeks route. posted about on also release call,

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bring through what want about And $X.X over Our facility. million just 'XX quarterly to business fiscal little and to those for 'XX. to million; going appreciation ramping gross mentioned, one you setting year, we that quarter and through million. margin. attention. per and our factory guess gross margin, 'XX, and $XX.XXX news the so all we we're from results you release, up QX, up million, about the I a want the The not of $X.X equates over as again, and earnings and of but the gross last things $X juggernaut went sales I to a EBITDA XX.X% haul profit, million; affect we know, our your [indiscernible] long adjusted new our X.X% things things of to number depreciation EBITDA, remind is related the that call $X just a I new

EBITDA, but part of of of actually sold. margin, it's affect doesn't It by So cost does goods depreciation gross affect definition. course,

Let's slide go to on X.

doesn't a as little sales, so just EBITDA was strange, that to said, we and should to million -- ago. seems million. And $XX about million $XX.XX during sales estimate We X that X.XX%, place QX estimate investor slide a estimate. on Adjusted say our X, had we QX weeks it? May X.XX% of have I do what which our So XX, $XX.XX call, of

of here. EBITDA on going $X.X million, have We so what's

sales booked leading and QX our QX what you, EBITDA sales the estimate that upon -- know remind obviously call sales I'm we during was fully booked you those provided the upon so to. was based QX fully to in was QX estimate Just based

call. in it language bold QX taking the -- language and However, this we're is in our from our just

a as we the But business So impacted speaking sales from a said May the not 'XX as XX, little And are it -- EBITDA lose any release. may bit QX company will little Again, sales in which fiscal damage. seem of as the any. or of -- our or this is the still a unknown a did QX, QX in result XXXX facilities, sales lose do were damage news we amount although but storm storm QX of damage, and release, storm -- things however, and May awkward not we known no QX and don't during these strange. result then by reported year expect into expect be -- slip reported QX it's to We XX. will into amounts, news company's then from on to expect to

slide X. about storm? talk about storm storm, to on go What let's Okay, that the damage. the Let's

the lucky PM strong approximately have time reaching actually Newton, more winds we local good be people at maybe X hurt. two could but could with lot are QX. in people XX, have straight-line back the Sunday, forth On shelters, it. every like the Now there the in week, as are damage beginning Kansas outside reportedly more information the the going were very none lucky of a there'd that was but and at know, cars only straight-line very that from that of the this, winds storm the and very at some of XXX facility, of news bad and our the an cases. news very nobody far the They're miles PM, at timing, perspective. and facilities happen. not you tornadoes though, storm news timing tornado shelters. occurred facility. And Park's, We're so Saturday, been that X good last storm not time timing. with of people the bad were was May did inside fortunate a That's night probably the night That's if as timing the Unfortunately, result. But damaging We're in hour, the about their the be with at storm as damaged facilities by of a than at weeks other

quarter. As -- a result, week during in last two production weeks weeks and sales those the meaning those of impacted was during significantly seriously shipments disrupted negatively last quarter, the two were

recovering fully Now our storm we But Park's damage. And understand what storm the happened and estimated incredible actually our between the temporary fiscal by QX. day measures 'XX, year X, we employment occurred. and discrepancy certain just the did and an that's the what facilities of big the QX, from and June two operational job to first after people, storm thanks for 'XX people with that's weeks were of Park's

damaged So in keep the what quite Slide was So believe, stuff. questions by getting I job, people. recovery storm Park about the a X; remarkable by storm? I this all

this hat So maybe but information. all boring, provided is of it's we this really for you, some haven't ] [

temporarily need our buildings plant. very destroyed are secured. units or specialty are damaged to the units roofs roofs and temporary of Numerous So has replacement, -- and aspects through aspects I'm storm. certain are certain and going the repaired they'll of HVAC units were the not -- for either labs had order, to been humidity about repaired. or at complete limitations the because just required damaged? lots humidity and within of was Repairs I've actually and The will buildings three maintain in of are the be quickly replaced we're What it lots temperature to HVAC temperature all be people three in The controls likely pending and questions all other different these now and comfort areas need roofs campus damaged that were replaced. These new were replaced. plant, production

the were is R&D R&D equipment production So the Company was let's other but of their the -- weren't storm, Production parts we like roll-up structures damaged to not than Yeah, already and And They -- is good the this were are was question. The in were the the Its where where garage rebuilding not important were by mentioned, damaged, where at damaged, door not by there's additional were which facilities they damage, different storm. lot campus to more news. of was they roof not of the here? the moved parking damaged minor this cars and damaged. located damage none the were damaged building. they they production left. What damaged. area. also see doors, efficiently the obviously a we probably and they lab parking equipment, production equipment, lab

we of these by and all have of June It off we months, I obviously roof. take said, X Quite and facilities, the them HVAC up There's slide lab X. By all the at can X, complete to sure, they functional contains company's building the to a and the approximately off operational asked, way, question top damage of million. on lot how fell ripped deductible roof -- -- tell insurance continue and $X.X lot, or keep fully physically the property the some the go all let's in should not X; when since are to repairs? in you the production take units these So provision I'm deterrence operational a getting in arrived but functional been were be the wind the policy to -- it we long as storm. Slide will fully parking facility. they wrecked, parking the

that it's less going much annual is a quite us do with we premium, wind could our cost fire, premium. intentionally for lower high. deductible, deductible the And because we but for So it's have damage, to -- less. But

Park we $X the Park million. [indiscernible] of think think about for smaller for we about catastrophic so when anyway, loss, $X.X loss insurance million, And

the we at smarter time. bank we always bidding -- if we're is We'd that going be ensure insurance to some we us cash. and have over rather buy [indiscernible] don't, ourselves get company than because insurance, the We --

company don't we at that the recovery recovery. a be will against of So from for claim game. Any policy. accounted company the received time the policy play submitted this the The

those how home, also to during were and Park than know account charge making a part that the of charge. This doubt incurred some the company so the just hourly predominantly X damaged costs $X.X things, -- charge. on testing accounted that clean damaged if report paid our do This on -- In any send includes stuff many storm producing QX Park we either onetime were those at up people recovery approximately destroyed. approximately people you they this, the and not of or on million shocked hourly screwed. We The other I the were Park. of write-down the Let's know, value people, the they was they're rather working, which all, QX during And recovery the to we for cleanup. your were people which that they our for but of working in the and their get and slide words, you in storm two companies, the normally paid, $XX,XXX they're and of recognized don't storm, weeks. We two And sell, they're book go mostly they of buildings production equipment, a as is working weeks fully was people products. storm. of salaried on at kind people stuff don't the get hourly our your

let's chain and will Total I like capitalized installations, ] bit New purchases million. Supply for, because I $X.X exactly related little of a shipments is causes? other providing case that This estimated doozy QX, approximately that's actually inventory $XXX,XXX. on and the and when the we This be -- $X.X to go at is accounted issues, suppliers for Well, number, call, replacement meet slide struggled then our we missed so one XX. major carrying said in shipments, and a our of $X of by chain missed their we requires little lead [ little first going big longer of times. means to supply time the and storm And bit don't is okay? a our to something think And QX were equipment one, course. million, maybe the million. customers' a What remember million, -- specs. that, one manage did explanation of we're a one $X.X our of

people than and was to that are do factory if international storm up question, of and mean, about we supply more our wasn't there East talk the have to portion International out relates it's things we QX. recovery? storm very are and don't answer But it been my And on that back about delighted planning. was that Middle customers to our Question, not is focused but this could the our a storm. on -- time, ameliorated Europe, have chain our part by and quarter, regard. that in none was it's It of in we got These worked Park good line that guess not were what shipments, shipment singularly running, they it. our So know the quite always got get the of over timing zero. do. I wars is effective I side hurt get the our to $XXX,XXX. need Luck bit. issues a the not the ultimately unfortunate as focus, with and product. Bottom Every of we

sheet I cash balance a that [ they once Let's every Park's called or good key go this slide recommendation. was of was investors, XX. and thought we our recommended ] quarter. cash I by history. on dividend it cover to one

do we So that.

long-term We tax million We think. June there $X.X zero and remaining payments is of I from securities installment marketable through of just relates you transition have end payable debt. of I remind the at end still QX. reported to to though in have the cash million repatriation, 'XX. This of QX $XX.X

was QX. in June 'XX, is that's So million not in a of reflected in made QX, payment $X.X but June

million $X.X fiscal -- dividend paid $X.X $X.X without ever go they a dividends about dividend reported of consecutive a since chump paid skipping and or right, a $X.X I say. upon that's of next there's Park's lot see, cash has it's reducing -- in whatever. in as of Park QX so is -- about always share big cash. a that's a 'XX. My $XXX uninterrupted we June the like company, a the So But $XX.XXX amount. to money payable beginning of years Not cash, million, per a we of lot cash comment or In year. All total dividends Probably paid based little bold, company think. hell dividend, $XXX million million million, we let's Park. regular for cash would change, million XX

of a - -- we we lot River materials, Firejet we for material, 'XX, Launcher, Let's that for go [ the ], structures are customers, components, GE you're features. Global on aircraft that's Middle a use X to feature top year materials the slide XX. -- the something regular Avio Fiscal engine. for We ARJXX chose for got of primary one Vega QX's COMAC the our the obviously relates we surprised to are relates feature for that Kratos Bombardier probably Sikorsky, aircraft that. structures. relates reversers. Nordam, MRAS, for to a the MRAS. the see not Kratos Business those to and are Lifeport which to materials Passport unmanned thrust structural in or different interiors. can XXXX primary aircraft, materials XX nacelles for That's materials -- bladed engine Jet. for structures that

lot to go I won't this. spend XX. slide time a of on let's on So

noncommercial. chart We'll -- commercial point little on middle, new ones we in I lower. more think more because only storm, we because the out on. MRAS my cover QX, the the thing the The I of that's than commercial Sorry, later a chart. business, as is business lost guess lost that ratio, a I'd is your And

was always Let's the project. to Niche X slide should mention military the is go I latest Park [indiscernible]. on XX. aerospace top programs. This

bladed are is themselves, and Boeing structures; a material interesting. These aircraft Short-Range Harrier this So McDonnell surprising for surprisingly, the we the materials about Osprey, not II program, structures. materials, making month bladed new -- what are not The Multi-Target Douglas Air XX And let's SkyKnight talking shipment Missile. aircraft this we're programs see first materials, here. Aster program. Defense our in This system, the for

but for So news. concerned. as Nozzles, itself, even niche that's to Park, niche a you pie market those as is aircraft say, Rocket be as The far markets good always structures, chart we are us, for Radomes, military, consider military Drones,

Let's go XX. on to slide

we're again talked more lot an of recognized it's last it chain an think, becoming about becoming we and of because as why a we issue, quarter, it's doing supply Now more issue.

chain us again, Whenever to be don't you it we all us, behind away. That to back go adds over some we're find that So challenges, just want behind didn't not Supply additional challenges chain 'XX. we back it didn't they're that they're going We go information. us. in hear supply 'XX. -- we would behind in hear

I think Then things hear be we in past 'XX. did. the in of 'XX, we would challenges

Avolon including we QX stuff. issues heard just 'XX will is leaders, I presentation of GE since industry the or recent This supply by calls. statements end at and Aerospace really That's that. There aerospace earnings that chain new persist longer. think are our

order supply new not blade Another are all Are a making building Why turbine turbine Have What's chain new wouldn't they chain issues? blade the resolved. Safran to just causing really they facility been away? fundamentally is item, workforce in supply since increase them? issues production about? issues go it. What workforce is

can and the all you great and all equipment factories everything the else. have So

need You going get operate to produce not be products to you're stuff you the able not trained to only people people produce. this to but

there supply chain So to -- issues. leads the supply which the goes

a workforce story, not working, slide but We that not X.X to industry new are experienced pandemic. unemployment able are not so is brilliant. presentation, employees hear really. to of a not the is of whom beginning laid on They the men go the many left new was bodied aerospace of this at With here's the highly not happening? hindsight, The XX. industry. of new that millions Let's Why in that benefit off is thing. bad, million full forever. that the are Plus,

is employee, Many come employees regard. by but back, do that the What learned over apparently not you a that? come mean was back. probably very the Really It and never industry in aerospace As situation. you alone of many by Aerospace one not manufacturing intuitive. it's enigmatic. Park to not know, be years, sad quirky laid needs off Park laid off experienced have

quirky not You long manufacturing. intuitively, them time. employees very with have aerospace figure out have it the is town XX days? That's to a smartest to years some in put thing. [indiscernible] like rhetorical over cases. in a it you in going long, or It's just of They're just not not guy period bear, town, experience good learn you It's employees a replacing What reality have of difficult because that's question. with such that XX a Aerospace stuff

on to guess one and insulting. I his for pandemic of It's is what slide materials, they working that very with the every going basic, know with I'm go like, wasn't well. the the who not is experience. Let's see what experience. that left people, XX People is? was, day look don't just to, an meeting what very about to Not no very, just but that? were years How it just of probably very, but like problem And probably not OEM pretty. mean I wow, had basic. had it they that them these XX. of -- in the you are were and industry, was I out? talking shocked smart talking during Engineering, to basic they was we we Head he's it testing I see guys some customers procedures our composite so say

taking below. impacting the for reallocating these Airbus that what supply missiles? challenges to you don't missiles introductions missiles like from a I and -- up program? by of kind it, which the program mean [indiscernible] or ongoing of you this These has an really industry? -- What as Patriot countries recently aerospace recent revealing about them signed Patriot Have we'll new We're announcement, give the example How for was challenges read for away are that What's are their U.S. Defense the Ukraine. discussion. to get sales ramp-ups call program have to evidenced it that chain to know U.S. discuss So government military government them. we, [indiscernible]. We're were Patriot

produce not wants including? Maybe are limitations. European are who we maybe lots we missile don't because we're including and Korea, we and we systems Taiwan our of are Now, restrictions government because Why Israel, okay, these them? everybody it just said, well, Japan, not of Well, more doing countries. Why doing why supply of that? chain

enemies, give any Where there will Of to to ways but are manage going preference of not course, them industry and be. but Park? At energy. very strategically we'd some there, who going? solution is chain major short demand. to to the there to carrying in is it I'm them. I might meeting with falling better don't chain supply Yeah, go now, there that give this But is suppliers wants planning, supply the we all countries. and We inventory mean have consuming longer thoughts These Patriot it. give does not be. challenges through be more about everybody these our to our approved threw site? but Is for lead and might time demand [indiscernible] to What Park, providing times. challenge us found they issues, missiles

quarter. These supplies and OEMs in chain some issues just two we like mentioned, let's of programs. Slide on change gears are our impacted a Importantly, impact to the that specific they time chain here. part supply unrelated are spend these and lot have chain cover examples constraints relate supply that our chain. it won't issues these negatively slide just into supply every don't XX, We by program's supply because the negatively being to we cases, this

of part we we used Programs, business, I -- the Jet carved quarter. a made we GE So give just showed important to GE every you think such change; Aviation. Engine Park's so Aerospace, to an be Aerospace GE perspective

Aerospace these MRAS, is the X, MRAS when XXXX. GE X GE Engineering X, I firm programs, programs under sub we sold did don't explain know, basics 'XX requirements remember, programs, then are on into to Aerostructure but pricing what Aerospace happen? Well, Aerospace. goes ST in these contract they're a 'XX past, we of it's Systems, January MRAS this programs. of was but still I and years the Middle way, And mentioned I Aerospace, River we ago, Engineering, and from By GE pricing got LTA, LTA, a this, some GE this our the don't how about? up Just this X, with sub ST always All think a

So Redundant about going We that's composite this Nice first Factory. engine we're in the need Boeing Redundant looks go picture of built itself, a background, And quarter. size cover XXX, talk we on a Factory for materials programs. he? XX. We source not perspective on the sole guy love don't program. in Nacelles, picture the see these slide We're [indiscernible] you pretty every on We to this to production. into Let's of he doesn't the to item. the get small, go Legendary

engines. item, program for That's materials. an that something second The Containment using could GEXX our Wrap important be for Park AFP

requested qualification Well, to and and mean and to added Life MRS LTA. Agreement they're STE, in relate is is Program Park? progress. lot. forms, Adhesive Program been our item in Agreement they've What the Life of third also Film The product the to a by probably of fourth agreement

be all that's a that have have it, saying now. we the the of you if about these going is we're of STE programs, Although we that and intention MRAS have personal ones agreement it an it are although or in we're right is my requested and whether ask these on opinion progress. I that Program programs guess to not, it's still they Agreement, in Life

XX. to slide on Aerospace Engine go Update GE Programs. Jet Let's

this XX AXXX a is That's on during maintaining know aerospace, key they annual updating Big that intention XX is aircraft a And quarter I point many reiterated month, here so deliveries per intended meeting 'XX. call, Airbus airplanes, one 'XX. huge this their rate and of in down this first aerospace, that the investor to per Everyone if double achieve X,XXX. commercial is a guess. first recent lot of that aircraft Neo-family just you a The airplanes. month Kahuna, that's sorry, We're number backlog. That's family. XXX, just has

to we have it. Let's XX. go to go slide on And through don't

about then guess of Airbus supply a the interest upon but of chain Just XX of And first for to based first the in the little which the the constraints already limitations. 'XX, 'XX. 'XX, is month, be months would year. not a at Clearly, if of X is more, Airbus a history I little bit rates. huge, exceeded per delivery finally in pre-pandemic significantly. similar months point this huge 'XX, backlog not rate X

Let's go on to slide XX.

news. on XXXX. the Pratt and the the CFM Airbus availability related to was case, as chain the Here's the its it highlighted this on the the that family family issues limitation. mean that case, the Airbus highlight? Supply surprising surprisingly, did is from delivery engines its as a chain XX say not surprising? Because Airbus surprisingly big Why what XX, AXXX and achieving that XX just to of rate that to I limitations the is the weeks the key goal but from aircraft for both aircraft corporate. would main Then right, ago, pushing the reason few announced pushout. is June rate But were 'XX 'XX. And supply 'XX is 'XX, what was engine engines

maybe then think maybe like materials, engines. maybe But anymore, good. it anymore, with And good electronics limitations, engines a and couple thing. I about not was so years they was wonderful. of engines, engines, I it? and castings was with forgot engines don't a is were the We're semiconductors with That the limitation. forgings, remember. I said, what other go year ago, everything It not engines good wait, was ago, new we're one

Airbus or the further commented gliders. problem. weeks that So in recent engine main about recent engines what Airbus with We're significantly happened? talking availability up end integrated to will as back weeks -- that

engine in also we're You what have the a these Airbus [ gliders. They're going that ramp commented engine story gliders and ] is the to situation in the means? go that expecting. know sitting to new airplanes that not

this wow, kind So shocking. of one has blinded Airbus side of really

provide AXXXneo maybe Airbus. What we and runway ever with Airbus target setback target embarrassment than without Just little the and for new realistic its is believe Airbus push-out be will a It's target. very, further. per this month upset per embarrassed month they're push-outs. know target guess committed will they're for or more not But about it maybe new just push us. very target, speak push-out delays additional achieve our a of achieve disappointment And committed a I to that leeway by certainly to probably mean and more is XX push more to XX any opinion. very going I target out be to I out And it. I the my and little think this very, can't

go What family? PWXXXXG know, the that -- Let's the engine. We're you AXXXneo So And no the second is the engines. have supply content slide engine, on We the into Pratt for on XX. Pratt not using LEAP-XA that. the Pratt on on to item. AXXXneo we on we engine, engines recovered about CFM Pratt Park the aircraft as aircraft

share when. of worth later confidence market Airbus you engines can X,XXX mean bullet on. Aircraft Aero of According that don't for just CFM the something slide What's AXXX I firm we lots at at Family XX. per -- per That have share of LEAP-XA of the will XX translates Engine LEAP-XA as 'XX AXXXneo get Third orders rate LEAP-XA's News, XX.X% At to Park? Well, look month, know of engine of into we item. news this aircraft edition believe We year. there. of is May juggernaut late-breaking July delivery I the that market have family to a XX.X%

according to juicy. X,XXX are a engine LEAP-XA very to currently this, firm Aero listen -- There are that's current. Engine News, orders. That's Here's

all to They're There's going orders well. CFM, they're those to to it. no engines. more engines. going make all But about they're get So going make those as doubt

does look at to estimate I don't I you back what $X.XX going juggernaut to Park? mean maybe the have mean, So that -- to billion. the slide,

So feel I produced. we it fortunate 'XX. matter don't our And that whether Those produced. 'XX, what are key on so will so qualified will engines a engines That's we that about Those a engines. perspective, numbers really also engines those 'XX, be Those be that's know, the ours. thing. thing does much from it's were so Park's

we that it can with can't But And us, about And quarter produced Park don't materials. is. really key tell and we hung a don't can thing produced we know. that. get just know, been the So bit. is will something you what on We've engines we those little guess pretty to up we be open

today XXX different a LEAP of aircraft but XX. of COMAC rate LEAP-XC go CFM. that kind just important call engine, per LEAP achieve a production a by XXX engine, they in its another days very to to is of plans for the This program They've aircraft The to article Pudong, it COMAC made 'XX. Family. lines meter soon. the the is AXXXneo a orders saw over facility important potential COMAC. -- within XXX,XXX XXX, before Airbus for X,XXX for China, I an pretty get received that is program sounds XXX a according of 'XX. near Park. Aircraft potentially reported really XXX production that's a Shanghai. -- expected which year expanding variant aircraft on just square this, is that expects COMAC purification And to slide Let's AXXXXLR, service enter end Park. This coming

is get of and which program. That's XXX major of [indiscernible] confident --- engines, what bit This not at who type. in a impressed. XXX closely, They China. of do. they're So a for I of with quite him a key with That's city doing. they very China. do usually facility build what rate worked in quite executives you sky And weeks couple very, course, know is of they I have the I this I a MRAS afterwards, guy don't met was a just little It's just visited maybe to skeptic and like year, airplanes if that ago guess they more. one he that what will experience per

the So big see, for really XXX airplanes. of we XXX juggernaut, changing get -- as to potential program That's we're when is XXX a you a important -- the number that's engines, this upon based obviously, Park. really from

CFM time it, item just single-aisle, Airbus [indiscernible], the upgraded expecting XX right, over So came deliveries now a XX,XXX their press just to years, saw next airplane mention I maybe this XX-year matter XX,XXX you rates their CFM CFM one slice other no XXX you, aircraft want programs. maybe wide-bodies how is has the production to They're not. But forecast. and after so I today get up it's airplanes. What that that's driving whole to means family the these use these that LEAP aircraft AXXX Airbus up exciting a programs to to both two COMAC buses. of that engine, CFM support very lot really

Let's hope they do that.

Let's go to Boeing with on slide XXXX, to be certified year. XX, Boeing the GEXX engines. that next expects

it a Friday, a for to a this program inspection thinking serious some can I focus be because everything to a a if airplane people Airbus. conducted capability. To those encouraging the leader anything Boeing, the that brand really important they're they're check and following it's authorization down breaking has it for out the XXXX. hope its where program program, second leader. Here's their for like and Boeing last concerned do a in criteria a And a potential key nobody not item, received is sort me, XXXX develop to the payload even long on news. It's opportunity problems just first it MAX, for the test like is nothing not I'm they time. get it. We this, I -- leader, is that's terms they're two to sure new, range because of are want could FAA. for such long, Park. I'm the TIA-type still this that's I'm flight like That's the with and big the that like nothing There's if because from This doesn't trying the just bog Even really long, to are something XXXX deal certification an Boeing -- really issue program

leader it's for time chance long, this a to a wonderful has Park And forward. be Boeing a program So a aircraft. long, real it with for long if goes

on XX. go slide to Let's

what's Okay. million We GE program aerospace only in every of QX. see jet new, $X this sales slide quarter,

the that's our million. you number when was Why that? was So we $X.X we Because told our that did storm, -- and before QX forecast have all we booked.

booked. So only We shipped we had $X million. X points

because What we million for and $X.X not million QX? did shipped storm. was $X.XX get booked. to of that basically forecasting are So $X.XX that's million booked the

happen. given I'm something you to need you telling sales to for any will more -- We're numbers. it little the we get it's just those year. mean a a do doesn't doing booked that We've new year. forecast So

we this, We we we what haven't a was felt. and agonized we're done year forecast, we But million, a trying I for Mark for to while. figure we the we is quite be you And and with can issues, the heroes. of be what uncertainties of do lot The lot ability, best a risk, think our will happen. out $XX wanted we tell over that the number this didn't don't lot that. happen. you, what can something give will to we this to $XX of not is what you of a We We're weekend think over this low million to saying tell think remember, a us to do you best the you. this we giving doing

go to XX. slide on Let's

QX, always supply CXB chain, $X.X to end because where QX, about and about large forecast issues, we million, just the it's million to the the fabric we you the that we that. -- stuff. we're at $X.X But little quarter, go want QX, OEMs, we'll million quarter $XX.X terms for million at low, of markup. kind didn't at in $XX.X forecasting small know fabric, of what EBITDA that's sales some of through of this a of sell that And for the about pretty shipment booked. We talking of we end lose so doesn't got So I quickly $X.X them buy to million. a in sales international Remember, talked you but $XX.X the when and be million. remember, QX ship

low margins. So very

when actually quite attractive. the make then them, for margins material product the use that actually are we -- Now to we

So just and go has on annual something of done the and weekend doing we're XX. agonized haven't another to thing, forecast. Again, the recently kind slide let's I Mark, over given we you

sales look pretty I because the Let's it's history think at first interesting.

we week, 'XX, You million to $XX the million, million to going year, think an it's million know funny you $XX last almost nobody do per why million question, $XX asked I know. before. What million just interesting year, -- 'XX an growing looks we per over talked started the don't which $XX and me million, or million, $XX well, that. ever $XX $XX because It now after Very where investor, we $XX is were question year. I I like per looks do said, pandemic? asked stopped interesting you like think me don't

know that million laid to let in -- and million the I all or the really hypothetical. pandemic $XXX is in we where chain all the the back so at we screwed recover malaise. -- industry fired things $XX in not then go But all guess. so of with Park, 'XX, badly to way. you over, rewrite just probably that pandemic reacting because The struggling best supply to I extrapolate, responding, these If go pandemic see issues hired, never but fired, be history. we we sorry, creating people of 'XX,'XX not we out we're off, the created we of these maybe people the we're not in getting 'XX we'd it's So could XXXX pandemic still here, can't by

so criticism blame sign of frightening, a high was pandemic they saying reaction. so because can't not way reacting people was it's the the Now bit really But we probably for did. with of it [indiscernible] time not that scary a

we But supply and chain at aerospace tell best but be progression. wonderful there's again, else. affecting what not uncertainty. at and that three-year EBITDA. to look the this elevated, you So we a we will million, to limitations things the we $XX million doing provide could Airbus, you everything talked be looking what that we of $XX heroes we top about on line you $XX you and to industry. Yes. a Important doing in being when also, we We actually we're just giving target is the forecast that the a with $XX of some number risk per in the with can much low happen, presentation. cited so here, when taking gives we're But were think airplanes XX issues push-out announced Airbus million And chickened And and the again, month. that out we chain for bottom, million 'XX, supply forecast

Next basis. the up on affect we before makes less bottom going one, And not temporary juggernaut. a cost to company but That's it sales. profitable affects for line, ramping the that up the ramp cost line, because top our honestly,

Let's go to on slide XX.

Okay.

been we Jet the but Aerospace the It stopped can't timing What's GE the we've Our and several for is juggernaut ready. better not Programs, sure, still talking outlook for outlook, juggernaut, the we're quarters. be revenue Engine be about -- this coming.

going So be we opinion, programs. don't Park time wonderful programs, you and thing, tell we qualified to these spent one a know. But hit, in talking lot so, sole-source so, is fortunate so my I to just quarters in will what of about wonderful these

and will very they programs when on so these moon? But and to lucky are the So go -- don't want to these very fortunate programs be we're be to are We the on programs. you these know.

know not what that I'm other programs mention, about. but maybe talking probably in you won't So we

Let's to go XX. on slide

juggernaut. the is Here

things highlight. here. changes of couple I to of want a couple Just a Well,

First of AXXXneo. all,

we So month. airplanes LEAP using that that's XX per for XX% market X,XXX look at share engine, number. That using means

a two share. airplanes engines. was year times X.X. your can meaning That's market That's you a your math, That's head, the XX.XX. XXX XX% do in do times X,XXX Just that

update we're going the and But like time every page to X,XXX. Now we do so earlier we revise that in well, just it's XX%, just and said, use don't a really have presentation, to not to presentation. we it's this X,XXX XX.X%, translates

market that percentage that percentage month, every share Just change. to going is

a be made trying not Somebody really. I was comment to conservative. No, that

go slide Just XXX different. now the the to I noticed assumption is had that be also that units, the share we units. the to didn't in market we CXXX, get of going every want to having every XXX Engine we Aero this recorder, process update through News because change from month,

airplanes COMAC year On engines, in but that XX, that 'XX. I we obviously just we XX 'XX spares. change both the the to per XX report ARJXX, out and that include That's recent saw what, delivered point and didn't does a want

may up that now. We're point. doing not we some number So at that move

recovery on we effort maintenance Thank you and to Okay? this storm cleanup guys. slide group Park maintenance go crew. leading And our if Park XX, then for effort. Great

it's totally probably worked storm as recovery and mentioned it because them. representative clean-up. looking on the this out hourly figure at can But also just I really that is all we You not people earlier, the say

there them. we'd Okay, the operator, happy be that If concludes questions, any take the are to review presentation. of

Park Aerospace (PKE) 16 Jul 242025 Q1 Earnings call transcript