Company Quick10K Filing
Park Electrochemical
10-K 2020-03-01 Filed 2020-05-14
10-Q 2019-12-01 Filed 2020-01-10
10-Q 2019-09-01 Filed 2019-10-11
10-Q 2019-06-02 Filed 2019-07-11
10-K 2019-03-03 Filed 2019-05-20
10-Q 2018-11-25 Filed 2019-01-04
10-Q 2018-08-26 Filed 2018-10-05
10-Q 2018-05-27 Filed 2018-06-28
10-K 2018-02-25 Filed 2018-05-11
10-Q 2017-11-26 Filed 2018-01-05
10-Q 2017-08-27 Filed 2017-10-06
10-Q 2017-05-28 Filed 2017-07-07
10-K 2017-02-26 Filed 2017-05-12
10-Q 2016-11-27 Filed 2017-01-06
10-Q 2016-08-28 Filed 2016-10-07
10-Q 2016-05-29 Filed 2016-07-08
10-K 2016-02-28 Filed 2016-05-13
10-Q 2015-11-29 Filed 2016-01-08
10-Q 2015-08-30 Filed 2015-10-09
10-Q 2015-05-31 Filed 2015-07-09
10-K 2015-03-01 Filed 2015-05-15
10-Q 2014-11-30 Filed 2015-01-09
10-Q 2014-08-31 Filed 2014-10-09
10-Q 2014-06-01 Filed 2014-07-11
10-K 2014-03-02 Filed 2014-05-16
10-Q 2013-12-01 Filed 2014-01-10
10-Q 2013-09-01 Filed 2013-10-11
10-Q 2013-06-02 Filed 2013-07-11
10-K 2013-03-03 Filed 2013-05-16
10-Q 2012-11-25 Filed 2013-01-04
10-Q 2012-08-26 Filed 2012-10-04
10-Q 2012-05-27 Filed 2012-07-06
10-K 2012-02-26 Filed 2012-05-10
10-Q 2011-11-27 Filed 2012-01-05
10-Q 2011-08-28 Filed 2011-10-06
10-Q 2011-05-29 Filed 2011-07-07
10-K 2011-02-27 Filed 2011-05-12
10-Q 2010-11-28 Filed 2011-01-06
10-Q 2010-08-29 Filed 2010-10-07
10-Q 2010-05-30 Filed 2010-07-08
10-K 2010-02-28 Filed 2010-05-14
10-Q 2009-11-29 Filed 2010-01-07
8-K 2020-05-14 Earnings, Exhibits
8-K 2020-04-01 Other Events, Exhibits
8-K 2020-02-28
8-K 2020-01-09 Earnings, Officers, Exhibits
8-K 2019-10-10 Earnings, Exhibits
8-K 2019-07-16 Amend Bylaw, Amend Bylaw, Amend Bylaw, Shareholder Vote, Regulation FD, Exhibits
8-K 2019-07-11 Earnings, Exhibits
8-K 2019-05-17 Earnings, Exhibits
8-K 2019-04-26 Officers, Exhibits
8-K 2019-01-03 Earnings, Other Events, Exhibits
8-K 2018-12-04 Leave Agreement, M&A, Officers, Regulation FD, Exhibits
8-K 2018-10-04 Earnings
8-K 2018-07-25 Enter Agreement, Regulation FD, Exhibits
8-K 2018-07-24 Officers, Shareholder Vote, Exhibits
8-K 2018-06-22 Exhibits
8-K 2018-05-07 Earnings, Exhibits
8-K 2018-02-02 Officers, Exhibits
8-K 2018-01-09 Other Events
8-K 2018-01-03 Leave Agreement, Earnings, Other Events, Exhibits

Park Electrochemical Financials

PKE Metrics, Comps, Filings

Quarterly | Annual

Business

Park Electrochemical Corp. (“Park”), through its subsidiaries (unless the context otherwise requires, Park and its subsidiaries are hereinafter called the “Company”), is an aerospace company which develops and manufactures solution and hot-melt advanced composite materials used to produce composite structures for the global aerospace markets. Park's advanced composite materials include film adhesives (undergoing qualification) and lightning strike materials. Park offers an array of composite materials specifically designed for hand lay-up or automated fiber placement (AFP) manufacturing applications. Park's advanced composite materials are used to produce primary and secondary structures for jet engines, large and regional transport aircraft, military aircraft, Unmanned Aerial Vehicles (UAVs commonly referred to as “drones”), business jets, general aviation aircraft and rotary wing aircraft. Park also offers specialty ablative materials for rocket motors and nozzles and specially designed materials for radome applications. As a complement to Park's advanced composite materials offering, Park designs and fabricates composite parts, structures and assemblies and low volume tooling for the aerospace industry. Target markets for Park's composite parts and structures (which include Park's patented composite Sigma Strut and Alpha Strut product lines) are, among others, prototype and development aircraft, special mission aircraft, spares for legacy military and civilian aircraft and exotic spacecraft. Park's core capabilities are in the areas of polymer chemistry formulation and coating technology.

On December 4, 2018, Park completed the previously announced sale of its digital and radio frequency/microwave printed circuit materials business (collectively, the “Electronics Business”), including manufacturing facilities in Singapore, France, California and Arizona and R&D facilities in Singapore and Arizona, to AGC Inc. for an aggregate purchase price of $145 million in cash, subject to post-closing adjustments for changes in working capital compared to the target net working capital, excluding cash in certain acquired subsidiaries and certain accrued and unpaid taxes of certain acquired subsidiaries. Therefore, the results of operations for the Electronics Business are reported as discontinued operations. Continuing operations discussed below refer to Park's aerospace business unless otherwise indicated, and prior periods in such discussion have been restated to reflect results excluding the Electronics Business. See Note 13, “Discontinued Operations”, of the Notes to Consolidated Financial Statements elsewhere in this Report for additional information on the sale.

The Company's manufacturing and research and development facilities are located in Kansas. The Company also maintains dormant facilities in California and Singapore.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Equity

Income Statement ($MM Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($MM Quarterly)

Ops, Inv, Fin

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
COHU (COHU) 588,852 36% -18.1 -10% 1,071,609 579,856 611,955 217,673 -109,046 -43,746 793,884
Vishay Precision Group (VPG) 469,033 41% 10.1 6% 344,758 108,107 291,798 118,266 21,873 38,582 391,406
Powell Industries (POWL) 453,377 17% 13.7 2% 467,411 168,258 517,180 86,976 9,890 24,596 335,938
Control4 (CTRL) 439,549 51% 22.3 4% 257,357 53,508 201,247 102,755 10,381 18,838 419,457
Park Electrochemical (PKE) 389,359 32% 3.1 61% 183,529 22,726 58,185 18,804 112,399 117,379 364,128
Kimball Electronics (KE) 383,367 8% 4.7 4% 739,895 370,642 1,229,609 92,413 33,087 69,506 328,016
Allied Motion Technologies (AMOT) 345,408 29% 21.4 0% 308,242 194,446 377,055 107,684 0 21,164 453,316
Intricon (IIN) 199,875 27% -108.4 -4% 115,680 26,375 86,338 23,739 -4,545 -1,763 191,187
Sparton (SPA) 178,304 21% 7.4 1% 224,722 149,236 389,118 80,385 2,466 23,779 176,919
Transcat (TRNS) 170,111 25% 13.0 7% 115,005 52,349 169,519 41,588 8,326 14,922 193,853
Frequency Electronics (FEIM) 102,375 21% -12.5 -9% 91,949 33,781 47,998 10,268 -8,182 -7,977 99,769
Nano Dimension (NNDM) 99,041 0% 20,303 4,731 0 0 0 0 95,288
SMTC (SMTX) 78,562 9% 9.0 -3% 209,218 169,355 282,267 26,527 -6,991 12,398 112,115
RF Industries (RFIL) 77,359 28% 12.5 9% 37,700 6,167 55,325 15,638 3,521 5,201 64,819
IEC Electronics (IEC) 73,732 14% 11.0 4% 110,832 79,592 156,981 21,644 4,747 9,502 104,282
Blink Charging (BLNK) 68,017 24% -9.2 -45% 14,861 4,796 2,058 490 -6,754 -6,544 60,030
inTEST (INTT) 57,884 49% 10.5 1% 61,305 16,536 65,481 31,764 806 4,734 49,859
Pioneer Power Solutions (PPSI) 49,761 14% 5.0 22% 39,976 25,442 35,628 4,876 8,616 7,226 36,252
Data I/O (DAIO) 32,844 59% 136.9 -2% 28,079 6,645 15,700 9,271 -691 129 17,666
Wireless Telecom Group (WTT) 30,459 44% 66.7 -3% 42,094 10,767 49,443 21,949 -1,367 460 30,701

Balance Sheet ($'000)2011-08-282011-11-272012-02-262012-05-272012-08-262012-11-252013-03-032013-06-022013-09-012013-12-012014-03-022014-06-012014-08-312014-11-302015-03-012015-05-312015-08-302015-11-292016-02-282016-05-292016-08-282016-11-272017-02-262017-05-282017-08-272017-11-262018-02-252018-05-272018-08-262018-11-252019-03-032019-06-022019-09-01
Cash149,772137,649129,503128,588128,363152,943186,117189,083109,935291,300133,150135,096114,439150,256141,53861,55989,37976,73597,757106,860103,438106,474102,43847,31330,19130,59218,25416,63720,85416,99571,00749,96725,231
Accounts Receivable28,00027,66623,53327,51127,97525,05725,87826,65225,53222,85222,88128,45122,86920,97521,43121,52321,92120,09322,58318,42018,36916,01317,23817,70521,18216,46119,76221,2965,8785,8649,3528,9198,855
Inventory14,80816,18315,82318,40415,72515,89912,91814,29714,29914,63313,87115,07715,15714,19714,43914,53314,05012,64110,21412,00011,74912,58711,10510,90811,91911,44911,15612,6393,9944,5775,2675,2404,626
PP&E41,10540,43038,69537,95633,44532,995171,46731,75630,82130,154172,82428,79628,12927,362172,60423,82123,03022,257170,05820,74319,96919,333169,51817,94717,61617,117166,40015,8309,1118,88870,14812,28412,311
Assets363,379366,735365,988371,867366,769369,418369,658375,671380,504382,143377,093389,486391,650388,812350,682330,807330,146325,924314,777317,003313,246310,044308,578307,706308,144301,347169,023169,456173,096177,939188,851189,675183,529
Accounts Payable8,60210,6528,4279,2556,5436,3316,4857,4196,3956,2246,1099,3007,9244,6226,8825,9048,3155,5986,1556,8384,9364,6924,1833,6195,4443,4244,0254,4861,0911,7093,1691,9711,819
Long-Term Debt52,00052,000104,000104,000104,000104,00094,00091,50089,00086,50075,00074,25073,50072,75072,00071,25070,25069,2500
Liabilities25,68425,73422,77725,28020,27719,96169,73672,23770,77068,601176,550182,503179,988177,014169,083155,387154,321147,808133,910134,942130,865127,887125,752125,454127,037122,16133,76232,83734,89937,82829,84029,58522,726
Stockholders' Equity337,695341,001343,211346,587346,492349,457299,922303,434309,734313,542200,543206,983211,662211,798181,599175,420175,825178,116180,867182,061182,381182,157182,826182,252181,107179,186135,261136,619138,197140,111159,011160,090160,803
Income Statement ($'000)2011-08-282011-11-272012-02-262012-05-272012-08-262012-11-252013-03-032013-06-022013-09-012013-12-012014-03-022014-06-012014-08-312014-11-302015-03-012015-05-312015-08-302015-11-292016-02-282016-05-292016-08-282016-11-272017-02-262017-05-282017-08-272017-11-262018-02-252018-05-272018-08-262018-11-252019-03-032019-06-022019-09-01
Revenue50,44947,31243,67646,04646,43041,26542,67543,43844,49739,67838,15148,81742,34934,67936,24137,82937,94734,32335,75631,49029,05826,46227,59927,41729,83626,13927,80431,10211,21112,85316,65914,95013,723
Cost of Revenue35,91334,31632,43533,07033,23128,72530,84030,44730,87628,64027,70131,88830,17826,08124,98626,46227,58624,02625,02922,70321,82419,82820,21321,09522,65920,06920,91422,5948,0668,56910,75610,1469,910
Gross Profit14,53612,99611,24112,97613,19912,54011,83512,99113,62111,03810,45016,92912,1718,59811,25511,36710,36110,29710,7278,7877,2346,6347,3866,3227,1776,0706,8908,5083,1454,2845,9034,8043,813
R&D
SG&A6,9026,9916,8047,0566,6566,3656,5836,5566,0416,1066,4656,5966,2525,7545,7715,8015,0095,2645,1375,3375,1104,6044,6884,7274,4434,7975,4044,8192,1161,9832,7681,9221,914
Tax1,7582,6472391,1741,3761,049-1321,2032,2632,200-3,8531,6447473831811,31065363861747515512960301,5341,540-1,0342,442-1106161,3381,116710
Net Income7,6705,3793,1514,9333,2464,7104,0724,9298,0454,721-60,0248,2164,9552,0314,8414,7774,5694,1094,5742,9501,9811,8752,4771,39452071617,9653,1682,7003,691103,9862,5872,135
Cash Flow ($'000)2011-08-282011-11-272012-02-262012-05-272012-08-262012-11-252013-03-032013-06-022013-09-012013-12-012014-03-022014-06-012014-08-312014-11-302015-03-012015-05-312015-08-302015-11-292016-02-282016-05-292016-08-282016-11-272017-02-262017-05-282017-08-272017-11-262018-02-252018-05-272018-08-262018-11-252019-03-032019-06-022019-09-01
Cash Operating7,8328,6762,3803,9316,9476,0766,3696,5969,7107,7079,3398,8112,8118,050-5,8187,7994,8057,1628,4151,8492,5012,550-1,048-1,638-2593,741-3,4132,775-3,623
Cash Investing-17,741-15,793-1,255-2,06619,70428,564-1,877-83,90210,93824,166-5,263-29,01135,5334,222-35,50826,925-13,35413,9203,4813,847-3,651-54,909-13,267110,1935941,882159,439-21,710-19,357
Cash Financing-2,075-978-2,048-1,952-2,173-1,605-2,035-1,835-1,395-27,271-2,012-587-2,200-21,149-38,999-6,980-4,5251,009-2,773-2,773-2,773-2,767-2,991-121,928-1,976-1,448-100,104-1,978-1,756