Park Aerospace Corp. (NYSE:PKE) Q2 2024 Earnings Call Transcript

We run our business for Park’s future, for the long term, not for the next quarter. That kind of commitment is maybe what you call enlightened self-interest, I think that’s a term where people realize, for us to have the future, we need to make money for owners every quarter. If you’re an owner, you want people – make money for you. But what do we mean here? We run a business for the Park’s future. In other words, we’re hiring people or hire people in advance. So we’re ready for the Juggernaut and we won’t get overrun. So in other words, they’re not running for the quarter, they’re running for the future. And our intermediate plan is to increase our Park people count to 143 people. So let’s see what happens with that. At Park we’re so very fortunate and blessed to have a great Park people we have.

At Park, our people have been playing for – play for keeps. And we now have on our 70th year of playing for keeps. And our tradition is, we always feature some group or crew from Park. This is our Aerospace Composite Structures crew. So really emphasizing this because we’re looking at significant structures and assembly program opportunities we’re working on right now. So this crew is very important. We’re already due it a little bit. This is also a very great group because they do other things. They do ITAR work. I can’t explain that to you, that’s – I’m not the one to do that. They are in the Customer Flex Programs, so they can do two or three other jobs. So very wonderful to have people like this. Anyway, operator, and everybody else, thanks for listening.

That concludes our presentation. We are ready to take any questions that might be out there.

Operator: Great. Thank you. We will now be conducting a question-and-answer session. [Operator Instructions] All right, Brian. I am not seeing any question at this time. I would like to turn the floor back over to you for closing comments.

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Brian Shore: Okay. Well, this is Brian again. Thank you very much, operator. Thank you all for listening in. Feel free to give Matt or me a call if you have any follow-up questions. And you have a good day, and we’ll talk to you again soon. Take care. Bye.

Operator: Thank you. This concludes today’s teleconference. You may disconnect your lines at this time. Thank you for your participation.