Park Electrochemical Corp. (NYSE:PKE) Q4 2018 Earnings Conference Call - Preliminary Transcript

May 07, 2018 • 11:00 am ET

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Park Electrochemical Corp. (NYSE:PKE) Q4 2018 Earnings Conference Call - Preliminary Transcript

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Q & A
Operator
Operator

Certainly. (Operator Instructions) Our first question is from Sean Hannan of Needham & Company. Your line is open.

Analyst
Sean Hannan

Yes, thanks good morning and thanks for taking the question here. Just on to the follow up on Brian. In terms of some of the color you had provided around aerospace a little bit earlier, just trying to understand some of these programs are all effectively included in some of the general numbers that you posted outlines that (technical difficulty) for that aerospace side? So just trying to figure out is it included in that. And to what extent are there other programs that you're currently working on or close with that could otherwise be incremental to that. It's really just for perspectives to understand that some of the activity and the degree of the momentum that you have there, so I think it's pretty substantial. Thank.

Executive
Brian Shore

Okay. Thanks. So the lightning strike is included in that forecast. Can you talk about some forecast that was in the presentation that we gave during our January 4th conference call, Sean?

Analyst
Sean Hannan

Correct.

Executive
Brian Shore

Okay. So the lightning strike that we just announced commercialized is in that forecast. That other product that I mentioned that should be in production by the end of the year. That's in the forecast. The third product I mentioned or is it MOU, we're just entering working with MRAS on now, and that's probably a three-year project, that revenue is not included in the forecast.

Analyst
Sean Hannan

Okay. That's very helpful. And then when think about the current efforts today in new business development, working in terms of design wins et cetera, can you characterize a little bit of what you're seeing today or is there noticeable change in momentum that you're observing over the last few months of the quarter at all of how would otherwise generally characterize that?

Executive
Brian Shore

Are you asking about aerospace or electronics?

Analyst
Sean Hannan

Aerospace.

Executive
Brian Shore

No. I don't think there's any major change. I think the momentum is quite strong. I think it has been for a while. Of course the way it works is that, the investors see it when there's an event report, but usually there's maybe year or two leading up to that event. So the things that we're talking about now that didn't just happen over the last couple of months, these things have been progress for a while. So fortunately they are tracking pretty nicely in terms of schedule. The first two and the second one is just getting start on that one. But I don't know. I guess the only other comment I would make is this. So these are major qualifications we're talking about, major programs with GE and that I'd make this comment before but I'll make it again.

That gives the company tremendous credibility. We're not really considered an outsider anymore. Maybe even a few years ago, some of our competitors were laughing at us, but they're not laughing anymore, that's for sure. So I think what happens is that it's not