Park Electrochemical Corp. (NYSE:PKE) Q3 2020 Earnings Conference Call - Final Transcript

Jan 09, 2020 • 11:00 am ET


Park Electrochemical Corp. (NYSE:PKE) Q3 2020 Earnings Conference Call - Final Transcript


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Good morning, my name is Sherrie and I'll be your conference operator today. At this time, I would like to welcome everyone to the Park Aerospace Corp. Third Quarter Fiscal Year 2020 Earnings Release Conference Call and Investor Presentation. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session.

[Operator Instructions]

Thank you. At this time, I will turn today's call over to Mr. Brian Shore, Chairman and Chief Executive Officer, Mr. Shore, you may begin your conference.

Brian Shore

Thank you, operator. Good morning, everybody. This is Brian. I'm with Matt Farabaugh of course, our CFO, as usual, and welcome to our third quarter conference call. Also, Happy New Year to all. So I want to tell you, mention to you that we have a presentation has been posted on our website and it's also on a live webcast. It really will be good for you to get it up on your screen or your iPhone because we're going to be going through that, it will make the call lot more be for you if you don't have it up already. And there are instructions in Paragraph 2 of the earnings release as to how to access the presentation if you haven't done that already.

I also want to mention that there is some supplemental financial information, which is attached to the presentation as Appendix I. So you may want to check that out at some point. And a couple of other just introductory comments before we get started with the presentation. So then I don't cover the same things each call, while we try to cover things that we think are meaningful interesting and relevant, but let us know what you think, let us know if there are other things you like us to cover during these calls. So, these calls are for you. We're not here to promote or hype up for our company. These calls are for you and not for us, so just let us know what you think. Is there anything else you'd like us to cover, any other focus you like us to consider? Let us know. This is your time, not our time. So we'll go ahead now and go through the presentation. Matt and I will do that for you. And then at the end of the presentation, probably take over half hour, just want to warn you so brace yourself, then we'll be happy to take questions. All right. So why don't we just skip over to Page 2 of the presentation. That's our forward-looking disclaimer disclaimer language, so just let us know if you have any questions about that later on. And Matt will take over for a few minutes to cover Slides 3 and 4. So, go ahead, Matt. The ball is in your court.

P. Matthew Farabaugh

Okay. Thanks, Brian. On January 8, the Board of Directors declared a special dividend of $1 per share payable to our shareholders, payable on