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Park Aerospace Expects Full Manufacturing Lines Recovery in Three Weeks After Storm Damage
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Park Aerospace Expects Full Manufacturing Lines Recovery in Three Weeks After Storm Damage
May 22, 2024 9:13 AM

11:58 AM EDT, 05/22/2024 (MT Newswires) -- Park Aerospace ( PKE ) said Wednesday its Newton, Kansas manufacturing facilities were damaged by a strong storm on Sunday and multiple heating ventilation and air conditioning units were destroyed.

The company is working with several contractors to fully assess the damage and the remediation options, Park Aerospace ( PKE ) added.

All manufacturing lines will fully return to service in three weeks, according to the company.

The company said it does not expect to lose any business or sales due to the damage but an unknown amount of sales will slip from fiscal Q1 to Q2.

Price: 14.27, Change: -0.20, Percent Change: -1.39

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