- There are clear signs that Park Aerospace's business has come through the Covid challenge and returned to a scale similar to 2019 in terms of sales and EBITDA.
- The company generates 45% of total sales from supplying the GE LEAP engine program; the spinning out of GE Aviation on its own may make it a more cyclical counter-party.
- It is unclear if Park is any closer to an opportunity to deploy its $110 million in cash; management has been disciplined, but needs to move sooner rather than later.
For further details see:
Park Aerospace: A Lot To Like, But Not Enough Clarity