Park Aerospace Corp. Reports Second Quarter Results

Park Aerospace Corp. Reports Second Quarter Results Park Aerospace Corp. Reports Second Quarter Results GlobeNewswire October 08, 2026

NEWTON, Kan., Oct. 08, 2026 (GLOBE NEWSWIRE) -- Park Aerospace Corp. (NYSE-PKE) reported results for the 2027 fiscal year second quarter ended August 30, 2026. The Company will conduct a conference call to discuss its financial results and other matters at 5:00 p.m. EDT today. A live audio webcast of the event, along with presentation materials, will be available at https://edge.media-server.com/mmc/p/46uayvtm at 5:00 p.m. EDT today. The presentation materials will also be available at approximately 4:15 p.m. EDT today at https://parkaerospace.com/shareholders/investor-conference-calls/ and on the Company’s website at www.parkaerospace.com under “Investor Conference Calls” on the “Shareholders” page.

Park reported net sales of $20,791,000 for the 2027 fiscal year second quarter ended August 30, 2026 compared to $16,381,000 for the 2026 fiscal year second quarter ended August 31, 2025 and $18,312,000 for the 2027 fiscal year first quarter ended May 31, 2026. Park’s net sales for the six months ended August 30, 2026 were $39,103,000 compared to $31,781,000 for the six months ended August 31, 2025.

Net earnings for the 2027 fiscal year second quarter were $4,534,000 compared to $2,404,000 for the 2026 fiscal year second quarter and $3,533,000 for the 2027 fiscal year first quarter. Net earnings were $8,067,000 for the current year’s first six months compared to $4,484,000 for last year’s first six months.

Adjusted EBITDA for the 2027 fiscal year second quarter was $5,285,000 compared to $3,401,000 for the 2026 fiscal year second quarter and $4,576,000 for the 2027 fiscal year first quarter. Adjusted EBITDA for the current fiscal year’s first six months was $9,861,000 compared to $6,364,000 for last fiscal year’s first six months.

Park reported basic and diluted earnings per share of $0.21 for the 2027 fiscal year second quarter compared to $0.12 for the 2026 fiscal year second quarter and $0.17 for the 2027 fiscal year first quarter.

Park reported basic and diluted earnings per share of $0.38 and $0.37, respectively, for the 2027 fiscal year’s first six months compared to $0.23 and $0.22, respectively, for the 2026 fiscal year’s first six months.

The Company will conduct a conference call to discuss its financial results at 5:00 p.m. EDT today. Forward-looking and other material information may be discussed in this conference call. The conference call dial-in number is (877) 407-3982 in the United States and Canada, and (201) 493-6780 in other countries. The required passcode for attendance by phone is 13762990.

For those unable to listen to the call live, a conference call replay will be available from approximately 8:00 p.m. EDT today through 11:59 p.m. EDT on Thursday, October 15, 2026. The conference call replay will be available at https://edge.media-server.com/mmc/p/46uayvtm and on the Company’s website at www.parkaerospace.com under “Investor Conference Calls” on the “Shareholders” page. It can also be accessed by dialing (844) 512-2921 in the United States and Canada, and (412) 317-6671 in other countries. The required passcode for accessing the replay by phone is 13762990.

Any additional material financial or statistical data disclosed in the conference call, including the investor presentation, will also be available at the time of the conference call on the Company's website at
https://parkaerospace.com/shareholders/investor-conference-calls/.

Park believes that an evaluation of its ongoing operations would be difficult if the disclosure of its operating results were limited to accounting principles generally accepted in the United States of America (“GAAP”) financial measures. Accordingly, in addition to disclosing its operating results determined in accordance with GAAP, Park discloses a non-GAAP measure, Adjusted EBITDA, in order to assist its shareholders and other readers in assessing the Company’s operating performance. The detailed operating information presented below includes a reconciliation of GAAP pre-tax earnings to Adjusted EBITDA. This non-GAAP financial measure is provided to supplement the results provided in accordance with GAAP.

Park Aerospace Corp. develops and manufactures solution and hot-melt advanced composite materials used to produce composite structures for the global aerospace markets. Park’s advanced composite materials include film adhesives (Aeroadhere®) and lightning strike protection materials (Electroglide®). Park offers an array of composite materials specifically designed for hand lay-up or automated fiber placement (AFP) manufacturing applications. Park’s advanced composite materials are used to produce primary and secondary structures for jet engines, large and regional transport aircraft, military aircraft, Unmanned Aerial Vehicles (UAVs commonly referred to as “drones”), business jets, general aviation aircraft and rotary wing aircraft. Park also offers specialty ablative materials for rocket motors and nozzles and specially designed materials for radome applications. As a complement to Park’s advanced composite materials offering, Park designs and fabricates composite parts, structures and assemblies and low volume tooling for the aerospace industry. Target markets for Park’s composite parts and structures (which include Park’s proprietary composite SigmaStrut™ and AlphaStrut™ product lines) are, among others, prototype and development aircraft, special mission aircraft, spares for legacy military and civilian aircraft and exotic spacecraft. Park’s objective is to do what others are either unwilling or unable to do. When nobody else wants to do it because it is too difficult, too small or too annoying, sign us up.

Additional corporate information is available on the Company’s website at www.parkaerospace.com

 
Performance table (in thousands, except per share amounts –unaudited):
              
 13 Weeks Ended  13 Weeks Ended  13 Weeks Ended 26 Weeks Ended
        
 August 30,
2026
  August 31,
2025
  May 31,
2026
 August 30,
2026
  August 31,
2025
 
Sales per US GAAP$20,791  $16,381  $18,312 $39,103  $31,781 
              
Net Earnings$4,534  $2,404  $3,533 $8,067  $4,484 
              
Basic Earnings per Share:             
Basic Earnings per Share$0.21  $0.12  $0.17 $0.38  $0.23 
              
Diluted Earnings per Share:             
Diluted Earnings per Share$0.21  $0.12  $0.17 $0.37  $0.22 
              
Weighted Average Shares Outstanding:             
Basic 21,733   19,875   20,878  21,306   19,897 
Diluted 21,920   19,986   21,228  21,574   19,977 



 
Condensed comparative balance sheets (in thousands - unaudited):
     
 August 30,
2026
 March 1,
2026
 
Assets(unaudited)   
     
Current Assets    
       
Cash and Marketable Securities$114,749 $89,368 
Accounts Receivable, Net 14,834  10,974 
Inventories 8,963  7,411 
Prepaid Expenses and Other Current Assets 1,390  918 
Total Current Assets 139,936  108,671 
     
Fixed Assets, Net 21,359  21,828 
Operating Right-of-use Assets 230  256 
Other Assets 13,558  11,473 
Total Assets$175,083 $142,228 
     
Liabilities and Shareholders' Equity    
Current Liabilities    
Accounts Payable$3,605 $3,681 
Accrued Liabilities 1,668  1,598 
Operating Lease Liability 46  44 
Income Taxes Payable 833  634 
Total Current Liabilities 6,152  5,957 
     
Long-term Operating Lease Liability 250  273 
Deferred Income Taxes 5,909  6,009 
Other Liabilities 40  39 
Total Liabilities 12,351  12,278 
     
Shareholders’ Equity 162,732  129,950 
     
Total Liabilities and Shareholders' Equity$175,083 $142,228 
     
Additional information    
Equity per Share$ 7.39 $ 6.22 


              
Condensed comparative statements of operations (in thousands – unaudited):
              
 13 Weeks
Ended
  13 Weeks
Ended
  13 Weeks
Ended
  26 Weeks Ended
              
 August 30,
2026
  August 31,
2025
  May 31,
2026
  August 30,
2026
  August 31,
2025
              
Net Sales$20,791   $16,381   $18,312   $39,103   $31,781 
              
Cost of Sales 13,656    11,265    11,936    25,592    21,947 
              
Gross Profit 7,135    5,116    6,376    13,511    9,834 
% of net sales 34.3%   31.2%   34.8%   34.6%   30.9%
              
Selling, General & Administrative Expenses 2,403    2,271    2,361    4,764    4,570 
% of net sales 11.6%   13.9%   12.9%   12.2%   14.4%
              
Earnings from Operations 4,732    2,845    4,015    8,747    5,264 
              
              
Interest and Other Income 839    390    786    1,625    745 
              
Earnings from Operations before Income Taxes 5,571    3,235    4,801    10,372    6,009 
              
Income Tax Provision 1,037    831    1,268    2,305    1,525 
Net Earnings$4,534   $2,404   $3,533   $8,067   $4,484 
% of net sales 21.8%   14.7%   19.3%   20.6%   14.1%
              
Basic Earnings per Share$0.21   $0.12   $0.17   $0.38   $0.23 
Diluted Earnings per Share$0.21   $0.12   $0.17   $0.37   $0.22 


 
Reconciliation of non-GAAP financial measures (in thousands – unaudited):
              
Reconciliation of GAAP Net Earnings to Adjusted EBITDA
              
 13 Weeks
Ended
  13 Weeks
Ended
  13 Weeks
Ended
  26 Weeks
Ended
  26 Weeks
Ended
              
 August 30,
2026
  August 31,
2025
  May 31,
2026
  August 30,
2026
  August 31,
2025
GAAP Net Earnings$4,534   $2,404   $3,533   $8,067   $4,484 
Adjustments:             
Income Tax Provision 1,037    831    1,268    2,305    1,525 
Interest and Other Income (839)   (390)   (786)   (1,625)   (745)
Depreciation 469    455    469    938    911 
Stock Option Expense 84    101    92    176    189 
Adjusted EBITDA$5,285   $3,401   $4,576   $9,861   $6,364 
              


Contact: Donna D’Amico-Annitto486 North Oliver Road, Bldg. Z
Newton, Kansas 67114
(316) 283-6500



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