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Park Aerospace Corp. Reports First Quarter Results

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Park Aerospace Corp. (NYSE:PKE) reported its fiscal year 2026 first quarter results with notable growth in key metrics. The company achieved net sales of $15.4 million, up from $14.0 million in the same quarter last year. Net earnings significantly improved to $2.08 million ($0.10 per share), compared to $993,000 ($0.05 per share) in Q1 FY2025.

The company demonstrated strong operational performance with an Adjusted EBITDA of $2.96 million, up from $2.61 million year-over-year. Gross profit margin improved to 30.6% of net sales, while maintaining a healthy balance sheet with $65.57 million in cash and marketable securities.

Park Aerospace Corp. (NYSE:PKE) ha comunicato i risultati del primo trimestre dell'anno fiscale 2026, mostrando una crescita significativa nei principali indicatori. L'azienda ha raggiunto vendite nette per 15,4 milioni di dollari, in aumento rispetto ai 14,0 milioni di dollari dello stesso trimestre dell'anno precedente. Gli utili netti sono migliorati notevolmente, attestandosi a 2,08 milioni di dollari (0,10 dollari per azione), rispetto ai 993.000 dollari (0,05 dollari per azione) del primo trimestre dell'anno fiscale 2025.

L'azienda ha mostrato una solida performance operativa con un EBITDA rettificato di 2,96 milioni di dollari, in crescita rispetto ai 2,61 milioni dell'anno precedente. Il margine lordo è migliorato raggiungendo il 30,6% delle vendite nette, mantenendo inoltre un bilancio solido con 65,57 milioni di dollari in liquidità e titoli negoziabili.

Park Aerospace Corp. (NYSE:PKE) informó sus resultados del primer trimestre del año fiscal 2026 con un crecimiento notable en métricas clave. La compañía alcanzó ventas netas de 15,4 millones de dólares, frente a los 14,0 millones de dólares del mismo trimestre del año anterior. Las ganancias netas mejoraron significativamente hasta 2,08 millones de dólares (0,10 dólares por acción), en comparación con 993.000 dólares (0,05 dólares por acción) en el primer trimestre del año fiscal 2025.

La empresa demostró un sólido desempeño operativo con un EBITDA ajustado de 2,96 millones de dólares, superior a los 2,61 millones interanuales. El margen bruto mejoró hasta un 30,6% de las ventas netas, manteniendo un balance saludable con 65,57 millones de dólares en efectivo y valores negociables.

Park Aerospace Corp. (NYSE:PKE)는 2026 회계연도 1분기 실적을 발표하며 주요 지표에서 눈에 띄는 성장을 보였습니다. 회사는 순매출 1,540만 달러를 기록했으며, 이는 전년 동기 1,400만 달러에서 증가한 수치입니다. 순이익은 1,040만 달러(주당 0.10달러)로 크게 개선되어 2025 회계연도 1분기의 993,000달러(주당 0.05달러)와 비교됩니다.

회사는 조정 EBITDA 296만 달러를 기록하며 전년 동기 261만 달러에서 상승한 강력한 운영 성과를 보였습니다. 총이익률은 순매출의 30.6%로 개선되었으며, 6,557만 달러의 현금 및 시장성 증권을 보유하며 건전한 재무 상태를 유지하고 있습니다.

Park Aerospace Corp. (NYSE:PKE) a publié ses résultats du premier trimestre de l'exercice 2026, affichant une croissance notable sur les indicateurs clés. La société a réalisé un chiffre d'affaires net de 15,4 millions de dollars, en hausse par rapport à 14,0 millions de dollars au même trimestre l'année précédente. Le bénéfice net a nettement progressé pour atteindre 2,08 millions de dollars (0,10 dollar par action), contre 993 000 dollars (0,05 dollar par action) au T1 de l'exercice 2025.

La société a démontré une solide performance opérationnelle avec un EBITDA ajusté de 2,96 millions de dollars, en hausse par rapport à 2,61 millions d'une année sur l'autre. La marge brute s'est améliorée pour atteindre 30,6% du chiffre d'affaires net, tout en maintenant un bilan sain avec 65,57 millions de dollars en liquidités et titres négociables.

Park Aerospace Corp. (NYSE:PKE) meldete die Ergebnisse des ersten Quartals des Geschäftsjahres 2026 mit bemerkenswertem Wachstum in wichtigen Kennzahlen. Das Unternehmen erzielte Nettoerlöse von 15,4 Millionen US-Dollar, gegenüber 14,0 Millionen US-Dollar im gleichen Quartal des Vorjahres. Der Nettoertrag verbesserte sich deutlich auf 2,08 Millionen US-Dollar (0,10 US-Dollar pro Aktie) im Vergleich zu 993.000 US-Dollar (0,05 US-Dollar pro Aktie) im ersten Quartal des Geschäftsjahres 2025.

Das Unternehmen zeigte eine starke operative Leistung mit einem bereinigten EBITDA von 2,96 Millionen US-Dollar, gegenüber 2,61 Millionen US-Dollar im Vorjahresvergleich. Die Bruttogewinnmarge verbesserte sich auf 30,6% der Nettoerlöse, während die Bilanz mit 65,57 Millionen US-Dollar an liquiden Mitteln und marktfähigen Wertpapieren gesund blieb.

Positive
  • Net earnings increased by 109% year-over-year to $2.08 million
  • Net sales grew 10.2% year-over-year to $15.4 million
  • Gross profit margin improved to 30.6% from 29.3% year-over-year
  • Strong financial position with $65.57 million in cash and marketable securities
  • Adjusted EBITDA increased 13.5% year-over-year to $2.96 million
Negative
  • Sequential revenue decline of 9.1% from Q4 FY2025 ($16.94 million)
  • Sequential decrease in Adjusted EBITDA from $3.42 million in Q4 FY2025
  • Selling, General & Administrative expenses increased to 14.9% of net sales from 14.4% year-over-year

Insights

Park Aerospace's Q1 FY2026 shows solid 10.2% YoY revenue growth and 109.5% earnings growth, driven by stronger margins and operational efficiency.

Park Aerospace delivered revenue of $15.4 million in Q1 FY2026, representing a healthy 10.2% year-over-year increase from $13.97 million in Q1 FY2025. However, sequentially, revenue declined 9.1% from $16.94 million in Q4 FY2025, showing some quarterly volatility in their aerospace materials business.

What's particularly impressive is the company's bottom-line performance. Net earnings more than doubled year-over-year to $2.08 million from $993,000, representing a substantial 109.5% increase. This growth is especially notable considering last year's Q1 included a $1.05 million storm damage charge. Even when comparing to normalized earnings before special items ($1.78 million in Q1 FY2025), Park still achieved 16.8% earnings growth.

Margin improvement stands out as a key strength. Gross profit margin expanded to 30.6% from 29.3% year-over-year, indicating more efficient operations or favorable pricing. Despite SG&A expenses increasing slightly from 14.4% to 14.9% of sales, the company maintained strong profitability with net margin reaching 13.5% compared to 7.1% a year ago.

The balance sheet remains solid with $65.57 million in cash and marketable securities, though this represents a slight decrease from $68.83 million at the end of the previous quarter. The company's equity per share stands at $5.29, providing substantial book value backing compared to the earnings per share of $0.10.

Park's Adjusted EBITDA increased to $2.96 million, up 13.5% from $2.61 million in Q1 FY2025, demonstrating improved operational efficiency. However, this metric declined sequentially from $3.42 million in Q4 FY2025, which aligns with the quarterly revenue pattern.

The year-over-year earnings growth during a period without special items suggests Park is executing well on its core aerospace materials business, though the sequential decline from Q4 bears watching to determine if it's seasonal or indicates softening demand.

NEWTON, Kan., July 15, 2025 (GLOBE NEWSWIRE) -- Park Aerospace Corp. (NYSE-PKE) reported results for the 2026 fiscal year first quarter ended June 1 2025. 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/zjageqqm 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 $15,400,000 for the 2026 fiscal year first quarter ended June 1, 2025 compared to $13,970,000 for the 2025 fiscal year first quarter ended June 2, 2024 and $16,939,000 for the 2025 fiscal year fourth quarter ended March 2, 2025. Net earnings for the 2026 fiscal year first quarter were $2,080,000 compared to $993,000 for the 2025 fiscal year first quarter and $1,246,000 for the 2025 fiscal year fourth quarter.

Net earnings before special items for the 2026 fiscal year first quarter were $2,080,000 compared to $1,781,000 for the 2025 fiscal year first quarter and $2,417,000 for the 2025 fiscal year fourth quarter.

Adjusted EBITDA for the 2026 fiscal year first quarter was $2,963,000 compared to $2,610,000 for the 2025 fiscal year first quarter and $3,418,000 for the 2025 fiscal year fourth quarter.

During the 2026 fiscal year first quarter, the Company had no special items. During the 2025 fiscal year first quarter, the Company recorded a $1,052,000 pre-tax charge related to storm damage to the Company’s facilities in Newton Kansas. During the 2025 fiscal year fourth quarter, the Company recorded a non-cash tax charge of $2,147,000 related to the potential repatriation by the Company of undistributed foreign earnings on certain funds held by the Company’s Singapore subsidiary. The Company also recorded a tax benefit of $957,000 in the 2025 fiscal year fourth quarter related to the “running” or expiration of the statute of limitations for certain provisions for uncertain tax positions previously established by the Company.

Park reported basic and diluted earnings per share of $0.10 for the 2026 fiscal year first quarter compared to $0.05 for the 2025 fiscal year first quarter and $0.06 for the 2025 fiscal year fourth quarter. Basic and diluted earnings per share before special items were $0.10 for the 2026 fiscal year first quarter compared to $0.09 for the 2025 fiscal year first quarter and $0.12 for the 2025 fiscal year fourth quarter.

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 conference ID for attendance by phone is 13754804.

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 Tuesday, July 22, 2025. The conference call replay will be available at https://edge.media-server.com/mmc/p/zjageqqm 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 13754804.

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 web site 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, which include special items, such as a charge related to storm damage, a non-cash tax charge, and reductions in uncertain tax positions. Accordingly, in addition to disclosing its operating results determined in accordance with GAAP, Park discloses non-GAAP measures, including Adjusted EBITDA, and operating results that exclude special items in order to assist its shareholders and other readers in assessing the Company’s operating performance, since the Company’s on-going, normal business operations do not include such special items. The detailed operating information presented below includes a reconciliation of the non-GAAP operating results before special items to earnings determined in accordance with GAAP and a reconciliation of GAAP pre-tax earnings to Adjusted EBITDA. Such non-GAAP financial measures are 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

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

Performance table, including non-GAAP information (in thousands, except per share amounts –unaudited):

 13 Weeks Ended  13 Weeks Ended  13 Weeks Ended
     
 June 1, 2025  June 2, 2024  March 2, 2025
Sales$15,400   $13,970   $16,939 
        
Net Earnings before Special Items1$2,080   $1,781   $2,417 
Special Items, Net of Tax:       
Storm Damage Charge -    (1,052)   - 
Income Tax Effect on Pretax Special Items -    264    19 
Tax Provision on Foreign Earnings -    -    (2,147)
Reduction in Uncertain Tax Positions -    -    957 
        
Net Earnings$2,080   $993   $1,246 
        
Basic Earnings per Share:       
Basic Earnings before Special Items1$0.10   $0.09   $0.12 
Special Items:       
Storm Damage Charge -    (0.05)   - 
Income Tax Effect on Pretax Special Items -    0.01    - 
Tax Provision on Foreign Earnings -    -    (0.11)
Reduction in Uncertain Tax Positions -    -    0.05 
        
Basic Earnings per Share$0.10   $0.05   $0.06 
        
        
        
Diluted Earnings before Special Items1$0.10   $0.09   $0.12 
Special Items:       
Storm Damage Charge -    (0.05)   - 
Income Tax Effect on Pretax Special Items -    0.01    - 
Tax Provision on Foreign Earnings -    -    (0.11)
Reduction in Uncertain Tax Positions -    -    0.05 
        
Diluted Earnings per Share$0.10   $0.05   $0.06 
        
Weighted Average Shares Outstanding:       
Basic 19,919    20,253    19,945 
Diluted 19,968    20,371    20,022 
        
1 Refer to "Reconciliation of non-GAAP financial measures" below for information regarding Special Items.       
        

Comparative balance sheets (in thousands):

 June 1, 2025 March 2, 2025
Assets(unaudited)  
Current Assets   
Cash and Marketable Securities$65,571 $68,834
Accounts Receivable, Net 12,953  12,903
Inventories 6,763  7,213
Prepaid Expenses and Other Current Assets 2,045  1,344
Total Current Assets 87,332  90,294
    
Fixed Assets, Net 21,675  21,650
Operating Right-of-use Assets 295  308
Other Assets 11,416  9,856
Total Assets$120,718 $122,108
    
Liabilities and Shareholders' Equity   
Current Liabilities   
Accounts Payable$1,710 $2,513
Accrued Liabilities 1,613  1,318
Operating Lease Liability 41  40
Income Taxes Payable 6,764  5,390
Total Current Liabilities 10,128  9,261
    
Long-term Operating Lease Liability 307  318
Deferred Income Taxes 5,260  5,304
Other Liabilities 72  71
Total Liabilities 15,767  14,954
    
Shareholders’ Equity 104,951  107,154
    
Total Liabilities and Shareholders' Equity$120,718 $122,108
    
Additional information   
Equity per Share$ 5.29 $ 5.36
    

Comparative statements of operations (in thousands – unaudited):

        
 13 Weeks Ended  13 Weeks Ended  13 Weeks Ended
        
 June 1, 2025  June 2, 2024  March 2, 2025
        
Net Sales$15,400   $13,970   $16,939 
        
Cost of Sales 10,682    9,871    11,981 
        
Gross Profit 4,718    4,099    4,958 
% of net sales 30.6%   29.3%   29.3%
        
Selling, General & Administrative Expenses 2,299    2,017    2,107 
% of net sales 14.9%   14.4%   12.4%
        
Earnings from Operations 2,419    2,082    2,851 
        
Storm Damage Charge -    (1,052)   - 
Interest and Other Income:       
Interest Income 355    339    335 
        
Earnings from Operations before Income Taxes 2,774    1,369    3,186 
        
Income Tax Provision 694    376    1,940 
Net Earnings$2,080   $993   $1,246 
% of net sales 13.5%   7.1%   7.4%
        

Reconciliation of non-GAAP financial measure (in thousands – unaudited):

Reconciliation of Non-GAAP Financial Measures      
        
Reconciliation of GAAP Net Earnings to Adjusted EBITDA     
        
 13 Weeks Ended  13 Weeks Ended  13 Weeks Ended
        
 June 1, 2025  June 2, 2024  March 2, 2025
GAAP Net Earnings$2,080   $993   $1,246 
Adjustments:       
Income Tax Provision 694    376    1,940 
Interest Income (355)   (339)   (335)
Depreciation 456    439    460 
Stock Option Expense 88    89    107 
Special Items:       
Storm Damage Charge -    1,052    - 
Adjusted EBITDA$2,963   $2,610   $3,418 
        

FAQ

What were Park Aerospace's (PKE) earnings per share in Q1 FY2026?

Park Aerospace reported basic and diluted earnings of $0.10 per share for Q1 FY2026, compared to $0.05 per share in Q1 FY2025.

How much revenue did Park Aerospace (PKE) generate in Q1 FY2026?

Park Aerospace generated net sales of $15.4 million in Q1 FY2026, a 10.2% increase from $14.0 million in Q1 FY2025.

What is Park Aerospace's (PKE) current cash position?

As of June 1, 2025, Park Aerospace held $65.57 million in cash and marketable securities, compared to $68.83 million at the end of the previous quarter.

What was Park Aerospace's (PKE) gross profit margin in Q1 FY2026?

Park Aerospace achieved a gross profit margin of 30.6% in Q1 FY2026, an improvement from 29.3% in Q1 FY2025.

How did Park Aerospace's (PKE) Adjusted EBITDA perform in Q1 FY2026?

Park Aerospace's Adjusted EBITDA was $2.96 million in Q1 FY2026, up 13.5% from $2.61 million in Q1 FY2025.
Park Aerospace Corp

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