Park Aerospace Corp. Reports First Quarter Results
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.
- 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
- 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
What's particularly impressive is the company's bottom-line performance. Net earnings more than doubled year-over-year to
Margin improvement stands out as a key strength. Gross profit margin expanded to
The balance sheet remains solid with
Park's Adjusted EBITDA increased to
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
Net earnings before special items for the 2026 fiscal year first quarter were
Adjusted EBITDA for the 2026 fiscal year first quarter was
During the 2026 fiscal year first quarter, the Company had no special items. During the 2025 fiscal year first quarter, the Company recorded a
Park reported basic and diluted earnings per share of
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 | |||||||
