Park Aerospace Corp. Reports First Quarter Results
Rhea-AI Summary
Park Aerospace (NYSE:PKE) reported 2027 fiscal first quarter results for the period ended May 31, 2026. Net sales were $18.3 million, up from $15.4 million in the 2026 fiscal first quarter, but down from $24.2 million in the 2026 fiscal fourth quarter. Net earnings were $3.5 million versus $2.1 million a year earlier and $3.8 million in the prior quarter, with basic and diluted EPS of $0.17 compared with $0.10 a year ago and $0.19 last quarter.
Adjusted EBITDA was $4.6 million, versus $3.0 million in the prior-year first quarter and $5.2 million in the fourth quarter; no special items affected these periods. Gross margin was 34.8%, above both comparison periods. Park ended the quarter with $89.4 million in cash and marketable securities, total assets of $144.4 million, shareholders’ equity of $131.0 million, and equity per share of $6.27.
Positive
- Net sales growth year over year to $18.3M from $15.4M
- Net earnings increase year over year to $3.5M from $2.1M
- Adjusted EBITDA up year over year to $4.6M from $3.0M
- Gross margin expansion to 34.8% from 30.6% year over year
- Strong liquidity with $89.4M cash and marketable securities
- Equity per share increase to $6.27 from $6.22 sequentially
Negative
- Sequential sales decline to $18.3M from $24.2M in prior quarter
- Adjusted EBITDA down sequentially to $4.6M from $5.2M
Market reaction: PKE +8.27% on 1Q27 earnings report
Following this news, PKE has gained 8.27%, reflecting a notable positive market reaction. Argus tracked a peak move of +7.3% during the session. Our momentum scanner has triggered 6 alerts so far, indicating moderate trading interest and price volatility. The stock is currently trading at $35.36. This price movement has added approximately $52M to the company's valuation.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jan 13 | Third-quarter earnings | Positive | +9.6% | Higher sales, earnings, EPS, and Adjusted EBITDA compared with the prior year |
| Oct 09 | Second-quarter earnings | Neutral | -5.3% | Higher earnings and margin offset by lower sales and a negative price reaction |
| Jul 15 | First-quarter earnings | Positive | +11.5% | Year-over-year growth in sales, earnings, EPS, EBITDA, and gross margin |
| May 15 | Fourth-quarter earnings | Negative | +1.2% | Lower quarterly and annual earnings despite higher sales and Adjusted EBITDA |
| Jan 14 | Third-quarter earnings | Positive | +1.6% | Higher quarterly sales and earnings, with mixed nine-month results |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Tag-specific earnings reactions were mixed: three of five events aligned with the reported operating results, while two diverged.
Key Terms
gaap financial
adjusted ebitda financial
non-gaap measure financial
automated fiber placement technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEWTON, Kan., July 20, 2026 (GLOBE NEWSWIRE) -- Park Aerospace Corp. (NYSE-PKE) reported results for the 2027 fiscal year first quarter ended May 31, 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/e9q3pu9z 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
Adjusted EBITDA for the 2027 fiscal year first quarter was
During the 2027 fiscal year first quarter, the 2026 fiscal year first quarter and the 2026 fiscal year fourth quarter the Company had no special items.
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 13761820.
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 Monday, July 27, 2026. The conference call replay will be available at https://edge.media-server.com/mmc/p/e9q3pu9z 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 13761820.
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 | |||||||||||
| May 31, 2026 | June 1, 2025 | March 1, 2026 | |||||||||||
| Sales | $ | 18,312 | $ | 15,400 | $ | 24,187 | |||||||
| Net Earnings | $ | 3,533 | $ | 2,080 | $ | 3,838 | |||||||
| Basic Earnings per Share: | |||||||||||||
| Basic Earnings per Share | $ | 0.17 | $ | 0.10 | $ | 0.19 | |||||||
| Diluted Earnings per Share: | |||||||||||||
| Diluted Earnings per Share | $ | 0.17 | $ | 0.10 | $ | 0.19 | |||||||
| Weighted Average Shares Outstanding: | |||||||||||||
| Basic | 20,878 | 19,919 | 20,166 | ||||||||||
| Diluted | 21,228 | 19,968 | 20,418 | ||||||||||
Comparative balance sheets (in thousands - unaudited):
| May 31, 2026 | March 1, 2026 | |||||
| Assets | (unaudited) | |||||
| Current Assets | ||||||
| Cash and Marketable Securities | $ | 89,407 | $ | 89,368 | ||
| Accounts Receivable, Net | 10,842 | 10,974 | ||||
| Inventories | 7,801 | 7,411 | ||||
| Prepaid Expenses and Other Current Assets | 1,000 | 918 | ||||
| Total Current Assets | 109,050 | 108,671 | ||||
| Fixed Assets, Net | 21,472 | 21,828 | ||||
| Operating Right-of-use Assets | 243 | 256 | ||||
| Other Assets | 13,589 | 11,473 | ||||
| Total Assets | $ | 144,354 | $ | 142,228 | ||
| Liabilities and Shareholders' Equity | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $ | 3,504 | $ | 3,681 | ||
| Accrued Liabilities | 1,792 | 1,598 | ||||
| Operating Lease Liability | 45 | 44 | ||||
| Income Taxes Payable | 1,790 | 634 | ||||
| Total Current Liabilities | 7,131 | 5,957 | ||||
| Long-term Operating Lease Liability | 262 | 273 | ||||
| Deferred Income Taxes | 5,926 | 6,009 | ||||
| Other Liabilities | 40 | 39 | ||||
| Total Liabilities | 13,359 | 12,278 | ||||
| Shareholders’ Equity | 130,995 | 129,950 | ||||
| Total Liabilities and Shareholders' Equity | $ | 144,354 | $ | 142,228 | ||
| Additional information | ||||||
| Equity per Share | $ | 6.27 | $ | 6.22 | ||
Comparative statements of operations (in thousands – unaudited):
| 13 Weeks Ended | 13 Weeks Ended | 13 Weeks Ended | |||||||||||
| May 31, 2026 | June 1, 2025 | March 1, 2026 | |||||||||||
| Net Sales | $ | 18,312 | $ | 15,400 | $ | 24,187 | |||||||
| Cost of Sales | 11,936 | 10,682 | 17,252 | ||||||||||
| Gross Profit | 6,376 | 4,718 | 6,935 | ||||||||||
| % of net sales | 34.8 | % | 30.6 | % | 28.7 | % | |||||||
| Selling, General & Administrative Expenses | 2,361 | 2,299 | 2,343 | ||||||||||
| % of net sales | 12.9 | % | 14.9 | % | 9.7 | % | |||||||
| Earnings from Operations | 4,015 | 2,419 | 4,592 | ||||||||||
| Interest and Other Income: | |||||||||||||
| Interest and Other Income | 786 | 355 | 455 | ||||||||||
| Earnings from Operations before Income Taxes | 4,801 | 2,774 | 5,047 | ||||||||||
| Income Tax Provision | 1,268 | 694 | 1,209 | ||||||||||
| Net Earnings | $ | 3,533 | $ | 2,080 | $ | 3,838 | |||||||
| % of net sales | 19.3 | % | 13.5 | % | 15.9 | % | |||||||
Reconciliation of non-GAAP financial measure (in thousands – unaudited):
| 13 Weeks Ended | 13 Weeks Ended | 13 Weeks Ended | |||||||||||
| May 31, 2026 | June 1, 2025 | March 1, 2026 | |||||||||||
| GAAP Net Earnings | $ | 3,533 | $ | 2,080 | $ | 3,838 | |||||||
| Adjustments: | |||||||||||||
| Income Tax Provision | 1,268 | 694 | 1,209 | ||||||||||
| Interest and Other Income | (786 | ) | (355 | ) | (455 | ) | |||||||
| Depreciation | 469 | 456 | 472 | ||||||||||
| Stock Option Expense | 92 | 88 | 107 | ||||||||||
| Adjusted EBITDA | $ | 4,576 | $ | 2,963 | $ | 5,171 | |||||||
| Contact: Donna D’Amico-Annitto | 486 North Oliver Road, Bldg. Z |
| Newton, Kansas 67114 | |
| (316) 283-6500 |
