Park Aerospace Corp. Reports First Quarter Results
Park Aerospace (NYSE:PKE) reported 2027 fiscal first quarter results for the period ended May 31, 2026.
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
Details
Market reaction after 1Q27 earnings report: PKE +7.35% in the Jul 21 session
In the Jul 21 session, PKE gained 7.35%, reflecting a notable positive market reaction. Argus tracked a peak move of +11.1% during that session. Argus tracked a trough of -4.0% from its starting point during tracking. Our momentum scanner triggered 17 alerts that day, indicating notable trading interest and price volatility. Trading volume was very high at 3.1x the daily average, suggesting strong buying interest.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
- Net Sales
- $18,312,000
- Fiscal 2027 first quarter; versus $15,400,000 prior-year quarter and $24,187,000 prior quarter
- Net Earnings
- $3,533,000
- Fiscal 2027 first quarter; versus $2,080,000 prior-year quarter and $3,838,000 prior quarter
- Adjusted EBITDA
- $4,576,000
- Fiscal 2027 first quarter; versus $2,963,000 prior-year quarter and $5,171,000 prior quarter
- Diluted EPS
- $0.17
- Fiscal 2027 first quarter; versus $0.10 prior-year quarter and $0.19 prior quarter
- Gross Profit Margin
- 34.8%
- Fiscal 2027 first quarter; versus 30.6% prior-year quarter and 28.7% prior quarter
- Cash and Marketable Securities
- $89,407,000
- Balance as of May 31, 2026
- Total Assets
- $144,354,000
- Balance as of May 31, 2026
- Equity per Share
- $6.27
- Balance-sheet measure as of May 31, 2026
Previous Earnings Reports
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Higher sales, earnings, EPS, and Adjusted EBITDA compared with the prior year
-
Higher earnings and margin offset by lower sales and a negative price reaction
-
Year-over-year growth in sales, earnings, EPS, EBITDA, and gross margin
-
Lower quarterly and annual earnings despite higher sales and Adjusted EBITDA
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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.
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 |
