Park Aerospace Corp. Reports Second Quarter Results

First-half diluted earnings per share rose to $0.37 from $0.22 despite higher weighted-average diluted shares.

Rhea-AI Summary

Park Aerospace (PKE) reported fiscal 2027 second-quarter net earnings of $4.534 million, higher than both the prior-year quarter and preceding quarter. For the quarter ended August 30, 2026, sales were $20.791 million versus $16.381 million a year earlier and $18.312 million in the first quarter. Basic and diluted earnings per share were $0.21, compared with $0.12 and $0.17, respectively, for those comparison quarters.

Gross margin was 34.3%, up from 31.2% a year earlier but below the first quarter's 34.8%. Adjusted EBITDA, a non-GAAP earnings measure, rose to $5.285 million from $3.401 million a year earlier. First-half sales reached $39.103 million and net earnings reached $8.067 million, versus $31.781 million and $4.484 million a year earlier. Cash and marketable securities totaled $114.749 million, compared with $89.368 million at March 1, 2026.

19 points · 0 major

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0 major · 8 points

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Positive

• Moderate pointSecond-quarter sales reached $20.791 million, versus $16.381 million a year earlier and $18.312 million in Q1.
• Moderate pointSecond-quarter net earnings reached $4.534 million, versus $2.404 million a year earlier and $3.533 million in Q1.
• Moderate pointSecond-quarter gross margin was 34.3%, versus 31.2% a year earlier but 34.8% in Q1.
• Moderate pointSecond-quarter adjusted EBITDA rose to $5.285 million, versus $3.401 million a year earlier and $4.576 million in Q1.
• Moderate pointCash and marketable securities rose to $114.749 million at August 30, 2026, from $89.368 million at March 1.

14 minor points

• Minor pointSecond-quarter basic and diluted EPS rose to $0.21, versus $0.12 a year earlier and $0.17 in Q1.
• Minor pointSecond-quarter operating earnings rose to $4.732 million, versus $2.845 million a year earlier and $4.015 million in Q1.
• Minor pointSecond-quarter net earnings margin rose to 21.8%, versus 14.7% a year earlier and 19.3% in Q1.
• Minor pointSecond-quarter interest and other income rose to $839,000, versus $390,000 a year earlier and $786,000 in Q1.
• Minor pointFirst-half sales rose to $39.103 million, from $31.781 million a year earlier.
• Minor pointFirst-half net earnings rose to $8.067 million, from $4.484 million a year earlier.
• Minor pointFirst-half basic/diluted EPS rose to $0.38/$0.37, from $0.23/$0.22 a year earlier.
• Minor pointFirst-half operating earnings rose to $8.747 million, from $5.264 million a year earlier.
• Minor pointFirst-half gross margin rose to 34.6%, from 30.9% a year earlier.
• Minor pointFirst-half net earnings margin rose to 20.6%, from 14.1% a year earlier.
• Minor pointFirst-half adjusted EBITDA rose to $9.861 million, from $6.364 million a year earlier.
• Minor pointFirst-half interest and other income rose to $1.625 million, from $745,000 a year earlier.
• Minor pointShareholders' equity rose to $162.732 million at August 30, 2026, from $129.950 million at March 1.
• Minor pointEquity per share rose to $7.39 at August 30, 2026, from $6.22 at March 1.

Negative

• Moderate pointSecond-quarter weighted-average diluted shares rose to 21.920 million, versus 19.986 million a year earlier and 21.228 million in Q1.
• Minor pointSecond-quarter cost of sales rose to $13.656 million, versus $11.265 million a year earlier and $11.936 million in Q1.
• Minor pointFirst-half cost of sales rose to $25.592 million, from $21.947 million a year earlier.
• Minor pointSecond-quarter selling, general and administrative expenses rose to $2.403 million, versus $2.271 million a year earlier and $2.361 million in Q1.
• Minor pointFirst-half selling, general and administrative expenses rose to $4.764 million, from $4.570 million a year earlier.

3 minor points

• Minor pointSecond-quarter tax provision was $1.037 million, versus $831,000 a year earlier but $1.268 million in Q1.
• Minor pointFirst-half tax provision rose to $2.305 million, from $1.525 million a year earlier.
• Minor pointFirst-half weighted-average diluted shares rose to 21.574 million, from 19.977 million a year earlier.

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Market Reaction – PKE

$29.00 – $31.50 Day Range

$670.15M Market Cap

On Oct 8, the day this news came out, the latest delayed price for PKE is 3.88% above the previous close. Our momentum scanner has recorded 17 alerts for this stock so far that day. The latest delayed price is $30.81. Relative volume is very high at 3.9x the average.

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Key Figures

Net sales: $20.791 million Net earnings: $4.534 million Adjusted EBITDA: $5.285 million +1 more

Net sales

$20.791 million

FY2027 second quarter; compared with $16.381 million in FY2026 second quarter

Net earnings

$4.534 million

FY2027 second quarter; compared with $2.404 million in FY2026 second quarter

Adjusted EBITDA

$5.285 million

FY2027 second quarter; compared with $3.401 million in FY2026 second quarter

Diluted earnings per share

$0.21

FY2027 second quarter; compared with $0.12 in FY2026 second quarter

Previous Earnings Reports

1 past event · Latest: Jul 20

Same Type 1 event

1. Jul 20

   Q1 FY2027 earnings

   24h Move

   +7.3%

   First-quarter FY2027 sales, earnings and adjusted EBITDA rose year over year; gross margin was 34.8%.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

adjusted ebitda, gaap, non-gaap

3 terms

adjusted ebitda financial

"Adjusted EBITDA for the 2027 fiscal year second quarter was $5,285,000"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

gaap financial

"determined in accordance with GAAP"

GAAP, or Generally Accepted Accounting Principles, are a set of standardized rules and guidelines that companies follow when preparing their financial statements. They ensure consistency, transparency, and comparability across different companies, making it easier for investors to understand and compare financial information accurately. This helps investors make informed decisions based on trustworthy and uniform financial reports.

View in glossary

non-gaap financial

"Park discloses a non-GAAP measure, Adjusted EBITDA"

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

View in glossary

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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-Annitto

486 North Oliver Road, Bldg. Z Newton, Kansas 67114 (316) 283-6500

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Park Aerospace's fiscal 2027 second-quarter sales and earnings?

Park Aerospace reported sales of $20.791 million and net earnings of $4.534 million for the quarter ended August 30, 2026. A year earlier, sales were $16.381 million and net earnings were $2.404 million. Basic and diluted earnings per share increased to $0.21 from $0.12.

How did Park Aerospace's fiscal 2027 first-half earnings compare with the prior year?

First-half net earnings increased to $8.067 million from $4.484 million a year earlier. Sales rose to $39.103 million from $31.781 million. Basic earnings per share increased to $0.38 from $0.23, while diluted earnings per share increased to $0.37 from $0.22.

How does Park Aerospace reconcile second-quarter adjusted EBITDA to GAAP earnings?

Park Aerospace's $5.285 million adjusted EBITDA starts with $4.534 million in GAAP net earnings, adds the $1.037 million income tax provision, $469,000 depreciation and $84,000 stock option expense, and subtracts $839,000 interest and other income. Adjusted EBITDA supplements, rather than replaces, GAAP results.