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Park Aerospace (NYSE: PKE) Q1 2027 net earnings reach $3,533,000

(Moderate)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Park Aerospace Corp. reported 2027 fiscal first-quarter results for the 13 weeks ended May 31, 2026. Net sales were $18,312,000, up from $15,400,000 in the 2026 first quarter and compared with $24,187,000 in the 2026 fourth quarter. Net earnings were $3,533,000 versus $2,080,000 a year earlier and $3,838,000 in the prior quarter, with basic and diluted earnings per share of $0.17 compared with $0.10 and $0.19, respectively. Adjusted EBITDA was $4,576,000, compared with $2,963,000 a year earlier and $5,171,000 in the fourth quarter. Gross profit was $6,376,000, a 34.8% gross margin versus 30.6% a year earlier and 28.7% in the prior quarter, while net earnings represented 19.3% of net sales versus 13.5% and 15.9%.

As of May 31, 2026, total assets were 144,354 (in thousands) versus 142,228 (in thousands) at March 1, 2026. Cash and marketable securities were 89,407 (in thousands), and shareholders’ equity was 130,995 (in thousands), with equity per share of $6.27 versus $6.22 at March 1, 2026. The company also reconciled GAAP net earnings to non-GAAP Adjusted EBITDA.

Park develops and manufactures advanced composite materials and structures for aerospace applications, including film adhesives, lightning strike protection materials, and composite parts. Management scheduled a conference call and webcast on July 20, 2026 at 5:00 p.m. EDT to discuss these results and related matters.

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Filing Explained

The key change is procedural: Park Aerospace furnished its first-quarter results release under Item 2.02, and stated that the information is not deemed filed under Section 18 or incorporated by reference into another filing unless expressly specified.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Net Sales $18,312,000 13 weeks ended May 31, 2026
Net Earnings $3,533,000 13 weeks ended May 31, 2026
Adjusted EBITDA $4,576,000 13 weeks ended May 31, 2026; non-GAAP measure
Basic EPS $0.17 2027 fiscal first quarter
Gross Margin 34.8% Gross profit as a percentage of net sales, May 31, 2026 quarter
Cash and Marketable Securities 89,407 In thousands, as of May 31, 2026
Total Assets 144,354 In thousands, as of May 31, 2026
Equity per Share $6.27 As of May 31, 2026
Adjusted EBITDA financial
"The detailed operating information presented below includes a reconciliation of GAAP pre-tax earnings to Adjusted EBITDA."
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
"in addition to disclosing its operating results determined in accordance with GAAP, Park discloses a non-GAAP measure"
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.
Operating Right-of-use Assets financial
"Operating Right-of-use Assets | 243 | ... | 256"
Operating right-of-use assets are the recorded value of something a company has the legal right to use under a lease—like equipment, office space, or vehicles—without owning it. Investors care because recognizing these assets (and the matching lease liabilities) changes a company’s balance sheet and key metrics such as leverage and operating profit, similar to how renting furniture would still affect your household budget and long-term obligations.
Deferred Income Taxes financial
"Deferred Income Taxes | 5,926 | ... | 6,009"
Deferred income taxes are accounting entries that record taxes a company will owe or reclaim in the future because the company's financial accounting and its tax returns recognize income or expenses at different times. They matter to investors because deferred taxes affect future cash flow and can change a company’s real profit picture—think of them as a postponed tax bill or credit that shifts when and how much cash actually leaves or enters the business.
Stock Option Expense financial
"Stock Option Expense | 92 | ... | 88 | ... | 107"
Stock option expense is the accounting cost a company records when it grants options that let employees buy shares later as part of their pay. It matters to investors because it reduces reported profits and signals potential future share dilution when options are exercised; think of it like recognizing the cost of a company car on the books even if no immediate cash leaves the firm, so you see the full price of compensation.
Unmanned Aerial Vehicles (UAVs) technical
"military aircraft, Unmanned Aerial Vehicles (UAVs commonly referred to as “drones”), business jets"
Unmanned aerial vehicles (UAVs), often called drones, are aircraft operated without a person on board and controlled remotely or autonomously; think of them as motorized, flying robots or remote‑control planes. They matter to investors because they enable new revenue streams and cost savings across industries—such as deliveries, mapping, inspections and surveillance—while also bringing regulatory, safety and liability risks that can affect a company’s growth and profitability.
Net Sales $18,312,000 Compared with $15,400,000 for the 13 weeks ended June 1, 2025 and $24,187,000 for the 13 weeks ended March 1, 2026.
Net Earnings $3,533,000 Compared with $2,080,000 in the prior-year first quarter and $3,838,000 in the 2026 fiscal fourth quarter.
Adjusted EBITDA $4,576,000 Compared with $2,963,000 in the 2026 fiscal first quarter and $5,171,000 in the 2026 fiscal fourth quarter.
Basic and Diluted EPS $0.17 Compared with $0.10 in the 2026 fiscal first quarter and $0.19 in the 2026 fiscal fourth quarter.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What were Park Aerospace (PKE) net sales for the quarter ended May 31, 2026?

Park Aerospace reported net sales of $18,312,000 for the 2027 fiscal first quarter ended May 31, 2026. This compares with $15,400,000 in the 2026 fiscal first quarter and $24,187,000 in the 2026 fiscal fourth quarter.

How did Park Aerospace (PKE) first-quarter 2027 net earnings compare to prior periods?

Net earnings were $3,533,000 for the 13 weeks ended May 31, 2026. This compares with $2,080,000 for the 13 weeks ended June 1, 2025 and $3,838,000 for the 13 weeks ended March 1, 2026.

What was Park Aerospace (PKE) Adjusted EBITDA for the quarter ended May 31, 2026?

Adjusted EBITDA was $4,576,000 for the 2027 fiscal first quarter. This non-GAAP measure compares with $2,963,000 in the prior-year first quarter and $5,171,000 in the 2026 fiscal fourth quarter, based on the company’s reconciliation table.

What margins did Park Aerospace (PKE) achieve in the May 31, 2026 quarter?

Gross margin was 34.8% of net sales for the quarter, compared with 30.6% a year earlier and 28.7% in the prior quarter. Net earnings represented 19.3% of net sales, versus 13.5% and 15.9% in those comparable periods.

What was Park Aerospace (PKE) shareholders’ equity and equity per share at May 31, 2026?

Shareholders’ equity totaled 130,995 (in thousands) at May 31, 2026, up from 129,950 (in thousands) at March 1, 2026. Equity per share was $6.27, compared with $6.22 at the prior balance sheet date.

What business does Park Aerospace (PKE) operate in according to this report?

Park Aerospace develops and manufactures advanced composite materials and parts for aerospace, including film adhesives, lightning strike protection materials, ablative materials for rocket motors, and composite structures for commercial, military, UAV, business and general aviation aircraft.
false 0000076267 0000076267 2026-07-20 2026-07-20
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the
 
Securities Exchange Act of 1934
 
Date of report (Date of earliest event reported):  July 20, 2026
 
 
PARK AEROSPACE CORP.
 
(Exact Name of Registrant as
Specified in Charter)
 
 
 
 
 
 
 
New York
1-4415
11-1734643
(State or Other Jurisdiction
(Commission File
(IRS Employer
of Incorporation) 
Number)
Identification No.)
 
 
 
 
 
 
1400 Old Country RoadWestbury
New York
11590
(Address of Principal Executive Offices)
(Zip Code)
 
 
Registrant's telephone number, including area code         (631465-3600
 
 
Not Applicable
Former Name or Former Address, if Changed Since Last Report
 
Securities registered or to be registered pursuant to Section 12(b) of the Act:
 
Title of Each Class
Trading Symbol(s)
Name of Each Exchange on Which Registered
Common Stock, par value $.10 per share
PKE
New York Stock Exchange
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
 Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
 
Emerging growth company 
 
If an emerging growth company, indicate by check mark if the registrant has selected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 

 
Item 2.02 Results of Operations and Financial Condition.
 
Park Aerospace Corp. (the "Company") issued a news release on July 20, 2026 reporting the results of operations for its 2027 fiscal year first quarter ended May 31, 2026.
 
The Company is furnishing the news release to the Securities and Exchange Commission pursuant to Item 2.02 of Form 8-K as Exhibit 99.1 hereto, and it is incorporated herein by reference. The information in this Item 2.02 and the attached Exhibit shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act except as shall be expressly stated by specific reference in such filing.
 
 
Item 9.01    Financial Statements and Exhibits.
 
(d)   Exhibits.
 
99.1 News Release dated July 20, 2026
 
104 Cover Page Interactive Date File (embedded within the Inline XBRL document)
 
SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
 
PARK AEROSPACE CORP.
 
 
 
 
 
 
 
 
 
Date: July 20, 2026
By:
/s/ Christopher Goldner
 
 
Name:
 Christopher Goldner
 
 
Title:
 Vice President - Finance
 
 
 
2

Exhibit 99.1

logo.jpg

 

 

NEWS RELEASE

Contact: Donna D’Amico-Annitto

486 North Oliver Road, Bldg. Z 

Newton, Kansas 67114

(316) 283-6500

                                                                 

PARK AEROSPACE CORP. REPORTS FIRST QUARTER RESULTS

 

Newton, Kansas, Monday, July 20, 2026…..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 $18,312,000 for the 2027 fiscal year first quarter ended May 31, 2026 compared to $15,400,000 for the 2026 fiscal year first quarter ended June 1, 2025 and $24,187,000 for the 2026 fiscal year fourth quarter ended March 1, 2026. Net earnings for the 2027 fiscal year first quarter were $3,533,000 compared to $2,080,000 for the 2026 fiscal year first quarter and $3,838,000 for the 2026 fiscal year fourth quarter.

 

Adjusted EBITDA for the 2027 fiscal year first quarter was $4,576,000 compared to $2,963,000 for the 2026 fiscal year first quarter and $5,171,000 for the 2026 fiscal year fourth quarter.

 

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 $0.17 for the 2027 fiscal year first quarter compared to $0.10 for the 2026 fiscal year first quarter and $0.19 for the 2026 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 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

 

- 2 -


 

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

 

- 3 -


 

Comparative balance sheets (in thousands - unaudited)

 

May 31,
2026

March 1,
2026

(unaudited)

Assets

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

 

- 4 -


 

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

%

 

- 5 -


 

Reconciliation of GAAP Net Earnings to Adjusted EBITDA

 

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

 

 

- 6 -

Filing Exhibits & Attachments

5 documents