Park Aerospace Corp. Reports Third Quarter Results
MWN-AI** Summary
Park Aerospace Corp. announced its third-quarter results for the fiscal year 2026, demonstrating a robust increase in both sales and net earnings. For the quarter ending November 30, 2025, the company reported net sales of $17.3 million, up from $14.4 million in the same quarter the previous year and slightly exceeding the $16.4 million recorded in the prior quarter. Year-to-date, sales reached $49.1 million, marking an increase from $45.1 million during the same nine-month period in fiscal 2025.
Significantly, net earnings for the third quarter stood at $2.95 million, compared to $1.58 million in the previous year’s third quarter and $2.4 million in the second quarter of 2026. For the first nine months of 2026, net earnings totaled $7.43 million, a substantial rise from $4.64 million over the same period in 2025. Basic and diluted earnings per share increased to $0.15 for the third quarter, compared to $0.08 in the previous year and $0.12 in the preceding quarter.
The company’s adjusted EBITDA for the third quarter was reported at $4.23 million, showcasing a notable growth from $2.42 million year-over-year and an increase from $3.40 million from the prior quarter. Notably, Park Aerospace did not report any special items impacting earnings during this quarter or over the nine-month period, which contrasts with the previous year’s first nine months that included a storm damage charge.
The company specializes in advanced composite materials for the global aerospace market, focusing on sectors such as military and civilian aircraft, and rocket motors. Today, Park will conduct a conference call at 5:00 p.m. EST for further discussion of its financial performance. More detailed information will be available during this call, as well as on the company’s website.
MWN-AI** Analysis
Park Aerospace Corp. (NYSE: PKE) reported strong third-quarter results for the fiscal year 2026, showing significant year-over-year growth in net sales, net earnings, and adjusted EBITDA. With net sales totaling $17.33 million, marking a 20% increase from $14.41 million in Q3 2025, and net earnings more than doubling to $2.95 million from $1.58 million a year ago, the company is demonstrating solid operational performance in the aerospace sector.
The growth in sales and earnings reflects Park's effective strategies in capitalizing on the rising demand for advanced composite materials, particularly in the aerospace market. Their products are integral to various aircraft structures and are becoming increasingly critical as the industry trends toward lighter, more efficient materials. Furthermore, Park's adjusted EBITDA of $4.23 million, nearly doubling from last year's $2.42 million, indicates robust operational efficiency and cost management.
Investors should be encouraged by the company’s continued revenue stream and improved profitability metrics. The increase in both basic and diluted earnings per share to $0.15 from $0.08 signals stronger earnings power, which bodes well for future dividend potential and shareholder value enhancement.
From a valuation perspective, given the current performance and the ongoing demand likely driven by increased aerospace activities post-pandemic, PKE appears to present an attractive investment opportunity. However, caution should be exercised, considering market volatility and possible fluctuations in aerospace demand due to broader economic conditions.
In anticipation of the conference call scheduled for later today, investors should listen to management insights regarding future growth initiatives and how they plan to navigate potential supply chain challenges. This could provide further clarity on sustaining the positive momentum witnessed in recent quarters. Therefore, keeping an eye on the upcoming earnings call for strategic direction will be crucial for potential investors in Park Aerospace Corp.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
NEWTON, Kan., Jan. 13, 2026 (GLOBE NEWSWIRE) -- Park Aerospace Corp. (NYSE-PKE) reported results for the 2026 fiscal year third quarter ended November 30, 2025. The Company will conduct a conference call to discuss its financial results and other matters at 5:00 p.m. EST today. A live audio webcast of the event, along with presentation materials, will be available at https://edge.media-server.com/mmc/p/tt72ics7 at 5:00 p.m. EST today. The presentation materials will also be available at approximately 4:15 p.m. EST 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 $17,333,000 for the 2026 fiscal year third quarter ended November 30, 2025 compared to $14,408,000 for the 2025 fiscal year third quarter ended December 1, 2024 and $16,381,000 for the 2026 fiscal year second quarter ended August 31, 2025. Park’s net sales for the nine months ended November 30, 2025 were $49,114,000 compared to $45,087,000 for the nine months ended December 1, 2024. Net earnings for the 2026 fiscal year third quarter were $2,950,000 compared to $1,577,000 for the 2025 fiscal year third quarter and $2,404,000 for the 2026 fiscal year second quarter. Net earnings were $7,434,000 for the current year’s first nine months compared to $4,636,000 for last year’s first nine months.
Net earnings before special items for the 2026 fiscal year third quarter were $2,950,000 compared to $1,577,000 for the 2025 fiscal year third quarter and $2,404,000 for the 2026 fiscal year second quarter. Net earnings before special items for the nine months ended November 30, 2025 were $7,434,000 compared to $5,450,000 for last fiscal year’s first nine months.
Adjusted EBITDA for the 2026 fiscal year third quarter was $4,226,000 compared to $2,415,000 for the 2025 fiscal year third quarter and $3,401,000 for the 2026 fiscal year second quarter. Adjusted EBITDA for the current fiscal year’s first nine months was $10,590,000 compared to $8,231,000 for last fiscal year’s first nine months.
During the 2026 fiscal year third quarter and first nine months, the Company did not report any special items. During the 2025 fiscal year third quarter, the Company did not report any special items but during the 2025 fiscal year first nine months the Company recorded $1,098,000 of pre-tax charges related to storm damage to the Company’s facilities in Newton, Kansas.
Park reported basic and diluted earnings per share of $0.15 for the 2026 fiscal year third quarter compared to $0.08 for the 2025 fiscal year third quarter and $0.12 for the 2026 fiscal year second quarter. Basic and diluted earnings per share before special items were $0.15 for the 2026 fiscal year third quarter compared to $0.08 for the 2025 fiscal year third quarter and $0.12 for the 2026 fiscal year second quarter.
Park reported basic and diluted earnings per share of $0.37 for the 2026 fiscal year’s first nine months compared to $0.23 for the 2025 fiscal year’s first nine months. Basic and diluted earnings per share before special items were $0.37 for the 2026 fiscal year’s first nine months compared to $0.27 for the 2025 fiscal year’s first nine months.
The Company will conduct a conference call to discuss its financial results at 5:00 p.m. EST 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 13757846.
For those unable to listen to the call live, a conference call replay will be available from approximately 8:00 p.m. EST today through 11:59 p.m. EST on Tuesday, January 20, 2026. The conference call replay will be available at https://edge.media-server.com/mmc/p/tt72ics7 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 13757846.
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, which include a special item, a charge related to storm damage. 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
Performance table, including non-GAAP information (in thousands, except per share amounts –unaudited):
| 13 Weeks Ended | 13 Weeks Ended | 13 Weeks Ended | 39 Weeks Ended | ||||||||||||||||
| November 30, 2025 | December 1, 2024 | August 31, 2025 | November 30, 2025 | December 1, 2024 | |||||||||||||||
| Sales | $ | 17,333 | $ | 14,408 | $ | 16,381 | $ | 49,114 | $ | 45,087 | |||||||||
| Net Earnings before Special Items1 | $ | 2,950 | $ | 1,577 | $ | 2,404 | $ | 7,434 | $ | 5,450 | |||||||||
| Special Item, Net of Tax: | |||||||||||||||||||
| Storm Damage Charge | - | - | - | - | (1,098 | ) | |||||||||||||
| Income Tax Effect on Pretax Special Items | - | - | - | - | 284 | ||||||||||||||
| Net Earnings | $ | 2,950 | $ | 1,577 | $ | 2,404 | $ | 7,434 | $ | 4,636 | |||||||||
| Basic Earnings per Share: | |||||||||||||||||||
| Basic Earnings before Special Items1 | $ | 0.15 | $ | 0.08 | $ | 0.12 | $ | 0.37 | $ | 0.27 | |||||||||
| Special Item: | |||||||||||||||||||
| Storm Damage Charge | - | - | - | - | (0.05 | ) | |||||||||||||
| Income Tax Effect on Pretax Special Items | - | - | - | - | 0.01 | ||||||||||||||
| Basic Earnings per Share | $ | 0.15 | $ | 0.08 | $ | 0.12 | $ | 0.37 | $ | 0.23 | |||||||||
| Diluted Earnings before Special Items1 | $ | 0.15 | $ | 0.08 | $ | 0.12 | $ | 0.37 | $ | 0.27 | |||||||||
| Special Item: | |||||||||||||||||||
| Storm Damage Charge | - | - | - | - | (0.05 | ) | |||||||||||||
| Income Tax Effect on Pretax Special Items | - | - | - | - | 0.01 | ||||||||||||||
| Diluted Earnings per Share | $ | 0.15 | $ | 0.08 | $ | 0.12 | $ | 0.37 | $ | 0.23 | |||||||||
| Weighted Average Shares Outstanding: | |||||||||||||||||||
| Basic | 19,911 | 19,982 | 19,875 | 19,902 | 20,150 | ||||||||||||||
| Diluted | 20,095 | 20,077 | 19,986 | 20,016 | 20,246 | ||||||||||||||
| 1Refer to "Reconciliation of non-GAAP financial measures" below for information regarding Special Items. | |||||||||||||||||||
Condensed comparative balance sheets (in thousands):
| November 30, 2025 | March 2, 2025 | |||||
| Assets | (unaudited) | |||||
| Current Assets | ||||||
| Cash and Marketable Securities | $ | 63,558 | $ | 68,834 | ||
| Accounts Receivable, Net | 12,143 | 12,903 | ||||
| Inventories | 7,636 | 7,213 | ||||
| Prepaid Expenses and Other Current Assets | 1,287 | 1,344 | ||||
| Total Current Assets | 84,624 | 90,294 | ||||
| Fixed Assets, Net | 21,764 | 21,650 | ||||
| Operating Right-of-use Assets | 269 | 308 | ||||
| Other Assets | 11,442 | 9,856 | ||||
| Total Assets | $ | 118,099 | $ | 122,108 | ||
| Liabilities and Shareholders' Equity | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $ | 3,259 | $ | 2,513 | ||
| Accrued Liabilities | 1,347 | 1,318 | ||||
| Operating Lease Liability | 43 | 40 | ||||
| Income Taxes Payable | 694 | 5,390 | ||||
| Total Current Liabilities | 5,343 | 9,261 | ||||
| Long-term Operating Lease Liability | 285 | 318 | ||||
| Deferred Income Taxes | 5,802 | 5,304 | ||||
| Other Liabilities | 77 | 71 | ||||
| Total Liabilities | 11,507 | 14,954 | ||||
| Shareholders’ Equity | 106,592 | 107,154 | ||||
| Total Liabilities and Shareholders' Equity | $ | 118,099 | $ | 122,108 | ||
| Additional information | ||||||
| Equity per Share | $ | 5.35 | $ | 5.36 | ||
Condensed comparative statements of operations (in thousands – unaudited):
| 13 Weeks Ended | 13 Weeks Ended | 13 Weeks Ended | 39 Weeks Ended | |||||||||||||||||||||
| November 30, 2025 | December 1, 2024 | August 31, 2025 | November 30, 2025 | December 1, 2024 | ||||||||||||||||||||
| Net Sales | $ | 17,333 | $ | 14,408 | $ | 16,381 | $ | 49,114 | $ | 45,087 | ||||||||||||||
| Cost of Sales | 11,430 | 10,580 | 11,265 | 33,377 | 32,403 | |||||||||||||||||||
| Gross Profit | 5,903 | 3,828 | 5,116 | 15,737 | 12,684 | |||||||||||||||||||
| % of net sales | 34.1 | % | 26.6 | % | 31.2 | % | 32.0 | % | 28.1 | % | ||||||||||||||
| Selling, General & Administrative Expenses | 2,259 | 1,982 | 2,271 | 6,829 | 6,139 | |||||||||||||||||||
| % of net sales | 13.0 | % | 13.8 | % | 13.9 | % | 13.9 | % | 13.6 | % | ||||||||||||||
| Earnings from Operations | 3,644 | 1,846 | 2,845 | 8,908 | 6,545 | |||||||||||||||||||
| Storm Damage Charge | - | - | - | - | (1,098 | ) | ||||||||||||||||||
| Interest and Other Income: | 343 | 290 | 390 | 1,088 | 874 | |||||||||||||||||||
| Earnings from Operations before Income Taxes | 3,987 | 2,136 | 3,235 | 9,996 | 6,321 | |||||||||||||||||||
| Income Tax Provision | 1,037 | 559 | 831 | 2,562 | 1,685 | |||||||||||||||||||
| Net Earnings | $ | 2,950 | $ | 1,577 | $ | 2,404 | $ | 7,434 | $ | 4,636 | ||||||||||||||
| % of net sales | 17.0 | % | 10.9 | % | 14.7 | % | 15.1 | % | 10.3 | % | ||||||||||||||
Reconciliation of non-GAAP financial measures (in thousands – unaudited):
| 13 Weeks Ended | 13 Weeks Ended | 13 Weeks Ended | 39 Weeks Ended | 39 Weeks Ended | |||||||||||||||||||
| November 30, 2025 | December 1, 2024 | August 31, 2025 | November 30, 2025 | December 1, 2024 | |||||||||||||||||||
| GAAP Net Earnings | $ | 2,950 | $ | 1,577 | $ | 2,404 | $ | 7,434 | $ | 4,636 | |||||||||||||
| Adjustments: | |||||||||||||||||||||||
| Income Tax Provision | 1,037 | 559 | 831 | 2,562 | 1,685 | ||||||||||||||||||
| Interest and Other Income | (343 | ) | (290 | ) | (390 | ) | (1,088 | ) | (874 | ) | |||||||||||||
| Depreciation | 477 | 464 | 455 | 1,388 | 1,391 | ||||||||||||||||||
| Stock Option Expense | 105 | 105 | 101 | 294 | 295 | ||||||||||||||||||
| Special Item: | |||||||||||||||||||||||
| Storm Damage Charge | - | - | - | - | 1,098 | ||||||||||||||||||
| Adjusted EBITDA | $ | 4,226 | $ | 2,415 | $ | 3,401 | $ | 10,590 | $ | 8,231 | |||||||||||||
| Contact: Donna D’Amico-Annitto | 486 North Oliver Road, Bldg. Z |
| Newton, Kansas 67114 | |
| (316) 283-6500 |
FAQ**
How does Park Aerospace Corp's recent performance compare to prior years, particularly in terms of net sales and net earnings, when evaluated against the benchmarks set by Park Electrochemical Corporation PKE?
What factors contributed to the increase in adjusted EBITDA for the third quarter, and how does this reflect the operational efficiency of Park Electrochemical Corporation PKE?
Given the absence of special items impacting earnings, how does Park Aerospace Corp plan to sustain its growth trajectory akin to the performance standards of Park Electrochemical Corporation PKE in the aerospace industry?
How will the outcomes discussed in today's conference call influence strategic decisions for Park Aerospace Corp, particularly in relation to competitive positioning against Park Electrochemical Corporation PKE?
**MWN-AI FAQ is based on asking OpenAI questions about Park Electrochemical Corporation (NYSE: PKE).
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