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