EX-99.1 2 ex_868203.htm EXHIBIT 99.1 ex_868203.htm

 

parkaerologo.jpg

Exhibit 99.1

  NEWS RELEASE
Contact: Donna D’Amico-Annitto

486 North Oliver Road, Bldg. Z

Newton, Kansas 67114

(316) 283-6500

 

PARK AEROSPACE CORP. REPORTS SECOND QUARTER RESULTS

 

Newton, Kansas, Thursday, October 9, 2025…..Park Aerospace Corp. (NYSE-PKE) reported results for the 2026 fiscal year second quarter ended August 31, 2025. 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/qarc64p9 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 $16,381,000 for the 2026 fiscal year second quarter ended August 31, 2025 compared to $16,709,000 for the 2025 fiscal year second quarter ended September 1, 2024 and $15,400,000 for the 2026 fiscal year first quarter ended June 1, 2025. Park’s net sales for the six months ended August 31, 2025 were $31,781,000 compared to $30,679,000 for the six months ended September 1, 2024. Net earnings for the 2026 fiscal year second quarter were $2,404,000 compared to $2,066,000 for the 2025 fiscal year second quarter and $2,080,000 for the 2026 fiscal year first quarter. Net earnings were $4,484,000 for the current year’s first six months compared to $3,059,000 for last year’s first six months.

 

Net earnings before special items for the 2026 fiscal year second quarter were $2,404,000 compared to $2,092,000 for the 2025 fiscal year second quarter and $2,080,000 for the 2026 fiscal year first quarter. Net earnings before special items for the six months ended August 31, 2025 were $4,484,000 compared to $3,873,000 for last fiscal year’s first six months.

 

Adjusted EBITDA for the 2026 fiscal year second quarter was $3,401,000 compared to $3,206,000 for the 2025 fiscal year second quarter and $2,963,000 for the 2026 fiscal year first quarter. Adjusted EBITDA for the current fiscal year’s first six months was $6,364,000 compared to $5,816,000 for last fiscal year’s first six months.

 

During the 2026 fiscal year second quarter and first six months, the Company did not report any special items. During the 2025 fiscal year second quarter and first six months, respectively, the Company recorded $46,000 and $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 $0.12 for the 2026 fiscal year second quarter compared to $0.10 for the 2025 fiscal year second quarter and $0.10 for the 2026 fiscal year first quarter. Basic and diluted earnings per share before special items were $0.12 for the 2026 fiscal year second quarter compared to $0.10 for the 2025 fiscal year second quarter and $0.10 for the 2026 fiscal year first quarter.

 

Park reported basic and diluted earnings per share of $0.23 and $0.22, respectively, for the 2026 fiscal year’s first six months compared to $0.15 and $0.15, respectively, for the 2025 fiscal year’s first six months. Basic and diluted earnings per share before special items were $0.23 and $0.22, respectively, for the 2026 fiscal year’s first six months compared to $0.19 and $0.19, respectively, for the 2025 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 13756197.

 

 
 
 

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 16, 2025. The conference call replay will be available at https://edge.media-server.com/mmc/p/qarc64p9 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 13756197.

 

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

 

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Performance table, including non-GAAP information (in thousands, except per share amounts –unaudited):

 

   

13 Weeks Ended

    

13 Weeks Ended

    

13 Weeks Ended

    

26 Weeks Ended

  
                                         
   

August 31,
2025

    

September 1,
2024

    

June 1,
2025

    

August 31,
2025

    

September 1,
2024

  

Sales

   $ 16,381     $ 16,709     $ 15,400     $ 31,781     $ 30,679  
                                         

Net Earnings before Special Items1

   $ 2,404     $ 2,092     $ 2,080     $ 4,484     $ 3,873  

Special Item, Net of Tax:

                                        

Storm Damage Charge

     -       (46 )     -       -       (1,098 )

Income Tax Effect on Pretax Special Items

     -       20       -       -       284  

Net Earnings

   $ 2,404     $ 2,066     $ 2,080     $ 4,484     $ 3,059  
                                         
                                         

Basic Earnings per Share:

                                        

Basic Earnings before Special Items1

   $ 0.12     $ 0.10     $ 0.10     $ 0.23     $ 0.19  

Special Item:

                                        

Storm Damage Charge

     -       -       -       -       (0.05 )

Income Tax Effect on Pretax Special Items

     -       -       -       -       0.01  

Basic Earnings per Share

   $ 0.12     $ 0.10     $ 0.10     $ 0.23     $ 0.15  
                                         
                                         
                                         

Diluted Earnings before Special Items1

   $ 0.12     $ 0.10     $ 0.10     $ 0.22     $ 0.19  

Special Item:

                                        

Storm Damage Charge

     -       -       -       -       (0.05 )

Income Tax Effect on Pretax Special Items

     -       -       -       -       0.01  

Diluted Earnings per Share

   $ 0.12     $ 0.10     $ 0.10     $ 0.22     $ 0.15  
                                         
                                         

Weighted Average Shares Outstanding:

                                        

Basic

     19,875       20,216       19,919       19,897       20,234  

Diluted

     19,986       20,291       19,968       19,977       20,331  

 

1 Refer to "Reconciliation of non-GAAP financial measures" below for information regarding Special Items.

 

 

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Condensed comparative balance sheets (in thousands):

 

   

August 31,
2025

    

March 2,
2025

  

 

  

(unaudited)

          
Assets                

Current Assets

                

Cash and Marketable Securities

   $ 61,553     $ 68,834  

Accounts Receivable, Net

     12,640       12,903  

Inventories

     8,101       7,213  

Prepaid Expenses and Other Current Assets

     1,012       1,344  

Total Current Assets

     83,306       90,294  
                 

Fixed Assets, Net

     21,403       21,650  

Operating Right-of-use Assets

     282       308  

Other Assets

     11,457       9,856  

Total Assets

   $ 116,448     $ 122,108  
                 

Liabilities and Shareholders' Equity

                

Current Liabilities

                

Accounts Payable

   $ 3,324     $ 2,513  

Accrued Liabilities

     1,250       1,318  

Operating Lease Liability

     42       40  

Income Taxes Payable

     125       5,390  

Total Current Liabilities

     4,741       9,261  
                 

Long-term Operating Lease Liability

     296       318  

Deferred Income Taxes

     5,541       5,304  

Other Liabilities

     75       71  

Total Liabilities

     10,653       14,954  
                 

Shareholders’ Equity

     105,795       107,154  
                 

Total Liabilities and Shareholders' Equity

   $ 116,448     $ 122,108  
                 

Additional information

                

Equity per Share

   $ 5.31     $ 5.36  

 

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Condensed comparative statements of operations (in thousands – unaudited):

 

   

13 Weeks

Ended

    

13 Weeks

Ended

    

13 Weeks

Ended

    

26 Weeks

Ended

  
                                         
   

August 31,
2025

    

September 1,
2024

    

June 1,
2025

    

August 31,
2025

    

September 1,
2024

  
                                         

Net Sales

   $ 16,381     $ 16,709     $ 15,400     $ 31,781     $ 30,679  
                                         

Cost of Sales

     11,265       11,952       10,682       21,947       21,823  
                                         

Gross Profit

     5,116       4,757       4,718       9,834       8,856  

% of net sales

     31.2 %     28.5 %     30.6 %     30.9 %     28.9 %
                                         

Selling, General & Administrative Expenses

     2,271       2,140       2,299       4,570       4,157  

% of net sales

     13.9 %     12.8 %     14.9 %     14.4 %     13.5 %
                                         

Earnings from Operations

     2,845       2,617       2,419       5,264       4,699  
                                         
                                         

Storm Damage Charge

     -       (46 )     -       -       (1,098 )

Interest and Other Income:

     390       245       355       745       584  
                                         

Earnings from Operations before Income Taxes

     3,235       2,816       2,774       6,009       4,185  
                                         

Income Tax Provision

     831       750       694       1,525       1,126  

Net Earnings

   $ 2,404     $ 2,066     $ 2,080     $ 4,484     $ 3,059  

% of net sales

     14.7 %     12.4 %     13.5 %     14.1 %     10.0 %

 

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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 31,
2025

    

September 1,
2024

    

June 1,
2025

    

August 31,
2025

    

September 1,
2024

  

GAAP Net Earnings

   $ 2,404     $ 2,066     $ 2,080     $ 4,484     $ 3,059  

Adjustments:

                                        

Income Tax Provision

     831       750       694       1,525       1,126  

Interest and Other Income

     (390 )     (245 )     (355 )     (745 )     (584 )

Depreciation

     455       488       456       911       927  

Stock Option Expense

     101       101       88       189       190  

Special Item:

                                        

Storm Damage Charge

     -       46       -       -       1,098  

Adjusted EBITDA

   $ 3,401     $ 3,206     $ 2,963     $ 6,364     $ 5,816  

 

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