Park Aerospace Corp. Reports Third Quarter Results

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 [phone] in the United States and Canada, and [phone] 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 [phone] in the United States and Canada, and [phone] 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
	[phone]