2027 fiscal year second quarter
Filed Oct 8, 2026PARK AEROSPACE CORP. REPORTS SECOND QUARTER RESULTS
Second-quarter sales, net earnings, diluted earnings per share and Adjusted EBITDA were all higher than both the prior-year quarter and the 2027 fiscal year first quarter, while gross margin and net earnings margin exceeded the prior-year quarter.
Key metrics
shortened, hover for the filing’s print| Metric | Value | q/q | y/y |
|---|---|---|---|
| Net sales, 13 weeks ended August 30, 2026GAAP | $20,791,000 | – | – |
| Cost of sales, 13 weeks ended August 30, 2026GAAP | $13.66M | – | – |
| Gross profit, 13 weeks ended August 30, 2026GAAP | $7.13M | – | – |
| Gross profit as a percentage of net sales, 13 weeks ended August 30, 2026GAAP | 34.3% | – | – |
| Selling, General & Administrative Expenses, 13 weeks ended August 30, 2026GAAP | $2.40M | – | – |
| Selling, General & Administrative Expenses as a percentage of net sales, 13 weeks ended August 30, 2026GAAP | 11.6% | – | – |
| Earnings from Operations, 13 weeks ended August 30, 2026GAAP | $4.73M | – | – |
| Interest and Other Income, 13 weeks ended August 30, 2026GAAP | $839K | – | – |
| Earnings from Operations before Income Taxes, 13 weeks ended August 30, 2026GAAP | $5.57M | – | – |
| Income Tax Provision, 13 weeks ended August 30, 2026GAAP | $1.04M | – | – |
| Net earnings, 13 weeks ended August 30, 2026GAAP | $4,534,000 | – | – |
| Net earnings as a percentage of net sales, 13 weeks ended August 30, 2026GAAP | 21.8% | – | – |
| Basic earnings per share, 13 weeks ended August 30, 2026GAAP | $0.21 | – | – |
| Diluted earnings per share, 13 weeks ended August 30, 2026GAAP | $0.21 | – | – |
| Weighted average shares outstanding, basic, 13 weeks ended August 30, 2026GAAP | 21.73M | – | – |
| Weighted average shares outstanding, diluted, 13 weeks ended August 30, 2026GAAP | 21.92M | – | – |
| Adjusted EBITDA, 13 weeks ended August 30, 2026non-GAAP | $5,285,000 | – | – |
| Depreciation, 13 weeks ended August 30, 2026other | $469K | – | – |
| Stock Option Expense, 13 weeks ended August 30, 2026other | $84K | – | – |
| Net sales, 26 weeks ended August 30, 2026GAAP | $39,103,000 | – | – |
| Cost of sales, 26 weeks ended August 30, 2026GAAP | $25.59M | – | – |
| Gross profit, 26 weeks ended August 30, 2026GAAP | $13.51M | – | – |
| Gross profit as a percentage of net sales, 26 weeks ended August 30, 2026GAAP | 34.6% | – | – |
| Selling, General & Administrative Expenses, 26 weeks ended August 30, 2026GAAP | $4.76M | – | – |
| Earnings from Operations, 26 weeks ended August 30, 2026GAAP | $8.75M | – | – |
| Interest and Other Income, 26 weeks ended August 30, 2026GAAP | $1.63M | – | – |
| Earnings from Operations before Income Taxes, 26 weeks ended August 30, 2026GAAP | $10.37M | – | – |
| Income Tax Provision, 26 weeks ended August 30, 2026GAAP | $2.31M | – | – |
| Net earnings, 26 weeks ended August 30, 2026GAAP | $8,067,000 | – | – |
| Net earnings as a percentage of net sales, 26 weeks ended August 30, 2026GAAP | 20.6% | – | – |
| Basic earnings per share, 26 weeks ended August 30, 2026GAAP | $0.38 | – | – |
| Diluted earnings per share, 26 weeks ended August 30, 2026GAAP | $0.37 | – | – |
| Adjusted EBITDA, 26 weeks ended August 30, 2026non-GAAP | $9,861,000 | – | – |
| Cash and Marketable Securities, August 30, 2026GAAP | $114.7M | – | – |
| Total assets, August 30, 2026GAAP | $175.1M | – | – |
| Total liabilities, August 30, 2026GAAP | $12.35M | – | – |
| Shareholders’ Equity, August 30, 2026GAAP | $162.7M | – | – |
| Equity per Share, August 30, 2026GAAP | $7.39 | – | – |
What drove it
- Park develops and manufactures solution and hot-melt advanced composite materials used to produce composite structures for the global aerospace markets.
- The release identifies advanced composite materials, composite parts, structures, assemblies and low volume tooling as the Company’s offerings.
Concerns
- No forward guidance was provided in the release.
- No segment revenue or segment profitability disclosure was provided.
- No operating cash flow, capital expenditures or free cash flow was reported.
- Second-quarter gross profit as a percentage of net sales was 34.3%, compared with 34.8% for the 2027 fiscal year first quarter.
What to watch
- Whether sales and Adjusted EBITDA continue above the prior-year quarter and 2027 fiscal year first-quarter levels.
- Gross profit as a percentage of net sales, which was 34.3% in the second quarter versus 31.2% in the prior-year quarter and 34.8% in the first quarter.
- Selling, General & Administrative Expenses as a percentage of net sales, which were 11.6% in the second quarter versus 13.9% in the prior-year quarter.
- Cash and Marketable Securities, reported at $114,749 (in thousands) at August 30, 2026.
Balance sheet and cash flow
- Cash and Marketable Securities were $114,749 (in thousands) at August 30, 2026, compared to $89,368 (in thousands) at March 1, 2026.
- Total assets were $175,083 (in thousands) at August 30, 2026, compared to $142,228 (in thousands) at March 1, 2026.
- Total liabilities were $12,351 (in thousands) at August 30, 2026, compared to $12,278 (in thousands) at March 1, 2026.
- Shareholders’ Equity was $162,732 (in thousands) at August 30, 2026, compared to $129,950 (in thousands) at March 1, 2026.
- No debt line item was reported in the condensed comparative balance sheets.
Analysis
Park reported a stronger second quarter across its principal reported income-statement measures. Net sales were $20,791,000, compared with $16,381,000 in the 2026 fiscal year second quarter and $18,312,000 in the 2027 fiscal year first quarter. Net earnings were $4,534,000, compared with $2,404,000 and $3,533,000, respectively. Diluted earnings per share were $0.21, compared with $0.12 in the prior-year quarter and $0.17 in the first quarter. Adjusted EBITDA was $5,285,000, compared with $3,401,000 and $4,576,000, respectively.
Profitability improved substantially from the prior-year quarter. Gross profit as a percentage of net sales was 34.3%, versus 31.2%, while Selling, General & Administrative Expenses as a percentage of net sales were 11.6%, versus 13.9%. Earnings from Operations were $4,732 (in thousands), compared with $2,845 (in thousands). Net earnings as a percentage of net sales was 21.8%, compared with 14.7%. Sequentially, gross profit as a percentage of net sales was below the first quarter’s 34.8%, although Selling, General & Administrative Expenses as a percentage of net sales declined from 12.9% and net earnings margin increased from 19.3%.
For the first 26 weeks of fiscal 2027, net sales were $39,103,000 compared with $31,781,000 for the prior-year period. Net earnings were $8,067,000 compared with $4,484,000, and Adjusted EBITDA was $9,861,000 compared with $6,364,000. Gross profit as a percentage of net sales was 34.6%, compared with 30.9%, and net earnings as a percentage of net sales was 20.6%, compared with 14.1%.
The balance sheet reported Cash and Marketable Securities of $114,749 (in thousands) at August 30, 2026, compared with $89,368 (in thousands) at March 1, 2026. Total liabilities were $12,351 (in thousands), while Shareholders’ Equity was $162,732 (in thousands). The filing did not provide guidance, capital-return disclosures, operating cash flow, capital expenditures, free cash flow, segment financials, or management commentary assigning reported sales or margin performance to specific period drivers.
Not in the filing
stated, not guessed- Forward revenue, gross margin, operating expenses, tax rate and other guidance
- Prior outlook for guidance comparison
- Segment revenue, segment growth and segment profitability
- Operating cash flow
- Capital expenditures
- Free cash flow
- Debt balance
- Share repurchases
- Dividends
- Management quotes from named executives
- Reported percentage changes for sales, earnings, EPS, Adjusted EBITDA and other metrics
- Tax rate
Written by an AI language model from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure is checked against the filing text, and a metric the filing does not print, or whose value, prior period and change do not add up, is dropped from the metrics. The model can still misread a table, in the metrics or in the text, so check a number in the filing before you rely on it. Consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.