EX-99.1 2 ex_906912.htm EXHIBIT 99.1 ex_906912.htm

Exhibit 99.1

 

parkaerologo.jpg

 

  NEWS RELEASE
Contact: Donna D’Amico-Annitto 486 North Oliver Road, Bldg. Z
  Newton, Kansas 67114
  (316) 283-6500

 

PARK AEROSPACE CORP. REPORTS THIRD QUARTER RESULTS

 

Newton, Kansas, Tuesday, January 13, 2026…..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.

 

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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

 

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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

   

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  

 

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):

 

   

November 30,
2025

   

March 2,
2025

 
   

(unaudited)

         
Assets                

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  

 

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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 %

 

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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  

 

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