Park Aerospace Corp

Park Aerospace Corp. reported higher first-quarter fiscal 2027 earnings, driven by aerospace and missile demand. Net sales for the quarter ended May 31, 2026, increased to $18.3 million from $15.4 million a year earlier, while net earnings rose to $3.5 million from $2.1 million. Earnings per share improved to 17 cents from 10 cents, and adjusted EBITDA grew to $4.6 million from $3 million. The company highlighted growth opportunities tied to missile systems, including sole-source qualification for advanced composite materials used in the PAC-3 MSE program, and continued exposure to commercial aerospace programs such as GE Aerospace engines and the Airbus A320neo. Park also announced plans to build a new 150,000-square-foot manufacturing facility at Tulsa International Airport, requiring about $65 million of investment, and maintained a strong balance sheet with $89.4 million in cash and marketable securities and no long-term debt.

Park Aerospace Corp. reported net sales of $18,312,000 for the first quarter of fiscal year 2027 ended May 31, 2026, up from $15,400,000 in the same quarter last year but down from $24,187,000 in the prior quarter. Net earnings were $3,533,000, or $0.17 per basic and diluted share, compared with $2,080,000, or $0.10 per share, a year earlier. Adjusted EBITDA rose to $4,576,000 from $2,963,000 in the prior-year period. The company had no special items in any of the periods discussed.