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 (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.

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

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
	(316) 283-6500

Park Aerospace Corp. Reports Third Quarter Results