Park Aerospace (PKE) investor relations material

Executive summary

• Q3 FY2026 net sales reached $17.3M, up from $14.4M in Q3 FY2025 and $16.4M in Q2 FY2026, driven by robust commercial and military programs.

• Net earnings for Q3 FY2026 were $3.0M (17.0% margin), up from $1.6M (10.9%) in Q3 FY2025 and $2.4M (14.7%) in Q2 FY2026.

• Gross profit for Q3 FY2026 was $5.9M (34.1% margin), up from $3.8M (26.6%) in Q3 FY2025 and $5.1M (31.2%) in Q2 FY2026.

• Adjusted EBITDA for Q3 FY2026 was $4.2M (24.4% margin), up from $2.4M (16.8%) in Q3 FY2025 and $3.4M (20.8%) in Q2 FY2026.

• Major new composite materials manufacturing plant planned, expected to double capacity, funded by a $50M at-the-market public offering.

Financial highlights

• Q3 FY2026 sales: $17.3M; gross profit: $5.9M; gross margin: 34.1%.

• Adjusted EBITDA: $4.2M (24.4% margin), above estimate.

• Q4 FY2026 sales forecast: $23.5M–$24.5M; EBITDA: $4.75M–$5.25M.

• FY2026 sales forecast: $72.5M–$73.5M; includes $9.8M C2B fabric sales.

• $63.6M in cash and marketable securities, zero long-term debt, and 41 consecutive years of dividends.

Outlook and guidance

• Q4 FY2026 sales and EBITDA expected to rise, but margins impacted by high C2B fabric sales at low markup.

• Long-term sales outlook for composite materials is $200M by FY2031, assuming full ramp-up.

• New plant to be operational by second half of 2028, with $50M capital budget.

• Management expects financial resources to be sufficient for continued investment, dividends, and repurchases for at least 12 months.

• GE Aerospace Programs FY2026 Q4 sales forecast: $7.75M–$8.25M; FY2026 total: $29.0M–$29.5M.