Park Aerospace (PKE) Q4 2025 earnings summary

Executive summary

• Fiscal 2025 net sales rose to $62.0M, with Q4 sales at $16.9M, up from $16.3M year-over-year and $14.4M sequentially.

• Gross margin for Q4 was 29.3%, considered strong despite low-margin C2B fabric sales and ramp-up costs.

• Adjusted EBITDA for Q4 was $3.4M (20.2% margin), up from $3.2M (19.6%) year-over-year.

• Major new manufacturing expansion announced, with a $35M +/- $5M capital budget to support long-term growth and flexibility.

• The company maintains a policy of providing honest forecasts without padding numbers, emphasizing integrity in guidance.

Financial highlights

• Fiscal 2025 sales: $62.0M, with $7.5M from C2B fabric; Q4 sales: $16.9M, with $4.4M from C2B fabric.

• Gross margin: 29.3% in Q4; fiscal 2025 gross margin: 28.4%.

• Adjusted EBITDA for Q4: $3.4M; fiscal 2025: $11.6M.

• Net earnings before special items for Q4: $2.4M (14.3% of sales); fiscal 2025: $7.9M.

• Basic and diluted EPS for fiscal 2025: $0.29; Q4 EPS: $0.06.

Outlook and guidance

• Q1 2026 forecast: $15.0M–$16.0M sales, $2.5M–$3.0M EBITDA.

• GE Aerospace program sales forecast for 2026: $28.0M–$32.0M.

• Long-term planning targets capacity needs for 2030–2031, driving current expansion.