Park Aerospace Corp. (PKE) reported Q1 2026 earnings of $0.10 per share, up from $0.05 in the prior-year quarter. Net sales of $15.4 million increased 10.2% YoY, and net earnings more than doubled to $2.1 million. Gross profit rose 15% to $4.7 million, and adjusted EBITDA improved 13.5% to $3 million. The company's stock surged 23.3% since the earnings release.
Park Aerospace Corp. (PKE) announced its financial results for the first quarter of its 2026 fiscal year, ending June 1, 2025. The company reported earnings per share (EPS) of $0.10, an increase of 100% compared to the same period last year. Net sales grew by 10.2% year-over-year (YoY) to $15.4 million, while net earnings more than doubled to $2.1 million. Gross profit rose 15% to $4.7 million, and adjusted EBITDA improved by 13.5% to $3 million. The company's stock price surged 23.3% since the earnings release.
The company's performance was driven by strong sales growth and improved operational efficiency. Net sales increased by $1.43 million compared to the first quarter of 2025, with a significant contribution from its advanced composite materials. Gross profit margin remained stable at 30.6%, indicating effective cost management. The company's operating expenses, including selling, general, and administrative expenses, increased by 2.7% to $2.299 million, contributing to the overall improvement in earnings.
The company also reported a significant reduction in special items, which includes a storm damage charge and a non-cash tax charge related to potential repatriation of foreign earnings. These adjustments contributed to the improvement in net earnings and adjusted EBITDA. The company's stock price surged 23.3% since the earnings release, reflecting investor confidence in the company's financial performance and growth prospects.
Park Aerospace Corp. will conduct a conference call to discuss its financial results at 5:00 p.m. EDT today. 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 conference ID for attendance by phone is 13754804.
References:
[1] https://www.marketscreener.com/quote/stock/PARK-AEROSPACE-CORP-64424488/news/Park-Aerospace-Corp-Reports-First-Quarter-Results-50516885/
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