Park Aerospace (PKE) Q2 2027 earnings summary

Executive summary

• Q2 FY2027 sales were $20.791M, up 26.9% YoY, and net earnings were $4.534M, up 88.6%; production value reached a post-2018 record $21.1M.

• Commercial aerospace and missile demand underpin growth, while customer production ramps and manufacturing capacity constrain near-term execution.

Financial highlights

• Q2 gross profit was $7.135M and adjusted EBITDA was $5.285M; net earnings were $4.534M versus $2.404M a year earlier.

• Q2 diluted EPS was $0.21 versus $0.12; stock-option exercises generated a $430K discrete tax benefit and reduced the effective rate to 18.6%.

• H1 sales were $39.103M and net earnings $8.067M; adjusted EBITDA was $9.861M versus $6.364M in H1 FY2026.

• Tariff refunds to customers reduced H1 sales by $0.9M, with the impact offset by lower cost of sales.

Outlook and guidance

• Q3 forecast: sales of $21.0M–$22.5M and adjusted EBITDA of $5.0M–$5.8M.

• GE Aerospace program sales forecast: $8.0M–$8.5M in Q3 and $32.0M–$35.0M for FY2027; the moderated Q4 outlook reflects a slower customer ramp.

• Tulsa plant completion is targeted for FY2028, with production and customer shipments beginning in FY2029.

• Airbus targets A320neo-family production of 70–75 aircraft monthly by end-2027; Boeing anticipates 777X certification, entry into service and first delivery in 2027.