Park Aerospace (PKE) Q4 2026 earnings summary

Executive summary

• Q4 FY2026 sales reached $24.2 million, up from $16.9 million in Q4 FY2025 and $17.3 million in Q3 FY2026, with gross profit of $6.9 million and gross margin at 28.7%.

• Adjusted EBITDA for Q4 FY2026 was $5.2 million, or 21.4% of sales, compared to $3.4 million (20.2%) in Q4 FY2025.

• The company is experiencing strong demand in both commercial aerospace and missile systems, with significant ramp-ups in production and quoting activity.

• Missile system programs, especially PAC-3, are seeing unprecedented demand due to global conflicts and depleted stockpiles.

• Top five customers accounted for 72% of Q4 FY2026 sales; top 10 for 80%.

Financial highlights

• FY2026 total sales were $73.3 million, up 18% year-over-year from $62.0 million in FY2025.

• FY2026 Adjusted EBITDA totaled $15.8 million, up from $11.6 million in FY2025.

• Gross margin for FY2026 was 30.9%, compared to 28.4% in FY2025.

• C2B fabric sales contributed $7.1 million in Q4 FY2026, with high volume but low margin on fabric, offset by higher margin on ablative materials.

• Basic and diluted EPS for Q4 FY2026 was $0.19, up from $0.06 in Q4 FY2025; FY2026 EPS was $0.56, up from $0.29 in FY2025.

Outlook and guidance

• FY2027 Q1 sales forecast: $17.7–$18.4 million; Adjusted EBITDA: $4.1–$4.6 million, with $1.3 million in expected missed shipments.

• GE Aerospace program sales forecast for FY2027: $34–$38 million.

• Commercial aircraft programs (A320neo, 777X, COMAC 919) and missile systems expected to drive future growth.

• Missile system demand expected to remain elevated due to global conflicts and government directives to quadruple production.

• Additional manufacturing capacity and investments planned to meet surging demand.