Park Aerospace Corp. Reports Third Quarter Results
Park Aerospace Corp. (NYSE:PKE) reported its fiscal 2025 third quarter results, showing net sales of $14.4 million for the quarter ended December 1, 2024, up from $11.6 million in the same quarter last year but down from $16.7 million in Q2 FY2025. Net earnings for Q3 FY2025 were $1.6 million ($0.08 per share), compared to $1.2 million ($0.06 per share) in Q3 FY2024.
For the first nine months of FY2025, net sales reached $45.1 million, up from $39.7 million in the same period last year. Nine-month net earnings were $4.6 million, slightly down from $4.8 million year-over-year. The company recorded $1.1 million in pre-tax charges related to storm damage at its Newton, Kansas facilities during the first nine months of FY2025.
Park Aerospace Corp. (NYSE:PKE) ha riportato i risultati del terzo trimestre dell'esercizio fiscale 2025, mostrando vendite nette di 14,4 milioni di dollari per il trimestre conclusosi il 1° dicembre 2024, in aumento rispetto agli 11,6 milioni di dollari nello stesso trimestre dell'anno scorso, ma in calo rispetto ai 16,7 milioni di dollari nel secondo trimestre dell'esercizio fiscale 2025. Utili netti per il terzo trimestre dell'esercizio fiscale 2025 sono stati 1,6 milioni di dollari (0,08 dollari per azione), rispetto a 1,2 milioni di dollari (0,06 dollari per azione) nel terzo trimestre dell'esercizio fiscale 2024.
Per i primi nove mesi dell'esercizio fiscale 2025, le vendite nette hanno raggiunto 45,1 milioni di dollari, in aumento rispetto ai 39,7 milioni di dollari nello stesso periodo dell'anno scorso. Gli utili netti per nove mesi sono stati di 4,6 milioni di dollari, leggermente in calo rispetto ai 4,8 milioni di dollari anno su anno. L'azienda ha registrato 1,1 milioni di dollari in oneri prima delle imposte legati ai danni causati dalla tempesta presso i suoi stabilimenti di Newton, Kansas, durante i primi nove mesi dell'esercizio fiscale 2025.
Park Aerospace Corp. (NYSE:PKE) informó sus resultados del tercer trimestre del ejercicio fiscal 2025, mostrando ventas netas de 14.4 millones de dólares para el trimestre finalizado el 1 de diciembre de 2024, un incremento desde los 11.6 millones de dólares en el mismo trimestre del año pasado, pero una disminución desde los 16.7 millones de dólares en el segundo trimestre del ejercicio fiscal 2025. Ganancias netas para el tercer trimestre del ejercicio fiscal 2025 fueron 1.6 millones de dólares (0.08 dólares por acción), en comparación con 1.2 millones de dólares (0.06 dólares por acción) en el tercer trimestre del ejercicio fiscal 2024.
Para los primeros nueve meses del ejercicio fiscal 2025, las ventas netas alcanzaron 45.1 millones de dólares, un incremento desde los 39.7 millones de dólares en el mismo período del año anterior. Las ganancias netas en nueve meses fueron de 4.6 millones de dólares, ligeramente por debajo de los 4.8 millones de dólares interanual. La compañía registró 1.1 millones de dólares en cargos antes de impuestos relacionados con daños por tormentas en sus instalaciones de Newton, Kansas, durante los primeros nueve meses del ejercicio fiscal 2025.
Park Aerospace Corp. (NYSE:PKE)는 2025 회계연도의 3분기 실적을 발표하였으며, 2024년 12월 1일 종료된 분기 동안 순매출 1,440만 달러를 기록했습니다. 이는 작년 같은 분기의 1,160만 달러에서 증가했지만 2025 회계연도 2분기의 1,670만 달러에서 감소한 수치입니다. 2025 회계연도 3분기 순이익은 160만 달러 (주당 0.08달러)로, 2024 회계연도 3분기의 120만 달러 (주당 0.06달러)와 비교됩니다.
2025 회계연도 첫 9개월 동안의 순매출은 4,510만 달러에 달하여, 작년 같은 기간의 3,970만 달러에서 증가했습니다. 9개월 동안의 순이익은 460만 달러로, 전년 대비 480만 달러에서 약간 감소하였습니다. 회사는 2025 회계연도 첫 9개월 동안 캔자스주 뉴턴에 있는 시설에서 발생한 폭풍 피해와 관련해 세전 비용으로 110만 달러를 기록했습니다.
Park Aerospace Corp. (NYSE:PKE) a annoncé ses résultats du troisième trimestre de l'exercice fiscal 2025, affichant des ventes nettes de 14,4 millions de dollars pour le trimestre se terminant le 1er décembre 2024, en hausse par rapport à 11,6 millions de dollars au même trimestre l'année dernière, mais en baisse par rapport à 16,7 millions de dollars au T2 de l'exercice fiscal 2025. Les bénéfices nets pour le T3 de l'exercice fiscal 2025 étaient de 1,6 million de dollars (0,08 dollar par action), contre 1,2 million de dollars (0,06 dollar par action) au T3 de l'exercice fiscal 2024.
Pour les neuf premiers mois de l'exercice fiscal 2025, les ventes nettes ont atteint 45,1 millions de dollars, en hausse par rapport à 39,7 millions de dollars au même période l'année précédente. Les bénéfices nets pour ces neuf mois s'élevaient à 4,6 millions de dollars, légèrement en baisse par rapport à 4,8 millions de dollars d'une année sur l'autre. L'entreprise a enregistré 1,1 million de dollars de charges pré-imposées liées aux dommages causés par la tempête dans ses installations à Newton, Kansas, au cours des neuf premiers mois de l'exercice fiscal 2025.
Park Aerospace Corp. (NYSE:PKE) hat die Ergebnisse für das dritte Quartal des Geschäftsjahres 2025 bekannt gegeben, wobei Nettoerlöse von 14,4 Millionen Dollar für das am 1. Dezember 2024 endende Quartal ausgewiesen wurden. Dies ist ein Anstieg von 11,6 Millionen Dollar im gleichen Quartal des Vorjahres, jedoch ein Rückgang von 16,7 Millionen Dollar im zweiten Quartal des Geschäftsjahres 2025. Nettoeinkünfte für das dritte Quartal des Geschäftsjahres 2025 betrugen 1,6 Millionen Dollar (0,08 Dollar pro Aktie), verglichen mit 1,2 Millionen Dollar (0,06 Dollar pro Aktie) im dritten Quartal des Geschäftsjahres 2024.
Für die ersten neun Monate des Geschäftsjahres 2025 erreichten die Nettoerlöse 45,1 Millionen Dollar, ein Anstieg von 39,7 Millionen Dollar im gleichen Zeitraum des Vorjahres. Die Nettogewinne für neun Monate beliefen sich auf 4,6 Millionen Dollar, was einem leichten Rückgang von 4,8 Millionen Dollar im Jahresvergleich entspricht. Das Unternehmen verzeichnete 1,1 Millionen Dollar an Steuervorfällen, die mit Sturmschäden an seinen Einrichtungen in Newton, Kansas, während der ersten neun Monate des Geschäftsjahres 2025 verbunden sind.
- Q3 FY2025 net sales increased 23.8% year-over-year to $14.4 million
- Q3 FY2025 net earnings grew 31.1% year-over-year to $1.6 million
- Nine-month net sales improved 13.7% to $45.1 million
- Adjusted EBITDA for Q3 FY2025 increased 33.6% year-over-year to $2.4 million
- Q3 FY2025 net sales decreased 13.8% sequentially from $16.7 million in Q2
- Q3 FY2025 net earnings declined 23.7% sequentially from $2.1 million in Q2
- Nine-month net earnings decreased 3.5% year-over-year to $4.6 million
- $1.1 million pre-tax charge from storm damage to Newton facilities
Insights
Park Aerospace's Q3 FY2025 results demonstrate solid year-over-year growth, with revenue increasing
Sequential performance shows some softness, with revenue declining
Notable challenges include
The aerospace supplier sector context is important for interpreting Park's results. The revenue growth trajectory aligns with the broader aerospace recovery, though quarterly fluctuations suggest ongoing supply chain dynamics. The company's ability to maintain profitability despite facilities damage demonstrates operational resilience.
Key performance indicators show a mixed picture: while year-over-year metrics are strong, the sequential decline in revenue and EBITDA suggests potential near-term headwinds. The EPS stability at
With a market cap of
NEWTON, Kan., Jan. 14, 2025 (GLOBE NEWSWIRE) -- Park Aerospace Corp. (NYSE-PKE) reported results for the 2025 fiscal year third quarter ended December 1, 2024. The Company will conduct a conference call to discuss its financial results and other matters at 5:00 p.m. EST today. A live audio webcast of the event, along with presentation materials, will be available at https://edge.media-server.com/mmc/p/7jbapomd at 5:00 p.m. EST today. The presentation materials will also be available at approximately 4:15 p.m. EST today at https://parkaerospace.com/shareholders/investor-conference-calls/ and on the Company’s website at www.parkaerospace.com under “Investor Conference Calls” on the “Shareholders” page.
Park reported net sales of
Net earnings before special items for the 2025 fiscal year third quarter were
Adjusted EBITDA for the 2025 fiscal year third quarter was
During the 2025 fiscal year first nine months, the Company recorded
Park reported basic and diluted earnings per share of
Park reported basic and diluted earnings per share of
The Company will conduct a conference call to discuss its financial results at 5:00 p.m. EST today. Forward-looking and other material information may be discussed in this conference call. 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 passcode for attendance by phone is 13750836.
For those unable to listen to the call live, a conference call replay will be available from approximately 8:00 p.m. EST today through 11:59 p.m. EST on Tuesday, January 21, 2025. The conference call replay will be available at https://edge.media-server.com/mmc/p/7jbapomd and on the Company’s website at www.parkaerospace.com under “Investor Conference Calls” on the “Shareholders” page. It can also be accessed by dialing (844) 512-2921 in the United States and Canada, and (412) 317-6671 in other countries. The required passcode for accessing the replay by phone is 13750836.
Any additional material financial or statistical data disclosed in the conference call, including the investor presentation, will also be available at the time of the conference call on the Company's website at
https://parkaerospace.com/shareholders/investor-conference-calls/.
Park believes that an evaluation of its ongoing operations would be difficult if the disclosure of its operating results were limited to accounting principles generally accepted in the United States of America (“GAAP”) financial measures, which include special items, such as a charge related to storm damage, activist shareholder defense costs, losses on sales of investments and charges for modification of previously granted stock options. Accordingly, in addition to disclosing its operating results determined in accordance with GAAP, Park discloses non-GAAP measures, including Adjusted EBITDA, and operating results that exclude special items in order to assist its shareholders and other readers in assessing the Company’s operating performance, since the Company’s on-going, normal business operations do not include such special items. The detailed operating information presented below includes a reconciliation of the non-GAAP operating results before special items to earnings determined in accordance with GAAP and a reconciliation of GAAP pre-tax earnings to Adjusted EBITDA. Such non-GAAP financial measures are provided to supplement the results provided in accordance with GAAP.
Park Aerospace Corp. develops and manufactures solution and hot-melt advanced composite materials used to produce composite structures for the global aerospace markets. Park’s advanced composite materials include film adhesives (Aeroadhere®) and lightning strike protection materials (Electroglide®). Park offers an array of composite materials specifically designed for hand lay-up or automated fiber placement (AFP) manufacturing applications. Park’s advanced composite materials are used to produce primary and secondary structures for jet engines, large and regional transport aircraft, military aircraft, Unmanned Aerial Vehicles (UAVs commonly referred to as “drones”), business jets, general aviation aircraft and rotary wing aircraft. Park also offers specialty ablative materials for rocket motors and nozzles and specially designed materials for radome applications. As a complement to Park’s advanced composite materials offering, Park designs and fabricates composite parts, structures and assemblies and low volume tooling for the aerospace industry. Target markets for Park’s composite parts and structures (which include Park’s proprietary composite SigmaStrut™ and AlphaStrut™ product lines) are, among others, prototype and development aircraft, special mission aircraft, spares for legacy military and civilian aircraft and exotic spacecraft. Park’s objective is to do what others are either unwilling or unable to do. When nobody else wants to do it because it is too difficult, too small or too annoying, sign us up.
Additional corporate information is available on the Company’s website at www.parkaerospace.com
Contact: Donna D’Amico-Annitto
486 North Oliver Road, Bldg. Z
Newton, Kansas 67114
(316) 283-6500
Performance table, including non-GAAP information (in thousands, except per share amounts –unaudited):
| 13 Weeks Ended | 13 Weeks Ended | 13 Weeks Ended | 39 Weeks Ended | |||||||||||||||||
| December 1, 2024 | November 26, 2023 | September 1, 2024 | December 1, 2024 | November 26, 2023 | ||||||||||||||||
| Sales | $ | 14,408 | $ | 11,639 | $ | 16,709 | $ | 45,087 | $ | 39,671 | ||||||||||
| Net Earnings before Special Items1 | $ | 1,577 | $ | 1,203 | $ | 2,092 | $ | 5,450 | $ | 5,356 | ||||||||||
| Special Items, Net of Tax: | ||||||||||||||||||||
| Activist Shareholder Defense Costs | - | - | - | - | (570 | ) | ||||||||||||||
| Stock Option Modification | - | - | - | - | (109 | ) | ||||||||||||||
| Loss on Sale of Marketable Securities | - | - | - | - | (65 | ) | ||||||||||||||
| Storm Damage Charge | - | - | (46 | ) | (1,098 | ) | - | |||||||||||||
| Income Tax Effect on Pretax Special Items | - | - | 20 | 284 | 191 | |||||||||||||||
| Net Earnings | $ | 1,577 | $ | 1,203 | $ | 2,066 | $ | 4,636 | $ | 4,803 | ||||||||||
| Basic Earnings per Share: | ||||||||||||||||||||
| Basic Earnings before Special Items1 | $ | 0.08 | $ | 0.06 | $ | 0.10 | $ | 0.27 | $ | 0.26 | ||||||||||
| Special Items: | ||||||||||||||||||||
| Activist Shareholder Defense Costs | - | - | - | - | (0.03 | ) | ||||||||||||||
| Stock Option Modification | - | - | - | - | - | |||||||||||||||
| Loss on Sale of Marketable Securities | - | - | - | - | - | |||||||||||||||
| Storm Damage Charge | - | - | - | (0.05 | ) | - | ||||||||||||||
| Income Tax Effect on Pretax Special Items | - | - | - | 0.01 | 0.01 | |||||||||||||||
| Basic Earnings per Share | $ | 0.08 | $ | 0.06 | $ | 0.10 | $ | 0.23 | $ | 0.24 | ||||||||||
| Diluted Earnings before Special Items1 | $ | 0.08 | $ | 0.06 | $ | 0.10 | $ | 0.27 | $ | 0.26 | ||||||||||
| Special Items: | ||||||||||||||||||||
| Activist Shareholder Defense Costs | - | - | - | - | (0.03 | ) | ||||||||||||||
| Stock Option Modification | - | - | - | - | - | |||||||||||||||
| Loss on Sale of Marketable Securities | - | - | - | - | - | |||||||||||||||
| Storm Damage Charge | - | - | - | (0.05 | ) | - | ||||||||||||||
| Income Tax Effect on Pretax Special Items | - | - | - | 0.01 | 0.01 | |||||||||||||||
| Diluted Earnings per Share | $ | 0.08 | $ | 0.06 | $ | 0.10 | $ | 0.23 | $ | 0.24 | ||||||||||
| Weighted Average Shares Outstanding: | ||||||||||||||||||||
| Basic | 19,982 | 20,250 | 20,216 | 20,150 | 20,323 | |||||||||||||||
| Diluted | 20,077 | 20,355 | 20,291 | 20,246 | 20,406 | |||||||||||||||
| 1 Refer to "Reconciliation of non-GAAP financial measures" below for information regarding Special Items. | ||||||||||||||||||||
Comparative balance sheets (in thousands):
| December 1, 2024 | March 3, 2024 | |||||
| Assets | (unaudited) | |||||
| Current Assets | ||||||
| Cash and Marketable Securities | $ | 70,042 | $ | 77,211 | ||
| Accounts Receivable, Net | 9,687 | 12,381 | ||||
| Inventories | 10,592 | 6,404 | ||||
| Prepaid Expenses and Other Current Assets | 2,243 | 2,849 | ||||
| Total Current Assets | 92,564 | 98,845 | ||||
| Fixed Assets, Net | 21,479 | 23,499 | ||||
| Operating Right-of-use Assets | 320 | 95 | ||||
| Other Assets | 9,859 | 9,870 | ||||
| Total Assets | $ | 124,222 | $ | 132,309 | ||
| Liabilities and Shareholders' Equity | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $ | 5,532 | $ | 3,514 | ||
| Accrued Liabilities | 1,427 | 1,986 | ||||
| Operating Lease Liability | 39 | 53 | ||||
| Income Taxes Payable | 5,258 | 4,105 | ||||
| Total Current Liabilities | 12,256 | 9,658 | ||||
| Long-term Operating Lease Liability | 328 | 82 | ||||
| Non-current Income Taxes Payable | - | 5,259 | ||||
| Deferred Income Taxes | 3,034 | 3,222 | ||||
| Other Liabilities | 1,246 | 1,174 | ||||
| Total Liabilities | 16,864 | 19,395 | ||||
| Shareholders’ Equity | 107,358 | 112,914 | ||||
| Total Liabilities and Shareholders' Equity | $ | 124,222 | $ | 132,309 | ||
| Additional information | ||||||
| Equity per Share | $ | 5.39 | $ | 5.58 | ||
Comparative statements of operations (in thousands – unaudited):
| 13 Weeks Ended | 13 Weeks Ended | 13 Weeks Ended | 39 Weeks Ended | ||||||||||||||||||||
| December 1, 2024 | November 26, 2023 | September 1, 2024 | December 1, 2024 | November 26, 2023 | |||||||||||||||||||
| Net Sales | $ | 14,408 | $ | 11,639 | $ | 16,709 | $ | 45,087 | $ | 39,671 | |||||||||||||
| Cost of Sales | 10,580 | 8,470 | 11,952 | 32,403 | 27,590 | ||||||||||||||||||
| Gross Profit | 3,828 | 3,169 | 4,757 | 12,684 | 12,081 | ||||||||||||||||||
| % of net sales | 26.6 | % | 27.2 | % | 28.5 | % | 28.1 | % | 30.5 | % | |||||||||||||
| Selling, General & Administrative Expenses | 1,982 | 1,804 | 2,140 | 6,139 | 6,272 | ||||||||||||||||||
| % of net sales | 13.8 | % | 15.5 | % | 12.8 | % | 13.6 | % | 15.8 | % | |||||||||||||
| Earnings from Operations | 1,846 | 1,365 | 2,617 | 6,545 | 5,809 | ||||||||||||||||||
| Storm Damage Charge | - | - | (46 | ) | (1,098 | ) | - | ||||||||||||||||
| Interest and Other Income: | |||||||||||||||||||||||
| Interest Income | 290 | 261 | 245 | 874 | 724 | ||||||||||||||||||
| Earnings from Operations before Income Taxes | 2,136 | 1,626 | 2,816 | 6,321 | 6,533 | ||||||||||||||||||
| Income Tax Provision | 559 | 423 | 750 | 1,685 | 1,730 | ||||||||||||||||||
| Net Earnings | $ | 1,577 | $ | 1,203 | $ | 2,066 | $ | 4,636 | $ | 4,803 | |||||||||||||
| % of net sales | 10.9 | % | 10.3 | % | 12.4 | % | 10.3 | % | 12.1 | % | |||||||||||||
Reconciliation of non-GAAP financial measures (in thousands – unaudited):
| Reconciliation of Non-GAAP Financial Measures | |||||||||||||||||||||||
| Reconciliation of GAAP Net Earnings to Adjusted EBITDA | |||||||||||||||||||||||
| 13 Weeks Ended | 13 Weeks Ended | 13 Weeks Ended | 39 Weeks Ended | 39 Weeks Ended | |||||||||||||||||||
| December 1, 2024 | November 26, 2023 | September 1, 2024 | December 1, 2024 | November 26, 2023 | |||||||||||||||||||
| GAAP Net Earnings | $ | 1,577 | $ | 1,203 | $ | 2,066 | $ | 4,636 | $ | 4,803 | |||||||||||||
| Adjustments: | |||||||||||||||||||||||
| Income Tax Provision | 559 | 423 | 750 | 1,685 | 1,730 | ||||||||||||||||||
| Interest Income | (290 | ) | (261 | ) | (245 | ) | (874 | ) | (789 | ) | |||||||||||||
| Depreciation | 464 | 339 | 488 | 1,391 | 984 | ||||||||||||||||||
| Stock Option Expense | 105 | 104 | 101 | 295 | 316 | ||||||||||||||||||
| Special Items: | |||||||||||||||||||||||
| Activist Shareholder Defense Costs | - | - | - | - | 570 | ||||||||||||||||||
| Stock Option Modification Charge (a) | - | - | - | - | 109 | ||||||||||||||||||
| Pre-tax Losses on Sales of Investments (b) | - | - | - | - | 65 | ||||||||||||||||||
| Storm Damage Charge | - | - | 46 | 1,098 | - | ||||||||||||||||||
| Adjusted EBITDA | $ | 2,415 | $ | 1,808 | $ | 3,206 | $ | 8,231 | $ | 7,788 | |||||||||||||
| (a) pre-tax charge for the modification of previously granted stock options in connection with the special dividend in the 2024 fiscal year first quarter | |||||||||||||||||||||||
| (b) to fund the | |||||||||||||||||||||||
FAQ
What were Park Aerospace's (PKE) Q3 FY2025 earnings per share?
How much revenue did Park Aerospace (PKE) generate in Q3 FY2025?
What was Park Aerospace's (PKE) Adjusted EBITDA for Q3 FY2025?
How did Park Aerospace's (PKE) nine-month performance compare to last year?
What special items affected Park Aerospace's (PKE) FY2025 results?
