PARK AEROSPACE CORP

Listed Company

PKECIK 0000076267NYSENon-AcceleratedSmaller ReportingAircraft Parts & Auxiliary Equipment, NecNew YorkFY ends Mar 1

Period

FY 2026

Revenue

—

Net Income

$11.27M

Total Assets

$142.23M

Equity

$129.95M

Shares Out

20.88M

Op. Cash Flow

$11.50M

Business

PARK AEROSPACE CORP develops and manufactures advanced composite materials and fabricates composite parts, structures and low-volume tooling for the aerospace industry. Its primary products include thermoset curing prepregs, film adhesives, lightning strike protection materials, ablative materials for rocket motors and specially designed radome materials, as well as proprietary SigmaStrut™ and AlphaStrut™ composite components. Key business activities comprise composite materials R&D and production, composite structures and assemblies manufacturing, and low-volume/prototype tooling. The Company sells principally to aerospace OEMs, tier‑1 suppliers, fabricators and defense prime contractors through direct sales and select distributors in global aerospace and space markets.

Summary from filing dated 2025-05-30

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	Mar 1, 2026 2026-03-01	Mar 2, 2025 2025-03-02	Mar 3, 2024 2024-03-03
Net sales	73	62	56
Cost of sales	51	44	39
Gross profit	23	18	17
Selling, general and administrative expenses	9	8	8
Earnings from operations	14	9	8
Storm damage charge	0	1	0
Interest and other income	2	1	1
Earnings from operations before income taxes	15	10	9
Income tax provision (Note 4)	4	4	2
Net earnings	11	6	7
Basic:	—	—	—
Basic earnings per share (in dollars per share)	0.56	0.29	0.37
Basic weighted average shares (in shares)	20	20	20
Diluted:	—	—	—
Diluted earnings per share (in dollars per share)	0.56	0.29	0.37
Diluted weighted average shares (in shares)	20	20	20

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	Mar 1, 2026 2026-03-01	Mar 2, 2025 2025-03-02
Current assets:	—	—
Cash and cash equivalents	78	22
Marketable securities (Note 2)	11	47
Accounts receivable, less allowance for credit losses of $111 and $125, respectively	11	13
Inventories (Note 3)	7	7
Prepaid expenses and other current assets	918,000	1
Total current assets	109	90
Property, plant and equipment, net (Note 3)	22	22
Operating right-of-use assets (Note 9)	256,000	308,000
Goodwill and other intangible assets, net (Note 3)	10	10
Other assets	2	80,000
Total assets	142	122
Current liabilities:	—	—
Accounts payable	4	3
Operating lease liabilities (Note 9)	44,000	40,000
Accrued liabilities (Note 3)	2	1
Income taxes payable (Note 4)	634,000	5
Total current liabilities	6	9
Long-term operating lease liabilities (Note 9)	273,000	318,000
Deferred income taxes (Note 4)	6	5
Other liabilities (Note 4)	39,000	71,000
Total liabilities	12	15
Commitments and contingencies (Notes 9 and 10)	—	—
Shareholders' equity (Note 6):	—	—
Preferred stock, $1 par value per shares-authorized, 500,000 shares; issued, none	0	0
Common Stock, Par or Stated Value Per Share (in dollars per share)	0.1	0.1
Common stock, $0.10 par value per shares-authorized, 60,000,000 shares; issued, 20,965,144 shares	2	2
Additional paid-in capital	177	170
Accumulated deficit	−48	−50
Accumulated other comprehensive loss	−65,000	−665,000
Stockholders' Equity, Including Treasury Stock	131	122
Less treasury stock, at cost, 87,285 and 962,476 shares, respectively	1	15
Total shareholders' equity	130	107
Total liabilities and shareholders' equity	142	122

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	Mar 1, 2026 2026-03-01	Mar 2, 2025 2025-03-02	Mar 3, 2024 2024-03-03
Cash flows from operating activities:	—	—	—
Net earnings	11	6	7
Adjustments to reconcile net earnings to net cash provided by operating activities:	—	—	—
Non-cash storm damage charge	0	887,000	0
Depreciation and amortization	2	2	1
Stock-based compensation	401,000	402,000	529,000
Allowance for credit losses	46,000	6,000	16,000
Provision for deferred income taxes	705,000	2	1
Amortization of bond premium	0	126,000	315,000
Loss on sale of marketable securities	−50,000	−57,000	−184,000
Gain on sale of fixed assets	0	22,000	0
Accounts receivable	−2	528,000	2
Inventories	198,000	809,000	−364,000
Prepaid expenses and other current assets	−426,000	−2	5,000
Other assets and liabilities	2	1	554,000
Accounts payable	1	−1	−1
Accrued liabilities	280,000	−668,000	640,000
Income taxes payable	−5	−4	−4
Net cash provided by (used in) operating activities	11	5	4
Cash flows from investing activities:	—	—	—
Purchases of property, plant and equipment	2	889,000	645,000
Proceeds from sales of property, plant and equipment	0	22,000	0
Purchases of marketable securities	2	8	8
Proceeds from sales and maturities of marketable securities	39	33	40
Net cash provided by investing activities	35	24	31
Cash flows from financing activities:	—	—	—
Dividends paid	10	10	31
Proceeds from exercise of stock options	912,000	660,000	38,000
Proceeds from issuance of stock, net of issuance costs	22	0	0
Purchase of treasury stock	2	4	3
Net cash provided by (used in) financing activities	11	−14	−33
Increase in cash and cash equivalents	57	15	2
Cash and cash equivalents, end of year	—	—	—
Cash and cash equivalents, end of year	—	—	—
Supplemental disclosure of non-cash activities:	—	—	—
Addition to operating right-of-use asset from new operating lease liability	0	267,000	0

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