Park Aerospace Corp. · NYSE:PKE
Park Aerospace — Q1 FY2026 Earnings Presentation
41 slides from Park Aerospace's earnings presentation, Jul 15, 2025
Slide 1: FY2026 Q1 Investor Conference Call
FY2026 Q1 Investor Conference Call July 15, 2025 ***Founded March 31, 1954***
Slide 2: Forward Looking Disclaimer
Forward Looking Disclaimer This presentation contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give current expectations or forecasts of future events or our future financial or operatin
Slide 3: Table of Contents
Table of Contents FY2026 Q1 Investor Presentation……………………………………...……………….Slide 1 Supplementary Financial Information……………………………………………..Appendix 1 *Dark Matter is an invisible and hypothetical form of matter which does not interact with light or other electromagnetic radiation...dark matter is a myst
Slide 4: Quarterly Results (In Thousands)
Quarterly Results (In Thousands)* FY24 Q1 FY24 Q2 FY24 Q3 FY24 Q4*** FY25 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY26 Q1 Sales $15,551 $12,481 $11,639 $16,333 $13,970 $16,709 $14,408 $16,939 $15,400 Gross Profit $4,833 $4,079 $3,169 $4,454 $4,099** $4,757** $3,828 $4,958 $4,718 Gross Margin 31.1% 32.7% 27.2% 27
Slide 5: Quarterly Results (Continued)
Quarterly Results (Continued) FY2026 Q1 Considerations: ArianeGroup Business Partner Agreement • Park entered into a Business Partner Agreement with ArianeGroup in January 2022 under which Ariane appointed Park as its exclusive North American distributor for their RAYCARB C2®B fabric used to pro
Slide 6: Quarterly Results (Continued)
Quarterly Results (Continued) Production vs. Sales… • In FY2026 Q1, our sales value of production (we call it SVP) was well-matched with our sales (adjusted for sales of RAYCARB C2B fabric) • Not a meaningful factor in FY26 Q1 There were significant ongoing expenses related to operating our new
Slide 7: FY2026 Q1 Top Five Customers
FY2026 Q1 Top Five Customers AAE Aerospace (in Alphabetical Order) Aerojet Rocketdyne GKN Aerospace Kratos Defense and Security Solutions Middle River Aerostructure Systems Boeing 787 Commercial Aircraft (MRAS) and its subcontractors Kratos XQ-58A Valkyrie Unmanned Tactical Aircraft Northrop Grumman
Slide 8: Park's Estimated Revenues by Aerospace Market Segment
Park’s Estimated Revenues by Aerospace Market Segment FY2021 FY2022 FY2023 FY2021 Revenues: FY2022 Revenues: FY2023 Revenues: $46.3 Million $53.6 Million $54.1 Million FY2026 FY2024 FY2025 FY2026 Q1 Revenues: $15.4 Million FY2024 Revenues: FY2025 Revenues: $56.0 Million $62.0 Million 071525 Slide 8
Slide 9: Park Loves "Niche" Military Aerospace Programs
Park Loves “Niche” Military Aerospace Programs Park’s Estimated FY2026 Q1 Military Revenues by Market Segment Aster Vertical Launch Lockheed Martin Surface to Air MK41 Vertical Launch Missile System Estimated FY2026 Q1 Military System Revenues: $6.8 Million MK30 Cannister for Raytheon MK125 Warhead
Slide 10: GE Aerospace Jet Engine Programs
GE Aerospace Jet Engine Programs Firm Pricing LTA (Requirements Contract) from 2019 through 2029 with Middle River Aerostructure Systems (MRAS), a subsidiary of ST Engineering Aerospace (STE) Redundant Factory…in production Sole Source for Composite Materials for Engine Nacelles and Thrust Rev
Slide 11: GE Aerospace Jet Engine Programs (Continued)
GE Aerospace Jet Engine Programs (Continued) Park Composite Materials are also Sole Source on primary structure component for Passport 20 Engines for Bombardier Global 7500/8000 (included in GE Aerospace LTA through 2030) Fan Case Containment Wrap for GE9X Engines for Boeing 777X Aircraft Prod
Slide 12: Update on GE Aerospace Jet Engine Programs
Update on GE Aerospace Jet Engine Programs A320neo Aircraft Family (includes A319neo, A320neo, A321neo, A321LR and A321XLR Aircraft Variants) Airbus has a huge backlog of A320neo Aircraft Family firm orders of 7,256 Airplanes as of March 31, 2025 (Source: First Quarter 2025 edition of Aero Engin
Slide 13: Update on GE Aerospace Jet Engine Programs (Continued)
Update on GE Aerospace Jet Engine Programs (Continued) Approved Engines for the A320neo Aircraft Family • The A320neo Aircraft Family offers two approved engine options, namely the CFM LEAP-1A engine and the Pratt PW1100G (GTF) engine • Park supplies into the A320neo Family Aircraft using the CFM
Slide 14: Update on GE Aerospace Jet Engine Programs (Continued)
Update on GE Aerospace Jet Engine Programs (Continued) Airbus A321XLR Aircraft Variant • The A321XLR is off to the races • July 5, 2025...Air Asia inks $12.3 Billion agreement for up to 70 A321XLR Aircraft • “The A321XLR is changing to air map of the world” (CNN, February 13, 2025) • And Boeing ha
Slide 15: Update on GE Aerospace Jet Engine Programs (Continued)
Update on GE Aerospace Jet Engine Programs (Continued) Comac C919 with CFM LEAP-1C Engines Comac is targeting 30 C919 Aircraft deliveries in 2025 Comac plans to achieve a production rate of 200 C919 Aircraft per year by 2029 Comac reported to have over 1,000 orders for the C919 Aircraft Wh
Slide 16: Update on GE Aerospace Jet Engine Programs (Continued)
Update on GE Aerospace Jet Engine Programs (Continued) Comac C909 (formerly the ARJ21) with GE CF34-10A Engines C909 Aircraft delivered to Lao Airlines and Vietjet U.S. has reportedly lifted ban on GE Aerospace export license for CF34-10A Engines Comac C909 with GE CF34-10A Engines Boeing 77
Slide 17: GE Aerospace Jet Engine Programs Sales History and Forecast Estimates
GE Aerospace Jet Engine Programs Sales History and Forecast Estimates GE Aerospace Programs Sales history: FY2020: $28.9 Million FY2025: $24.7 Million FY2021: $13.2 Million FY2026 Q1: $6.2 Million FY2022: $26.5 Million FY2023: $22.3 Million FY2024: $21.1 Million GE Aerospace Progra
Slide 18: Park's Financial Performance History and Forecast Estimate
Park’s Financial Performance History and Forecast Estimate* Sales and Adjusted EBITDA history: Sales Adjusted EBITDA FY2023 $54.1 Million $11.5 Million FY2024 $56.0 Million $11.0 Million** FY2025 $62.0 Million*** $11.6 Million** FY2026 Q1 $15.4 Million $3.0 Million FY2026 Q2 Financial Forecast E
Slide 19: Historical Fiscal Year Results (In Thousands)
Historical Fiscal Year Results (In Thousands)* FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024*** FY2025 Sales $31,837 $40,230 $51,116 $60,014 $46,276 $53,578 $54,055 $56,004 $62,026 Gross Profit $8,299 $11,288 $16,184 $18,673 $13,191 $17,917 $16,473 $16,534 $17,642 Gross Margin 26.7% 28.1%
Slide 20: General Park Updates
General Park Updates New Agreement with ArianeGroup Remember that Park entered into a Business Partner Agreement with ArianeGroup in January 2022 under which Ariane appointed Park as its exclusive North American distributor for Ariane’s RAYCARB C2B fabric used to produce ablative composite mater
Slide 21: General Park Updates (Continued)
General Park Updates (Continued) • The purpose of this New Agreement is to provide the additional C2B fabric manufacturing capacity necessary to support the rapidly increasing demand for C2B in Europe and North America Park’s Lightning Strike Protection materials were certified on the GE Aerospace
Slide 22: General Park Updates (Continued)
General Park Updates (Continued) Current MRAS Supplier Scorecard… Park’s scores: • 12 Month Rolling Composite Score: 100.00 • 12 Month Rolling Acceptance Rate: 100.00 • 12 Month Rolling SU Rate: 100.00 What is this MRAS Love worth to Park? And MRAS is not the only Customer who Loves us Mak
Slide 23: Park's Share Buy-back Authorization and Activity...an Update
Park’s Share Buy-back Authorization and Activity…an Update As announced on May 23, 2022, Park’s Board of Directors authorized Park’s purchase of up to 1,500,000 shares of the Company’s Common Stock on the open market and in privately negotiated transactions Under this authorization, Park has pur
Slide 24: Park's Balance Sheet, Cash and Incredible Cash Dividend History
Park’s Balance Sheet, Cash and Incredible Cash Dividend History Park has zero long term debt! Park reported $65.6 Million in Cash and Marketable Securities as of the end of our FY2026 Q1 Park has paid 40 consecutive years of uninterrupted regular quarterly cash dividends without ever skipping
Slide 25: Financial Outlooks for GE Aerospace Jet Engine Programs...the "Juggernaut"
Financial Outlooks for GE Aerospace Jet Engine Programs…the “Juggernaut” What is the “timing” for the Juggernaut? We are not sure, but the Juggernaut is coming, it can’t be stopped and we better be ready! Airbus A321neo with LEAP-1A Engine 071525 Slide 25
Slide 26: GE Aerospace Jet Engine Programs Revenue Outlook...the "Juggernaut"
GE Aerospace Jet Engine Programs Revenue Outlook…the “Juggernaut” Engine Units per Year Revenue per Engine Annual Revenues per Program Assumptions¹ Unit Estimates² Program Estimates 4 A320neo³ 1080 $30,500 $32,940K 5 PP20 90 $49,000 $4,410K 6 C919 300 $26,500 $7,950K 7 C909 72 $29,500 $2,125K 8 GE9X
Slide 27: Revenue Outlook...the "Juggernaut" (Continued)
GE Aerospace Jet Engine Programs Revenue Outlook…the “Juggernaut” (Continued) ¹ Except for the engine units per year assumption for the A320neo Aircraft Family, which is addressed in footnote 4 below, the engine units per year assumption estimates are based upon historical data, customer inputs and
Slide 28: War (and Peace?) Park's New Juggernaut
War (and Peace?) Park’s New Juggernaut Supplies of Key Missile Defense Systems are reportedly seriously depleted as a result of the recent wars in the Mideast and Europe There is an urgent need to replenish those systems The PAC-3 Patriot Missile Defense System The largest deployment of PAC-
Slide 29: War (and Peace?) Park's New Juggernaut (Continued)
War (and Peace?) Park’s New Juggernaut (Continued) In a news conference at the recent NATO Summit, President Trump stated, in response to a Ukrainian reporter’s question about providing additional Patriot Missiles to Ukraine, “We are going to see if we can make some available”, but the US is suppl
Slide 30: War (and Peace?) Park's New Juggernaut (Continued)
War (and Peace?) Park’s New Juggernaut (Continued) Then, in a news conference at the White House yesterday with President Trump and NATO Secretary General Mark Rutte, President Trump announced that, in response to Russia’s continued military aggression, weapon system shipments to Ukraine, includin
Slide 31: War (and Peace?) Park's New Juggernaut (Continued)
War (and Peace?) Park’s New Juggernaut (Continued) It is apparent from the reporting that the US plans to do much more than just replenish the depleted stockpile of Patriot Missile Systems Park supports the PAC-3 Patriot Missile System with specialty ablative materials produced with ArianeGroup’
Slide 32: Park's New Juggernaut (Continued)
War (and Peace?) Park’s New Juggernaut (Continued) • The “Ts and Cs” of this agreement are being negotiated • When processed by Park into ablative materials, $40 million of C2B fabric would “translate” into a significant amount of ablative material sales Israel’s Arrow 3 and Arrow 4 Missile Defens
Slide 33: Park's New Juggernaut (Continued)
War (and Peace?) Park’s New Juggernaut (Continued) What “signals” is Park receiving from the market about these weapon systems? Is the US planning to rely exclusively on missile defense systems in the future? Are we done with “MAD” (mutually assured destruction) from the Cold War days? Maybe n
Slide 34: Park's New Juggernaut (Continued)
War (and Peace?) Park’s New Juggernaut (Continued) As a general matter, It is more difficult to discuss the defense programs we support as compared to the commercial programs we support Many of the defense programs are highly sensitive and confidential But please understand that there are seve
Slide 35: Major New Expansion of Park's Manufacturing Facilities – an Update
Major New Expansion of Park’s Manufacturing Facilities – an Update Park is planning a major new expansion of its manufacturing facilities The planned expansion will include a new manufacturing plant The new manufacturing plant may be located at our Newton, Kansas campus or elsewhere The plan
Slide 36: Major New Expansion of Park's Manufacturing Facilities (Continued)
Major New Expansion of Park’s Manufacturing Facilities – an Update (Continued) Why are we doing this? Our Juggernauts require it! Our new long-term business forecast requires it! • Significant requirements and new business opportunities for both hot-melt and solution composite materials • Defe
Slide 37: Major New Expansion of Park's Manufacturing Facilities (Continued)
Major New Expansion of Park’s Manufacturing Facilities – an Update (Continued) We are thinking and planning for the long term...conceptually five years out We are thinking and planning for our future We are not sharing our new long-term business forecast at this time, but, suffice to say for n
Slide 38: Park Aerospace Corp. High-level Conceptual Financial Outlook (in Millions)
Park Aerospace Corp. High-level Conceptual Financial Outlook (in Millions) Sales EBITDA FY2024 Baseline Year $56.0 $11.0 Estimated GE Programs Incremental Sales¹ $40.3 Estimated Non-GE Programs Incremental Sales² $??? Estimated Revenue Outlook3 $??? Estimated EBITDA contribution from incremental sal
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Slide 40: Appendix 1 Continued
Park Aerospace Corp. Appendix 1 Continued July 15, 2025 Investor Conference Call – Supplementary Financial Information The financial and other data contained herein (the “Supplementary Data”) is being provided pursuant to the requirements of Regulation G promulgated by the U.S. Securities and Exchan
Slide 41: Appendix 1
Appendix 1 Before special items, earnings before income taxes for the 2026 fiscal year first quarter were $2.8 million, or 18.0% of sales, compared to $2.4 million, or 17.3% of sales, for the 2025 fiscal year first quarter and $3.2 million, or 18.8% of sales, for the 2025 fiscal year fourth quarter.