Park Aerospace Corp. · NYSE:PKE
Park Aerospace — FY2026 Q2 Earnings Presentation
44 slides from Park Aerospace's earnings presentation, Oct 9, 2025
Slide 1: FY2026 Q2 Investor Conference Call
FY2026 Q2 Investor Conference Call October 9, 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 Q2 Investor Presentation……………………………………...……………….Slide 1 Supplementary Financial Information……………………………………………..Appendix 1 James Webb Space Telescope Discovers Cosmic Dust which “Shouldn’t Exist” Outside its Galaxy Thank you, James Webb Space Telescope (The JWST was produced w
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 FY26 Q2 Sales $15,551 $12,481 $11,639 $16,333 $13,970 $16,709 $14,408 $16,939 $15,400 $16,381 Gross Profit $4,833 $4,079 $3,169 $4,454 $4,099** $4,757** $3,828 $4,958 $4,718 $5,116 Gross Marg
Slide 5: Quarterly Results (Continued)
Quarterly Results (Continued) FY2026 Q2 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) • Requalification by one of Park’s key customers of C2B fabric What is the status of the “Requal”? Production vs. Sales… • In FY2026 Q2, our sales value of production (we call it SVP) was well matched with our sales (adjusted for sales of RAYCARB C2B fabric) • Not a
Slide 7: Quarterly Results (Continued)
Quarterly Results (Continued) Impact of tariffs and tariff related costs and charges on FY2026 Q2: Minimal Possible future impact of tariffs and tariff charges discussed later in presentation 100925 Slide 7
Slide 8: FY2026 Q2 Top Five Customers
FY2026 Q2 Top Five Customers (in Alphabetical Order) GKN Aerospace Kratos Defense and Security Solutions Middle River Aerostructure Systems (MRAS) and its subcontractors TexTech Engineered Composites Airbus A321XLR with LEAP-1A Engines The Nordam Group Bombardier Global 7500 Kratos BQM-167 Boeing 78
Slide 9: 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 First 6 Months FY2024 FY2025 FY2026 First 6 Months Revenues: $31.8 Million FY2024 Revenues: FY2025 Revenues: $56.0 Million $6
Slide 10: Park Loves "Niche" Military Aerospace Programs
Park Loves “Niche” Military Aerospace Programs Park’s Estimated FY2026 First 6 Months Military Revenues by Market Segment Lockheed Martin Israeli Aerospace Trident II D5 Ballistic Missile Arrow Anti-Ballistic Missile System Estimated FY2026 First 6 Months Military Revenues: $12.8 Million Northrop Gr
Slide 11: 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 12: 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 13: 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 7,179 Airplanes as of June 30, 2025 (Source: Second Quarter 2025 edition of Aero Engin
Slide 14: Update on GE Aerospace Jet Engine Programs (Continued)
Update on GE Aerospace Jet Engine Programs (Continued) Importantly, engine supply bottleneck from CFM for LEAP-1A engines is reportedly improving Airbus is targeting a delivery rate of 75 A320neo Family Aircraft per month by 2027 Approved Engines for the A320neo Aircraft Family • The A320neo A
Slide 15: Update on GE Aerospace Jet Engine Programs (Continued)
Update on GE Aerospace Jet Engine Programs (Continued) As of June 30, 2025, there were 8,092 firm LEAP-1A engine orders (Source: Second Quarter 2025 edition of Aero Engine News) Airbus A321XLR Aircraft Variant • “The A321XLR is changing to air map of the world” • Quantas kicked off A321XLR Airbu
Slide 16: Update on GE Aerospace Jet Engine Programs (Continued)
Update on GE Aerospace Jet Engine Programs (Continued) Airbus plans to open new A320neo Aircraft Family Final Assembly Lines (FALs) in the US and China this month • These two new FALs, in combination with the existing FALs in Germany and France, will provide Airbus with the manufacturing capabilit
Slide 17: Update on GE Aerospace Jet Engine Programs (Continued)
Update on GE Aerospace Jet Engine Programs (Continued) Comac plans to achieve a production rate of 200 C919 Aircraft per year by 2029 Comac claims to have over 1,000 orders for the C919 Aircraft Comac C909 (formerly the ARJ21) with GE CF34-10A Engines Comac C909 with GE CF34-10A Engines C909
Slide 18: Update on GE Aerospace Jet Engine Programs (Continued)
Update on GE Aerospace Jet Engine Programs (Continued) Boeing reportedly has 565 open orders for its B777X Aircraft Boeing had previously announced that the B777X program was on track for certification in late 2025 and EIS (Entry into Service) in 2026 But the Boeing CEO recently stated that th
Slide 19: 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 FY2024: $21.1 Million FY2021: $13.2 Million FY2025: $24.7 Million FY2022: $26.5 Million FY2026 Q1: $6.2 Million FY2023: $22.3 Million FY2026 Q2: $7.5 Mil
Slide 20: 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 $16.4 Million $3.4 Mil
Slide 21: 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 22: General Park Updates
General Park Updates Agreements with ArianeGroup 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 materials for advance
Slide 23: General Park Updates (Continued)
General Park Updates (Continued) • The purpose of this New Agreement is to provide additional C2B fabric manufacturing capacity to support the rapidly increasing demand for C2B in Europe and North America ArianeGroup recently asked Park to “partner” with them on a study related to the potential si
Slide 24: General Park Updates (Continued)
General Park Updates (Continued) Park recently entered into a new LTA with GE Aerospace for CYs 2025 through 2030 Revenue from the LTA expected to ramp to approximately $5.0 Million per year Park’s discussions with two Asian industrial conglomerates relating to Asian manufacturing joint ventur
Slide 25: General Park Updates (Continued)
General Park Updates (Continued) Making Customers Love us is central to Park’s “Egg Strategy” How do we make our Customers Love us? • With our calling cards of Flexibility, Urgency and Responsiveness • By asking "How High?” before our Customers say “Jump” Making Customers Love us is a boiler r
Slide 26: 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 27: 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 $61.6 Million in Cash and Marketable Securities as of the end of our FY2026 Q2 Park made its final transition tax installment payment of $4.9 Million in FY2026 Q2 Park has paid 40 cons
Slide 28: 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 100925 Slide 28
Slide 29: 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 30: 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 31: War (and Peace?) Park's New Juggernaut
War (and Peace?) Park’s New Juggernaut Unprecedented Demand for Missile Systems Missile Systems stockpiles have been seriously depleted by the wars in Europe and the Mid-East • There is an urgent need to replenish the depleted Missile Systems stockpiles According to WSJ reporting: • The Pentag
Slide 32: War (and Peace?) Park's New Juggernaut (Continued)
War (and Peace?) Park’s New Juggernaut (Continued) • Patriot Missile Systems were moved to Qatar from South Korea and Japan in anticipation of Iran’s ballistic missile strike in response to the US strategic bombing of Iran’s nuclear weapon sites • The “shell game” • But the DOW wants to very signifi
Slide 33: War (and Peace?) Park's New Juggernaut (Continued)
War (and Peace?) Park’s New Juggernaut (Continued) Patriot Missile Systems are planned to be incorporated into President Trump’s Golden Dome missile defense system It is apparent from the reporting that the US plans to do much more than just replenish the depleted stockpile of Patriot Missile Sy
Slide 34: Park's New Juggernaut (Continued)
War (and Peace?) Park’s New Juggernaut (Continued) • But, will that additional manufacturing capacity be enough? As discussed above, Park is partnering with ArianeGroup on a study related to potentially significantly increasing C2B fabric manufacturing capacity, presumably in the US Israel’s Arr
Slide 35: Park's New Juggernaut (Continued)
War (and Peace?) Park’s New Juggernaut (Continued) The above Missile Programs are just a small representation of the critical missile programs Park is supporting or planning to support There are too many programs to iterate here, and many (probably most) are too confidential and sensitive to men
Slide 36: 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 37: 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 long-term business forecast requires it! • Significant requirements and new business opportunities for both hot-melt and solution composite materials • Our long
Slide 38: Major New Expansion of Park's Manufacturing Facilities (Continued)
Major New Expansion of Park’s Manufacturing Facilities – an Update (Continued) We are not sharing our new long-term business forecast at this time, but... The opportunities for Park are significant The timing is now...we must take advantage of the opportunities now...we must not hesitate or we
Slide 39: How are We Doing at Park?
How are We Doing at Park? What are Park’s objectives? How do we measure success? By getting qualified (sole source qualified) on the chosen special aerospace programs that we want to be connected with Once we get qualified on our chosen special programs, our objectives have been achieved And
Slide 40: How are We Doing at Park? (Continued)
How are We Doing at Park? (Continued) And we were nobodies when we came into the aerospace industry and we came from nowhere • Were we welcomed into the industry with open arms? We achieved what we achieved against great odds Are we lucky? If you asked me, we earned everything we got… Are
Slide 41: How are We Doing at Park? (Continued)
How are We Doing at Park? (Continued) Very fortunately for all of us, Park had the courage and conviction to stay the course with our principles and our simple but elegant “Egg Strategy” in the face of sometimes unrelenting doubts, negativity and skepticism So, how are we doing at Park? We belie
Slide 42: Appendix
100925 Slide 42
Slide 43: Appendix 1 Continued
Park Aerospace Corp. Appendix 1 Continued October 9, 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 Exch
Slide 44: Appendix 1
Appendix 1 Before special items, earnings before income taxes for the 2026 fiscal year second quarter were $3.2 million, or 19.7% of sales, compared to $2.9 million, or 17.1% of sales, for the 2025 fiscal year second quarter and $2.8 million, or 18.0% of sales, for the 2026 fiscal year first quarter