Park Aerospace Corp. · NYSE:PKE
Park Aerospace — Q1 FY2027 Earnings Presentation
45 slides from Park Aerospace's earnings presentation, Jul 20, 2026
Slide 1: Company Presentation
Company Presentation July 20, 2026 ***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: Our Business
Our Business Park Aerospace Corp. develops and manufactures Solution and Hot-Melt Advanced Composite Materials used to produce composite structures for global aerospace markets: Wide array of prepreg materials specifically designed for hand lay-up or automated fiber placement (AFP) manufacturing
Slide 4: Our Business (Continued)
Our Business (Continued) Park Aerospace also offers: Specialty Ablative materials for Rocket Motors and Nozzles Specially designed materials for Radome Applications (including RadarWave® materials) As a complement to our Advanced Composite Materials offering, Park Aerospace designs and fabri
Slide 5: Our History
Our History Park founded on March 31, 1954 by Jerry Shore and Tony Chiesa under the name Park Nameplate, Inc. with $40 Thousand Investment Original business was nameplate and decorative trim Company started in a 2,500 square feet “factory” (garage?) in Woodside, Queens with 5 employees Park’s
Slide 6: Our History (Continued)
Our History (Continued) November 17, 1960 Park changes name to Park Electrochemical Corp. and goes Public 1961 Park acquires New England Laminates Company (“Nelco”) in Stamford, CT for ~$200 Thousand 1962 Park develops Multilayer Printed Circuit Boards for Lockheed Sunnyvale for ICMBs 1969 Park goes
Slide 7: Our History (Continued)
Our History (Continued) 1985 Park commences regular Quarterly Cash Dividend Jan 2007 Park commits to Aerospace as second major area of business focus Jan 17, 2008 Ground-breaking of Park’s New 54,000 square feet Aerospace Composite Materials Facility in an empty field in Newton, KS August 2009 Park
Slide 8: Our History (Continued)
Our History (Continued) December 2018 Park announces Major 90,000 square feet Expansion of Newton, KS Facility December 2018 Park sells its Electronics Business to AGC Inc. of Tokyo, Japan December 2018 Park’s transformation from an Electronics Company into an Aerospace Company is complete July 17,
Slide 9: Major Expansion of Newton, KS Facilities
Major Expansion of Newton, KS Facilities December 2018…Park announces Major 90,000 square feet Expansion of Newton, KS Manufacturing and Development Facilities Redundant Plant for GE Aerospace, MRAS and their Aircraft OEM Customers Plant is also needed for Manufacturing Capacity Expansion do
Slide 10: FY2027 Q1 Top Five Customers
FY2027 Q1 Top Five Customers (in Alphabetical Order) AAE Aerospace GKN Aerospace Kratos Defense & Security Solutions Middle River Aerostructure Systems Patriot PAC-3 MSE (MRAS) and its subcontractors Missile System The Nordam Group Bombardier Global 8000 Airbus A321XLR with LEAP-1A Engine Boeing 787
Slide 11: Aerospace Market Segment
Park’s Estimated Revenues by Aerospace Market Segment FY2022 FY2023 FY2024 FY2022 Revenues: FY2023 Revenues: FY2024 Revenues: $53.6 Million $54.1 Million $56.0 Million FY2027 Q1 FY2025 FY2026 FY2027 Q1 Revenues: FY2025 Revenues: $18.3 Million FY2026 Revenues: $62.0 Million $73.3 Million 072026 Slide
Slide 12: Park Loves "Niche" Military Aerospace Programs
Park Loves “Niche” Military Aerospace Programs Park’s Estimated FY2027 Q1 Military Revenues by Market Segment Raytheon Tomahawk Cruise Missile MK30 Canister for Raytheon Evolved SeaSparrow Missile (ESSM) Estimated FY2027 Q1 Military Revenues: $7.9 Million MK56 Guided Missile Vertical Lockheed Martin
Slide 13: 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) Park built Redundant Factory in Newton, KS to support GE Aerospace Programs…completed in 2021 Sole Sou
Slide 14: GE Aerospace Jet Engine Programs (Continued)
GE Aerospace Jet Engine Programs (Continued) Fan Case Containment Wrap for GE9X Engines for Boeing 777X Aircraft Produced with Park’s “AFP” and other Park Composite Materials MRAS/Park LTA was amended to include Three Proprietary Park Film Adhesive Product Forms for composite bond and metal bo
Slide 15: 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) As of May 2026, Airbus had delivered 4,470 A320neo Family Aircraft Airbus has a backlog of A320neo Aircraft Family firm orders of 7,493 Airplanes as of
Slide 16: Update on GE Aerospace Jet Engine Programs (Continued)
Update on GE Aerospace Jet Engine Programs (Continued) Airbus is targeting an A320neo Aircraft Family delivery rate of 70 to 75 per month by the end of 2027, stabilizing to a rate of 75 per month thereafter Approved Engines for the A320neo Aircraft Family • The A320neo Aircraft Family offers two
Slide 17: Update on GE Aerospace Jet Engine Programs (Continued)
Update on GE Aerospace Jet Engine Programs (Continued) The Pratt PW1100G (GTF) engine has struggled with serious reliability issues Reliability has been a positive selling point for the CFM LEAP-1A engine And, according to Airbus, there now is a serious shortage of Pratt PW1100G engines Mean
Slide 18: 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 increasing manufacturing capacity to achieve production rates of 150 C919 Aircraft per year by 2027 and 200 C919 Aircraft per year by 2029 Comac reportedly has over 1,200 orders for the C919 Air
Slide 19: Update on GE Aerospace Jet Engine Programs (Continued)
Update on GE Aerospace Jet Engine Programs (Continued) Boeing 777X Aircraft with GE9X Engines B777X test flight program has amassed over 1,600 flights and nearly 4,700 flight hours Boeing reportedly has over 650 open orders for its B777X Aircraft The B777X certification test program has move
Slide 20: 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: FY2024: $21.1 Million FY2020: $28.9 Million FY2025: $24.7 Million FY2021: $13.2 Million FY2026 Q1: $6.2 Million FY2022: $26.5 Million FY2026 Q2: $7.5 Million FY2023: $22.3 Mil
Slide 21: Park's Financial Performance History and Forecast Estimates
Park’s Financial Performance History and Forecast Estimates 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 Million
Slide 22: Historical Fiscal Year Results (In Thousands)
Historical Fiscal Year Results (In Thousands)* FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024*** FY2025 FY2026 Sales $31,837 $40,230 $51,116 $60,014 $46,276 $53,578 $54,055 $56,004 $62,026 $73,301 Gross Profit $8,299 $11,288 $16,184 $18,673 $13,191 $17,917 $16,473 $16,534 $17,642 $22,672 Gr
Slide 23: Park's Share Buy-back Authorization and Activity
Park’s Share Buy-back Authorization and Activity 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 purchased a t
Slide 24: Park's Recent Public Offering
Park’s Recent Public Offering On January 13, 2026, Park filed a Form S-3 Registration Statement and Prospectus Supplement with the SEC for a $50 Million “At-the-Market” (ATM) public offering of Park’s Common Stock During Park’s FY2026 Q4, under the Registration Statement and Prospectus Supplemen
Slide 25: Park's Recent Public Offering (Continued)
Park’s Recent Public Offering (Continued) During Park’s FY2027 Q2 (in June), under the Registration Statement, Park sold 869,852 shares of its Common Stock for total proceeds (before commissions and expenses) of $27,174,000 or $31.24 per share Under the Registration Statement, Park sold a total
Slide 26: 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 $89.4 Million in Cash and Marketable Securities as of the end of our FY2027 Q1 Park’s Cash and Marketable Securities is estimated to be approximately $114 Million at the end of June 2026
Slide 27: Cash Dividend History (Continued)
Park’s Balance Sheet, Cash and Incredible Cash Dividend History (Continued) Park has paid $613.7 Million, or $29.975 per share, in cash dividends since the beginning of FY2005! When the $0.125 per share cash dividend declared on June 8, 2026 is paid on August 3, 2026, Park will have paid over $3
Slide 28: Financial Outlook for GE Aerospace Jet Engine Programs
Financial Outlook for GE Aerospace Jet Engine Programs…the “Commercial Aircraft Juggernaut” What is the “timing” for the Commercial Aircraft Juggernaut? The Commercial Aircraft Juggernaut is Here! Commercial Aircraft Juggernaut drivers: Airbus’ aggressive ramp up of A320neo Aircraft Family p
Slide 29: GE Aerospace Jet Engine Programs Revenue Outlook
GE Aerospace Jet Engine Programs Revenue Outlook…the “Commercial Aircraft Juggernaut” Engine Units per Year Revenue per Engine Annual Revenues per Program Assumptions¹ Unit Estimates² Program Estimates 4 A320neo³ 1080 $29,500 $31,860K 5 PP20 90 $66,500 $5,985K 6 C919 300 $27,500 $8,250K 7 C909 72 $3
Slide 30: GE Aerospace Jet Engine Programs Revenue Outlook (Continued)
GE Aerospace Jet Engine Programs Revenue Outlook…the “Commercial Aircraft 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,
Slide 31: Missile Systems: Park's New Juggernaut and Next Big Thing
Missile Systems Park’s New Juggernaut and Next Big Thing Park’s Missile Systems “Niche” Park specializes in the design and manufacture of advanced composite “ablative” materials used to produce solid rocket motor structures and heat shields for critical missile systems, including the PAC-3 Patri
Slide 32: Missile Systems (Continued)
Missile Systems Park’s New Juggernaut and Next Big Thing (Continued) • There is much reporting about how badly stockpiles of critical missile systems, including the PAC-3 and other missile systems Park supports, have been depleted as a result of the War with Iran We will not repeat or cover that r
Slide 33: Missile Systems (Continued)
Missile Systems Park’s New Juggernaut and Next Big Thing (Continued) On March 6, 2026, President Trump met in the White House with seven top defense contractors, including Lockheed Martin and L3Harris Missile Solutions, at which meeting the contractors reportedly agreed to QUADRUPLE production of
Slide 34: Missile Systems (Continued)
Missile Systems Park’s New Juggernaut and Next Big Thing (Continued) Stockpiles of PAC-3 Missile System interceptors were already badly depleted by the ongoing War in Europe and last year’s June 12-day Mideast War We do not want to repeat the reporting here because it may not be appropriate to d
Slide 35: Missile Systems (Continued)
Missile Systems Park’s New Juggernaut and Next Big Thing (Continued) Did you see the report that, on July 5, dozens of people were killed in Ukraine by Russian ballistic missiles which Ukraine was not able to intercept and shoot down because of a “serious shortage” of Patriot missile interceptors?
Slide 36: Missile Systems (Continued)
Missile Systems Park’s New Juggernaut and Next Big Thing (Continued) Park’s relationship with ArianeGroup and its predecessors goes back to the early 2000s; Park is proud to be ArianeGroup’s “partner” ArianeGroup produces a proprietary fabric called RAYCARB C2®B which is used to produce ablative
Slide 37: Missile Systems (Continued)
Missile Systems Park’s New Juggernaut and Next Big Thing (Continued) • Park paid the second installment of €1,834,862 of this advance in our FY2027 Q1 • Park will pay the third and final installment of €1,376,000 of this advance in our FY2028 Q1 What is the purpose of the €4,587,000 advance paymen
Slide 38: Missile Systems (Continued)
Missile Systems Park’s New Juggernaut and Next Big Thing (Continued) On July 18, 2026, ArianeGroup SAS and Park Aerospace Corp. entered into a Term Sheet agreement relating to the construction and establishment, by ArianeGroup, of a US based C2®B fabric manufacturing plant with expected C2®B fabri
Slide 39: Missile Systems (Continued)
Missile Systems Park’s New Juggernaut and Next Big Thing (Continued) • And, as provided in the Term Sheet agreement, 100% of the output of ArianeGroup’s US based C2®B fabric manufacturing plant will be allocated to Park Also, on July 9, 2026, Park entered into a Letter of Agreement with a large de
Slide 40: Missile Systems (Continued)
Missile Systems Park’s New Juggernaut and Next Big Thing (Continued) Why is Park making the $25 million advance payments commitment? • Because it is necessary in order for Ariane to proceed with the construction of their US based C2®B fabric manufacturing plant…and we believe it is highly urgent t
Slide 41: Missile Systems (Continued)
Missile Systems Park’s New Juggernaut and Next Big Thing (Continued) • But let’s talk dollars and cents for a minute…under the terms of the Term Sheet, there is a minimum required purchase of C2®B fabric from 2030 through 2036 That is not a forecast…it is a minimum required purchase under the Term
Slide 42: Park's Major New Manufacturing Plant
Park’s Major New Manufacturing Plant On July 17, 2026, Park entered into a long term lease agreement to lease 18 acres of land at the Tulsa, Oklahoma International Airport The Tulsa International Airport will be the site of Park’s Major New Manufacturing Plant But the site will also provide sp
Slide 43: Park's Major New Manufacturing Plant (Continued)
Park’s Major New Manufacturing Plant (Continued) Approximate planned timeline for the New Plant Facility complete in FY28 Production and shipment to customers commence in FY29 Park’s new plant is designed to produce and support Park’s complete composite materials product line, including spec
Slide 44: Park's Major New Manufacturing Plant (Continued)
Park’s Major New Manufacturing Plant (Continued) Why are we building our major new manufacturing plant? Because our Commercial Aircraft Juggernaut and our Missile Systems Juggernaut and Next Big Thing require it To enable, facilitate and inspire Park’s growth and development as a Company for t
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