Park Aerospace Corp. · NYSE:PKE
Park Aerospace — FY2026 Earnings Presentation
42 slides from Park Aerospace's earnings presentation, May 28, 2026
Slide 1: Company Presentation May 28, 2026
Company Presentation May 28, 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: FY2026 Q4 Top Five Customers (in Alphabetical Order)
FY2026 Q4 Top Five Customers (in Alphabetical Order) AAE Aerospace Kratos Defense and Security Solutions Middle River Aerostructure Systems (MRAS) and its subcontractors L3Harris Missile Solutions (Aerojet Rocketdyne) Lockheed Martin PAC-3 The Nordam Group Patriot Missile Defense System Kratos BQM-1
Slide 11: 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 Revenues: FY2024 Revenues: $73.3 Million FY2025 Revenues: $56.0 Million $62.0 Million 052826 Slide 11
Slide 12: Park Loves "Niche" Military Aerospace Programs
Park Loves “Niche” Military Aerospace Programs Park’s Estimated FY2026 Military Revenues by Market Segment Kratos XQ-58 Valkyrie Raytheon Tomahawk Cruise Missile Tactical Unmanned Aircraft Estimated FY2026 Military Revenues: $33.5 Million MK30 Canister for Raytheon Lockheed Martin UAE’s Halcon Syste
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) Redundant Factory…in production Sole Source for Composite Materials for various Engine Nacelle and Thr
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 Formulation Product Forms for composite bond
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 March 2026, Airbus had already delivered 4,453 A320neo Family Aircraft Airbus has a backlog of A320neo Aircraft Family firm orders of 7,412 Airpla
Slide 16: Update on GE Aerospace Jet Engine Programs (Continued)
Update on GE Aerospace Jet Engine Programs (Continued) • 2026 April YTD: 136 Deliveries Airbus is off to somewhat of a slow start with A320neo Aircraft Family deliveries in 2026 o Why is that? Airbus had been targeting a delivery rate of 75 A320neo Family Aircraft per month by 2027 • But Airbus
Slide 17: Update on GE Aerospace Jet Engine Programs (Continued)
Update on GE Aerospace Jet Engine Programs (Continued) • According to the First Quarter 2026 edition of Aero Engine News, the CFM LEAP-1A market share of firm engine orders for the A320neo Family of Aircraft was 66.2% as of March 31, 2026 Well, that is interesting... • At the delivery rate of 75 A
Slide 18: Update on GE Aerospace Jet Engine Programs (Continued)
Update on GE Aerospace Jet Engine Programs (Continued) Could these factors lead to an even greater CFM LEAP-1A Engine market share for the A320neo Aircraft Family? As of March 31, 2026, there were 8,472 firm LEAP-1A engine orders (Source: First Quarter 2026 edition of Aero Engine News) The A32
Slide 19: Update on GE Aerospace Jet Engine Programs (Continued)
Update on GE Aerospace Jet Engine Programs (Continued) Comac reportedly delivered 2 C919 Aircraft in 2023, 14 in 2024 and 18 in 2025 Comac was targeting 25 C919 Aircraft deliveries in 2025 There are recent reports that CFM may be favoring Boeing and Airbus with LEAP engine availability The l
Slide 20: 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 1,500 flights and nearly 4,400 flight hours Boeing reportedly has 652 open orders for its B777X Aircraft • 28 firm “mystery orders” in April 2026 The B777X
Slide 21: Update on GE Aerospace Jet Engine Programs (Continued)
Update on GE Aerospace Jet Engine Programs (Continued) Our understanding is that the Comac C909 Aircraft and the Bombardier Global 8000 Aircraft are already being produced and delivered at or close to targeted rates Clearly, the “Commercial Aircraft Juggernaut” will be driven by the ramp up of t
Slide 22: 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 23: 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 24: 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 25: 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 26: Park's Recently Announced Public Offering
Park’s Recently Announced 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 What is the purpose of this offering and financing? To replenish a p
Slide 27: Park's Balance Sheet, Cash and Very Incredible Cash Dividend History
Park’s Balance Sheet, Cash and Very 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 FY2026 Q4 Park has paid 41 consecutive years of uninterrupted regular quarterly cash dividends without ever skip
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 NOW! Airbus A321neo with LEAP-1A Engine 052826 Slide 28
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 Extreme
Missile Systems Park’s New Juggernaut Extreme 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 Patriot Missile
Slide 32: Missile Systems Park's New Juggernaut Extreme (Continued)
Missile Systems Park’s New Juggernaut Extreme (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 reporting he
Slide 33: Missile Systems Park's New Juggernaut Extreme (Continued)
Missile Systems Park’s New Juggernaut Extreme (Continued) On March 21, 2026, President Trump met in the White House with six top defense contractors, including Lockheed and L3Harris Missile Solutions, at which meeting the contractors reportedly agreed to QUADRUPLE production of the “Exquisite Clas
Slide 34: Missile Systems Park's New Juggernaut Extreme (Continued)
Missile Systems Park’s New Juggernaut Extreme (Continued) The PAC-3 Patriot Missile System Park is sole source qualified for advanced composite ablative materials for the solid rocket motors for the PAC-3 Missile System program The PAC-3 Missile System is considered by many to be the world’s p
Slide 35: Missile Systems Park's New Juggernaut Extreme (Continued)
Missile Systems Park’s New Juggernaut Extreme (Continued) • (Israel also uses its own Arrow 3 and Arrow 4 missile defense systems, programs on which Park is qualified and which Park supports with ablative composite materials) As previously reported, on January 6, 2026, Lockheed announced it reache
Slide 36: Missile Systems Park's New Juggernaut Extreme (Continued)
Missile Systems Park’s New Juggernaut Extreme (Continued) ArianeGroup of Mureaux, France ArianeGroup is a joint venture between Airbus and Safran Park’s relationship with ArianeGroup and its predecessors goes back to the early 2000s Park has a special relationship with Ariane and we are prou
Slide 37: Missile Systems Park's New Juggernaut Extreme (Continued)
Missile Systems Park’s New Juggernaut Extreme (Continued) • Park paid the first installment of €1,376,000 of this advance in our FY2026 Q1 • Park paid the second installment of €1,834,862 of this advance in our FY2027 Q1 What is the purpose of the €4,587,000 advance payment? • To fund, “50/50” wit
Slide 38: Park's Major New Manufacturing Plant - An Update
Park’s Major New Manufacturing Plant - An Update Park is planning to build a major new manufacturing plant The new plant will include the following manufacturing lines: Solution Treating Hot Melt Film Hot Melt Tape What else? The new plant is being designed to produce and support Park’
Slide 39: Park's Major New Manufacturing Plant - An Update (Continued)
Park’s Major New Manufacturing Plant - An Update (Continued) • The hot melt film and tape lines primarily support Park’s commercial aircraft programs (the Commercial Aircraft Juggernaut) How about the solution treating capacity contemplated by the original plant design? • Is it adequate? No, it
Slide 40: Park's Major New Manufacturing Plant - An Update (Continued)
Park’s Major New Manufacturing Plant - An Update (Continued) Will the new plant still approximately double Park’s current composite materials manufacturing capacity? • No, it will more than double Park’s current solution treating manufacturing capacity Will the capital budget for the new plant s
Slide 41: Park's Major New Manufacturing Plant - An Update (Continued)
Park’s Major New Manufacturing Plant - An Update (Continued) Why are we building this new manufacturing plant? Because our Commercial Aircraft Juggernaut and our Missile Systems Juggernaut Extreme require it To enable, facilitate and inspire Park’s holistic growth and development as a Company
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