Park Aerospace | 8-K: FY2027 Q1 Revenue: USD 18.31 M
I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2027 Q1, the actual value is USD 18.31 M.
EPS: As of FY2027 Q1, the actual value is USD 0.17.
EBIT: As of FY2027 Q1, the actual value is USD 4.801 M.
Park Aerospace Corp. reported its results for the 2027 fiscal year first quarter ended May 31, 2026, compared to the 2026 fiscal year first quarter ended June 1, 2025, and the 2026 fiscal year fourth quarter ended March 1, 2026.
Revenue
Net sales for the 2027 fiscal year first quarter were $18,312,000, an increase from $15,400,000 in the prior year’s first quarter, but a decrease from $24,187,000 in the previous quarter.
Net Earnings
Net earnings for the 2027 fiscal year first quarter were $3,533,000, up from $2,080,000 in the 2026 fiscal year first quarter, but slightly down from $3,838,000 in the 2026 fiscal year fourth quarter.Net earnings as a percentage of net sales were 19.3% for the 2027 fiscal year first quarter, compared to 13.5% in the 2026 fiscal year first quarter and 15.9% in the 2026 fiscal year fourth quarter.
Adjusted EBITDA
Adjusted EBITDA was $4,576,000 for the 2027 fiscal year first quarter, an increase from $2,963,000 in the 2026 fiscal year first quarter, but lower than $5,171,000 in the 2026 fiscal year fourth quarter.
Gross Profit
Gross profit reached $6,376,000 in the 2027 fiscal year first quarter, an improvement from $4,718,000 in the 2026 fiscal year first quarter, but less than $6,935,000 in the 2026 fiscal year fourth quarter.Gross profit as a percentage of net sales was 34.8% for the 2027 fiscal year first quarter, compared to 30.6% in the 2026 fiscal year first quarter and 28.7% in the 2026 fiscal year fourth quarter.
Selling, General & Administrative Expenses
Selling, General & Administrative Expenses were $2,361,000 in the 2027 fiscal year first quarter, a slight increase from $2,299,000 in the 2026 fiscal year first quarter and $2,343,000 in the 2026 fiscal year fourth quarter.As a percentage of net sales, these expenses were 12.9% in the 2027 fiscal year first quarter, down from 14.9% in the 2026 fiscal year first quarter, but up from 9.7% in the 2026 fiscal year fourth quarter.
Earnings from Operations
Earnings from operations were $4,015,000 for the 2027 fiscal year first quarter, significantly higher than $2,419,000 in the 2026 fiscal year first quarter, but below $4,592,000 in the 2026 fiscal year fourth quarter.
Balance Sheet Highlights (as of May 31, 2026 vs. March 1, 2026)
Cash and Marketable Securities slightly increased to $89,407,000 from $89,368,000.Total Current Assets were $109,050,000, up from $108,671,000.Total Assets increased to $144,354,000 from $142,228,000.Total Current Liabilities increased to $7,131,000 from $5,957,000.Total Liabilities rose to $13,359,000 from $12,278,000.Shareholders’ Equity increased to $130,995,000 from $129,950,000.Equity per share was $6.27, up from $6.22.
Outlook / Guidance
The report does not provide explicit forward-looking financial guidance or outlook statements beyond the current quarter’s results.
