Park Aerospace Posts Q2 Results Above EBITDA Guidance, Sets Q3 Outlook
Park Aerospace reported fiscal 2027 second-quarter sales of $20.8 million, adjusted EBITDA of $5.3 million, and a 34.3% gross margin, near the top of its sales outlook and above its EBITDA forecast. Management guided fiscal third-quarter sales to $21 million-$22.5 million and adjusted EBITDA to $5 million-$5.8 million. The company cited GE engine program demand, lowered its full-year outlook for those programs to $32 million-$35 million, and remained optimistic about the Airbus A320neo, Boeing 777X, and COMAC C919.
Park’s quarterly tax expense was reduced by stock-option exercise benefits, putting the effective rate at 18.6%; without them, management estimated roughly 26.5% and earnings per share near $0.19 instead of $0.21. Production sales value reached $21.1 million, which executives described as a record for the period after its electronics operations.
The company also described strengthening missile-system demand and plans for a U.S. C2B fabric plant with ArianeGroup plus an approximately $65 million Tulsa facility. It ended the period with $114.75 million in cash plus marketable securities, no long-term debt, and intends to keep paying its dividend.
Park’s results and guidance may reassure investors and aerospace suppliers that demand for engine materials remains steady, while the planned Tulsa plant could create local manufacturing jobs and expand domestic composite capacity. Airlines and passengers could eventually benefit if engine production supports more A320neo, 777X, and C919 deliveries, though delays or production constraints may temper those gains. The missile-material investment may also affect defense supply chains, with implications for workers, nearby communities, and companies tied to aerospace and defense manufacturing.