Park Aerospace Corp
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Park Aerospace Corp
Park Aerospace Corp. engages in the provision of solution and hot-melt advanced composite materials. The company is headquartered in Melville, New York and currently employs 106 full-time employees. Its advanced composite materials include film adhesives and lightning strike materials. The company offers an array of composite materials specifically designed for hand lay-up or automated fiber placement (AFP) manufacturing applications. The firm's advanced composite materials are used to produce primary and secondary structures for jet engines, large and regional transport aircraft, military aircraft, Unmanned Aerial Vehicles (UAVs), business jets, general aviation aircraft and rotary wing aircraft. The firm also offers specialty ablative materials for rocket motors and nozzles and specially designed materials for random applications. In addition, it also designs and fabricates composite parts, structures and assemblies and low-volume tooling for the aerospace industry.
Park Aerospace Corp. engages in the provision of solution and hot-melt advanced composite materials. The company is headquartered in Melville, New York and currently employs 106 full-time employees. Its advanced composite materials include film adhesives and lightning strike materials. The company offers an array of composite materials specifically designed for hand lay-up or automated fiber placement (AFP) manufacturing applications. The firm's advanced composite materials are used to produce primary and secondary structures for jet engines, large and regional transport aircraft, military aircraft, Unmanned Aerial Vehicles (UAVs), business jets, general aviation aircraft and rotary wing aircraft. The firm also offers specialty ablative materials for rocket motors and nozzles and specially designed materials for random applications. In addition, it also designs and fabricates composite parts, structures and assemblies and low-volume tooling for the aerospace industry.
Q3 Results: Park Aerospace reported Q3 sales of $17.33 million and gross margin of 34.1%, with adjusted EBITDA of $4.23 million, coming in above their estimate.
Q4 & FY26 Outlook: Management forecasts Q4 sales of $23.5–24.5 million and full-year FY26 sales of $72.5–73.5 million, citing a large portion of low-margin fabric sales in Q4.
Aerospace Demand: Strong order backlog and ramp-up in commercial and military aerospace, especially for the Airbus A320neo family and Patriot missile systems, are driving growth.
Major Expansion: Park announced plans for a new $50 million composites manufacturing plant, expected to double current capacity by late 2027/early 2028.
Missile Programs: The company is sole source qualified for key missile materials and is ramping up to meet increased demand due to global conflicts and Pentagon directives.
Capital Strength: Park ended Q3 with $63.6 million in cash and no debt, and has launched a $50 million at-the-market public offering to help fund expansion.