Park Aerospace reports Q2 2027 earnings beat

Park Aerospace Corp. reported second-quarter fiscal 2027 results that exceeded analyst expectations. The aerospace components manufacturer posted diluted earnings per share of $0.21, surpassing the $0.16 consensus estimate. Revenue for the quarter reached $20.8 million, a significant increase from $16.4 million in the same period last year.

Chairman and CEO Brian Shore noted that the company achieved a post-electronics-business record in sales value of production, which reached $21.1 million. The company’s adjusted EBITDA was $5.3 million, exceeding the previously forecasted range of $4.3 million to $5.1 million. Gross margins for the quarter were reported at 34.3%.

Regarding specific programs, advanced composite materials for GE Aerospace jet-engine programs contributed $8.3 million in sales. While the company reduced its full-year forecast for these specific programs to between $32 million and $35 million to provide a more realistic assessment, management indicated that commercial aerospace programs are expected to continue ramping up.