Park Aerospace (PKE) Q3 2026 Earnings Transcript
View original at nasdaq.comPark Aerospace (PKE) Q3 2026 Earnings Transcript Image source: The Motley Fool. DATE Tuesday, January 13, 2026 at five p.m. ET CALL PARTICIPANTS Executive Chairman — Brian ShorePresident and Chief Operating Officer — Mark A…
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C2B fabric sales were $0 in Q3, but materials manufactured with C2B fabric exceeded $1M with strong margins
80% confidenceCOMAC C919 has 1,200+ orders reported
80% confidenceAirbus targeting 75 aircraft per month delivery rate in 2027, 50% increase from current ~51/month
80% confidenceTarget of ~$200M annual composite materials sales by end of FY2031 based only on known programs, known customers, known sales with no 'other' category
80% confidencePentagon pushing for 2x-4x missile production increases on breakneck schedule per Wall Street Journal
80% confidenceNew facility operational (producing/selling qualified product) targeted for second half of calendar 2028
80% confidenceBoeing CEO cited increased FAA scrutiny post-737 MAX issues as factor in 777X delays
80% confidencePark produced 18 proprietary sigma struts for James Webb Space Telescope orbiting ~1 million miles from Earth
80% confidenceFull year FY2026 sales forecast of $72.5M-$73.5M including ~$9.8M C2B fabric sales
80% confidenceNew $50M manufacturing facility will double existing composite materials manufacturing capacity
80% confidenceFull year GE Aerospace program sales forecast of $29M-$29.5M
80% confidencePark has authorization to repurchase 1.5M shares, has executed 718,000 shares at $12.94 average, with no purchases in Q2, Q3, or Q4 to date
80% confidenceLEAP 1A engine has 64.5% firm order market share versus Pratt & Whitney GTF based on thousands of total orders/backlog
80% confidenceMultiple confidential missile programs represent very significant revenue opportunities over long periods but too confidential or sensitive to identify at this time
80% confidencePark committed €50K (50/50 split) for joint economic study with Arian for potential major C2B fabric manufacturing facility in U.S., expense expected in Q4
80% confidencePark is sole source qualified for specialty ablative materials on PAC-3 missile system program
80% confidenceQ3 missed shipments of $740K due to international freight, supply chain, and spec/engineering issues
80% confidenceQ4 GE Aerospace program sales forecast of $7.25M-$8.25M
80% confidenceLargest PAC-3 Patriot deployment in history to Qatar Forward Air Base after Iran ballistic missile strikes, systems relocated from South Korea and Japan
80% confidenceCapital spend timing: ~60% in FY2027, ~30% in FY2028, ~10% in FY2029
80% confidencePark has paid dividends for 41 consecutive years totaling $29.72 per share since 2005
80% confidenceNew facility completion targeted for second half of calendar 2027
80% confidenceBoeing 777X has 600+ orders with FAA certification/EIS/first delivery now expected in 2027, in Phase 3 of certification testing
80% confidenceQ4 FY2026 revenue guidance of $23.5M-$24.5M including ~$7.2M C2B fabric sales (low-margin)
80% confidencePratt & Whitney engines continue serious reliability issues
80% confidenceQ4 FY2026 EBITDA guidance of $4.75M-$5.25M
80% confidenceCOMAC C909 has 75+ delivered, operating in 10-12 Asian countries, carried 30M+ passengers, 385 open orders, at production rate
80% confidenceCOMAC C919 expected to fall short of 2025 delivery target due to supply chain and international trade issues
80% confidenceCOMAC building capacity for 200 C919 aircraft per year by 2027-2029, current target 150/year
80% confidencePlant investment ROI is extremely attractive, investors would not have problem with returns
80% confidence