Park Aerospace Corp. Reports Second Quarter Results

Financial Performance - Company reported net sales of $16,709,000 for the second quarter of the 2025 fiscal year, an increase from $12,481,000 in the same quarter of the previous year and $13,970,000 in the first quarter of the 2025 fiscal year [2] - Net earnings for the second quarter were $2,066,000, compared to $1,746,000 for the second quarter of the 2024 fiscal year and $993,000 for the first quarter of the 2025 fiscal year [2][3] - Adjusted EBITDA for the second quarter was $3,206,000, up from $2,669,000 in the second quarter of the previous year and $2,610,000 in the first quarter of the 2025 fiscal year [4] Earnings Per Share - Basic and diluted earnings per share for the second quarter were $0.10, compared to $0.09 for the second quarter of the previous year and $0.05 for the first quarter of the 2025 fiscal year [6] - For the first six months of the 2025 fiscal year, basic and diluted earnings per share were $0.15, down from $0.18 in the same period of the previous year [7] Special Items and Adjustments - The company recorded pre-tax charges of $46,000 and $1,098,000 related to storm damage during the second quarter and first six months, respectively [5] - Net earnings before special items for the second quarter were $2,092,000, compared to $1,746,000 for the second quarter of the previous year [3] Revenue Growth - Net sales for the first six months of the 2025 fiscal year were $30,679,000, compared to $28,032,000 for the same period in the previous year [2] - Gross profit for the second quarter was $4,757,000, representing 28.5% of net sales, compared to 32.7% in the previous year [17] Company Overview - Company develops and manufactures advanced composite materials for the aerospace industry, including film adhesives and lightning strike protection materials [12] - Target markets include jet engines, transport aircraft, military aircraft, and specialty applications for rocket motors and spacecraft [12]