Park Aerospace(US:PKE)2025-10-09 21:00Financial Performance - FY2026 Q2 - Sales for FY2026 Q2 were $16381 thousand, compared to $16709 thousand in FY25 Q2 and $15400 thousand in FY26 Q1[10] - Gross profit for FY2026 Q2 was $5116 thousand, with a gross margin of 31.2%, compared to $4757 thousand and 28.5% in FY25 Q2, and $4718 thousand and 30.6% in FY26 Q1[10] - Adjusted EBITDA for FY2026 Q2 was $3401 thousand, representing a margin of 20.8%, compared to $3204 thousand and 19.2% in FY25 Q2, and $2963 thousand and 19.2% in FY26 Q1[10] - The company reported $61.6 million in cash and marketable securities as of the end of FY2026 Q2[66] Key Agreements and Partnerships - Park entered into a Business Partner Agreement with ArianeGroup, with $1.65 million of C2B fabric sold in FY2026 Q2[13, 57] - Park will advance Ariane €4587 thousand against future purchases of C2B fabric, with the first installment of €1376 thousand paid in FY2026 Q1[57] - Park is partnering with ArianeGroup on a study related to increasing C2B fabric manufacturing capacity, with Park's contribution estimated at $410 thousand as a special item in FY2026 Q3[59] - Park recently entered into a new LTA with GE Aerospace for CYs 2025 through 2030, with revenue expected to ramp to approximately $5 million per year[61] Market and Program Updates - Airbus has a backlog of 7179 A320neo Aircraft Family firm orders as of June 30, 2025[34] - The CFM LEAP-1A engine has a 64.7% market share of firm engine orders for the A320neo Family of Aircraft as of June 30, 2025[35] - Lockheed's Missile and Fire Control Division received a $9.8 billion contract from the US Army for 1970 PAC-3 Patriot Missiles[77]