10-Q
Quarterly report
✓ VerifiedPark Aerospace reported Q1 fiscal 2027 net sales of $18.3 million, up from $15.4 million, with net earnings of $3.5 million ($0.17 per share), and disclosed a July 2026 sublease for an 18-acre Tulsa site for a new composites manufacturing facility.
Filed Jul 20, 2026 · 17:00 ET
Summary
- Net sales for the 13 weeks ended May 31, 2026 were $18.3 million compared to $15.4 million in the prior-year period, driven by higher sales under the GE Aerospace jet engine programs and higher military market sales.
- Gross profit margin rose to 34.8% from 30.6%, and net earnings increased 69.9% to $3.5 million, or $0.17 per basic and diluted share, versus $2.1 million, or $0.10 per share.
- In July 2026 the Company entered a sublease covering approximately 18 acres in Tulsa, Oklahoma, to build a new composites material manufacturing and development facility, with an initial 25-year term, a 25-year renewal option, and annual rent of $269,469 for the initial five years.
- Under a March 27, 2025 agreement with ArianeGroup SAS, Park advances funds against future purchases of C2B product totaling EUR 4,587, and commits to purchase C2B product through December 2033 at an estimated cost of EUR 36,000; a EUR 1,835 installment (actual cost $2,156) was paid in May 2026.
- In June 2026 the Company completed its at-the-market offering program by selling 869,852 shares for gross proceeds of $27,174.
- Cash and cash equivalents and marketable securities totaled $89.4 million at May 31, 2026, of which $32.7 million was owned by a wholly-owned foreign subsidiary.
Key facts
- Net sales
- $18,312 thousand
From the filing for Net sales
“Net sales $ 18,312 $ 15,400”
- Net earnings
- $3,533 thousand
From the filing for Net earnings
“Net earnings $ 3,533 $ 2,080”
- Diluted EPS
- $0.17
From the filing for Diluted EPS
“In the 13 weeks ended May 31, 2026, basic and diluted earnings per share were $0.17 compared to basic and diluted earnings per share of $0.10”
- Gross profit margin
- 34.8%
From the filing for Gross profit margin
“The Company's gross profit margins, measured as percentages of sales, were 34.8% in the 13 weeks ended May 31, 2026 compared to 30.6% in the 13 weeks ended June 1, 2025.”
- Tulsa sublease
- approximately 18 acres, 25 years, $269,469
From the filing for Tulsa sublease
“the Company entered into a sublease agreement covering approximately 18 acres of land in Tulsa, Oklahoma”
- Tulsa annual rent
- $269,469
From the filing for Tulsa annual rent
“Annual rent under the sublease agreement for the initial five years of the sublease would be $ 269,469”
- ATM completion
- 869,852 shares for $27,174
From the filing for ATM completion
“In June 2026, the Company completed the program by selling 869,852 shares for gross proceeds of $ 27,174 .”
- ArianeGroup C2B commitment
- through December 2033 at estimated cost of EUR 36,000
From the filing for ArianeGroup C2B commitment
“the Company commits to purchase C2®B product through December 2033 at an estimated cost of € 36,000”
Why it mattersPark is advancing funds to ArianeGroup to secure C2B ablative material used in rocket and missile programs through December 2033, and is committing to a new Tulsa composites plant with construction to begin in fiscal year 2027.
- Filed
- Jul 20, 2026
- Accepted
- 2026-07-20 21:00Z
- Period
- May 31, 2026
- Accession no.
- 0001437749-26-023883
- Size
- 4.0 MB
- Index
- Filing index