Sales and Gross Margin Performance
Park Aerospace's Q4 sales were $16.939 million, exceeding their forecast range of $15.5 million to $16.3 million. The gross margin was 29.3%, which was higher than expected due to strong production.
C2B Fabric Sales
Park sold $4.4 million of C2B fabric in Q4, $500,000 more than predicted, contributing to a total of $7.5 million in fiscal '25, significantly impacting the P&L.
Ablative Material Sales
The company sold $420,000 of ablative materials manufactured with C2B fabric in Q4, contributing over $300,000 to the bottom line.
New Manufacturing Expansion
Park is planning a major new expansion of its manufacturing facilities with an estimated capital budget of $35 million, aiming to support significant new business opportunities in defense and missile programs.
Hypersonic Missile Programs
Park entered into an agreement with a major OEM to license technologies for hypersonic missile programs, making progress with manufacturing trials and testing.