1.	CONSOLIDATED FINANCIAL STATEMENTS

The Condensed Consolidated Balance Sheet as of

November 25, 2018,

the Consolidated Statements of Operations and the Consolidated Statements of Comprehensive Earnings (Loss) for the

weeks and

weeks ended

November 25, 2018

and

November 26, 2017

and the Condensed Consolidated Statements of Cash Flows for the

weeks then ended have been prepared by Park Electrochemical Corp. (the “Company”), without audit. In the opinion of management, these unaudited consolidated financial statements contain all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position at

November 25, 2018

and the results of operations and cash flows for all periods presented. The Consolidated Statements of Operations are

not

necessarily indicative of the results to be expected for the full fiscal year or any subsequent interim period.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) have been condensed or omitted. These consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form

-K for the fiscal year ended

February 25, 2018.

There have been

significant changes to such accounting policies during the

weeks ended

November 25, 2018.

July 25, 2018,

the Company entered into a definitive agreement to sell its Electronics Business for

$145,000

in cash. This transaction was completed on

December 4, 2018. (

See Note

The Company has classified the operating results of its Electronics Business, together with certain costs related to the transaction, as discontinued operations, net of tax, in the Consolidated Statements of Operations, in accordance with Accounting Standards Codification (“ASC”)

205

Discontinued Operations

(See Note