Exhibit 99.1 

PARK ELECTROCHEMICAL CORP. REPORTS FOURTH QUARTER AND FISCAL YEAR RESULTS

Melville, New York, Tuesday, May 1, 2012…..Park Electrochemical Corp. (NYSE-PKE) reported net sales of $43,676,000 for the fourth quarter ended February 26, 2012 compared to net sales of $51,201,000 for the fourth quarter ended February 27, 2011. Park’s net sales for the fiscal year ended February 26, 2012 were $193,254,000 compared to net sales of $211,652,000 for the fiscal year ended February 27, 2011.

Park reported net earnings before special items of $3,914,000 for the fourth quarter ended February 26, 2012 compared to net earnings of $8,285,000 for the fourth quarter of last year. In the fourth quarter ended February 26, 2012, the Company recorded a restructuring charge of $1,250,000 in connection with the closing of its Park Advanced Composite Materials, Inc. facility, located in Waterbury, Connecticut. Accordingly, net earnings for the fourth quarter ended February 26, 2012 were $3,151,000 compared to net earnings of $8,285,000 for the fourth quarter of last year.

For the year ended February 26, 2012, Park reported net earnings before special items of $23,150,000 compared to net earnings before special items of $33,933,000 for the prior fiscal year. In the 2012 fiscal year, the Company recorded special items consisting of the restructuring charge of $1,250,000 mentioned above and other pre-tax income of $1,598,000 relating to the settlement of certain lawsuits. In the year ended February 27, 2011, the Company recorded an additional charge of $1,312,000 in connection with the closure, in January 2009, of its Neltec Europe SAS business unit in Mirebeau, France.

Accordingly, net earnings were $23,442,000 for the year ended February 26, 2012 compared to net earnings of $32,621,000 for the year ended February 27, 2011.

Park reported diluted earnings per share before special items of $0.19 for the fourth quarter ended February 26, 2012 compared to diluted earnings per share of $0.40 for last year’s fourth quarter. Diluted earnings per share were $0.15 for the fourth quarter ended February 26, 2012

For the fiscal year ended February 26, 2012, Park reported diluted earnings per share before special items of $1.11 compared to diluted earnings per share before special items of $1.64 for the prior fiscal year. Diluted earnings per share were $1.13 for the year ended February 26, 2012 compared to diluted earnings per share of $1.58 for the prior fiscal year.

The Company will conduct a conference call to discuss its financial results at 11:00 a.m. EDT today. Forward-looking and other material information may be discussed in this conference call. The conference call dial-in number is (800) 599-9816 in the United States and Canada and (617) 847-8705 in other countries and the required passcode is 21589736.

For those unable to listen to the call live, a conference call replay will be available from approximately 2:00 p.m. EDT today through 11:59 p.m. EDT on Monday, May 7, 2012. The conference call replay can be accessed by dialing (888) 286-8010 in the United States and Canada and (617) 801-6888 in other countries and entering passcode 44640456 or on the Company's web site at www.parkelectro.com/investor/investor.html.

Any additional material financial or statistical data disclosed in the conference call will also be available at the time of the conference call on the Company's web site at www.parkelectro.com/investor/investor.html.

Park believes that an evaluation of its ongoing operations would be difficult if the disclosure of its financial results were limited to generally accepted accounting principles (“GAAP”) financial measures, which include special items, such as restructuring and closure charges and the settlement of lawsuits. Accordingly, in addition to disclosing its financial results determined in accordance with GAAP, Park discloses non-GAAP operating results that exclude special items in order to assist its shareholders and other readers in assessing the Company’s operating performance, since the Company’s on-going, normal business operations do not include such special items. The detailed operating information presented below reconciles the non-GAAP operating results before special items to earnings determined in accordance with GAAP. Such non-GAAP financial measures are provided to supplement the results provided in accordance with GAAP.

Park Electrochemical Corp. is a global advanced materials company which develops and manufactures high-technology digital and RF/microwave printed circuit materials principally for the telecommunications and internet infrastructure and high-end computing markets and advanced composite materials, parts and assemblies for the aerospace markets. Park’s core capabilities are in the areas of polymer chemistry formulation and coating technology. The Company’s manufacturing facilities are located in Singapore, China, France, Connecticut, Kansas, Arizona and California. The Company also maintains R&D facilities in Arizona, Kansas and Singapore.

Additional corporate information is available on the Company’s web site at www.parkelectro.com

Performance table, including non-GAAP information (in thousands, except per share amounts–unaudited):

¹ Refer to "Reconciliation of GAAP to non-GAAP measures" below for information regarding Special Items.

Comparative balance sheets (in thousands):

Detailed operating information (in thousands – unaudited):

Detailed operating information before special items (in thousands – unaudited):

¹ Refer to "Reconciliation of GAAP to non-GAAP measures" above for information regarding Special Items.