Quarterly ResultMay 12, 2026, 04:23 PM
Karman Reports Record Q1 Revenue $151.2M, Net Income $7.8M; Raises 2026 Outlook
AI Summary
Karman Holdings Inc. announced record financial results for the first quarter of fiscal year 2026, with revenue increasing 51.0% year-over-year to $151.2 million and net income reaching $7.8 million, a significant improvement from a net loss in the prior year. The company also achieved a record backlog of $1.0 billion and raised its full-year 2026 revenue and adjusted EBITDA outlook. Strategic acquisitions of Seemann Composites and MSC in January 2026 further expanded its market access and capabilities.
Key Highlights
- Reported record quarterly revenue of $151.2 million, a 51.0% increase year-over-year.
- Generated record quarterly net income of $7.8 million, compared to a $4.8 million net loss in the prior year.
- Achieved record backlog of $1.0 billion at the end of Q1 2026, up 61% year-over-year.
- Acquired Seemann Composites and MSC in January 2026 to expand maritime defense market access.
- Upsized the revolving credit facility from $50 million to $150 million in March 2026.
- Raised full-year 2026 revenue outlook to $720-$735 million and adjusted EBITDA to $208.5-$219.5 million.
- Space and Launch revenue grew 29.5%, and Tactical Missiles and Integrated Defense Systems revenue grew 25.0%.