Karman Holdings Inc.

Karman Holdings Inc. reported strong financial results for the second quarter and first half of 2026. Revenue for Q2 increased by 58.2% to $182.1 million, with net income surging by 106.2% to $14.0 million. The company also completed the acquisition of Seemann Composites and Materials Sciences in Q1 2026, contributing to significant growth across its defense and space end-markets.

Karman Holdings Inc. reported record financial results for the second quarter of fiscal year 2026, with revenue increasing 58.2% year-over-year to $182.1 million and net income rising 106.1% to $14.0 million. The company also announced the acquisition of Walker Precision Engineering for approximately $94 million, expanding its presence in the European defense market. Following strong performance, Karman Holdings raised its full-year 2026 outlook for revenue to $730-$745 million and adjusted EBITDA to $215-$222.5 million.

Karman Holdings Inc. entered into a Fifth Amendment to its Credit Agreement on August 3, 2026. This amendment refinanced $763.96 million in existing term loans, reducing the interest rate by 50 basis points to SOFR plus 2.25%. Additionally, the interest rate applicable to its revolving credit facility was also reduced by 50 basis points, with the highest level now set at SOFR plus 2.00%.

Karman Holdings Inc. announced the appointment of PricewaterhouseCoopers LLP (PwC) as its independent registered public accounting firm for the fiscal year ending December 31, 2026, effective June 10, 2026. Concurrently, Baker Tilly US, LLP was dismissed. Baker Tilly's audit reports for 2024 and 2025 contained no adverse opinions or disclaimers, and there were no disagreements or reportable events, except for previously disclosed material weaknesses in internal control over financial reporting.

Karman Holdings Inc. announced the closing of an upsized secondary public offering where selling stockholders sold 14,000,000 shares of common stock at $61.00 per share, generating approximately $854 million in gross proceeds. The company itself did not sell any shares and will not receive any proceeds from the offering. In connection with the offering, Karman also provided an operational data update, highlighting a significant increase in its active pipeline from approximately $1 billion in March 2025 to $3 billion as of May 2026, alongside securing or negotiating several major deals for 2026.

Karman Holdings Inc. reported strong financial results for Q1 2026, with revenue increasing by 51% to $151.21 million and a significant turnaround to a net income of $7.79 million, compared to a net loss in the prior year. The company also completed the acquisition of Seemann Composites and Materials Sciences for $215.9 million in cash and $17.0 million in stock, expanding its capabilities in maritime defense. This quarter's performance reflects substantial growth across its end-markets, including Hypersonics & Strategic Missile Defense, Space & Launch, and Tactical Missiles & Integrated Defense Systems.

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.