Nov 5, 4:17 PM ET
Karman Space & Defense reported third-quarter 2026 revenue of $201.6 million, up 65.6% from a year earlier, and net income of $20.9 million, or $0.16 per diluted share, versus $0.06 a year earlier. The company raised its fiscal 2026 revenue outlook to $755 million to $760 million and its adjusted EBITDA outlook to $225 million to $227 million, which gives shareholders a higher expected full-year range.
- Q3 revenue $201.6 million, up 65.6%; organic growth of 25% per the company
- Net income $20.9 million ($0.16 per diluted share) vs. $7.6 million ($0.06) a year earlier
- Adjusted EBITDA $60.5 million, up from $37.7 million; adjusted EPS $0.19 vs. $0.10
- Fiscal 2026 guidance raised to $755M-$760M revenue and $225M-$227M adjusted EBITDA; backlog $1.7 billion at September 30, 2026
Read the filing on SEC.gov ↗
Aug 28, 4:15 PM ET
Karman Holdings completed its previously announced acquisition of Walker Precision Engineering for approximately $95 million, or £70 million, in cash, subject to customary adjustments. To help fund the deal, the company increased its term loans by $100 million under a Sixth Amendment to its Credit Agreement, bringing total original term loan principal to $863,961,000. The filing gives no financial results for Walker or for Karman, so its effect on earnings cannot be assessed from this document.
- Acquisition of Walker closed August 28, 2026, through a wholly owned subsidiary for about $95 million (£70 million) in cash
- Sixth Amendment to the Credit Agreement, dated August 26, 2026, increased term loans by $100,000,000 to a total original principal of $863,961,000
- Walker supplies missile seekers, guidance systems and control systems on more than 25 EU tactical missile, air and defense programs
- Karman has 17 locations across eight U.S. states; the deal adds a European footprint
Read the filing on SEC.gov ↗
Aug 27, 7:30 AM ET
Karman Holdings Inc. said Chris Boynton, previously Executive Vice President and CFO of Battelle, will become Executive Vice President and CFO on September 14, 2026. Mike Willis, the current CFO, will step down from that role on the same date and leave the company by year-end after a phased transition. The company said the change follows succession planning as it grows after its February 2025 initial public offering, and the filing sets out the terms of Boynton's offer letter.
- Boynton's offer letter sets an annual base salary of $750,000 and a one-time sign-on bonus of $500,000.
- Target annual cash incentive is 100% of base salary, with a stretch target of 150%.
- His initial 2026 long-term incentive grant is 37,860 shares, 70% performance stock units and 30% restricted stock units.
- Severance is 100% of base salary plus target bonus over 12 months, or 18 months of base salary in a lump sum plus target bonus if terminated within 12 months after a change in control.
Read the filing on SEC.gov ↗
Aug 6, 4:18 PM ET
Karman Space & Defense reported record second-quarter 2026 revenue of $182.1 million, up 58.2% from a year earlier, and net income of $14.0 million, up 106.1%. The company raised its full-year 2026 revenue and adjusted EBITDA guidance, which the filing says is a positive signal for shareholders, though the results depend on the company's forward-looking assumptions.
- Q2 2026 revenue was $182.1 million, up 58.2% year over year, with organic growth of 24.4%.
- Q2 2026 net income was $14.0 million, or $0.11 per diluted share, compared with $0.05 a year earlier.
- Full-year 2026 revenue guidance was raised to $730 million to $745 million, and adjusted EBITDA guidance to $215.0 million to $222.5 million.
- Backlog reached $1.3 billion as of June 30, 2026, up 65% from the end of fiscal 2025.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.