Q1 2026 Karman Holdings Inc Earnings Call Transcript

May 12, 2026 / 08:30 PM GMT

Transcript 10-Q8-K

Key Points

Positve

Karman Holdings Inc (KRMN) reported record quarterly revenue of $151 million, marking a 51% increase from the previous year.
The company achieved a record quarterly gross profit of $64 million, with a gross margin of 42%.
Adjusted EBITDA reached $45 million, up nearly 50% year-over-year, and adjusted EPS increased more than 100% to $0.11 per diluted share.
Karman Holdings Inc (KRMN) has a high backlog of over $1 billion, providing strong visibility and confidence in future revenue streams.
The company is raising its full-year revenue and adjusted EBITDA guidance due to strong performance and high visibility.

Negative

Total debt stands at $758 million, with an interest rate of SOFR plus 2.75%, which could impact financial flexibility.
The company anticipates a statutory tax rate of 26.5% for fiscal year 2026, which could affect net income.
There is a potential for increased D&A and interest expenses due to recent acquisitions, which may impact profitability.
The integration of recent acquisitions, such as Siemen Composites and MSC, is ongoing and may present challenges.
The company is heavily reliant on defense and space contracts, which are subject to government budgetary decisions and potential changes.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

KRMN.N - Karman Holdings Inc
Q1 2026 Karman Holdings Inc Earnings Call
May 12, 2026 / 08:30PM GMT

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Presentation
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Unidentified_1 [1]
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Hello, everyone.

Thank you for joining us, and welcome to the Carmen Space & Defense First Quarter Fiscal Year 2026 Earnings Conference Call. After today's prepared remarks, we will host a question-and-answer session. If you would like to ask a question, please press *1 to raise your hand. To withdraw your question, press *1 again. I will now hand the conference over to Stephen Gitlin, Senior Vice President of Investor Relations and Corporate Communications. Stephen, please go ahead.

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Unidentified_2 [2]
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Good afternoon, and thank you for

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