Applied Aerospace Posts Record Revenue of $167.3M, Backlog Tops $1.1B in First Post-IPO Quarter
AADX sits 33% above its 52-week low of $16.57.
Summary
Applied Aerospace & Defense reported record revenue of $167.3 million for its first quarter as a public company, a 47.4% increase driven by strength across space, defense aviation, and precision strike systems. The contract backlog now exceeds $1.1 billion, providing multi-year visibility, and the company beat revenue estimates. Adjusted EBITDA rose 38.5% to $36.4 million, while the reported net loss of $154 million, or $1.04 per share, reflects IPO-related share-based compensation and transaction costs. The $683 million IPO, with net proceeds of $635.6 million, reduced pro forma leverage to 2.7x, and organic revenue growth of 19.8% excluding acquisitions underscores underlying demand. The results follow the June IPO and the promotion of Chris Rogers to President, signaling a scaling organization that is capitalizing on robust defense and space spending.
At the time of this announcement, AADX was trading at $22.02 on NYSE in the Manufacturing sector, with a market capitalization of approximately $3.5B. The 52-week trading range was $16.57 to $24.24. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.