Karman Posts $21M Q3 Net Income as Defense Demand Builds
KRMN is trading near its 52-week low of $29.34 (9.4% above the low).
Summary
Karman reported $21 million of net income for the third quarter of 2026, up from $14.0 million in Q2, with EPS of 16c and adjusted EPS of 19c on revenue of $202 million. That is a step up from the second quarter, when revenue of $182.1 million rose 58.2% year over year. Backlog reached a record $1.7 billion, up 108% from fiscal year-end 2025. The quarter also includes the first full contribution from Walker Precision Engineering, the $95 million acquisition closed in late August and funded with a $100 million facility. Karman raised FY2026 guidance to $755-$760 million revenue and $225-$227 million adjusted EBITDA. Q3 details in the full release will show whether the $218 million, seven-year Lockheed Martin THAAD interceptor shroud award won in October is reflected in backlog.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — Karman raised FY2026 guidance to $755-$760 million revenue and $225-$227 million adjusted EBITDA; backlog reached a record $1.7 billion, up 108% from fiscal year-end 2025.
At the time of this announcement, KRMN was trading at $32.09 on NYSE in the Manufacturing sector, with a market capitalization of approximately $4.3B. The 52-week trading range was $29.34 to $118.38. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.