Karman Holdings has seen its share price halve, driving revenue multiples down from 30x to 10x amid continued 50% topline growth. Karman's backlog has surged to $1.3 billion, excluding potential long-term defense agreements worth over $1 billion, supporting robust future visibility. Recent M&A, including the $94 million Walker Precision deal, and strong bookings have driven constructive sentiment despite leverage at 3.7x and high earnings multiples.
Karman NYSE: KRMN reported record second-quarter fiscal 2026 results, citing strong demand across missile, defense, maritime and space markets, while raising its full-year revenue and adjusted EBITDA outlook.
Karman Holdings Inc. (KRMN) Q2 2026 Earnings Call Transcript
| Aerospace & Defense Industry | Industrials Sector | Jonathan Rambeau CEO | XETRA Exchange | US4859241048 ISIN |
| US Country | 1,400 Employees | - Last Dividend | - Last Split | - IPO Date |
Karman Holdings Inc. is a prominent player in the aerospace and defense sectors, leveraging advanced technologies through its subsidiary, Karman Space and Defense. Established in 2020 and headquartered in Huntington Beach, California, the company specializes in the design, testing, manufacturing, and sale of mission-critical systems aimed at various markets, including missile defense, space exploration, hypersonics, and launch vehicles. As a subsidiary of TCFIII Spaceco SPV LP, Karman Holdings Inc. is committed to delivering high-quality solutions that meet the evolving demands of defense and aerospace industries.
Karman Holdings designs and develops mission-critical systems essential for the efficient operation of missile and defense technologies, ensuring they meet the highest standards of reliability and performance.
The company supplies a wide range of flight hardware made from both metallic and composite materials, engineered to withstand extreme conditions encountered during aerospace missions.
Karman Holdings manufactures high-precision sub-assemblies, which are integral components required for the assembly of larger aerospace systems, enhancing efficiency and performance.
This service includes innovative solutions for the protection and deployment of various payloads, ensuring their safety and effectiveness throughout their operational life cycle.
Karman Space and Defense specializes in aerodynamic interstage systems that facilitate smooth transitions between different flight phases, optimizing performance and stability.
The company also offers advanced propulsion systems designed to provide reliable thrust and maneuverability for missiles and launch vehicles, essential for successful missions.