Karman Holdings Inc. ( (KRMN) ) has released its Q2 earnings. Here is a breakdown of the information Karman Holdings Inc. presented to its investors.
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Karman Holdings Inc., a prominent player in the space and defense sector, specializes in the rapid design, development, and production of next-generation system solutions for a variety of aerospace and defense applications.
In its latest earnings report, Karman Holdings Inc. announced record-breaking financial results for the second quarter of fiscal year 2025, showcasing significant growth in revenue, net income, and funded backlog. The company also highlighted strategic acquisitions and successful refinancing efforts.
Key financial metrics revealed a 35.3% increase in quarterly revenue to $115.1 million and a 47.8% rise in net income to $6.8 million. The company’s adjusted EBITDA also saw a substantial increase, reflecting strong demand across its diverse portfolio of over 70 customers and 100 programs. Additionally, Karman successfully closed a $300 million Term Loan B and a $50 million revolving credit facility, enhancing its financial flexibility.
The company also completed a $1.2 billion secondary offering and acquired MTI and ISP to bolster its design and manufacturing capabilities. These strategic moves are expected to expand Karman’s customer base and program reach, further driving revenue and EBITDA growth.
Looking ahead, Karman Holdings Inc. has raised its revenue and EBITDA expectations for the full fiscal year 2025, anticipating continued growth driven by robust defense funding and an increase in U.S. space launch activities. The company remains focused on creating shareholder value by enhancing national security and enabling the next-generation space economy.