Aug. 6 at 8:14 PM
$KRMN
Record quarterly revenue of
$182.1 million driven by year over year organic growth of 24.4% and total growth of 58.2%
* Record quarterly net income of
$14.0 million, up 106.1% year over year, and earnings per fully diluted share of
$0.11, compared to
$0.05 in the prior-year quarter
* Record quarterly non-GAAP adjusted EBITDA of
$54.6 million, a 54.7% year over year increase, and non-GAAP adjusted earnings per fully diluted share of
$0.14, compared to
$0.10 in the prior-year quarter
* Record backlog of
$1.3 billion at the end of the second quarter of 2026, up 65% compared to the end of the fiscal year 2025
* Quarterly bookings of nearly
$500 million across all end markets, including a large, multi-year contract with a space and launch customer
* Agreement to acquire Walker Precision Engineering for approximately
$94 million, expanding presence into the European defense market
* Completed debt repricing, expected to reduce annual interest expense by approximately
$4 million
