Karman Holdings publishes Q3 2026 earnings call transcript
KRMN•Karman raised its fiscal 2026 revenue forecast to $755 million-$760 million and adjusted EBITDA guidance to $225 million-$227 million. Third-quarter revenue was $202 million, and backlog reached $1.7 billion.
1. Raised 2026 guidance
Karman raised its fiscal 2026 revenue forecast to $755 million-$760 million, primarily reflecting stronger performance rather than its Walker acquisition, and increased adjusted EBITDA guidance to $225 million-$227 million. Third-quarter revenue reached $202 million and backlog was $1.7 billion, including a $218 million long-term agreement with Lockheed Martin for THAAD missile shrouds.
2. 2027 outlook
Management expects 2027 organic revenue growth of 20%-25%, with adjusted EBITDA margins of 30%. CEO Jon Rambeau, CFO Chris Boynton and COO Jonathan Beaudoin participated in the November 5 earnings call.
