KARMAN HLDGS INC Stock Price, News & Analysis

Karman Space & Defense (NYSE: KRMN), a leading provider of critical system solutions for the aerospace and defense industry, has announced its participation in the William Blair 45th Annual Growth Stock Conference. CEO Tony Koblinski and CFO Mike Willis will present on June 5, 2025, at 11:20 AM Central Time. The presentation will be accessible via live webcast, with a replay available for six months on both the conference platform and Karman's investor relations website. Karman specializes in rapid design and development of solutions for launch vehicles, satellites, spacecraft, missile defense, hypersonic systems, and unmanned aerial systems (UAS).

Karman Space & Defense (NYSE: KRMN) has acquired Industrial Solid Propulsion (ISP) for a total consideration of up to $60 million, comprising $50 million in cash, $5 million in KRMN shares, and $5 million in potential earnout payments. The acquisition, closed on May 28, 2025, was primarily funded through a $75 million increase to Karman's existing $300 million Term Loan B. ISP, founded in 1983 and based in Cedar City, Utah, brings over 40 years of expertise in small-diameter energetic and propulsion technologies. The company possesses 14 proprietary propellant formulation families and over 400 motor configurations, with significant experience in tactical boost motors and solid rocket propellant systems. The acquisition strengthens Karman's position in the UAS, UAS intercept, and rocket-assisted takeoff systems markets, while being accretive to revenue growth, Adjusted EBITDA margin, contracted revenue, and cash flow.

Karman Space & Defense (NYSE: KRMN) reported strong Q1 FY2025 results with record quarterly revenue of $100.1 million, up 20.6% year-over-year. Despite posting a net loss of $4.8 million due to IPO-related expenses, the company achieved record non-GAAP adjusted EBITDA of $30.3 million. Key highlights include a record funded backlog of $636.4 million, successful closure of $350 million in financing, and the strategic acquisition of MTI. Revenue growth was observed across all segments: Hypersonics (+21.1%), Space and Launch (+12%), and Tactical Missile Systems (+29.6%). The company reaffirmed its FY2025 guidance with expected revenue between $423-433 million and adjusted EBITDA of $132-137 million, with 95% visibility to the midpoint of revenue guidance.

Karman Space & Defense (NYSE: KRMN) has inaugurated its new 30,000 square foot facility in Decatur, Alabama, marking a significant expansion in its aerospace and defense capabilities. The facility, celebrated with a ribbon-cutting ceremony, is strategically positioned in a key aerospace and defense corridor.

The new location is designed for maximum operational efficiency, focusing on design, engineering, manufacturing, assembly, integration, and testing of advanced defense and space systems. Its proximity to major prime contractors and critical infrastructure enables swift delivery of solutions for the U.S. Department of Defense and commercial space partners.

The facility will create high-skilled employment opportunities, particularly in quality engineering and assurance, engineering, and assembly technician roles. CEO Tony Koblinski emphasized the company's dedication to national security and space exploration through this expansion, highlighting their focus on delivering mission-critical systems with advanced technology.

Karman Space & Defense (NYSE: KRMN) has announced its upcoming first quarter fiscal year 2025 earnings release and conference call schedule. The company, which specializes in critical system solutions for the aerospace and defense sector, will release its financial results on Tuesday, May 13, 2025, after market close.

The earnings conference call and webcast will be held at 1:30 PM Pacific Time on the same day. Key executives participating include CEO Tony Koblinski, CFO Mike Willis, COO Jonathan Beaudoin, and VP of Investor Relations Steven Gitlin.

Investors can join via:

• Toll-free: +1 (800) 715-9871
• International: +1 (646) 307-1963
• Conference ID: 4015462
• Live webcast: Available on the company's investor relations website

An audio replay will be accessible through May 20, 2025, via telephone and the company's website.

Karman Space & Defense (NYSE: KRMN) reported strong financial results for fiscal year 2024, achieving record revenue of $345.3 million, up 23.0% year over year. The company posted net income of $12.7 million (up 191.3%) and adjusted EBITDA of $106.1 million (up 29.7%).

Key achievements include a record funded backlog of $579.8 million (up 35.2%) and successful completion of a $581.9 million IPO in February 2025, raising $173.2 million in net primary proceeds. The company also secured a $300 million Term Loan B and $50 million revolving credit facility.

All three business segments showed double-digit growth:

• Hypersonics and Strategic Missile Defense: $114.6M (up 14.5%)
• Space and Launch: $115.0M (up 21.5%)
• Tactical Missile and Defense Systems: $115.6M (up 34.5%)

For 2025, Karman projects revenue between $423-433 million and adjusted EBITDA of $132-137 million.

Karman Space & Defense (NYSE: KRMN) has acquired Metal Technology Inc. (MTI) for $90 million in cash. MTI, founded in 1986 and based in Albany, Oregon, is a leader in manufacturing specialized refractory metal alloy systems for strategic missile programs.

MTI specializes in refractory metals like tantalum, zirconium, niobium, vanadium, and molybdenum, producing critical components including nozzles, EM shielding, energetic liners, gas generators, shape charges, and actuation systems. The company's products are essential for optimizing performance in ultra-high temperature environments of next-generation missile programs.

The acquisition provides Karman with complementary technical capabilities, including additive manufacturing, hot forging, and specialized alloy forming. The deal is immediately accretive across major financial metrics, including revenue growth, Adjusted EBITDA margins, contracted revenue, and cash flow.

Karman Space & Defense (NYSE: KRMN) has announced the grand opening of a new ISO 8 clean room at its Washington facility, designed for integrating lunar landers, spacecraft, habitat modules, and satellites. This strategic investment enhances the company's capabilities in providing turn-key assembly, integration, and testing services for space vehicle systems.

The state-of-the-art clean room features advanced specifications including:

• Overhead lifting capabilities for multiple tons
• 20' x 20'+ entry for large spacecraft passage
• Compliance with stringent ISO aerospace standards

According to Chris Stessing, VP of Engineering and Programs, this investment demonstrates Karman's commitment to providing seamless concept-to-production solutions, streamlining the supply chain, and accelerating project timelines for space missions and commercial space travel.

Karman Space & Defense (NYSE: KRMN), a provider of engineered subsystems for missile, uncrewed aircraft, and space systems, has successfully completed a major refinancing transaction. The new credit facilities include a $300 million Term Loan B maturing in April 2032 and an undrawn $50 million Revolving Credit Facility expiring in April 2030.

The refinancing significantly extends maturity dates and reduces interest expense, with the Term Loan B priced at SOFR + 3.50% and the Revolving Credit Facility at SOFR + 2.75% to 3.25%. This represents a 275 basis points reduction in interest rates, resulting in over $8 million in annual interest expense savings compared to the previous term loan.