KRMN Karman Holdings (KRMN) Q4 FY25 earnings call
Karman Holdings delivered record financial and operational results for Q4 and full-year FY25, driven by strong execution and strategic acquisitions. The company is positioned for continued growth amid a favorable demand environment, proactively expanding capacity and investing in advance of anticipated contract receipts. While facing temporary contracting delays and near-term margin impacts from recent acquisitions, Karman expects significant revenue and Adjusted EBITDA growth in FY26, maintaining confidence in its long-term organic and inorganic strategy.
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KRMN operating KPIs by quarter
| KPI | This call Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Backlog | $801MAdjusted EBITDA of $42 million, another quarterly record for Karman, and backlog reached an all-time high of $801 million.Source: earnings call transcript | $1B+Record quarterly gross profit of $64 million, record quarterly adjusted EBITDA of $45 million, all-time high backlog of more than $1 billion.Source: earnings call transcript | $1.3BRecord backlog of $1.3 billion, record quarterly bookings of nearly $500 million, initial fit-up of a 200,000 square foot factory in Salt Lake City with production capability online before the end of 2026.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.