Earnings ·
The Elmet Group Co. reported financial results for its fiscal second quarter ended July 3, 2026, alongside completing…
ELMTElmet Group Co.
The Elmet Group Co. reported financial results for its fiscal second quarter ended July 3, 2026, alongside completing an upsized initial public offering that raised net proceeds of $125.4 million. Revenue increased 35.2% to approximately $66.4 million compared to the prior year period, driven by demand acceleration in Aerospace, Defense & Government markets and raw material pricing impacts. Gross profit margin expanded 430 basis points to 25.0%, while adjusted EBITDA rose 57.9% to $8.9 million. The company reported a net loss of $(4.5) million, or $(0.16) per share, compared to net income of $1.2 million in the prior year period. Open order backlog reached a record level of approximately $131.5 million, up nearly 55% from the prior year end.