Karman Holdings Inc. reported second quarter fiscal year 2026 results, announcing record quarterly revenue of $182.1 million, up 58.2% year over year, and net income of $14.0 million, a 106.1% increase. Earnings per fully diluted share reached $0.11 compared to $0.05 in the prior-year quarter. The company raised its full-year 2026 revenue outlook to between $730 million and $745 million and adjusted EBITDA guidance to between $215 million and $222.5 million. Karman reported a record backlog of $1.3 billion, up 65% from fiscal year 2025 end, with quarterly bookings nearing $500 million. Additionally, the company agreed to acquire Walker Precision Engineering for approximately $94 million and completed a debt repricing expected to reduce annual interest expense by roughly $4 million. Karman Holdings Inc. operates in the defense and space industry, designing and producing critical systems for the U.S. Department of War and space launch providers.

Karman Holdings Inc. entered into a Fifth Amendment to its Credit Agreement on August 3, 2026, refinancing existing term loans with an aggregate principal amount of $763,961,000 and reducing the applicable interest rate by 50 basis points to SOFR plus 2.25%. The amendment also lowered the interest rates on its revolving credit facility by 50 basis points across all leverage-based pricing grid levels, with the highest tier set at SOFR plus 2.00%. This transaction modifies existing debt obligations and improves borrowing costs without altering other fundamental terms of the Credit Agreement. Karman Holdings Inc. operates in the healthcare industry, providing medical device distribution and related services.

On June 10, 2026, Karman Holdings Inc. appointed PricewaterhouseCoopers LLP (PwC) as its independent registered public accounting firm for the fiscal year ending December 31, 2026, and dismissed Baker Tilly US, LLP. The company reported no disagreements with Baker Tilly on accounting principles or practices, though it noted previously disclosed entity-level material weaknesses in internal control over financial reporting related to the COSO framework and IT general controls. Karman Holdings Inc. is an emerging growth company that operates in an unspecified industry.

Karman Holdings Inc. entered into an underwriting agreement for the sale of 14,000,000 shares of common stock by selling stockholders at a price of $61.00 per share. The underwriters were granted a 30-day option to purchase an additional 2,100,000 shares, and the offering closed on June 1, 2026.