earnings
confidence high
sentiment positive
materiality 0.80
Karman reports record FY2024 revenue $345.3M (+23% YoY); issues optimistic 2025 guidance
Karman Holdings Inc.
2025-Q1 EPS reported
-$0.04
revenue$100,124,000
- FY2024 revenue $345.3M (+23% YoY), net income $12.7M (+191%), adjusted EBITDA $106.1M (+29.7%).
- Funded backlog $579.8M (+35.2%) provides >90% visibility to 2025 revenue guidance midpoint.
- All three segments grew double-digit: Hypersonics +14.5%, Space & Launch +21.5%, Tactical Missile +34.5%.
- 2025 guidance: revenue $423-433M, adjusted EBITDA $132-137M; implies continued strong growth.
- 2025 highlights: closed $581.9M IPO (net $173.2M), refinanced with $300M TLB + $50M revolver, acquired MTI.