secwatch.observer — SEC 8-K summary
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Issuer:     Karman Holdings Inc. (KRMN)
CIK:        0002040127
Form:       8-K
Filed at:   2025-04-08T23:59:59+00:00
Accession:  0000950170-25-052081
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Karman reports record FY2024 revenue $345.3M (+23% YoY); issues optimistic 2025 guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2040127/000095017025052081/0000950170-25-052081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2040127/000095017025052081/ck0002040127-20250408.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-052081

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer