secwatch.observer — SEC 8-K summary
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Issuer:     Karman Holdings Inc. (KRMN)
CIK:        0002040127
Form:       8-K
Filed at:   2025-05-13T23:59:59+00:00
Accession:  0000950170-25-070388
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Karman Q1 2025 revenue $100.1M (+20.6% YoY); record backlog $636.4M; reaffirms FY guidance
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- Q1 revenue $100.1M (+20.6% YoY); net loss $4.8M due to IPO share-based comp.
- Record non-GAAP adj. EBITDA $30.3M (+24.7%); adj. EPS $0.05 (+67%).
- Funded backlog $636.4M (+9.8% vs Q4); reaffirms FY revenue $423M-$433M.
- All three segments grew: Hypersonics +21.1%, Space & Launch +12.0%, Tactical Missile +29.6%.
- Closed $300M Term Loan B and $50M revolver to refinance debt; acquired MTI.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2040127/000095017025070388/0000950170-25-070388-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2040127/000095017025070388/ck0002040127-20250513.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-070388

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