Elmet Group Q1 revenue up 21% to $56M; adjusted EBITDA +106% to $9.2M; record backlog $113M

Elmet Group Co.

2026-Q1 EPS reported -$0.02 revenue$56,007,000

Revenue $56.0M (+20.7% YoY); gross margin improved 260 bps to 21.2%.
Adjusted net income $4.7M ($0.24/share) vs $1.9M ($0.10) in Q1 2025.
Adjusted EBITDA $9.2M (16.4% of revenue) vs $4.5M (9.6%) YoY.
Backlog record $113.3M, up 52% from $74.7M a year ago.
Post-Q1 upsized IPO raised $125.5M net; retired $17.8M debt; cash on hand $99.4M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Elmet Group Co. reported first quarter ended April 3, 2026 results: revenue approximately $56.0 million, net income $(0.3) million, or $(0.02) per share, EPS $(0.02) per share.

Period: first quarter ended April 3, 2026
Revenue: approximately $56.0 million
Net income: $(0.3) million, or $(0.02) per share
EPS: $(0.02) per share
Result: reported results

Exact text from the filing

● Revenue increased 20.7% to approximately $56.0 million compared to approximately $46.4 million in Q1 2025.

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Source: SEC EDGAR

accession 0001213900-26-062434

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