Elmet Group (NASDAQ:ELMT) Announces Earnings Results

Posted by on May 30th, 2026

Elmet Group (NASDAQ:ELMT – Get Free Report) announced its quarterly earnings results on Friday. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.41, Zacks reports.

Here are the key takeaways from Elmet Group’s conference call:

  • Revenue rose 20.7% year over year to $56.0 million in Q1 2026, while gross profit increased 37.5% to $11.8 million and gross margin expanded to 21.2% from 18.6%.
  • Adjusted EBITDA more than doubled to $9.2 million, and adjusted net income increased to $4.7 million, helped by operating improvements and a favorable mark-to-market gain on the company’s tungsten mining investment.
  • Backlog reached a record $113.3 million at quarter-end, with ADG backlog up 133.9% year over year and supported by missile, radar, aerospace, and other defense programs.
  • The IPO strengthened the balance sheet: Elmet raised $125.5 million in net proceeds, repaid $17.8 million of term debt, and ended with about $99.4 million of cash from the offering to fund growth initiatives.
  • Management expects continued growth from higher-margin products, operational efficiency work in CMC, more defense demand, and selective M&A, while noting tungsten pricing and raw-material supply remain key variables.

Elmet Group Stock Performance

Elmet Group stock opened at $15.28 on Friday. Elmet Group has a 12 month low of $13.38 and a 12 month high of $22.25.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ELMT. Canaccord Genuity Group initiated coverage on Elmet Group in a report on Monday, May 18th. They set a “buy” rating and a $20.00 target price on the stock. Zacks Research raised Elmet Group to a “hold” rating in a report on Tuesday, May 19th. Roth Mkm started coverage on shares of Elmet Group in a research report on Monday, May 18th. They set a “buy” rating and a $21.00 price objective for the company. Wall Street Zen upgraded shares of Elmet Group to a “hold” rating in a report on Saturday, May 2nd. Finally, Cantor Fitzgerald began coverage on shares of Elmet Group in a research note on Monday, May 18th. They set an “overweight” rating and a $20.00 target price for the company. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Elmet Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.50.

View Our Latest Stock Report on ELMT

Insider Activity at Elmet Group

In other news, Director Kathie Merrill Leonard purchased 5,000 shares of Elmet Group stock in a transaction that occurred on Wednesday, April 22nd. The stock was acquired at an average cost of $14.00 per share, for a total transaction of $70,000.00. Following the purchase, the director directly owned 5,000 shares of the company’s stock, valued at $70,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kimberly Monzeglio Anania acquired 7,000 shares of the firm’s stock in a transaction on Wednesday, April 22nd. The stock was purchased at an average cost of $14.00 per share, for a total transaction of $98,000.00. Following the completion of the acquisition, the director owned 7,000 shares in the company, valued at approximately $98,000. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information.

About Elmet Group

(Get Free Report)

Elmet provides precision-engineered components and advanced high-energy systems for growth markets. Our customers in these markets require advanced technology involving critical and strategic materials, such as tungsten, molybdenum and niobium (such materials, the “Critical Materials”) and high-level radio frequency (“RF”) engineering, including plasma generation, radar, and other high-energy systems (together, “High-Power Microwave”). Our products and solutions are integral to the Aerospace, Defense and Government, Industrial, Medical, Semiconductor and Electronics, and Energy industries.

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