Karman (NYSE:KRMN) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Karman (NYSE:KRMN – Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.03, FiscalAI reports. The business had revenue of $151.21 million during the quarter, compared to the consensus estimate of $150.19 million. Karman had a return on equity of 13.15% and a net margin of 3.68%.The firm’s revenue for the quarter was up 51.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.05 EPS.

Here are the key takeaways from Karman’s conference call:

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• Karman reported a record first quarter with revenue of $151 million, adjusted EBITDA of $45 million, and gross profit of $64 million, while net income turned positive versus a loss a year ago.
• Backlog rose to more than $1 billion, and management said the company now has about 90% visibility to the midpoint of its full-year revenue guidance.
• The company raised full-year 2026 guidance to revenue of $720 million-$735 million and adjusted EBITDA of $208.5 million-$219.5 million, implying strong year-over-year growth.
• Management highlighted a favorable demand backdrop across hypersonics, missile defense, drones, maritime defense, and space launch, citing increased government funding and customer production commitments.
• Karman said it received written contingent demand commitments from four major customers spanning 4-7 years, which could ultimately translate into more than $1 billion of revenue and improve longer-term planning visibility.

Karman Stock Up 8.0%

NYSE:KRMN traded up $4.97 during mid-day trading on Wednesday, reaching $67.45. The company’s stock had a trading volume of 5,887,164 shares, compared to its average volume of 2,080,010. The company has a quick ratio of 3.17, a current ratio of 3.29 and a debt-to-equity ratio of 1.50. Karman has a 1 year low of $38.00 and a 1 year high of $118.38. The stock has a fifty day moving average of $85.91 and a 200-day moving average of $83.58. The firm has a market capitalization of $8.94 billion, a PE ratio of 518.89 and a beta of 0.68.

Wall Street Analyst Weigh In

KRMN has been the topic of several research reports. Piper Sandler raised shares of Karman from a “neutral” rating to an “overweight” rating and raised their target price for the company from $110.00 to $127.00 in a report on Friday, March 6th. Royal Bank Of Canada upped their price target on shares of Karman from $85.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, January 22nd. Citigroup increased their price objective on shares of Karman from $125.00 to $127.00 and gave the company a “buy” rating in a research report on Thursday, March 26th. Raymond James Financial reissued a “strong-buy” rating and issued a $130.00 price objective on shares of Karman in a research note on Thursday, January 22nd. Finally, Robert W. Baird boosted their target price on shares of Karman from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, March 20th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Karman has an average rating of “Moderate Buy” and a consensus price target of $114.60.

Read Our Latest Report on KRMN

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of KRMN. GAMMA Investing LLC increased its holdings in Karman by 83.7% in the 4th quarter. GAMMA Investing LLC now owns 373 shares of the company’s stock worth $27,000 after buying an additional 170 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Karman by 889.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $28,000 after acquiring an additional 347 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new position in shares of Karman during the third quarter worth $29,000. Huntington National Bank acquired a new position in Karman during the fourth quarter valued at $32,000. Finally, Kestra Advisory Services LLC purchased a new stake in Karman in the fourth quarter valued at $32,000.

Karman Company Profile

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We specialize in the upfront design, testing, manufacturing, and sale of mission-critical systems for existing and emerging missile and defense, and space programs. Our integrated payload protection, propulsion, and interstage system solutions are deployed across a wide variety of existing and emerging programs supporting important Department of Defense (“DoD”) and space sector initiatives. We estimate that no single program accounted for more than 10% of sales for the nine months ended September 30, 2024 or the twelve months ended December 31, 2023, with revenue from over 100 active programs supporting current production and next-generation space, missile, hypersonic, and defense applications.

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