StockDriftsKarman Holdings Inc. · KRMN · 8-K · Filed
Investor update shows record $1.3B backlog, 1.6x book-to-bill
KRMN
8-K
Other filings
Source: SEC EDGAR, accession 0001193125-26-392480 · Items 7.01, 9.01
What did Karman Holdings Inc. announce?
Karman furnished an investor presentation disclosing record backlog of $1,322M as of June 30, 2026 and ~1.6x book-to-bill over the last 18 months.
Key details
- Backlog reached a record $1,322M as of June 30, 2026, up ~$398M (~69%) from $580M at Q4 2024 excluding acquired backlog
- Book-to-bill of ~1.6x over the last 18 months versus the ~1.2-1.3x target set at IPO; organic growth of 25%+ versus ~18% promised
- 2026 capital expenditures guided to ~$35-38M (~4.3% of revenue), with ~500k+ square feet of production space added since IPO and positive cash flow expected in 2H 2026
- Five acquisitions completed since IPO at an average ~10x EBITDA multiple, ~$453M total enterprise value and ~$168M of LTM revenue acquired
Why it matters
This 8-K reports a corporate disclosure at Karman Holdings Inc.. The likely share-price reaction reads as positive.
Bullish