Karman Holdings Inc. (KRMN) Achieves Record Net Income on Revenue Growth

Core Viewpoint - Karman Holdings Inc. (NYSE: KRMN) is highlighted as a strong investment opportunity following impressive third-quarter results, with analysts setting a price target of $100, indicating significant upside potential [1][2]. Financial Performance - Karman Holdings reported a 42% increase in revenue, reaching $121.8 million, while adjusted EBITDA grew by 34% to $37.7 million [2]. - The company achieved a record net income of $7.6 million, reflecting a substantial increase of 78.1% [2]. - Karman exited the quarter with a record backlog of $758.2 million, which is up 30.8% [2]. Market Position and Strategy - The company specializes in designing, developing, and manufacturing critical systems for the US missile, space, and defense industries, providing mission-critical solutions for various aerospace programs [4]. - Following the strong Q3 performance, Raymond James raised its revenue forecast, anticipating growth exceeding 30% due to the acquisition of Five Axis [3]. - The CEO of Karman Space & Defense noted that the high demand for their $1.2 billion secondary equity offering reflects confidence in their business model and market focus [3].