Karman Lifts FY View as 4Q Sales Rise on Missile Demand

Dow Jones03-26

By Katherine Hamilton

Karman raised its revenue outlook after an increase in demand for missiles helped boost fourth-quarter sales.

The defense company on Wednesday posted a profit of $7.71 million, or 6 cents a share, in the quarter ended Dec. 31, compared with $1.68 million, or 1 cent a share, a year earlier.

Stripping out certain one-time items, adjusted per-share earnings were 11 cents, in line with analysts' estimates, according to FactSet.

Revenue jumped 47% to $134.5 million. Analysts surveyed by FactSet forecast revenue of $132.6 million.

Karman said its backlog surpassed $1 billion earlier this month.

The company raised its full-year outlook to a revenue range of $715 million to $730 million, an increase of $15 million.

Business is being bolstered by a "generational increase" in demand for missile and munition programs, Chief Executive Jon Rambeau said. It is also getting a boost from the U.S. government's efforts to establish multi-year prime procurement contracts and expand the space industry.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

March 25, 2026 16:35 ET (20:35 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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