The Elmet Group Co. Earnings Call Transcripts
Fiscal Year 2026
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A $450 million investment and new government contracts will fund major U.S. and European capacity expansions, including a new APT facility and the acquisition of a German plant. These moves aim to secure the tungsten supply chain, reduce reliance on China, and target $1.5–$1.7 billion in revenue by 2031.
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Q2 2026 saw 35% revenue growth and record backlog, driven by strong AD&G and industrial demand, with gross margin expanding to 25%. Adjusted EBITDA rose 57%, and the company remains well-positioned for further growth amid favorable defense and reshoring trends.
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Q1 2026 saw 20.7% revenue growth and record backlog, driven by strong ADG demand and CMC performance. IPO proceeds strengthened the balance sheet, enabling debt reduction and future investments, while margin expansion and strategic M&A remain key priorities.