KRMN

The short-seller firm accused it of having weak internal controls. It also came under fire for its acquisition policy.

Baron Small Cap Fund (the Fund) was up 12.57% (Institutional Shares) in the second quarter, trailing the Russell 2000 Growth Index (the Index) by 13.14%, as the Index was up 25.71%. Shares increased during the quarter as Vertiv reported strong Q1 financial results (adjusted earnings per share increased 83% year-over-year) and increased fiscal year guidance fueled by organic sales growth of around 30%. Planet Fitness, Inc. , the leading high-value, low-cost gym operator, detracted from performance in the second quarter after the company lowered full-year guidance following weaker-than-expected member additions in the first quarter.

Karman Holdings has seen its share price halve, driving revenue multiples down from 30x to 10x amid continued 50% topline growth. Karman's backlog has surged to $1.3 billion, excluding potential long-term defense agreements worth over $1 billion, supporting robust future visibility. Recent M&A, including the $94 million Walker Precision deal, and strong bookings have driven constructive sentiment despite leverage at 3.7x and high earnings multiples.

HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)---- $KRMN #AUV--Karman Space & Defense Announces Planned CFO Transition.

Invesco Discovery Mid Cap Growth Fund had a positive return and outperformed its benchmark in the second quarter. The fund was underweight in the communication services, health care and consumer discretionary sectors. Strong stock selection and an overweight in IT added to relative return. Weakness in energy partially offset the favorable results.

Karman Holdings Inc. (KRMN) Q2 2026 Earnings Call Transcript

HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)---- $KRMN #AUV--Karman Space & Defense Schedules Second Quarter Fiscal Year 2026 Earnings Release, Conference Call and Webcast.

HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)---- $KRMN #ImpossibleEndsHere--Karman Space & Defense (“Karman,” “Karman Holdings Inc.” or “the Company”) (NYSE: KRMN), a leader in the rapid design, development and production of critical, next-generation system solutions that align with the U.S. Department of Defense's core mission priorities and the nation's accelerating demand for access to space, today announced that Northrop Grumman Corporation has awarded a $21.3 million contract for the Proof of Manufacture (“POM”) phase.

FARNBOROUGH, England--(BUSINESS WIRE)---- $KRMN #AUV--Karman Space & Defense Expands into International Market with Agreement to Acquire Glasgow-Headquartered Walker Precision Engineering.

Starting Friday, it will be a component stock on the S&P SmallCap 600 index. Wednesday's price pop was due largely to index funds loading up on the space company's equity.