10-Q

Quarterly report

✓ VerifiedKarman's quarterly report details the Seemann and MSC acquisitions for approximately $215.9 million in cash plus $17.0 million of stock, and credit amendments taking the term loan to $772 million at SOFR plus 2.75%.

Filed May 14, 2026 · 18:17 ET

Summary

Revenue increased $51.1 million, or 51.0%, to $151.2 million, with gross margin up 2.8 percentage points.
The Seemann Composites and MSC acquisitions closed in February 2026 for approximately $215.9 million in cash and $17.0 million of stock.
A February amendment increased the incremental term loan to $772 million while cutting the rate 75 basis points to SOFR plus 2.75%; a March amendment lifted revolving commitments by $100.0 million to $150.0 million.
No single program accounted for more than 11% of sales in the quarter.

Key facts

Acquisitions: approximately $215.9 million cash + $17.0 million stock
From the filing for Acquisitions
“for approximately (i) $215.9 million in cash and (ii) shares of common stock of the Company with an aggregate value equal to $17.0 million”
Term loan: $772 million at SOFR plus 2.75%
From the filing for Term loan
“increase its incremental term loan to $772 million while reducing the interest rate by 75 basis points to SOFR plus 2.75%”

Why it mattersCheaper debt and two composites acquisitions extend the roll-up while diversification keeps program risk low.

Filed: May 14, 2026
Accepted: 2026-05-13 22:17Z
Period: Mar 31, 2026
Accession no.: 0001193125-26-222116
Size: 9.7 MB
Index: Filing index

Summary

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