The Elmet Group Co. reported second quarter 2026 results that significantly outperformed market expectations across both top and bottom lines. Performance was bolstered by accelerating demand in the Aerospace, Defense, and Government markets, with the company successfully converting its expanding backlog into revenue while achieving substantial margin expansion through operational execution and metals pricing management.
Key Highlights
- Revenue grew 35.2% year-over-year to $66.4 million, exceeding the $58.1 million analyst estimate by approximately 14%.
- Adjusted EPS of $0.18 outperformed expectations of $0.07, supported by a 57.9% increase in Adjusted EBITDA to $8.9 million.
- Open order backlog reached a record $131.5 million, representing a 55% increase over the prior-year period and a 16% sequential increase from the first quarter.
- Gross profit margin expanded by 430 basis points to 25.0%, though management noted that roughly 45% of total revenue growth was associated with raw material pricing impacts for tungsten and molybdenum.