ELMT Elmet Group Co.
Price Chart
Executive Summary
Elmet Group reported Q1 2026 revenue of $56.0M (+20.7% YoY) and GAAP net loss of -$0.02/share, while adjusted EPS was $0.23 (vs consensus $0.06). Adjusted EBITDA doubled to $9.2M (16.4% margin). The company completed a $125.5M IPO in Q2, retired $17.8M in debt, and holds a record $113.3M backlog (+52% YoY). The GAAP loss is due to a $4.7M one-time deferred tax charge from S-corp to C-corp conversion, masking strong operational performance.
Key Financial Metrics
Actionable Insight
Strong beat on adjusted EPS ($0.23 vs $0.06 consensus) driven by 20.7% revenue growth and 260bps margin expansion. Record backlog and post-IPO balance sheet with $99.4M cash provide runway for organic growth and M&A. The GAAP loss is a one-time tax artifact — ignore. Watch for guidance on next call and potential M&A given fortified balance sheet.
Key Facts
- Revenue $56.0M vs $46.4M YoY, +20.7%
- Adjusted EPS $0.23 vs consensus $0.06, +283% beat
- Adjusted EBITDA $9.2M vs $4.5M YoY, +106%
- Gross margin expanded 260bps to 21.2%
- Record backlog $113.3M, +52% YoY
- Completed upsized IPO raising $125.5M net proceeds
- Retired $17.8M in term debt post-IPO
- GAAP net loss -$0.02/share due to $4.7M one-time deferred tax charge from S-corp to C-corp conversion
Financial Impact
Revenue grew 20.7% to $56.0M; adjusted EBITDA doubled to $9.2M; IPO added $125.5M in net proceeds
Risk Factors
- GAAP net loss may confuse retail investors despite being one-time tax charge
- Post-IPO dilution: 9.9M new shares added to 20.1M pre-IPO base (~49% dilution)
- Dependence on ADG end market for growth; defense spending cycles
- Operating cash flow declined to $6.9M from $8.2M in prior year quarter
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-062434 |
| Document: ea0292205-8k_elmet.htm | 0001213900-26-062434 |
| Document: 0001213900-26-062434-index-headers.html | 0001213900-26-062434 |
| Document: 0001213900-26-062434-index.html | 0001213900-26-062434 |
| Document: 0001213900-26-062434.txt | 0001213900-26-062434 |
| 8-K Data (Synthetic) | 0001213900-26-062434 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 9, 2026
5d ago
|
Press Release
| $17.35 awaiting T+1 | awaiting T+1 | — | $20.45 (+17.90%) |
|
Jun 1, 2026
13d ago
|
3
| $22.09 $19.83 | ▼ −10.23% | ▼ −9.54% | $20.45 (−7.42%) |
|
May 29, 2026
16d ago
|
8-K
| $15.28 $18.95 | ▲ +24.02% | ▲ +23.76% | $20.45 (+33.84%) |
|
May 29, 2026
16d ago
|
Press Release
| $15.28 $18.95 | ▲ +24.02% | ▲ +23.74% | $20.45 (+33.84%) |
|
May 26, 2026
19d ago
|
Press Release
| $15.65 $15.56 | ▼ −0.58% | ▼ −0.59% | $20.45 (+30.67%) |
|
May 20, 2026
25d ago
|
Press Release
| $14.03 $14.66 | ▲ +4.49% | ▲ +4.30% | $20.45 (+45.76%) |
|
Apr 24, 2026
7w ago
|
Press Release
| $17.00 $16.19 | ▼ −4.76% | ▼ −4.93% | $20.45 (+20.29%) |
|
Apr 23, 2026
7w ago
|
EFFECT
| $17.91 $17.00 | ▼ −5.08% | ▼ −5.87% | $20.45 (+14.18%) |
|
Apr 22, 2026
7w ago
|
CLUSTER / 8-K
| $16.19 $16.19 | · 0.00% | ▲ +0.49% | $20.45 (+26.31%) |
|
Apr 14, 2026
8w ago
|
S-1/A
| — | awaiting T+1 | — | — |
US Market Status
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