GlobeNewswire·Nov 9, 2026, 4:05 PM ET

The Elmet Group Co. Reports Third Quarter 2026 Results

Elmet Group Co. reported third fiscal quarter 2026 revenue of $79.6 million, a 55.6% increase compared to $51.1 million in Q3 2025.
Gross profit margin expanded 960 basis points to 31.3%, driving adjusted EBITDA up 129.4% to $17.0 million.
Net income for the quarter reached $8.3 million ($0.24 per diluted share), while adjusted net income rose to $11.4 million ($0.35 per diluted share).
The company secured a $450 million investment from the Department of War to strengthen its domestic tungsten supply chain.
Open order backlog grew 298% year-over-year to a record $347.4 million, reflecting a 164% increase from the prior quarter.
Management plans to invest $165 million to expand U.S. manufacturing capacity & established a new division, Elmet Refining & Trading (ERT).
Strategic moves include a $150 million joint venture investment in Blue Moon Metal's Nevada facility & a $125 million investment in Masan High-Tech Materials.
The company announced the acquisition of OSRAM GmbH's metal production operations in Germany to expand capabilities.
Trailing twelve-month revenue increased 12.4% to $257.0 million with adjusted EBITDA rising 33.6% to $38.1 million.
Balance sheet updates show cash & restricted cash increased to $230.4 million following the IPO & preferred stock issuance.
The company reorganized from an S-corporation to a C-corporation on January 2, 2026, affecting its tax status & financial reporting.