KRMN — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-11

• On July 20, 2026, we entered into a definitive agreement to acquire Walker Precision Engineering (“Walker”), a Glasgow, Scotland-based manufacturer of precision engineered components and integrated manufacturing solutions supporting missile seekers, guidance systems and control systems, for aggregat…

• On August 3, 2026, we entered into a Fifth Amendment to our Credit Agreement with Citibank, which reduced (i) the applicable interest rate on our term loan by 50 basis points from SOFR plus 2.75% to SOFR plus 2.25% and (ii) the interest rate applicable to our revolving credit facility by 50 basis po…

• The increase in revenue for the three and six months ended June 30, 2026 as compared to the same period in the prior year, was primarily attributable to growth across all end-markets as additional detail below. The results of operations include the following disaggregation of revenue by end market:

• 1. Revenue in Maritime Defense Systems for the three and six months ended June 30, 2025 was previously included within other end markets.

• Growth in Hypersonics and Strategic Missile Defense revenue for the three and six months ended June 30, 2026 from the comparable period in the prior year, was primarily driven by growth in key interceptor program production and increased production associated with a new surface-to-surface missile sy…

Text removed vs the prior filing · source: 10-Q · 2026-05-14

• We completed the acquisition of Seemann Composites (“Seemann”) and MSC in February, 2026, 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. The Company Group provides advanced composite systems and materials so…

• On February 2, 2026, we also amended our Citibank credit agreement to increase its incremental term loan to $772 million while reducing the interest rate by 75 basis points to SOFR plus 2.75%. On March 9, 2026, the Company entered into another amendment of its Citibank credit agreement to (i) increa…

• Revenue for the three months ended March 31, 2026 increased $51.1 million, or 51.0%, to $151.2 million, as compared to $100.1 million for the three months ended March 31, 2025.

• The increase in revenue for the three months ended March 31, 2026 as compared to the same period in the prior year, was primarily attributable to growth across all end-markets as additional detail below. The results of operations include the following disaggregation of revenue by end market:

• 1. Revenue in Maritime Defense Systems for the three months ended March 31, 2025 was previously included within other end markets.

Text added vs the prior filing · source: 10-Q · 2026-08-11

• In designing and evaluating our disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives. In addition, the design of disclosure controls and …

• Disclosure controls and procedures (as such terms are defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) are designed to provide reasonable assurance that information required to be disclosed by us in our Exchange Act reports is recorded,

• processed, summarized, and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to our management, including our principal executive officer and principal financial officer or persons performing similar functions, as appro…

• Our management, with the participation of our principal executive officer and principal financial officer, evaluated, as of June 30, 2026, the effectiveness of our disclosure controls and procedures (as that term is defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act). Based on that eval…

• Material Weaknesses in Internal Control over Financial Reporting

Text removed vs the prior filing · source: 10-Q · 2026-05-14

• Our principal executive officer and principal financial officer evaluated the effectiveness of our “disclosure controls and procedures” as of March 31, 2026, the end of the period covered by this Quarterly Report on Form 10-Q. The term “disclosure controls and procedures” as defined in Rules 13a-15(…

• controls can provide absolute assurance that all control deficiencies or instances of fraud, if any, have been detected. Based on this evaluation, and considering the material weaknesses in internal control over financial reporting described below, the principal executive officer and principal finan…

• There were no changes in our internal control over financial reporting that occurred during the period ended March 31, 2026 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Text added vs the prior filing · source: 10-Q · 2026-08-11

• During the quarter ended June 30, 2026, none of our directors or executive officers adopted, modified or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement” as such terms are defined under Rule 408 of Regulation S-K.

Text removed vs the prior filing · source: 10-Q · 2026-05-14

• Set forth below is certain information regarding Rule 10b5-1 trading plans adopted by our directors and officers (as defined in Rule 16-a-1(f)) under the Exchange Act) during the quarter ended March 31, 2026. The adoption of this trading plan occurred during an open insider trading window and is int…