Elmet Group Reports Strong Q3 2026 Growth Driven by Material Pricing and Defense Contracts
Elmet Group (ELMT) reported significant third-quarter 2026 growth, with revenue reaching $79.6 million, a 55.6% increase year-over-year. This surge was primarily driven by rising market prices for tungsten and molybdenum, which accounted for 70% of the revenue growth, alongside increased demand in the aerospace, defense, and industrial sectors. The company's financial health is bolstered by a massive expansion in order backlog to $347.4 million, supported by a major contract with the Defense Logistics Agency (DLA). Additionally, Elmet secured a $450 million commitment from the Department of War, which includes an initial $200 million draw used to strengthen its cash position and fund strategic investments like the Masan project and manufacturing upgrades in the U.S.
Topics: EBITDA government contracts material pricing order backlog revenue growth
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