Welcome to our dedicated page for ELMET GROUP news (Ticker: ELMT), a resource for investors and traders seeking the latest updates and insights on ELMET GROUP stock.
The Elmet Group Co. reports company news tied to its Nasdaq public listing, precision-engineered components, advanced high-energy systems, and capital actions. Recent disclosures describe the closing of its initial public offering, the start of trading for ELMT common stock on the Nasdaq Capital Market, and stated uses of offering proceeds, including debt repayment, working capital, growth capital, and general corporate purposes.
Elmet Technologies (NASDAQ: ELMT) received a $4.3 million U.S. government contract to develop and expand domestic manufacturing of molybdenum-based refractory metal components for critical defense programs. Funding will support precision machining, automation, additive manufacturing, post-processing, finishing, and inspection systems to boost interceptor and defense platform component production.
Microwave Techniques, a wholly owned subsidiary of The Elmet Group (NASDAQ: ELMT), signed a definitive license agreement with Brookhaven Science Associates for the ARC Sentry arc detector technology.
The non-exclusive copyright license lets Microwave Techniques engineer, manufacture, and sell the high-speed RF arc detection platform globally for industrial, scientific, and medical applications.
Elmet Group (NASDAQ: ELMT) reported Q1 2026 revenue of approximately $56.0 million, up 20.7% year over year. Gross margin rose 260 bps to 21.2%, and adjusted EBITDA doubled to about $9.2 million. Backlog reached a record ~$113.3 million. A subsequent upsized IPO generated $125.5 million in net proceeds.
The Elmet Group (Nasdaq: ELMT) will ring the Nasdaq Closing Bell on Friday, May 29, 2026, at Nasdaq MarketSite in New York City. The event recognizes Elmet’s recent initial public offering and will feature frontline manufacturing employees, senior leaders, and Chairman and CEO Peter V. Anania.
The ceremony, celebrating years of work leading to Elmet’s Nasdaq listing, will be webcast live starting at 3:45 p.m. Eastern time.
Elmet Group (NYSE:ELMT) scheduled its first quarter 2026 earnings conference call and webcast for Friday, May 29, 2026 at 9:00 a.m. Eastern Time (6:00 a.m. Pacific Time). The call will review financial results for the quarter ended April 3, 2026 and include a management-led Q&A session.
Investors can join via U.S. dial-in 877-869-3847, international dial-in +1 201-689-8261, or online webcast with prior registration. A replay of the webcast will be available afterward.
The Elmet Group (NASDAQ:ELMT) closed an upsized initial public offering on April 24, 2026, selling approximately 9.9 million common shares including full exercise of a 1.3 million overallotment at $14.00 per share. Aggregate net proceeds were $125.5 million. Shares began trading April 23, 2026.
Elmet intends to use proceeds, together with cash on hand, to repay debt and for working capital, growth capital, and general corporate purposes.