Elmet Group Co. delivers high-precision engineered components. This firm supplies its products and tailored solutions to a wide array of clients, spanning ...
The Elmet Group Co. (ELMT) is a publicly traded company on the NASDAQ Capital Market, specializing in critical materials and precision-engineered components. The company operates through two primary divisions: Critical Materials Components and Engineered Microwave Products. Its product portfolio includes molybdenum and tungsten products, tailored solutions for various industries, and ...The Elmet Group Co. (ELMT) is a publicly traded company on the NASDAQ Capital Market, specializing in critical materials and precision-engineered components. The company operates through two primary divisions: Critical Materials Components and Engineered Microwave Products. Its product portfolio includes molybdenum and tungsten products, tailored solutions for various industries, and high-energy microwave systems for defense and government applications. With a workforce of 541 employees, the company generated approximately $202 million in revenue for the trailing twelve months as of early 2026, though profitability indicators show a slight net loss. Led by CEO and Chairman Peter V. Anania, who has a long history in manufacturing, the company was formed in September 2024 as a holding company to acquire Elmet Technologies LLC, a company founded in 1929 and previously part of Royal Philips. The company emphasizes securing the U.S. supply chain for critical components, offering vertically integrated manufacturing capabilities. Financially, ELMT shows a price-to-sales ratio of about 3.2 times, an enterprise value of $564.9 million, and a book value per share of $2.04. Despite a negative return on equity in recent months, the company maintains a current ratio of 1.73, indicating short-term liquidity. Future plans include expanding its high-energy systems and microwave products to meet growing demand in defense and aerospace sectors.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$201.6M
+5.9%
+18.6%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$4.4M
-62.9%
-1227.8%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+19.7%
-6.9%
+21.3%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+6.0%
-19.8%
-445.4%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+2.2%
-65.0%
-1020.0%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$305000
-98.1%
-433.7%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+0.2%
-98.2%
-381.5%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
29.0%
-74.6%
-87.9%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
3.51x
+81.6%
+75.0%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Good morning. Welcome to the Elmet Group Company Second Quarter 2026 Earnings Conference Call. Joining us for today's presentation are the company's Chairman and CEO, Peter V. Anania; and CFO, Mike Lee. [Operator Instructions] I would like to remind everyone that this call will be recorded and made available for replay via a link available in the Investor Relations section of the company's website at investors.theelmetgroup.com. Before I turn the call over to Elmet's Chairman and CEO, the company would like to remind all participants that statements made by management during the course of this conference call that are not historical facts are considered to be forward-looking statements within the meaning of the U.S. securities laws, including the Private Securities Litigation Reform Act of 1995. These statements are predictions, projections or other statements about future events and are based on current expectations and assumptions that are subject to risks and uncertainties, including those risks identified in the Risk Factors section of the company's registration statement on Form S-1 and in its other reports and filings with the Securities and Exchange Commission. Participants on this call are cautioned not to place undue reliance on these forward-looking statements, which reflect management's belief only as of the date hereof. The company expressly disclaims any duty to update or correct any forward-looking statements. Further, management's remarks today will include certain non-GAAP financial measures. These measures are calculated by management and do not have any standardized meanings under the U.S. GAAP. These non-GAAP measures supplement GAAP measures but should not be viewed as substitutes for GAAP measures. A reconciliation of the most directly comparable GAAP financial measures to these non-GAAP financial measures is available in the company's quarterly report on Form 10-Q and in its earnings press release. I will now turn the call over to Elmet's Chairman and CEO, Peter V. Anania, for his comments. Sir, please proceed.
Peter Anania: Welcome. Thank you. Welcome, everyone, and thank you for joining us for the Elmet Group's second earnings call as a public company. Since we are still new to many people following our story, I'll begin my remarks with a brief overview of who we are and what we do before discussing updates from our strong second quarter. The Elmet Group brings together a rare set of strengths with the mission to secure U.S. critical material supply chain. Today, we are the sole U.S.-based provider of certain precision engineered refractory metal components and some high-power microwave systems, serving the U.S. government and top blue-chip customers across key end markets such as aerospace and defense and/or ADG as well as industrial, medical, semiconductor and electronics and energy. We operate through 2 divisions: the Critical Materials Components, or CMC, a vertically integrated manufacturer of critical …