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Elmet Group Q3 2026 revenue jumps 55.6% with record backlog and $450M tungsten supply deal

Company Fundamentals
09 Nov 2026, 23:05 WIB
GlobeNewsWire
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Bullish
Elmet Group Q3 2026 revenue jumps 55.6% with record backlog and $450M tungsten supply deal

The Elmet Group reported a 55.6% revenue increase to $79.6 million in Q3 2026, driven by strong demand in aerospace, defense, and government sectors. Gross profit margin expanded by 960 basis points to 31.3%, and adjusted EBITDA surged 129% to 21.7% of revenue. The company secured a landmark $450 million investment from the Department of War to strengthen its tungsten supply chain and recorded a backlog increase of nearly 298% to $347 million, signaling robust future growth. Elmet plans to invest heavily in expanding U.S. manufacturing capacity and has formed new divisions and joint ventures to capitalize on rising demand and supply chain realignment.

The Elmet Group Co. reported a significant 55.6% revenue increase to $79.6 million in Q3 2026, highlighting strong sector demand. For readers following Basic Materials, here is Pluang's market snapshot as of Nov 10, 2026 02:01 WIB: out of 83 priced US stocks, 76 rose and 7 fell today. Notable movers include CRS at USD 299.36 with a 7.56% gain and 100% buy order activity, SLI at USD 1.57 up 7.53% with 100% sell orders, and CLF at USD 12.32 rising 7.50%.

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