What Happened
IPO Transforms Balance Sheet Amid Strong Operational Performance
Applied Aerospace & Defense presented its Q2 2026 results, highlighting record revenue and a significantly strengthened balance sheet following a June initial public offering. The company reported $167.3 million in revenue, representing 47.4% year-over-year growth, and adjusted EBITDA of $36.4 million. The IPO raised $635.6 million, enabling substantial debt reduction and bringing pro forma net leverage down to 2.7 times. This article was first reported by Investing.com.