Elmet Group (NASDAQ:ELMT) reported higher first-quarter revenue and profit metrics in its first earnings call as a public company, with management pointing to growth in aerospace, defense and government demand, rising tungsten prices and a record backlog as key themes shaping the business.
Chairman and CEO Peter V. Anania said the company is positioned around “several mega trends,” including defense spending, reshoring and U.S. critical materials independence. Elmet operates through two divisions: Critical Materials Components, or CMC, and Engineered Microwave Products, or EMP. The CMC division manufactures tungsten and molybdenum products, while EMP produces high-power microwave components and systems for military and industrial applications.
