Applied Aerospace & Defense, Inc. · NYSE:AADX
Applied Aerospace & Defense — Q3 2026 Earnings Presentation
11 slides from Applied Aerospace & Defense's earnings presentation, Nov 11, 2026
Slide 1: Third Quarter Fiscal Year 2026 Earnings Presentation
Third Quarter Fiscal Year 2026 Earnings Presentation November 11, 2026 Trip Ferguson Chris Rogers Jeff McRae Chief Executive Officer President & Chief Strategy Officer Chief Financial Officer Applied Aerospace & Defense ©2026. All Rights Reserved
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements, including statements about our future results of operat
Slide 3: Applied At-A-Glance
Applied At-A-Glance Purpose-Built for Modern Space and Defense Undeniable Heritage + Next-Gen Agility ■ Decades of advanced manufacturing experience for ~1.8K 220+ leading-edge space and defense programs Team Members Engineers ■ Strategically focused on complex hardware and assemblies for extreme op
Slide 4: Third Quarter 2026 | Key Highlights
Third Quarter 2026 | Key Highlights Record Revenue Record Contract Backlog $182.1M +48.6% year over year ~$1.3B ~12% above Q2 2026 ~20% organic growth; double-digit growth in all three market areas As of September 30, 2026 Adjusted EBITDA Investing for Growth $39.7M +37.4% year over year ~$50M 2026
Slide 5: Momentum Across All Three Market Areas
Momentum Across All Three Market Areas ~$254M Third Quarter Bookings | 1.4x Book-to-Bill Space & Launch Systems Defense Aviation & Airborne Systems Advanced Sensing & Precision Strike Systems Q3 2026 REVENUE Q3 2026 REVENUE Q3 2026 REVENUE $39.1M $94.2M $48.7M +31.1% year over year +17.3% year over
Slide 6: Third Quarter 2026 Financial Results
Third Quarter 2026 Financial Results For the Three Months Ended September 30 (In $ millions, except percentages) YoY Growth 2026 2025 Revenue $182.1 $122.5 49% Gross Profit 42.7 34.3 24% Gross Margin 23.5% 28.0% (450) bps Operating Income 16.4 15.7 5% Net Income 30.6 2.7 n/m Adjusted EBITDA 39.7 28.
Slide 7: Full Year 2026 Guidance
Full Year 2026 Guidance 2026 Revenue Range $660 million - $670 million 2026 Adjusted EBITDA Range $137 million - $142 million Near Term Strategic Focus Areas Focusing on the Highest Potential Driving Operational Excellence and Executing on High Growth and Opportunities within a Building Applied Righ
Slide 8: Non-GAAP Measures
Non-GAAP Measures Non-GAAP Financial Measures Disclosure: This presentation and today’s conference call remarks include financial measures that are not prepared in accordance with U.S. GAAP, including Adjusted EBITDA, Adjusted EBITDA Margin, Free Cash Flow and, where indicated, Pro Forma Adjusted EB
Slide 9: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation ($ in millions, except percentages) Q3 2026 Q3 2025 9M 2026 9M 2025 Net income (loss) $30.6 $2.7 $(138.5) $(9.2) Income tax (benefit) expense (24.2) (4.4) 1.9 (0.1) Interest expense, net 9.9 17.3 54.0 51.0 Depreciation and amortization 15.5 10.1 42.7 29.5 Share-based c
Slide 10: Free Cash Flow and Capitalization
Free Cash Flow and Capitalization Free Cash Flow Capitalization at September 30, 2026 ($ in millions) Q3 2026 Q3 2025 9M 2026 9M 2025 ($ in millions) Amount Cash provided by (used in) operating $11.5 $(5.5) $(70.6) $(22.3) Cash and cash equivalents $11.5 activities Less: Capital expenditures (21.0)
Slide 11: Applied Aerospace & Defense
APPLIED AEROSPACE & DEFENSE
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