Karman Holdings Inc. Earnings Per Share Disclosure
Net income per common share and common unit was computed as follows:
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Year Ended December 31, |
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2025 |
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2024 |
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|
2023 |
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(in thousands except per share data) |
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Net income |
$ |
17,366 |
|
|
$ |
12,701 |
|
|
$ |
4,359 |
|
Weighted average common share or unit outstanding - basic, respectively |
|
132,322 |
|
|
|
166,737 |
|
|
|
166,776 |
|
Effect of dilutive common shares or unit, respectively |
|
— |
|
|
|
— |
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|
|
— |
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Weighted average common share or unit outstanding - diluted, respectively |
|
132,322 |
|
|
|
166,737 |
|
|
|
166,776 |
|
Net income per common share or unit - basic, respectively |
$ |
0.13 |
|
|
$ |
0.08 |
|
|
$ |
0.03 |
|
Net income per common share or unit - diluted, respectively |
$ |
0.13 |
|
|
$ |
0.08 |
|
|
$ |
0.03 |
|
The Company had no potentially dilutive securities in any period presented.
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.