Applied Aerospace & Defense is rated Buy after a 37% post-IPO decline, offering an improved entry point. AADX's June IPO meaningfully reduced net leverage, enhancing financial flexibility for growth and selective acquisitions. Q2 revenue grew 47% year-over-year with a $1.13 billion backlog, but margin expansion and positive cash flow hinge on successful program ramps.

Applied Aerospace & Defense shares have declined 35% since IPO, bringing valuations to more attractive levels. Applied Aerospace now trades at below 3x sales and 14–15x EBITDA, with improving earnings visibility and a growing $1.13 billion backlog. Second-half revenue guidance implies strong sequential growth, while adjusted EBITDA guidance suggests potential upside versus consensus.

HUNTSVILLE, Ala.--(BUSINESS WIRE)--Applied Aerospace & Defense (“Applied”), a premier provider of advanced manufacturing for mission-critical space and defense applications, today announced that industry proven growth executive Elizabeth Robertson, has joined the company as executive vice president of business development. In this role, Elizabeth will lead enterprise growth, new program capture, and strategic customer relationships across three core markets: Space & Launch Systems, Defe.

On CNBC's “Mad Money Lightning Round,” Jim Cramer said Applied Aerospace & Defense, Inc. (NYSE:AADX) is losing money.

Investors need to pay close attention to AADX stock based on the movements in the options market lately.

Uncomfortably, that earnings report was its first as a publicly traded company. On the bright side, all three of its business units boosted their revenue.