Kaman Releases First Quarter Report

The industrial distribution aircraft components company posted revenue of $457.4 million in the period.

Id 39707 Kaman Industrial Technologies Logo Edit

Kaman Corp. (KAMN) on Wednesday reported first-quarter earnings of $14.1 million.

The Bloomfield, Connecticut-based company said it had profit of 50 cents per share. Earnings, adjusted for non-recurring costs, were 57 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.

The industrial distribution aircraft components company posted revenue of $457.4 million in the period.

Kaman shares have climbed 11 percent since the beginning of the year. The stock has climbed 3 percent in the last 12 months.

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