Kaman Q3 Profit Up, Distribution Sales Dip

Fresh off its acquisition of Timken Alcor Aerospace Technologies, Kaman achieved significant profit growth in Q3 despite sales decreases in distribution and aerospace.

Bloomfield, Connecticut-based Kaman Corp. reported its 2015 third quarter financials on Thursday for the period ended Oct. 2.

The company posted Q3 sales of $433.7 million, a 4.9 percent year-over-year decrease, while profit increased by 16.5 percent to $17.2 million.

The company's industrial distribution segment – Kaman Industrial Technologies – had Q3 sales of $296.3 million, down 2 percent from a year ago. Kaman Industrial Technologies is No. 21 on Industrial Distribution's 2015 Big 50 List

"At Distribution, we achieved an operating margin of 4.9 percent for the quarter despite continued weakness in industrial markets which put pressure on our top line for the period," said Nate Keating, Kaman CEO.

Kaman's Aerospace segment sales decreased 10.4 percent to $137.4 million.

Read More: Kaman To Buy Timken Alcor Aerospace Technologies

For the first nine months of 2015, Kaman Q3 total sales were $1.3 billion, a 0.4 percent increase over last year. Profit of $51.7 million increased 20.7 percent. Distribution sales of $911.8 million were a 6.1 percent increase, while aerospace sales of $411 million were a 10.2 percent decrease.