Kaman (KAMN) Tops Q3 EPS by 21c

Kaman (NYSE: KAMN) reported Q3 EPS of $0.70, $0.21 better than the analyst estimate of $0.49. Revenue for the quarter came in at $214 million versus the consensus estimate of $182.95 million.

Neal J. Keating, Executive Chairman, stated, "As many of you are aware, in August, I announced my plan to retire from Kaman as of April 2021. Additionally, we announced that I would move to the role of Executive Chairman of the Board of Directors and that the Board would appoint Ian Walsh as President and Chief Executive Officer effective September 8, 2020. We welcomed Ian to the team in September and are working closely to ensure a smooth and efficient transition. Over my time at Kaman, I have had the honor to lead this organization and the privilege to work alongside our extraordinarily talented and committed employees. I am proud of the many accomplishments we have achieved together, and I look forward to the continued success of the company under Ian's leadership."

Ian K. Walsh, President and Chief Executive Officer, commented, "I am thrilled to have the opportunity to join Kaman at a very exciting time in its history. Since its founding, Kaman has been driven by innovative technological solutions, and the work that Neal and the team completed over his tenure has allowed the Company to return to these roots. In my first two months, I have worked closely with Neal and the team on my transition, and I look forward to leveraging our history of innovation and strong financial position to continue building on our industry-leading technologies and market positions."

For earnings history and earnings-related data on Kaman (KAMN) click here.

You May Also Be Interested In

• H&R Block (HRB) Tops Q4 EPS by 7c, Offers Guidance
• NeuroPace (NPCE) Tops Q2 EPS by 3c
• Snail, Inc. (SNAL) Reports Q3 Loss of $0.36