Kaman (KAMN) Misses Q3 EPS by 11c; Revises Outlook
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Kaman Reports 2018 Third Quarter Results
November 1, 2018 4:15 PM EDTThird Quarter Highlights:
Diluted earnings per share of $0.05, or $0.57 adjusted* Year-to-date operating cash flow of $127.4 million; Free Cash Flow* of $103.8 million Consolidated backlog of $1.0 billion, a 35.6% increase since year end Distribution operating margin of 5.1%, or 5.3% adjusted*, on a sales increase of 6.8% Aerospace operating margin of 4.6%, or 13.0% adjusted*, on sales of $157.1 million Non-cash impairment charge of $10.0 million at AerospaceBLOOMFIELD, Conn.--(BUSINESS WIRE)-- Kaman Corp. (NYSE: KAMN) today reported financial results for the third fiscal quarter ended September 28, 2018, as follows:
Table 1. Summary of Financial Results (unaudited)... More