Kaman Reports 2019 First Quarter Results
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Kaman (KAMN) Tops Q1 EPS by 21c, Revenues Miss; FY19 Revenue Mid-Point Guidance Above Consensus
May 1, 2019 5:01 PM EDTKaman (NYSE: KAMN) reported Q1 EPS of $0.57, $0.21 better than the analyst estimate of $0.36. Revenue for the quarter came in at $457.39 million versus the consensus estimate of $465.2 million.
First Quarter Highlights:
Increases Full Year OutlookDiluted earnings per share of $0.50, or $0.57 adjusted*Distribution sales up 2.5% or 4.1% on a sales per sales day* basis to $291.0 millionAerospace operating margin increased 340 bps to 16.0%Year-to-date operating cash flow of $22.6 million; Free Cash Flow* of $15.2 millionConsolidated backlog of $949.3 millionNeal J. Keating, Chairman, President and Chief Executive Officer, commented, We were... More
