Kaman (KAMN) Tops Q1 EPS by 21c, Revenues Miss; FY19 Revenue Mid-Point Guidance Above Consensus

Kaman Reports 2019 First Quarter Results

May 1, 2019 4:15 PM EDT

Increases Full Year Outlook

First Quarter Highlights:

Diluted 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 million Aerospace operating margin increased 340 bps to 16.0% Year-to-date operating cash flow of $22.6 million; Free Cash Flow* of $15.2 million Consolidated backlog of $949.3 million

BLOOMFIELD, Conn.--(BUSINESS WIRE)-- Kaman Corp. (NYSE: KAMN) today reported financial results for the first fiscal quarter ended March 29, 2019, as follows:

Table 1. Summary of Financial Results (unaudited)

In thousands except per share amounts

For the Three Months Ended March 29, March 30, 2019 2018 Change Net sales:... More