Kaman Reports 2019 Third Quarter Results
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Kaman (KAMN) Tops Q3 EPS by 13c, Revenues Beat; Provides FY19 Outlook for Aerospace Unit
November 4, 2019 5:06 PM ESTKaman (NYSE: KAMN) reported Q3 EPS of $0.46, $0.13 better than the analyst estimate of $0.33. Revenue for the quarter came in at $182.67 million versus the consensus estimate of $177.23 million.
Third Quarter Highlights:
Completed Sale of the Distribution segment for $700 million in cashNet sales from continuing operations up 16% to $183.0 million versus prior yearAerospace GAAP operating margin increased to 18.7% from 4.6% in the prior year; Adjusted operating margin* increased 570 basis points compared to the prior year periodEarnings from continuing operations increased $19.6 million; Adjusted EBITDA* increased $9.7 million for an Adjusted EBITDA margin* of 14.7%, up... More