Kaman (KAMN) Tops Q3 EPS by 13c, Revenues Beat; Provides FY19 Outlook for Aerospace Unit
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Kaman Reports 2019 Third Quarter Results
November 4, 2019 4:15 PM ESTThird Quarter Highlights:
Completed Sale of the Distribution segment for $700 million in cash Net sales from continuing operations up 16% to $183.0 million versus prior year Aerospace 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 period Earnings from continuing operations increased $19.6 million; Adjusted EBITDA* increased $9.7 million for an Adjusted EBITDA margin* of 14.7%, up 380 basis points over the prior year Diluted earnings per share from continuing operations increased $0.70 to $0.36BLOOMFIELD,... More
