Kaman (KAMN) Tops Q3 EPS by 9c
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Kaman Reports 2021 Third Quarter Results
November 2, 2021 4:30 PM EDTThird Quarter Highlights:
Kaman revises full year outlook for 2021; higher earnings from continuing operations on lower sales, cash flow guidance unchanged Net sales from continuing operations of $179.8 million, down 15.9% over the prior year period Gross profit from continuing operations of $63.1 million; or 35.1% of sales, a 380 basis point increase over the prior year period Earnings from continuing operations of $14.7 million, up $2.8 million from the second quarter of 2021 and $53.2 million over the third quarter of 2020 Adjusted EBITDA from continuing operations* of $27.8 million, or 15.5%, a 70 basis point improvement from... More