Kaman (KAMN) Misses Q1 EPS by 20c
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Kaman Reports First Quarter 2022 Results
May 2, 2022 4:30 PM EDTFirst Quarter 2022 Highlights:
Results were in line with our expectations and we are maintaining company outlook for 2022 Delivered year over year growth in Engineered Products Net sales: $158 million Gross Margin: 32.0%, a 120 basis point improvement over first quarter 2021 Net earnings: $4.0 million Adjusted EBITDA*: $12.2 million; Adjusted EBITDA margin*: 7.7% Diluted earnings per share: $0.14 per share, $0.15 per share adjusted*BLOOMFIELD, Conn.--(BUSINESS WIRE)-- Kaman Corp. (NYSE: KAMN) today reported financial results for the first fiscal quarter ended April 1, 2022.
Table 1. Summary of Financial Results... More