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Applied Industrial Technologies Sales Up 7% in Fiscal Third Quarter

Kaman Sales Up 2.9% in First Quarter

Kaman Corp. (NYSE: KAMN), Bloomfield, CT, reported first quarter sales of $388.7 million, a year-over-year increase of 2.9 percent. Profit declined 3.4 percent to $9.4 million.

Industrial Distribution segment sales increased 7.9 percent in the 2012 first quarter to $257.6 million. On a sales per sales day basis, sales increased 9.6 percent over last year's first quarter, with organic sales representing 3.3 percent of the increase. Segment operating income for the first quarter of 2012 was $12.8 million.

Aerospace segment sales were $131.1 million, a decrease of $7.9 million from the first quarter of 2011. During the first quarter of 2012 the segment experienced lower sales from a variety of programs. Operating income for the first quarter of 2012 was $15.9 million, compared to operating income of $21.4 million in the 2011 first quarter.

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