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In The News:

Kaman Reports First Quarter Results


Kaman Industrial Technologies,
/>Windsor, w:st="on">CT, reported net sales were $156.0 million in
the 2005 first quarter, up 7% from $145.6 million a year ago. First quarter
operating profits for the Industrial Distribution segment were $8.5 million for
the 2005 quarter, compared to $5.0 million in the 2004 period. prefix = o ns = "urn:schemas-microsoft-com:office:office"
/>


The
company said it benefited during the quarter from the one- time effects of
certain price increases and a higher level of realized vendor incentives in the
form of rebates. The company also won a new national account relationship with
the Chemical Lime Company.


"The
strong industrial market continued in a positive trend throughout the first
quarter," said Paul R. Kuhn, chairman, president and CEO. "On balance, the
market continues to be positive and stable, but there is some sense developing
that markets in the western portions of North America, driven by strength in the
primary materials markets -- and the Central region, driven by strength in the
paper, mining and printing accounts -- may do better this year than those in the
Northeast where certain original equipment manufacturing (OEM) sectors may have
softened somewhat. We are watching to see if product availability becomes an
issue because global demand for basic materials such as scrap steel, coal,
cement and copper has been outpacing supply, leading to longer lead
times."


Kaman is
the third largest North American industrial distributor serving the bearings,
electrical/mechanical power transmission, fluid power, motion control and
materials handling markets. Kaman offers more than 1.5 million items, as well as
value-added services to a base of more than 50,000 customers spanning nearly
every sector of industry. The company now covers 70 of the top 100 industrial
markets in the w:st="on">U.S. This segment continues to track
the U.S. Industrial Production Index and is affected to a large extent by the
overall climate for its customer industries, including overall plant capacity
utilization levels and the effect of pricing spikes and/or interruptions for
basic commodities such as steel and oil.


See Kaman's complete news release for its
first quarter results href="http://phx.corporate-ir.net/phoenix.zhtml?c=104951&p=irol-newsArticle&ID=706675&highlight">here.=


 


 

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